Hyundai Motor India Ltd.’s plan for one of India’s largest share sales may further boost valuations for the nation’s already-buzzing automakers. The listing may value the South Korean carmaker’s Indian unit at $25 billion, Bloomberg News reported previously. That would make it the nation’s fourth biggest automaker by market value, a milestone analysts say bodes … Read more
India Ltd, part of the S&P BSE Sensex index, rose over 1 per cent in the last five sessions and over 11 per cent in a month, triggering a breakout from a 4-month-long consolidation range. The auto stock was moving in a broad range of 1,100 points since February, where Rs 8,300 acted as a … Read more
Maruti Suzuki India Ltd, part of Sensex and Nifty50, which rose a little over 12 per cent in one year has fallen over 16 per cent from its recent 52-week high, but signs of reversal on charts suggests that bulls could make a comeback. The stock has been in a downtrend so far in 2022. … Read more
Mumbai: While Maruti Suzuki reported a strong operating performance in the quarter ended September, the net profit growth was lackluster due to the higher base. The country’s top car maker witnessed significant demand improvement in the quarter and volumes rose, thanks to the spurt of pent-up demand in the domestic markets. It remains to be … Read more