State Bank of India Share Price 675.25 04:03 PM | 07 Feb 2024 25.00(3.85%) Grasim Industries. Share Price 2111.50 04:03 PM | 07 Feb 2024 45.50(2.21%) JSW Steel. Share Price 836.60 04:03 PM | 07 Feb 2024 17.86(2.19%) HDFC Life Insurance Company. Share Price 605.15 04:03 PM | 07 Feb 2024 12.40(2.10%) Axis Bank. Share … Read more
Brokerage firm CLSA maintained a buy rating on Tata Motors, Jefferies recommended a buy on SBI, CLSA downgraded LIC Housing to outperform and Motilal Oswal maintained a buy rating on Aditya Birla Capital. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Tata Motors: Buy| Target … Read more
With company ramping up production of Range Rover and Defender, the volume for full fiscal is expected to rise 24% to 400,000 units and another 6-7% next fiscal. Synopsis The operating profit of the JLR surged 5.12 percentage points on a YoY basis to 8.8% in December quarter, taking the nine-month margin to 8.2%, driven … Read more
India’s leading carmakers reported their best-ever monthly sales in the local market growing volumes by more than 13% to 394,571 units in January as dealers filed in inventories depleted during year-end sales.Prior to this, passenger vehicle sales had peaked at 391,811 units in October 2023. Industry volumes were buoyed by market leaders Maruti Suzuki, Hyundai … Read more
The Indian market is expected to remain volatile on the Interim Budget Day. The S&P BSE Sensex rose more than 600 points while the Nifty50 reclaimed 21,700 levels, a day ahead of the Interim Budget. The Nifty future closed positive with gains of 0.72% at 21786 levels on Wednesday. India VIX was down by 0.31% … Read more
Maruti Suzuki India, the country’s top carmaker by sales, is facing some logistical challenges due to traffic disruption in the Red Sea, a company executive said on Wednesday. “The time of dispatches may change and there may be some uncertainty in vessels coming and picking up their consignments,” Rahul Bharti, Maruti’s investor relations chief, said … Read more
India’s enduring fascination for sport-utility vehicles (SUVs) is showing no signs of slowing down, fuelled by their practicality, spacious interiors, perceived safety, and an ever-expanding lineup of new models to entice buyers. About 16 passenger vehicle models crossed the 100,000-unit sales mark each in calendar year 2023. More than half of them were SUVs. Maruti … Read more
New Delhi: India’s growing fascination with sunroofs has boggled carmakers, who are now offering the feature in half of all new cars on sale in the local market to meet this burgeoning consumer demand. Once considered a luxury feature, currently more than one out of every four cars sold in the local market is equipped … Read more
Indian auto maker Tata Motors on Sunday announced price hike across models including Electric Vehicles (EVs) effective from February 1, 2024. The company is set to increase prices by 0.7 per cent (on average) across its passenger vehicles portfolio to partially offset the rise in input costs. Notably, the Tata group company had announced a … Read more
Only zero emission cars can contribute towards a reduction in air pollution, cutting burgeoning fuel imports and attaining net zero targets, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. Amid demands from a certain section of the industry to cut taxes levied on hybrid cars, Chandra said that such vehicles do not align … Read more
