A total of 103,908 shares changed hands on the counter till 11:07AM (IST).

I think TVS Motors continues to look good and M&M, of course, is a sum of parts story. So, which means the list is quite big, but they all look good.

"Auto is making new highs as volumes are improving every month, commodity inflation is behind, and production issues are getting resolved. It only helped that Auto Index was among the worst performing indexes in FY22 and hence bounce back was also with a vengeance in FY23," Kashyap Javeri, Fund Manager, Emkay Investment Managers, said.

On the technical charts, the RSI of the stock stood at 54.38.

A total of 274,454 shares changed hands on the counter till 02:12PM (IST)

Reversed from its important retracement zone indicating upmove to persist in the coming horizon.

Market leader Maruti Suzuki posted a 15.5% growth to dispatch 143,708 units in May. Shortage of electronic components did have a minor impact on its production of vehicles but the company said it took all possible measures to minimise the impact.

Domestic sales were lower by 1 per cent last month at 12,378 units as against 12,458 units in the year-ago period, it added.

The stock quoted a 52-week high price of Rs 169.4 and low of Rs 128.35.

A total of 1,414,889 shares changed hands on the counter till 11:33AM (IST)

According to Hinduja, the first of the five models planned for FY24 will be an electric bus meant for the European markets. It is expected to go on sale in January. This will be followed by two new low bus platforms for India - a 9-metre and a 12-metre bus. There will also be two light commercial vehicles (electrified versions of Dost and Bada Dost-company's light truck offerings), which are scheduled to go on sale ahead of Diwali, he told ET.

The stock quoted a 52-week high price of Rs 169.4 and low of Rs 128.35.

According to ICRA, total investments made by the CV industry were estimated at nearly Rs 3,200 to Rs 3,500 crore during last fiscal, and a similar amount is expected for FY24 as well

A total of 339,631 shares changed hands on the counter till 12:14PM (IST)

Sharekhan is bullish on Bharat Electronics has recommended buy rating on the stock with a target price of Rs 181 in its research report dated May 24, 2023.

KR Choksey is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 194 in its research report dated May 25, 2023.

Prabhudas Lilladher is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 215 in its research report dated May 25, 2023.

LKP Research is bullish on Ashok Leyland has recommended buy rating on the stock with a target price of Rs 186 in its research report dated May 24, 2023.

The Relative Strength Index of the stock stood at 45.53 on Friday.

A total of 594,741 shares changed hands on the counter till 02:09PM (IST)

IIFL Securities' Sanjiv Bhasin recommends owning both IndusInd and HDFC Bank because of their strong return on equity, return on capital, and branch expansions. He also believes that Zomato is a "no-brainer" for the restaurant business and Paytm can be a huge outperformer with its financial arm in the offing. Bhasin agrees that the electronics manufacturing industry is in a sweet spot and companies like Havells and Voltas are doing extremely well. Additionally, he prefers IndusInd Bank, which he has personally invested in.

​Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 43513.41 Crore) operating in Auto sector.

Ashok Leyland, incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 43513.41 Crore) operating in Auto sector.

A total of 736,988 shares changed hands on the counter till 01:17PM (IST).

Quarter four has been very good. It has been a double digit EBITDA quarter and we hope that in FY24 we can maintain kind of a double digit EBITDA trajectory for the whole year, that is our focus.

Ashok Leyland reported a 17% YoY fall in net profit in its Q4FY23. Despite this, several brokerages remain optimistic about the Indian vehicle maker's stock, with JP Morgan maintaining an 'overweight' call and Nomura and Jefferies advocating a 'buy' stance on the counter. The fall in the bottom line was primarily because the company accrued a one-time gain in the same quarter last year, and revenue from operations rose 33% YoY. The company's market share in trucks and buses also showed improvement YoY, and its light commercial vehicle volumes grew 18% in the reported quarter.

JPMorgan retained Ashok Leyland as overweight with a target price of Rs 175 as the company reported yet another quarter of margin beat, and the management commentary on future market share, demand, and discounting trends will be essential. Goldman Sachs stayed neutral with a target price of Rs 3370 on Dixon Technologies after seeing the company beat its Q4 2021 Street expectations. HSBC upgraded Godrej Consumer to buy, citing its robust structural growth and tenable valuation. Lastly, Nomura sustained a buy rating on Ashok Leyland with a target price of Rs 184 post-March quarter results.

Commercial vehicles maker Ashok Leyland Ltd reported a nearly 17% year-on-year (YoY) drop in net profit for the quarter ended March to Rs 751.41 crore, despite a rise in revenue.

Total revenue from operations increased nearly 33 percent YoY to Rs 11,626 crore as against Rs 8,744 crore in the same quarter last fiscal

The board has recommended a dividend payout of Rs 2.60 a share for the year ended March.

The stock traded at a P/E multiple of 64.88, while the price-to-book value ratio stood at 4.71.

Ashok Leyland's Q4 net sales are expected to increase by 35% YoY to Rs 11,786 crore, with net profit likely to decline 10% to Rs 807 crore. NMDC's Q4 revenue is expected to be in the range of Rs 5,789 crore, down 14% YoY, but profit is likely to jump 75% QoQ. Biocon's Q4 net sales are expected to rise 51%, with net profit likely to fall 58% to Rs 100 crore due to last year's quarter's high base. Biocon's biologics sales are predicted to double YoY to Rs 1900 crore.

Ashok Leyland's Q4 net sales are expected to increase by 35% YoY to Rs 11,786 crore, with net profit likely to decline 10% to Rs 807 crore. NMDC's Q4 revenue is expected to be in the range of Rs 5,789 crore, down 14% YoY, but profit is likely to jump 75% QoQ. Biocon's Q4 net sales are expected to rise 51%, with net profit likely to fall 58% to Rs 100 crore due to last year's quarter's high base. Biocon's biologics sales are predicted to double YoY to Rs 1900 crore.

Option data suggests a broader trading range in between 18000 to 18500 zones while an immediate trading range in between 18150 to 18450 zones.

Refining major BPCL Ltd posted 168% growth in its consolidated net profit at Rs 6,780 crore for the three months ended March. Revenue from operations during the reporting quarter rose 8% to Rs 1.33 lakh crore.

A total of 698,528 shares changed hands on the counter till 11:49AM (IST)

Gopichand Hinduja, 83, is the British-Indian clans oldest member following Srichands death Wednesday in London. He and his two younger brothers — Prakash, 77, and Ashok, 72 – fought over the past three years with the patriarch and his daughter, Vinoo, over a letter signed by the four siblings that said assets held by one of them belonged to all.

As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 14.73 per cent and domestic institutional investors had 14.41 per cent.

ICICI Securities has suggested 19 stock ideas to invest in realty and capex themes, citing a broad-based upcycle in the area as one driver. The brokerage predicted the end of the interest rate hike cycle would trigger further investment and that a recent expenditure push by the Indian government had fuelled real estate investments. It cited data indicating that household investments in real estate had contributed hugely to the post-pandemic economic rebound alongside strong aggregate sales. The report also noted robust real estate absorption, with resilient real estate prices driving absorption, and a trend towards robust real estate demand by households.

A total of 241,560 shares changed hands on the counter till 11:07AM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 147.28.

When you look at some of the auto ancillary players what we like is most of the tyre companies because one, I think when you look at both plus, the crude based derivatives that cost competent is 65 to 70% and both of them are looking soft to us

Ramkrishna Forgings shares will trade ex-dividend on Tuesday following the announcement of an interim dividend of INR0.50 ($0.0067) for the fiscal period 2022-23. The record date was set at 9 May, with eligibility to receive the dividend to be determined by the end of the same day. The dividend yield stands at 0.49% based on the INR1.70 equity dividend per share paid over the past year. The company makes steel and iron forgings, with applications mainly in the automotive industry, as well as railway and defence sectors.

A total of 212,922 shares changed hands on the counter till 01:49PM (IST)