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
Mumbai: JK Files and Engineering, a part of the Raymond Group, is eyeing a turnover of ₹1,500 crore in the next few years on expectations of robust demand for precision automotive components. Having posted more than 50% growth in FY22 with a turnover of ₹812 crore, the auto-parts arm now makes up nearly an eighth … Read more
Corporate earnings continued to remain healthy in 4QFY22 and instilled a ray of hope, amid the grim situation plagued by various disruptions. Earnings for 4QFY22 were in line with MOFSL expectations, despite the global and domestic economic environments grappling with challenges like geopolitical conflict, a surge in energy prices, raw material inflation, chip shortage, monetary … Read more
Technical and derivatives analysts see more scope for a bounceback in the coming week after the Nifty gained over 1% on Friday. The index ended at 16,352.45, ending the week with a gain of 0.5%. Analysts said the current rebound can take the Nifty to 16,650 levels with support placed at 16,000. CHANDAN DERIVATIVE ANALYST, … Read more
New Delhi: Global brokerage firm CLSA has come with a positive outlook on as many as three Indian stocks, across various consumer centric sectors. The Hong Kong headquartered firm is bullish on the companies like , and . On Tata Motors, CLSA has maintained an outperform rating with a target price of Rs 480 as … Read more
Shares of automobile manufacturers got a boost after the government cut excise duty on fuel and imposed export duty on steel inputs. Two -wheelers, in particular, are high on investors’ radar as they could benefit the most from the government moves. , , are top picks of analysts’ after the government’s move. The BSE Auto … 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: Wedding bells sounding across the country are helping two-wheeler makers regain their mojo and recover sales during April, analysts tracking the auto sector said. Along with that improving rural income also supported the demand. “Our interaction with leading industry channel partners indicates a recovery in two-wheelers (2Ws) owing to the marriage season and … Read more
Nifty futures on the Singapore Exchange traded 47 points, or 0.26 per cent lower at 18,253.50, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today’s trade: HCL Tech, TCI, Gujarat Hotels: HCL Technologies, Company of India, , Swasti Vinayaka Synthetics, … Read more
Tata Motors, the nation’s largest truck maker, has lined up an investment of more than $1 billion (over ₹7,500 crore) in the coming 4-5 years to recraft its road map for the commercial vehicle business, with electric vehicles at its core, people in the know said. The company that has taken a lead in the … Read more