The data from Indian Mutual Fund Tracker by Motilal Oswal shows that in January, six of the top 10 stocks that saw the maximum increase in value were ICICI Bank, Axis Bank and SBI
Adani Wilmar, Coal India, Dish Tv, Eicher Motors, Grasim, Medplus Health, MTNL, Nagarjuna Fertilizers, PC Jeweller, Railtel, Rajesh Exports, Spandana Sphoorty and SpiceJet to announce results today.
At 10:31 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Realty indices were up 1 per cent, against a 0.5 per cent gain in the benchmark Nifty50 index
At 10:42 am; Nifty Auto index, the top gainer among sectoral indices, was up 1.6 per cent, as compared to 0.39 per cent decline in the Nifty50 index.
This acquisition furthers TVS Motor's commitment towards e-personal mobility products, the company said.
Budget 2022 can spark much awaited upside in the EV related stocks
Hero MotoCorp is gearing up to unveil its first electric vehicle (EV) in March this year.
HDFC Bank and HCL Technologies are likely to react to Q3 numbers this morning. While the former reported 18 per cent YoY growth in net, the latter too beat Street expectations.
The company has aquired 51% stake in JBM Green Energy Systems and JBM EV Industries through its subsidiary JBM Electric Vehicles.
The stock has been in demand after the company's arm Greaves Electric Mobility reported strong sales for December 2021
Vijay Kedia acquired 2.27 per cent stake, while Sanjay Dugar bought 1.09 per cent stake in Talbros Automotive in the December quarter
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Price hikes, running costs and supply side pressures are the key concerns
Going ahead, analysts at Motilal Oswal Financial Services see easing semiconductor supplies supporting PV wholesales, but the two-wheeler segment will take time to recover
Automobile shares may breakout after crossing significant resistances
Royal Enfield brand reported 43 per cent rise in month-on-month sales of 73,739 units in the month of December 2021.
Auto stocks are likely to be in focus as the stocks could react to the monthly sales numbers.
Minda Industries hit a record high of Rs 1,179, rallied 7% in intra-day trade today, surged 37% in past 11 trading days as the company announced a fresh round of capex and investment spends.
The board of directors of the company is scheduled to meet on Wednesday, December 8, 2021 to consider and approve the proposal of sub-division of company's equity shares having face value of Rs 5 each
Traders may keep positions light owing to the weekend factor as uncertainty lingers around the threat of Omicron variant