Auto stocks have been in action over the past week witnessing a broad based rally. While the medium to long term prospect remains strong for the sector, stock selection will be key to reap benefits. Investors with a short term view can look to book profits while those willing to make new positions should see … Read more
According to Hisashi Takeuchi, MD & CEO, Maruti Suzuki India, India will serve as the mother plant for the Jimny (5-door) and will be the first market for its launch. | Photo Credit: The Hindu Maruti Suzuki India Limited (MSIL) has announced the introduction of off-roader Jimny at a starting price of ₹12,74,000. The Jimny will … Read more
Shares of Adani Transmission, Adani Total Gas and Indus Towers will exit the MSCI Global Standard Index on May 31, 2023, as a part of the May rejig exercise. On the other hand, Max Healthcare Institute, Hindustan Aeronautics (HAL) and Sona BLW Precision Forgings will make an entry into the index. The exit of Adani … Read more
Shares of automobile companies, particularly the four-wheeler makers, registered strong gains in FY23, as the outlook for earnings improved significantly with the strong demand for passenger as well as commercial vehicles. Mahindra & Mahindra topped the list among 4-wheeler makers, with the stock clocking 40% gains. Companies such as Maruti Suzuki, Ashok Leyland, and Eicher … Read more
In the fag-end of last week which brought a massive sell-off in Dalal Street, one sector that managed to add wealth into investors’ kitty was automobile and auto ancillary. Major stocks in this pack not only managed to buck the weak market trend but also gave strong double-digit weekly returns. The S&P BSE Auto index … Read more
, part of the auto sector, recorded a range breakout on 24 January when it declared results for the quarter ended December 2022. Suzuki’s net profit for the December quarter more than doubled on year to Rs 2,351 crore, and beat ET Now Poll of Rs 1,873 crore. Also Read The stock which is part … Read more
NEW DELHI: After India’s largest car maker managed to surprise the Street with a four-fold rise in net profit in the September quarter, Dalal Street expects the stock to rally as high as Rs 12,500. The stock, which hit a fresh 52-week high of Rs 9,768.65 today, is up over 26% in the last six … Read more
Indian market is expected to open higher on Monday tracking the positive trend seen in other Asian markets. The S&P BSE Sensex closed with gains of over 200 points on Friday while the Nifty50 closed just a shade below 17800 levels. We have collated stocks from various experts for traders who have a short-term trading … Read more
Indian market opened flat-to-negative on Monday following muted global cues. The S&P BSE Sensex which opened flat quickly fell more than 100 points while the Nifty50 broke below 17500 in the first 15-minutes of trade. Sectorally, buying was seen in the public sector, utilities, oil & gas, and power stocks while selling pressure was visible … Read more
Indian markets started on a strong note on Monday tracking positive global cues. The S&P BSE Sensex reclaimed the 54,000 mark while the Nifty50 inched closer towards 16,200 levels in the first 15-minutes of trade. Sectorally, buying was seen in IT, metals, capital goods, industrials, utilities, and the public sector. Nifty50 is likely to face … Read more