Ahead of Market: 10 things that will decide stock action on Monday
"After three weeks of good consolidation, Nifty index has given a major range breakdown. With good volumes, Nifty has broken down from the 18200- 17800 levels, indicating that bears are in control. Around 17550, Nifty took a minor support at its 200 EMA. To resume its upward rally, Nifty needs to close above 17750 - 17800; until then, this could be a sell on every rise opportunity in the Index,” Ameya Ranadive, Equity Research Analyst, Choice Broking.
Auto sector is holding on in this market rout. Neeraj Dewan on 3 stocks to buy
"Banking sector gets very vulnerable if any news comes of even a possibility of some default which may or may not happen. This is one sector which is coming out of the NPA cycle and we do not want another wave to come and hit them. It is a highly vulnerable sector that has moved a lot in the last few quarters and had driven the markets to these levels. And now that sector is taking a knock."
This sector drove in top gear over bears to clock best weekly returns
Not only automobile makers, the equipment makers too, saw robust growth in the third quarter. Sona BLW reported a strong 39% YoY growth in revenue to Rs 685 crore, with battery electric vehicles accounting for 26% of the revenue.
Ahead of Market: 10 things that will decide D-St action on Friday
Domestic indices snapped their previous gains amid negative sentiments from their global counterparts. Weak US consumer data and hawkish comments from the Fed's policymakers on Wednesday hammered investor risk appetite. Lingering fears of recession dragged global bourses down, leaving the market volatile,” said Vinod Nair, Head of Research at Geojit Financial Services
Global commodity prices could drag Q3; Federal Bank, Ashok Leyland top picks
BFSI will drive incremental earnings growth in 3QFY23E aided by healthy business growth, NIM expansion, and benign credit costs, even as opex could remain high due to continuous investments in businesses.
Ashok Leyland ready to cater to evolving demand, CV sector poised for uptick: CEO Shenu Agarwal
The next two-three years are going to be strong for the CV industry, and Ashok Leyland expects the government to support efforts of companies to move towards the future, said CEO Shenu Agarwal. The tech adoption will be driven by the entire ecosystem, not just OEMs alone, he added.
Auto industry outlook 2023: Maruti Suzuki, Ashok Leyland could give 20-30% returns
After a healthy recovery over the last two-three months, 2W demand momentum has slowed down again, resulting in an expected decline of 5-7% YoY for retail volume in Dec22.
Shining bright! Jefferies analysts pick 4 auto stocks for 2023
Analysts say auto demand is recovering from its worst slowdown in decades, and they expect 12-18% volume CAGR for passenger vehicles, two-wheelers, and trucks over FY23-25E. Strong top-line growth with improving margins should fuel double-digit EPS CAGR for most OEMs, the report said.
Auto sector negotiates December hurdles, gears up for fast lane in Q4
Seasonally, Q4 is a strong quarter for the sector. PV and M&HCV segments to maintain their strong performance while the improving farm sector will aid pickup in tractors and farm implements. Two-wheeler demand to improve due to upcoming marriage and festive season
Market’s a story of two halves in 2023, banks in spotlight in H1: Amisha Vora
“The second half will be equally important. We will have to review whether there is any pivot from the central banks as far as interest rates are concerned, any review on the war situation and then we should take our stance. The market broadly will be range-bound and some of the existing themes will continue to do better.”
Will Landmark Cars park at D-st with a listing pop?
According to analysts tracking the grey market, the company's muted financial growth, tepid response and pricey valuations, coupled with spooked sentiments in the listed space are denting the sentiments.
forming a descending triangle almost gave a breakdown and yesterday bounced with a strong reversal candle. Buying can be initiated post breakout and if breaks this support can short till 128 levels.
Landmark Cars IPO: Here's how to check allotment status & GMP
The quota reserved for qualified institutional buyers (QIBs) was subscribed 8.71 times while the one reserved for non-institutional investors (NIIs), employees and retailers was subscribed 1.6 times, 2.93 times and 59%, respectively.
Auto index clocks double-digit gains for 3rd year straight. Can it stay in fast lane?
"A few things have clearly happened largely on the positive side, thankfully for the auto sector. One, of course, the global crude price has seen a sharp correction. The second factor is that in the initial months of the year a lot of metal prices corrected. In the last two-three months, metal prices have been flat but still on a year-to-date basis, they are down 15%-20% except for nickel. So, as most metal prices are down it is a positive for the automobile sector," said Kunj Bansal of Investment-illiteracy.com in an interaction with ET NOW.
Aditya Kondawar on pros and cons of Landmark Cars IPO
“The companys financials are good in the sense that they generate a good amount of free cash flow but on the other hand, when I compare FY22 to FY23, the growth is not that meaningful. The companys margins are very low in the sense that it is a dealership business at best which has no moat but at the same time, a lot of premiumisation is happening in the economy.”
We continue to remain overweight on the cement sector: Hemang Jani
I am a little worried with the kind of momentum we are seeing with smaller bank stocks be it PSU banks, Yes Bank and many other midcap infra companies.