TVS Motor, which manufactures two-wheeler and three-wheeler vehicles, has registered a 25 per cent growth in sales in April, having sold 3,83,615 units this year compared to 3,06,224 units during the same month last year, the company said on Wednesday. Sales of total two-wheelers made in April this year went up by 27 per cent … Read more
Tracking the Asian peers, equity indices climbed nearly 1% each on Monday. The 30-share Sensex climbed 560 points to settle at 73,648 and the Nifty went up 189 points to 22,336. Stocks that were in focus included names like TVS Motor, which rose 2.22%, Berger Paint, which increased 0.7%, and Tata Communication, whose shares declined … Read more
Brokerage Citigroup maintained a buy rating on HDFC Life, and JPMorgan remained overweight on Bajaj Auto and Infosys. Citigroup recommended a sell on TVS Motor. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on HDFC Life: Buy| Target Rs 710 Citigroup maintained a buy rating on … Read more
Mumbai: Most auto company stocks made fresh highs on Monday in anticipation of strong March quarter results from them. Traders created fresh bullish bets on auto stock futures as the recent outperformance is expected to continue through the current valuations may be reflecting most of the optimism around the share prices. Maruti Suzuki, Mahindra & … Read more
Mumbai: Two- and three-wheeler maker TVS Motor Co has appointed two new independent directors, subject to approval of shareholders. The two new board members are Chennai-based Sanmar Group’s chairman Vijay Sankar, and Shailesh Haribhakti of Shailesh Haribhakti & Associates, the company said in a press release. Meanwhile, Kuok Meng Xiong will step down as independent … Read more
The electric two-wheeler (E2W) market in India saw a significant surge in registrations during February 2024, indicating a robust 24% year-on-year growth in high-speed scooters. According to data sourced from Vahan, this surge reflects the growing traction of electric vehicles in the country, with key players making strides in this evolving sector. In February, registrations … Read more
Indian market is expected to open higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.28% at 21983 levels on Thursday. India VIX was down by 4.65% from 16.33 to 15.57 levels. Volatility cooled off after steaming in the entire week and paved the way for the bulls in … Read more
TVS Mobility on Monday said it has formed a joint venture with the Japanese conglomerate Mitsubishi Corporation to establish a comprehensive vehicle mobility ecosystem in India. As part of the collaboration, Mitsubishi Corporation will initially invest Rs 300 crore with both parties committed to support the growth of the joint venture. This investment is intended … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed positive with gains of 0.38% at 22089 levels on Friday. India VIX closed flattish near 15.22 levels. Volatility has been cooling down from the last four sessions and comforted the bulls to utilise any small declines at record-high … Read more
Equity indices climbed for the fourth straight session on Friday. The 30-share Sensex surged 376 points to close at 72,426 and the broader Nifty also rose 129 points to end at 22,040. Stocks that were in focus included names like TVS Motor, which rose 2.25%, KPI Green, which jumped 5%, and Oil India, whose shares … Read more
