​So valuations are not expensive and neither are they very cheap. And therefore, going into FY24 and FY25, earnings delivery becomes extremely crucial.

Tata Technologies, a unit of Tata Motors, is expected to list its IPO in five to six months. In the unlisted market, shares are trading at around Rs 850. Analysts expect the stock to list at a premium and currently predict a bump of between 20% and 30%.

The Aditya Birla Group has announced that it will foray into the branded jewellery retail business with an investment of around Rs 5000 crore. This business will be housed in a new venture, “Novel Jewels Ltd”, that will build large-format exclusive jewellery retail stores across India, with in-house jewellery brands.

​M&M and Tata Motors are more into the commercial vehicles play though Tata Motors is more a conglomerate now so M&M is a better play in that respect. We like all these companies in general. Two wheelers are still lagging if you ask me.

Indian equity markets opened the week higher, supported by positive macro data and global trends. The S&P BSE Sensex went up by 240 points at 62,787 and Nifty50 was settled at 18,593 levels. Auto gained 0.92%, pharma was up 1.23%, capital goods climbed nearly 1.14%, while IT was a laggard. Tata Motors' shares rose by 1.79%, HAL's shares were up by 3.8%, and Tata Chemicals' shares rose by nearly 3% on Monday. Technical and Derivative Research Analyst at Reliance Securities recommends buying Tata Motors, HAL and Tata Chemicals shares.

Shashank Srivastava, senior executive director (marketing and sales), Maruti Suzuki, told ET that lower acquisition costs than EVs, self-charging technology that does not require supporting charging infrastructure, and fuel efficiency in city driving conditions have been driving demand for strong hybrid vehicles. "They run 40-50% of the time on battery in urban cycles, reducing fuel consumption and tailpipe emissions," said Srivastava. "At the same time, the acquisition cost is lower at 1.28X, vs 1.5X for EVs, compared with petrol cars."

Stocks that were in focus include names like Bharat Electronics, up over 2% to hit a fresh 52-week high, GE Power India gained more than 18%, and Tata Motors closed with gains of 2% to hit a fresh high on Monday.

Tata Motors' shares rose 2.3% after the Tata Group announced plans to invest INR 13,000 crore ($1.8bn) in setting up a lithium-ion plant in Gujarat through Tata's Agratas Energy Storage Solutions unit and the Gujarat government. The plant will be situated in Sanand, northern Gujarat, and will have an initial manufacturing capacity of 20-gigawatt hours, which could be doubled later. The investment will occur in two phases, according to an official announcement by the Gujarat government, with work expected to begin in less than three years.

​Tata Motors will be the stock of the year. I have been telling this from levels around 400 and even now I am telling it will be the stock of the year.

Morgan Stanley expects Tata Group's entry into the battery cells segment to help Tata Motors sustain its dominance in the EV space.

The app, which completed a year on April 7, was given a new design as well as improved navigation and payment systems, resulting in its best growth phase on all counts, including revenue.