NEW DELHI: Most analysts are turning bullish on auto stocks as Q1 volumes recover across segments and supply side issues seem to be easing, with an improvement in the supply of semiconductors. Led by rallies in , MRF, Mahindra & Mahindra, Hero Moto and , the Nifty Auto index is up over 8 per cent … 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
New Delhi: With volatility in the domestic equity markets increasing, global brokerage firms have turned negative on select underperformers of Dalal street. Credit Suisse has initiated its coverage on with a target price of Rs 510, which is 18 per cent lower than the last close of Rs 621.90. The stock is trading at 3.2x … Read more
New Delhi: Amid the ongoing volatility in the stock market, global brokerage firm BofA Securities is bullish on newly listed tech firm Delhivery and auto major . Meanwhile, CLSA has reiterated its positive view on while Morgan Stanley is bearish on another group firm . BofA Securities initiated its coverage on the recently listed logistics … Read more
Mumbai: Shares of automobile makers surged on Thursday as the recent decline in global commodities, including metals, prompted investors to lap up some of the battered names. The BSE Auto index jumped 4.4% emerging as the top sector gainer on Thursday led by gains in Maruti Suzuki India‘s shares which rose 6.3% to 8,274.60. Eicher … Read more
NEW DELHI: At a time when the market was rallying, auto sector sulked. And now, when the market is in total disarray, strength seems to have returned to auto counters, helped by healthy volumes and hopes of commodity benefits after the government moved to reduce steel prices. The Nifty auto index trades flat, with a … Read more
NEW DELHI: Rate sensitive stocks gained on Wednesday after the Reserve Bank of India (RBI) hiked repo rate – the rate at which it loans money to banks — by 50 basis points to 4.90 per cent in order to tackle elevated inflation. Most bank stocks, which are among the most sensitive stocks with respect … 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
Auto industry has been gasping for growth for over 10 years now. The different sub segments of the industry have only grown at a 3-6% CAGR over FY10 to FY20 as compared to 10-12% CAGR over FY00 to FY10. The growth of the industry has been impacted as the fortunes of the automobile industry are … Read more
NEW DELHI: The broader sentiment continues to be directionless as retail investors and FIIs turned prudent over better asset class opportunities other than equities in India and globally. This cautiousness is not new to D-Street and markets have been more or less tepid since the beginning of November. Amongst sectors, BSE IT was the biggest … Read more