Market expert Neeraj Dewan is currently avoiding largecap as well as midcap IT stocks due to their high valuations and potential headwinds from the US, anticipating profit-taking. He also remains cautious about ferrous metals like Tata Steel, citing a lack of clarity and weak rebound despite corrections. Dewan suggests waiting for more clarity before considering … Read more
“We’ve held stocks from the entire TVS Group for over 30 years. The Bajaj Group has been in our portfolio for over 40 years, and Reliance has been part of our portfolio for more than 25 years. We hold these companies because their businesses have shown steady growth. We’re not looking for exceptional returns like … Read more
Auto components maker Samvardhana Motherson International Ltd on Monday said it will acquire assets and shares of Germany’s Dr Schneider Group entities at an overall enterprise value of about 118.3 million euros (over Rs 1,070 crore). Kunal Malani, CFO, Motherson Group explains the rationale for the acquisition and expected synergies. Dr Schneider Group is your … Read more
Amid broad-based buying and expectation of a dovish policy action by the RBI Governor on Thursday, equity markets ended Wednesday’s session on a solid note, extending gains to the fourth consecutive session. Aided by consumer goods, metals and realty stocks, the blue-chip Nifty 50 index was up 0.68% at 18,726, while Sensex closed 0.56% higher … Read more
Stating high structural growth visibility for wiring harness content, brokerage house Nomura initiated coverage on Motherson Sumi Wiring with a Buy rating and a target of Rs 62, indicating an upside potential of 22% from the current market price of Rs 50.9 per share. “The Indian PV industry is undergoing various structural changes, such as … Read more
Benchmark indices rallied for the second day in a row led by gains in the PSU bank stocks. Nifty ended higher at 17,480 points. SBI, Adani Ports, , Nestle and SBI Life led the Nifty gainers’ pack while the laggards were NTPC, HDFC, , and . Here’s how analysts read the market pulse: Nagaraj Shetti, … Read more
Motherson Sumi Systems on Tuesday posted a consolidated net loss of Rs 1,191.65 crore for the June quarter as the business activity was badly hit by Covid-19 pandemic. An ET NOW poll of analysts had projected the figure at Rs 540 crore. The auto ancillary firm had reported a profit of Rs 360.64 crore in … Read more