Mumbai: The frequency and size of block deals in India are keeping pace with the recent surge in India’s equity indices as promoters, private equity majors and global investment funds execute billions of dollars of negotiated trades in public stock. So far in March, shares worth more than ₹55,000 crore – the highest ever in … Read more
As the Indian automobile sector gears up for the long festive season which begins in two weeks with the Ganesh Chaturthi festival, auto stocks, whose fortunes will be aligned with the performance of the companies during this period, have come under the spotlight. Top brokerages along with analysts that ETMarkets spoke to remain gung ho … Read more
MUMBAI – Samvardhana Motherson International on Thursday reported robust numbers for the June quarter, as consolidated net profit surged over four-fold year-on-year (YoY) to Rs 601 crore. Consolidated revenue from operations increased 27% YoY to Rs 22,462.20 crore. The operating profit, calculated as earnings before interest, taxes, depreciation and amortisation (EBITDA), soared 69% on year … 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
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
A bunch of widely tracked companies like M&M, LIC, Shree Cements, HUDCO, ONGC, BPCL, Ashok Leyland, Hindalco, Vodafone Idea, and Nykaa would be releasing their March quarter report cards this week. Here’s a list:May 22Shree Cements, Bharat Petroleum Corporation, Aditya Birla Fashion and Retail, SJVN, Capri Global Capital, Finolex Industries, CESC, Sun Pharma Advanced Research … Read more
NEW DELHI: With Motown in top gear, auto stocks once again rewarded investors handsomely in 2022, clocking double-digit returns for the third consecutive year. The BSE Auto index which is up around 18% so far in 2022, rallied 19% in 2021 and 13% in 2020. But interestingly, the auto index has managed to outperform the … Read more