The company expects to outperform the 7-8 per cent growth in the domestic 2W industry on the back of growth in the 125cc+ segment and the launch of CNG motorcycle 'Freedom 125'
Analysts anticipate robust double-digit revenue growth driven by ongoing volume recovery, particularly in rural areas.
A combined 1.58 million shares changed hands in trade on Monday, July 15, and there were pending buy orders for 180,000 shares on the NSE and BSE, data showed
Auto stocks in focus: Maruti down 6 per cent in last 2 months; trading strategies for Maruti, Tata Motors and M&M as UP government waives-off registration fee on hybrid cars.
Sharda Motor hit a new high of Rs 2,618.80, surging 19% on the NSE in intra-day trade; has zoomed 31% in 4 days after promoter sold nearly 9% stake in the auto ancillary company via open market.
The company came out with a Rs 3,000-crore IPO in August 2021, where it sold shares at Rs 1,618 apiece
Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges
Overall, Tata Motors is targeting strong double-digit margins and aims to generate healthy positive FCF going ahead.
Amara Raja Energy & Mobility rallied 14% to hit a new high of Rs 1,449.55 on the BSE in Friday's intra-day trade backed by heavy volumes on healthy business outlook.
At 10:40 am; Nifty Bank, Nifty Financial Services, Nifty Private Bank, Nifty PSU Bank, Nifty Auto and Nifty Realty index were up in the range of 0.60% to 1.07%.
The Nifty IT Index is currently trading at 34,023.80, displaying a range-bound pattern in the near term
Analysts expect the 2-wheeler industry to have a healthy growth in FY25
Shares of Hero MotoCorp hit a new high of Rs 5,349, surging nearly 4% on the NSE in Tuesday's intra-day trade, as compared to 5.8% decline in the Nifty 50.
Shares of Mahindra and Mahindra (M&M) zoomed 5.9 per cent, hitting its 52-week high at Rs 2,654 per share on the BSE in today's intraday trade
Samvardhana Motherson share: Samvardhana Motherson is emerging as the key beneficiary of the growing popularity of electric vehicles (EVs) and the rising trend of premiumisation across segments
Valuations are high in companies in defense, railways, engineering, new energy, and the power sectors, Parekh of DSP Mutual Fund said in an exclusive interview
Bosch's net profit rose 41.5 per cent on a year-on-year (Y-o-Y) basis to Rs 564 crore, from Rs 399 crore in the same quarter a year ago (Q4FY23)
M&M is looking at expanding monthly UV capacity to 64,000 units by FY25-end and 72,000 units by FY26-end, from the present level of 49,000 units
Mahindra & Mahindra's market capitalisation touched Rs 3.18 trillion in Friday's intra-day trade on the BSE.
Auto stocks: Thus far in the calendar year 2024, the BSE Auto index has rallied 23 per cent as against 1.1 per cent gain in the S&P BSE Sensex