Two-wheeler makers plan new launches in mid-size bike segment to challenge Royal Enfield's dominance
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.
Dipan Mehta on why Page Industries is falling & what could be the multibaggers in next 7-8 years
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.
Ola Electric plans to raise upto $1billion from IPO at valuation of $10billion, appoints four investment bankers for issue
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
Market Trading Guide: Maruti Suzuki, Infosys Fut are 2 stock recommendations for Tuesday
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.
Royal Enfield looking to roll out uniquely differentiated electric bikes: CEO
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.
Ahead of Market: 10 things that will decide stock action on Monday
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.
52 smallcap stocks offer double-digit returns in volatile market week. What's in store for investors ahead?
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.
5 top stock recommendations from CA Rudramurthy BV
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.