Tata Technologies IPO: When to expect and what its unlisted price is indicating?
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%.
Aditya Birla Group forays into branded jewellery retail business
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.
3 stocks Deepak Shenoy is bullish on from defense sector
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.
Big Movers on D-Street: What should investors do with Tata Motors, HAL and Tata Chemicals?
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.
Amid e-car hype, waiting time goes up for hybrid vehicles
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."
Breakout Stocks: How are BEL, GE Power and Tata Motors looking on charts? Ashish Kyal decodes
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 hit 52-week high on Rs 13,000 crore EV battery plant deal
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.