JPMorgan has a target price of Rs 3,620 with a ‘neutral’ rating on shares of Eicher Motors.

Majesco L(PP), Hardwyn India, KDDL Ltd, Lumax Auto Tech and Onward Tech, hit their fresh 52-week highs at 11:00AM.

The rise in total sales for Eicher Motors was led by strong traction in the domestic market.

​So not major challenges we see from earnings growth perspective given the fact that most of the bigger sectors, especially banking are sort of firing all cylinders.

In July, Hero MotoCorp will introduce its first motorcycle developed in collaboration with Harley Davidson. It is slated to be among the most affordable products from the stable of the cult American bike maker. Also on the cards are the next generation KTM 390 Duke from the house of Bajaj, Aprilia RS 440, Yamaha MT-03 and YZF-R3.

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

Elixir Equities Director, Dipan Mehta, argues that new age companies such as Zomato, Policy Bazaar, Nykaa, and Paytm are stocks of the decade of the 2030s and could be huge multibaggers over the next 5-10 years. However, these companies are still in their investment phase, which reflects in their P&L, although they are making strong efforts to get into EBITDA positive. Regarding concerns about Page's decline, Mehta suggests that a demand slump due to higher inflation and uncertainty around weather patterns may have impacted Page industries.

The Bengaluru headquartered company has roped-in Goldman Sachs, ICICI Securities, Axis Capital, and Kotak Securities as the lead managers for its initial public offering. An email sent to an Ola Electric spokesperson remained unanswered. Goldman Sachs, Axis Capital and Kotak Securities didnt respond to the queries, while ICICI Securities spokesperson declined to comment

Revathi Equip, Onward Tech, Hardwyn India, Andhra Cements and Kingfa Science Tech, hit their fresh 52-week highs at 11:06AM.

The NSE Nifty index was trading 34.1 points down at 18251.3

The NSE Nifty index closed 33.6 points up at 18348.0

Aurionpro Sol, Servotech Power Syst, Jai Balaji Inds, Marshall Machines and Hilton Metal, hit their fresh 52-week highs during the day.

Tech Mahindra, Apollo Hospital, Grasim Inds., HCL Tech and Titan Company were among the top losers on NSE in today's trade.

Benchmark equity indices in India rose for the second consecutive session, driven by strong performances from index heavyweight Reliance Industries and IT stocks. The 30-share BSE Sensex rose 234 points to settle at 61,963.68, while the Nifty surpassed the 18,300 level. Despite strong market gains, caution is advised around the important retracement resistance zone. Experts recommend buying Maruti Suzuki Futures and Infosys Futures, due to bullish indications and patterns on daily and 4-hourly time frames.

Nestle India, Hero MotoCorp, Eicher Motors, Axis Bank and Coal India Ltd were among the top losers on NSE in today's trade.

Arham Technologies, Kokuyo Camlin, Nilkamal Ltd, VRL Logistics and Kaynes Technology In, hit their fresh 52-week highs during the day.

The NSE Nifty index closed 111.0 points up at 18314.4

The NSE Nifty index was trading 82.45 points up at 18285.85

Refex Industries, Chembond Chem, Nilkamal Ltd, Jai Balaji Inds and IZMO, hit their fresh 52-week highs at 10:50AM.

The NSE Nifty index was trading 51.4 points up at 18254.8

Motorcycle manufacturer Royal Enfield is investing in developing differentiated electric motorcycles in India, said CEO B Govindarajan. The company is also creating a supplier ecosystem around its Chennai-based plant, funded by a capex of INR10bn in the current fiscal year.

Tilaknagar Ind, The Anup Engg, GE T&D India, Quicktouch Technolog and Jindal Saw, hit their fresh 52-week highs at 11:11AM.

The NSE Nifty index was trading 50.95 points up at 18232.7

HCL Tech, Eicher Motors, JSW Steel, Kotak Bank and Wipro were among the top losers on NSE.

Kaynes Technology In, Megastar Foods, Suryoday Small Finan, Lincoln Pharma and Ksolves India, hit their fresh 52-week highs at 10:09AM.

The NSE Nifty index was trading 86.7 points up at 18401.5

Sukhjit Starch, Neuland Labs, Aaron Industries, Shreyans Ind and Foods & Inns, hit their fresh 52-week highs at 10:50AM.

Indian equity markets are poised to take cues from both domestic inflation data and the results of the Karnataka elections today. Nifty has seemingly plateaued in the last four days and is now awaiting fresh triggers for its next move. The drop in consumer inflation, reaching an 18-month record low, may shape market expectations on how the Reserve Bank of India will adjust rates next month. Analysts predict that the upswing has confirmed "a strong reversal," with the index poised to breach its 18800 all-time high soon.

Motilal Oswal recommended Neutral rating on Eicher Motors with a target price of Rs 3650 in its research report dated May 12, 2023.

Motilal Oswal recommended Neutral rating on Eicher Motors with a target price of Rs 3650 in its research report dated May 12, 2023.

Sharekhan is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 3855 in its research report dated May 11, 2023.

Emkay Global Financial is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 4000 in its research report dated May 12, 2023.

Prabhudas Lilladher is bullish on Eicher Motors has recommended buy rating on the stock with a target price of Rs 4030 in its research report dated May 12, 2023.

Despite a volatile week for Indian equity markets, benchmark indices finished positively with smallcap stocks delivering double-digit gains. Jai Balaji Industries reaped the most significant returns with a 34% spike in its shares, with a further two stocks from the same segment posting gains of 27%. The S&P Auto index achieved the highest percentage gain during the week with 4.33%, followed by the Nifty Bank and S&P BSE Healthcare indexes, with returns of 3.81% and 3.54% respectively. Experts forecast further gains and a positive impact on the equity markets from strong economic data.

Onward Tech, Shera Energy Ltd., Naga Dhunseri Group, Elecon Engg Co and Zensar Tech, hit their fresh 52-week highs during the day.

The NSE Nifty index closed 17.8 points up at 18314.8

Hindalco, BPCL, Power Grid, NTPC and UltraTech Cem. were among the top losers on NSE in today's trade.

​Bank Nifty can make the all time highs much faster than Nifty. Also most crucial event coming is Karnataka election results where markets and the exit polls are discounting a simple majority to Congress but if that does not come either, BJP makes it through coalition with JDS or they make it single handedly that will act as another big booster for market.

The NSE Nifty index was trading 27.3 points down at 18269.7