Auto stocks mixed after January sales data. What's in store?
The commercial vehicle (CV) segment reported double-digit growth in January, with sales at Eicher and Ashok Leyland rising more than 32% each. Eicher Motors lost the most among stocks during the day, down 2.82%, while Ashok Leyland gained the most by 2.78%.
Chart Check: Breakout from double bottom pattern makes this two-wheeler maker an attractive buy; could hit record highs
The relative strength index (RSI) is at 64.8. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.
Dalal Street rebounds sharply on buying in beaten-down bank stocks
“Today the market will be completely dominated by the movements in Adani stocks. The statement from Adani Enterprises that the FPO is on schedule and that there is no change in the price band is hugely important. This can be interpreted as a reflection of the confidence of the management in the success of the FPO,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
India’s PLI Scheme – Spell of manufacturing brilliance or a fallacy?
In 2020, the government realised the lacunas of the previous initiatives, came back to the drawing board alongside the ministries and drafted the Production
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.
Should investors sell Adani stocks or buy the dip? Sanjiv Bhasin answers
“There will always be uncertainty when a group has made its market cap past Rs 20 lakh crore in the last five years but it is on the back of businesses which are there. It all seems concerted. It tells us how insider trading is very open right now. SEBI and stock exchanges should look to who had initiated this and where was the call writing and put and hence the option market.”
Bajaj Auto shares climb over 7% post Q3 results. What should investors do?
Its revenue from operations rose 3.3% YoY to Rs 9,315.14 crore whereas EBITDA increased by a sharp 29.4% YoY to Rs 1,777 crore and margins expanded by a whopping 386 basis points to 19.07%.
Loss making trade. Tried to go long as price was above the Daily & Weekly Pivot. However, learnt the lesson that strong market sentiment will override all the logic.
Hot Stocks: Brokerages on Bajaj Auto, Dr Reddy’s Laboratories, Tata Motors and Cipla post Q3 results
EBITDA margin improved by 176 bps YoY to 24.2% despite soft Revlimid sales, mainly driven by an improvement in the mix. The net profit grew by 9.9% YoY to Rs8bn mainly on the back of a strong operational performance, which was partially offset by a higher tax rate on account of DTA reversal.
Stock market update: Stocks that hit 52-week highs on NSE
Touchwood Entertainm, Jindal Saw, Advitiya Trade India, Bombay Super Hybrid and Upsurge Seeds of Agriculture Ltd., hit their fresh 52-week highs at 10:04AM.
Big Movers on D-St: What should investors do with Zomato, Bajaj Auto and Biocon?
Stocks that were in focus include names like Zomato which was down more than 8%, Bajaj Auto which was up nearly 1%, and Biocon which was down more than 4% on Wednesday.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Dynacons Sys, Lambodhara Text, Shreeoswal Seeds, Upsurge Seeds of Agriculture Ltd. and Servotech Power Syst, hit their fresh 52-week highs during the day.
Maruti may give 20-22% return in next two years: Hemang Jani
When it comes to banks, we are dealing with the problem of plenty. What is happening is that most of the banks are delivering good numbers and the issue is because of the over ownership.
Stock market update: Stocks that hit 52-week highs on NSE
DRS Dilip Roadlines, Radhika Jeweltech, Lambodhara Text, Servotech Power Syst and Upsurge Seeds of Agriculture Ltd., hit their fresh 52-week highs at 10:04AM.
Q3 earnings, F&O expiry among 8 factors that will steer market this week
With earnings of index heavyweight Reliance out of the way, some major companies, including Axis Bank, Maruti Suzuki, Tata Motors, Bajaj Auto, Cipla, Bajaj Finance, Vedanta, and NTPC, among others, are slated to announce their third-quarter results this week. The markets on Monday will also react to RIL's earnings, which disappointed the Street, as well as other index majors ICICI Bank and Kotak Bank.
Rahul Shah is bullish on these 2 sectors for next week
Obviously next week also we are in expiry. Monthly expiry is coming up that is why we are seeing that markets have been quiet since the last three-four sessions. So, the sector on my radar is financials and within the financials also PSU banks.
Rahul Shah is bullish on these 2 sectors for next week
Obviously next week also we are in expiry. Monthly expiry is coming up that is why we are seeing that markets have been quiet since the last three-four sessions. So, the sector on my radar is financials and within the financials also PSU banks.
Volume profile indicates Nifty may find support around 17,900-18,000 zone
Tata Consultancy Services, a prominent IT company, was 3% higher, ahead of its third-quarter results. Early trading saw gains of more than 1% in both the IT and metal indexes.
Volume profile indicates Nifty may find support around 17,900-18,000 zone
Tata Consultancy Services, a prominent IT company, was 3% higher, ahead of its third-quarter results. Early trading saw gains of more than 1% in both the IT and metal indexes.