Exide Industries witnessed a remarkable 13 percent surge during Monday’s intraday trading session, reaching a record high of ₹363.35 after South Korean auto giants Hyundai Motor Company and Kia Corporation announced a partnership with Exide Energy Solutions Ltd, a subsidiary of Exide Industries for electric vehicle (EV) battery localisation inRead More →
In Q3FY24, automotive companies experienced favorable year-on-year volume growth across multiple segments. This increase in volume was further reinforced by improved realisation, attributed to the implementation of premiumisation strategies and enhanced net pricing. Additionally, favorable margin performance was achieved through a beneficial product mix and advantages derived from the easingRead More →
On Monday, the company approved a demerger proposal, splitting it into two distinct listed entities. The first entity will encompass the Commercial Vehicles business and its associated investments, while the second will include the Passenger Vehicles segment, consisting of PV, EV, JLR, and their related investments. In recent years, TataRead More →
Remarkably, the stock concluded eight out of the last nine months in positive territory, and November stood out with the highest monthly gain of 23.66%. For the year as a whole, the shares surged from ₹2,738 to ₹4,070, reflecting a remarkable gain of 48.64%. This represents the stock’s most impressiveRead More →
Commencing the year with a tentative stumble amid concerns of a potential global recession and fears of rate hikes from major central banks, both the Nifty 50 and S&P Sensex experienced declines of 4.12% and 3.03%, respectively, in the first three months. However, the indices swiftly rebounded in April, propelledRead More →
In November, the Indian auto industry witnessed a wide divergence in wholesale growth across segments, with two-wheeler (2W) volumes rising 31% YoY. The growth was 3-7% for passenger vehicles (PVs) and tractors, while trucks saw a decline of around 4%. According to global brokerage Jefferies’ estimates, domestic two-wheeler (2W) wholesalesRead More →
These stocks have truly stood out, offering investors a reason to rejoice alongside the traditional festivities. Over the last one-year period, more than 25 Nifty 500 stocks have delivered phenomenal returns to their investors, with gains in the range of 100–482%. These stocks are from sectors including defence, railways, banking,Read More →
While Tesla’s robust sales is seen as positive for Indian auto ancillaries, however, the entry of the leading electric car maker could negatively impact domestic OEMs as it will stir intense competition. Nevertheless, auto ancillaries are seen as well-placed amidst this scenario. At the time of writing, the BSE AutoRead More →
After a three day break, Indian shares advanced on Monday, aided by auto and realty stocks following strong quarterly business updates. The indices extended gains for the sixth session in a row, as the central bank made a surprise decision of keeping the repo rate unchanged to assess the effectsRead More →
Sensex ended at 57,613.72 down by 40.14 points or 0.07%. While Nifty 50 closed at 16,951.70 lower by 34 points or 0.2%. Top gainers on Sensex were — IndusInd Bank, Power Grid, HDFC Bank, ICICI Bank, and HDFC. Top losers on Sensex were — Tech Mahindra, Tata Motors, Bharti Airtel,Read More →
