“I think Escorts Kubota is a good one to look at. The company benefits from farm equipment sales that will kind of pick up because of the Kubota access to new products, it enlarges the whole canvas of products that they can offer which is quite good and lowers the cyclicality of the business,” says … Read more
Mumbai: Auto major Mahindra and Mahindra (M&M) Ltd on Tuesday said its SUV (sports utility vehicle) domestic sales surged 24 per cent to 51,062 units in September compared to the same month of last year. The company had sold a total of 41,267 SUVs in the domestic market in September 2023, according to a statement. … Read more
The Indian market is set to trade higher on Friday, tracking positive global cues. The Nifty futures closed positively with gains of 0.85%, reaching 26,220 on Thursday. The volatility index, India VIX, cooled by 7.12%, settling at 11.84, indicating a decrease in market volatility. On the options front, the maximum Call Open Interest (OI) is … Read more
The Indian market is likely to consolidate on Wednesday, tracking muted global cues. The Nifty futures closed positively with gains of 0.15% at 25,956 levels on Tuesday. On the options front, the maximum Call open interest (OI) is placed at the 27,000 strike, followed by the 26,500 strike, while the maximum Put OI is at … Read more
The Indian market is expected to trade higher on Tuesday, tracking positive global cues. The Nifty futures closed positively, gaining 0.57% at 25,915 levels on Monday. The India VIX rose by 7.78%, closing at 13.78. On the options front, the maximum Call OI is at the 27,000 strike, followed by the 26,000 strike, while the … Read more
New Delhi: The Society of Indian Automobile Manufacturers (SIAM) and big auto players have hailed the Cabinet decision of PM e-DRIVE schemes aimed at promoting electric mobility across the country. The Rs 10,900 crore scheme will support 2,479,000 electric 2-wheelers, 316,000 electric 3-wheelers and 14,028 electric buses, along with 88,500 EV charging sites. Shailesh Chandra, … Read more
Rajesh Jejurikar, ED & CEO, Auto & Farm, M&M, says they have a total capacity of 9,500 with some fungibility on how much we can make of 3-door and 5-door. But of course, there will be cannibalisation but overall we think there will be a lot of growth. On new Mahindra Thar RoxxRajesh Jejurikar: The … Read more
Mahindra & Mahindra on Friday denied report which said that the Indian automaker and China’s Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi’s approval. The automaker called the Reuters report to be ‘unfounded and said that there … Read more
Benchmark equity indices Sensex and Nifty eked out gains in volatile trade to settle at record high levels on Tuesday, extending their gaining streak to the third day. In today’s trade, shares of Maruti, M&M, Tata Consumer, Adani Energy, Vedanta will be in focus due to various news developments and first quarter results. Maruti, M&M, … Read more
The first quarter earnings season is underway and as many as 115 companies will announce their quarterly numbers on Wednesday. Key results to watch out include Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja and Bank of Baroda. Apart from the above, companies like Aster DM Healthcare, Barbeque Nation, Deccan Healthcare, Dynamic Cables, IIFL … Read more
