The shares of Tata Motors rallied as much as 3.5% on the BSE, to their day’s high of Rs 671, rebounding from its recent 52-week low of Rs 606.20 after the company’s management reassured the investors in a management meet, that Jaguar Land Rover (JLR) is well on track to achieve its FY25 EBIT guidance. … Read more
“If one is a long-term investor, this is also a domestic-focused, our own domestic-focused consumption story and there is definitely scope there to build on to a portfolio if you are seeing some correction and consolidation started to happen, then one can be looking at real estate also,” says Neeraj Dewan, Market Expert. What is … Read more
“Going ahead what is interesting is markets are oscillating in a falling wedge pattern and Nifty today took support at the lower end of the wedge pattern and there it is trying to post a recovery. It will be interesting to see if market actually manages to scale past the resistance levels of 22,650, 22,700,” … Read more
“We have seen the US dollar index actually fall 2% this year, not rise. We have seen bond yields cool off significantly. And today, US is 70% of the world market capitalisation, up from maybe around 30% a few years back,” says Sandip Sabharwal, asksandipsabharwal.com.Are we now really reaching what could be called as the … Read more
Tata Motors, the country’s largest electric passenger vehicle (PV) manufacturer in terms of volume, believes that the Battery as a Service (BaaS) model has more of a marketing value than real use for customers. Under the BaaS model, buyers do not have to pay the price of the battery up front, significantly reducing the acquisition … Read more
Tata Motors shares will be in focus on Thursday, January 30, after the company’s Q3 profit fell 22% YoY to Rs 5,451 crore, missing Street estimates. The profit was significantly below ET Now poll projections of Rs 6,791 crore. However, revenue from operations rose 3% YoY to Rs 1.13 lakh crore. Consolidated EBITDA during the … Read more
Brokerage CLSA said Nifty‘s absolute returns would be muted in 2025 as share valuations remain well above their long-term averages and their peers amid an uncertain and risky global environment. The firm said incoming US President Donald Trump’s policies on export-focused emerging markets like India and China, uncertainty around interest rate cuts, and a rising … Read more
The Indian market was closed on Wednesday, December 25 on account of the Christmas holiday, while on Tuesday, Indian benchmark indices ended marginally lower, as losses in heavyweight financial and IT stocks offset gains in consumer and auto stocks. With the holiday-truncated week lacking major triggers, analysts expect range bound moves for the benchmark indices … Read more
Amid concerns over sluggish vehicle demand even in the ongoing festive season, auto stocks succumbed to selling pressure on Tuesday. Tata Motors led the downside with 6% drop. Nifty Auto index was trading over 2% lower. Shares of Bajaj Auto and Hero Moto fell around 3% each while Maruti Suzuki and Mahindra & Mahindra were … Read more
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says most of the Tata Group companies remain very convincing from the point of view of investment. Maybe this market gives some opportunity at a corrected price level. They would once again become a buy in the portfolio from the current level. As for Adani group stocks to … Read more