AUTO
Skoda Auto India hikes vehicle prices by up to 3 pc
Skoda Auto India announced a price increase of up to 3% on its car models, effective January 1, 2024. This is due to rising input and operational costs. The price hike will affect all models except the recently launched Kylaq, which will remain at its current price until it reaches 33,333 bookings.
Indian auto components industry sees 11.3% growth in H1 FY25: Report
India's auto components industry saw robust growth in the first half of FY25, with an 11.3% increase in market size to $39.6 billion. Demand for larger vehicles, especially UVs, surged, alongside a rise in motorcycles with higher engine capacities. EV sales grew overall, but electric passenger vehicles saw a decline.
It's Friday, the 13th! Sensex down 1,100 points, Nifty below 24,200. 5 reasons why
Sensex Down Today: Indian stock markets tumbled over 1% on Friday, weighed down by metal stocks, a strong U.S. dollar, and uncertainty about Chinese stimulus. Higher November inflation also dampened sentiment. Sensex fell 1147 points and Nifty50 dropped 337 points. While metal stocks led the decline, only a few stocks opened in the green.
Stocks to buy today: Ultratech, DMart and Bajaj Auto on investors' radar
Indian equity indices closed lower on Thursday as investors awaited inflation data. UltraTech Cement, Bajaj Auto, and DMart experienced declines. Analysts suggest cautious approaches for these stocks, recommending waiting for confirmed breakouts or reversals before investing.
Slowdown in auto means opportunity in auto ancillary? Probably, yes. 6 auto ancillary stocks with an upside potential of up to 40%
If one looks at auto sector sales numbers, some segments are showing signs of a slowdown. November numbers were below expectations. It is not clear whether this was due to festive season sales coming early, or because, after three years of strong growth, there has been a moderation. There is another side to this story. In segments like two-wheelers, the slowdown could be the result of the EVs making inroads. We don¡¯t know for certain yet, as these numbers are not released monthly. The bottom line is that there are many moving parts in the auto industry ¨C and this phase of consolidation is probably an opportunity to look at auto ancillary companies. That is where the underlying transformation is taking place.
Bajaj Auto shares in focus after probing 'smoke emission' incident in Chetak EV
Bajaj Auto is investigating a smoke emission incident involving its Chetak electric scooter in Maharashtra. Preliminary findings indicate smoke originated from a plastic component, with no fire or damage to the battery or motor. The company assures customers of its commitment to safety and quality and is conducting a thorough investigation to determine the root cause.
- Go To Page 1
Stock Radar: Down 24% from highs! Exide Industries rebounds, found support above 20-DMA; time to buy?
Exide Industries' stock has rebounded from November lows, reclaiming key moving averages. Experts suggest buying the stock, targeting Rs 490. After a 24% drop from its June high, the stock found support above Rs 400 and is showing bullish signs, trading above key moving averages with positive RSI and MACD indicators.
Stocks in news: Bajaj Auto, Star Health, Awfis Space, NTPC Green, Ujjivan SFB
Standalone health insurance provider Star Health Insurance Ltd has taken up multiple measures including stepping up of its security mechanism following an alleged data breach recently, a top official said.
Bharat Forge raises Rs 1,650 cr via QIP
Bharat Forge Ltd. successfully raised ?1,650 crore through a qualified institutional placement (QIP) that closed on Monday. Priced at ?1,320 per share, the issue saw over ten times the demand, attracting significant interest from domestic and international investors. The funds will be used for debt repayment and to support previously announced inorganic growth plans.
Stock Radar: Samvardhana Motherson shows signs of bottoming out after 20% fall; should you buy?
The stock reached a record high of ?217 on September 27, 2024, but lost momentum, rebounding after testing its 50-DMA. It has since consolidated near its 200-DMA and 200-EMA, signalling potential bullish strength. The daily RSI stands at 47.4, indicating a neutral zone, according to Trendlyne data.
Market Wrap: D-Street breaks 5-day winning streak; Sensex slips over 50 pts, Nifty drops below 24,680
Indian benchmark indices broke their five-session winning streak on Friday, in a highly volatile trading session after the Reserve Bank of India (RBI) slashed the cash reserve ratio (CRR) by 50 basis points to ease liquidity conditions, but kept interest rates unchanged while cutting the GDP growth projection.
Hot Stocks: Brokerages view on Westlife Food & CUB; UBS recommend Sell on Bajaj Auto
Goldman Sachs maintains a "Buy" on Westlife Foodworld, UBS reiterates "Sell" on Bajaj Auto, and Axis Capital initiates "Buy" on City Union Bank, citing strong growth prospects and financial stability.
MNC stocks' outperformer marker starts turning frail
MNCs are struggling with earnings slowdown in consumer-facing companies, rising D2C brands, and high FII exits, which have worsened the price decline, according to analysts.
Auto OEM¡¯s Q2 earnings outpace India¡¯s Jul-Sep GDP, but why are stocks still lacking vigour?
Despite outperforming both Nifty and India¡¯s GDP growth in Q2FY25, listed auto OEMs experienced lackluster stock performance, falling up to 21%. Factors include uneven earnings, changing consumer preferences, interest rate cut delays, and demand normalization. Market analysts offer mixed recommendations on auto and ancillary stocks. Stocks like Mahindra & Mahindra, Maruti Suzuki and Samvardhana Motherson are among preferred bets.
Ola Electric shares surge 7% after Bhavish Aggarwal announces expansion plans
Ola Electric's shares experienced a 6.85% rise as CEO Bhavish Aggarwal announced plans to expand its retail network from 800 to 4,000 stores by December 20, 2024. Despite a sharp decline in November sales, Ola remains the market leader in EVs, amidst intensifying competition with TVS and Bajaj Auto.
Tata Motors shares rise over 1% as November sales rise marginally to 74,753 units
Tata Motors Auto Sales: Tata Motors reported a marginal sales increase in November 2024, reaching 74,753 units. Domestic sales rose 1%, while passenger vehicle sales grew 2%. Commercial vehicle sales declined by 1%. In Q2 FY25, net profit fell 11.18%, with a 3.5% revenue drop.
GDP shocker & 7 other factors to decide Sensex, Nifty movement this week
Sensex and Nifty movements this week will be influenced by several factors, including weak Q2 GDP data, auto sales figures, FII selling trends, and the upcoming RBI meeting. Other key considerations include technical analysis, geopolitical tensions, global economic data points, and crude oil prices. Analysts expect market sideways movements for the next 6-12 months.
Tech surge propels STOXX 600 to near one-week high
Europe's STOXX 600 ended the week positively due to a tech stocks rally, despite overall monthly gains being dampened by various factors including political uncertainty and geopolitical tensions. Investor focus is on euro zone inflation data and the likelihood of a sizable ECB interest rate cut in December.
Mood at core sector companies positive, discretionary outlook cautious
Most management teams highlighted a moderation in domestic demand, particularly in commercial vehicles and passenger vehicles, with volume guidance revised downward for high-growth two-wheelers, according to the brokerage. Auto ancillary firms with overseas exposure also saw weak demand. While raw material costs remain stable, benefits from commodity softening are being offset by rising operational costs.
Market Wrap: Banks, auto stocks lift Sensex 230 points, Nifty above 24,200
Markets closed higher, but Nifty saw mixed action with 25 stocks in the green and 25 in the red. Top gainers included Adani Enterprises, Adani Ports, Bharat Electronics, Trent, and NTPC, while Apollo Hospitals, Titan, Wipro, Shriram Finance, and Hindalco led the losers.
These 7 stocks to trade ex-dividend on Thursday. Last chance to buy!
Seven companies, including GPT Healthcare and Bayer CropScience, are set to trade ex-dividend on November 28th. Investors have until today to buy shares and qualify for the announced dividends. These payouts range from Rs 0.1 per share to Rs 90 per share, offering income opportunities for shareholders.
Stocks in news: Indian Oil, M&M, Ola Electric, Dabur, UltraTech, Kotak Bank
Indian Oil Corp, India's top refiner, has maintained its annual crude import deal with Iraq at 21 million tonnes for 2025, a senior company executive said.
Market Wrap: D-St ends two day gaining streak; Sensex falls over 100 pts, Nifty drops below 24,200
Indian benchmark indices broke their two-session gaining streak on Tuesday dragged by selling pressure in auto and pharma stocks. While the S&P BSE Sensex settled at 80,004.06, down by 105.79 points or 0.13%, the broader Nifty fell below 24,200 to close at 24,194.50, lower by 27.40 points or 0.11%.
BJP Maharashtra triumph triggers Rs 6 lakh crore wealth surge on D-Street; Sensex surges 993 points
The rally was broad-based across all sectors, with bank stocks leading the charge. The S&P BSE Sensex closed at 80,109.85, up 993 points (1.25%), while the Nifty ended at 24,221.90, rising 315 points (1.32%). Over two sessions, the Sensex has gained nearly 3,000 points. The total market capitalisation of BSE-listed companies increased by over ?6 lakh crore, reaching ?439.86 lakh crore.
Rising dollar puts Indian markets on edge. These sectors are feeling the pinch
The surging US dollar, driven by a strengthening US economy and potential policy shifts, is impacting Indian markets. Import-heavy sectors like oil and gas and auto are facing margin pressures, while export-dependent sectors remain resilient for now. Market sentiment is cautious as investors await clarity on the future direction of the dollar and its impact on Indian equities.
In time of transformation, is a combination better? 8 stocks from auto, auto ancillary and battery-maker space with upside potential above 25%
Just as the market was about to witness one of its strongest FII selling phases, an auto company opened bookings for a new model. There were over 1.76 lakh bookings in just 60 minutes! Yet, the auto stock declined sharply in the ensuing correction. Should you be looking at what this one model will do to the bottom line of the company? Or should you be paying attention to the Nifty and Sensex and accompanying narratives? The answer is obvious. And needless to say, the stock bounced back at the first hint of recovery in the market. Is the auto company the only winner? No. An auto ancillary company supplying parts for that model would also be a winner. So, having both in your portfolio would be better. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ¨C earnings, fundamentals, relative valuation, risk, and price momentum ¨C to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Market Wrap: Sensex breaks 4-day losing streak, ends 239 pts higher; Nifty closes above 23,500
Driven by gains in HDFC Bank and Mahindra and Mahindra, Indian benchmark indices Sensex and Nifty closed higher, experiencing a short-term relief rally. Meanwhile, China's removal of export tax rebates on key commodities from December 1st impacted the Indian commodity market, causing the Nifty Metal index to close lower despite intraday gains.
Auto stocks: More fall on the cards? Should it matter? 6 auto stocks with an upside potential of up to 37%
Once again it was auto stocks that bore the brunt of a bear mauling. Can they fall any more? Yes ¨C when the market is in correction mode, any stock can shed more weight. The bigger questions: Should the fall in auto stocks be seen as an opportunity? Or is it better to stay away at this point? Or even move out of these stocks as things may be turning troublesome for the sector? The answer to these questions is simple. Don't change your outlook ¨C change the time frame. There are good reasons for this.
Bajaj Auto shares fall 5% as October sales data disappoints
Bajaj Auto shares fell 5% after reporting a 2% YoY sales rise to 479,707 units in October, with domestic two-wheeler sales declining 8%, despite strong export growth.
Load More
