Vinit Bolinjkar, Head-Equity Research, Ventura Securities, says RBL is definitely a stock to buy. So, irrespective of Mahindra putting money into this stock, we had a buy on this stock at Rs 130 with a target of Rs 260. Today, we are sitting around 210-220 odd levels still a way to go and our estimates … Read more
Technical charts indicate Nifty could extend its recordbreaking run and the upward momentum acceleration towards 19,700 in the coming month. HDFC twins, Mahindra & Mahindra, Reliance Industries, L&T, Bajaj Auto, Hero Moto, JSW Steel, Bharti Airtel, Indian Hotels, HEG, Persistent Systems, Gabriel, and BEL, are some of the stocks recommended by technical analysts for short-term … Read more
Synopsis The monetisation could add around ₹130-160 per share to the SUV business valuation and its share could reach a quarter of the total fair value of the company as the valuation of the SUV business shoots up. The SUV business is in a sweet spot after a gap of nearly eight years, with positive … Read more
Mahindra & Mahindra (M&M), part of the S&P BSE Sensex index, has rallied by over 40 per cent in the last 3-months compared to an over 2 per cent fall seen in the Nifty50 in the same period, but the upside may not be over yet. The automobile stock is cruising along nicely even though … Read more
Mahindra & Mahindra, a passenger car and utility vehicle maker, rose more than 30 per cent in the last 3 months compared to 0.5 per cent upside seen in the Nifty50 in the same period, and the rally may not be over yet. The automaker has been on buyers’ radar so far in 2022 pushing … Read more
MUMBAI: This time last year, investors were still warming up to Mahindra & Mahindra’s promises of revolutionizing its capital allocation structure and a strong rebound in its tractor business post the national lockdown. One year on, Mahindra & Mahindra seems to have left its capital allocation troubles behind and is focused on producing growth for … Read more
Rural demand for discretionary products from non-essential consumer goods to automobiles is expected to remain muted this fiscal despite record agricultural produce and good monsoon prediction due to a steep surge in Covid-19 cases in India’s villages, a new report has said. “Loss of impulse demand is expected to be more pronounced in rural areas … Read more
NEW DELHI: Blackstone-promoted Sona BLW Precision Forgings on Tuesday received capital markets regulator Sebi’s approval to float initial public offering (IPO) share-sales. The company plans to raise Rs 6,000 crore. The public offer comprises a fund raise via a fresh issuance of shares amounting to Rs 300 crore and Rs 5,700 crore through an offer-for-sale … Read more
(This story originally appeared in on Apr 30, 2021) NEW DELHI: The fresh wave of the coronavirus has crippled industrial activity across key manufacturing units as factory output has drastically reduced for many, and even come to a halt for some top ones, in view of rising infections and closure of showrooms, with states and … Read more
NEW DELHI: A superb growth in tractor sales and strong demand for other vehicles, especially from rural India, will keep the auto sales numbers in the green as automakers start reporting data from Tuesday onwards. Auto sales have been improving for a few months now, especially riding on sustained demand from rural markets and festive … Read more