Indian market closed lower for the fifth consecutive day on Thursday following muted global cues. The S&P BSE Sensex plunged more than 1,000 points while the Nifty50 closed below 15,400 after it hit a fresh 52-week low. Sectorally, selling pressure was seen in metals, public sector, telecom, realty, and IT stocks. The S&P BSE Midcap … 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
As Nifty50 ended May on a negative note, domestic brokerage firm in its latest ‘bulls vs bears’ report has highlighted the valuations of Indian stock markets. Apart from the valuations part, the brokerage has also cherry picked a number of stocks across the sectors, which might outperform in the remaining part of the year. The … 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
Indian market closed in the green for the third consecutive day on Monday. The S&P BSE Sensex rose more than 1,000 points while the Nifty50 gained a little over 300 points. Sectorally, buying was seen in consumer durables, realty, IT, capital goods, and energy stocks. The S&P BSE Mid-cap, and Small-cap indices rose over 2 … 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
(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
MUMBAI: Stocks such as Mindtree, Varun Beverages, Hindustan Aeronautics, Honeywell Automation, Astral Poly Technik and Apollo Hospitals among others could advance on Friday as index provider FTSE is set to include them in its midcap index. These stocks are likely to see an inflows between $20 million and $80 million on Friday. Indian equities could … Read more
In a post earnings conference call, Escorts’ management said that the replacement demand is improving due to stronger farm cashflow, which may help in higher volume for FY22 over the record growth seen in FY21 so far. Synopsis Analysts expect tractor volume to remain either flat or grow marginally in FY22 as the pent-up demand … 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