BUSINESS
Tata Motors aims for one lakh EV sales in FY24, says top executive
Tata Motors has sought incentives for its Tiago EV under the government’s production-linked incentive scheme. The firm has applied for all variants of the Tiago, which recently hit a sales milestone of 10,000 units
BUSINESS
Hero MotoCorp falls 3% after ED raids Pawan Munjal's residence
Directorate of Revenue Intelligence apprehended a close associate of Pawan Munjal for carrying undeclared foreign currency.
BUSINESS
Gainers & Losers: 10 stocks that moved the most on August 1
As many as 2,027 shares advanced, 1,438 shares declined, and 160 shares remained unchanged.
BUSINESS
Maruti Suzuki Q1 Preview: Net profit may zoom 142% on volume growth, sales mix
The company is also going to give commentary about its new launches in the sports utility vehicle (SUV) space. With new launches such as Jimny, Fronx, and Invicto, Maruti has an appetite to capture the SUV pie.
BUSINESS
Motilal Oswal financial services report 17-fold surge in net profit
The asset under management business (AUM) across mutual funds, portfolio management services and alternative investment funds grew to rs 51,250 crore up nearly 20 percent from the same quarter last year.
BUSINESS
Home First Q1 results: Net profit up 35% to Rs 69 crore
The company's asset under management (AUM) stood at Rs 7,776 crore, marking an increase of 33.3 percent from the year-ago period.
BUSINESS
Nippon Life India AMC Q1 results: Net profit up 107% to Rs 236 crore
Nippon Life India AMC Q1 earnings: The company's board has approved a final dividend of Rs 7 per equity share
BUSINESS
M&M tanks 6% as RBL stake buy disappoints street
RBL Bank has had a tough time in the last couple of years. Vishwavir Ahuja stepped down as its MD & CEO in December 2021 after the Reserve Bank of India (RBI) decided against extending his term.
BUSINESS
Mid-caps in capital goods, defence, EMS, renewables may disappoint
In many cases, eventual outcomes turned out to be disappointing versus the market’s initial narrative of strong growth and high profitability for a long period of time, analysts said
BUSINESS
JSW Steel Q1: Net profit surges 189% to Rs 2,428 crore, tops estimate
Analysts had pegged the company's net profit at Rs 770 crore, reflecting a slide of 8 percent year-on-year.
BUSINESS
Auto sector Q1 preview: EBITDA margins set to jump on price hikes, fall in input costs
Maruti Suzuki and Tata Motors are likely to perform well in passenger cars while Bajaj Auto may significantly outperform the domestic 2W industry, say analysts.
BUSINESS
Can Maruti’ SUV drive trigger renewed optimism in the stock?
New product launches by Mahindra, Hyundai, and Tata Motors are largely done with. For Maruti Suzuki, the product cycle has just started
BUSINESS
Utkarsh Small Finance Bank IPO subscribed 16.2 times, retail portion 36.66 times on Day 2
Reliance Securities recommended 'subscribe' to the public issue because it believes that the bank is in constant efforts to improve its business with deeper insights into customer trends and develop customised products for its various user segments.
BUSINESS
Utkarsh Small Finance Bank IPO booked 4.73 times, retail portion 13.75 times on Day 1
Utkarsh SFB was incorporated as an NBFC in FY10 with a core focus on micro finance loans to underserved segments and in particular in the states of Uttar Pradesh and Bihar.
BUSINESS
Vedanta share price dips 2% after Foxconn exits $19 billion semiconductor JV
Foxconn and Vedanta had previously entered into an agreement last year to establish semiconductor and display manufacturing facilities in Gujarat.
BUSINESS
Tata Motors, Ashok Leyland top picks as Motilal Oswal backs CVs on stable outlook
Freight rates have generally remained steady without significant fluctuations.
BUSINESS
Motilal Oswal expects Jindal Steel to become mega producer, sees 27% upside
The company has undertaken capital expenditure worth Rs 24,000 crore to expand crude steel capacity by 66 percent to 15.9mt
BUSINESS
Motilal Oswal bullish on Tube Investments as verticals bounce back, sees 11% upside
Expectations of positive recovery across segments for Tube Investment has made MOFSL bullish on the company.
BUSINESS
Mankind Pharma gains as Kotak initiates coverage with 'add' call
While its attractive pricing has slightly narrowed, the brokerage firm has said that Mankind Pharma's products are still priced at a 21 percent discount to major rivals
BUSINESS
Bajaj Consumer launches 100% Henna product to revive hair care segment
Key downside risks are overreliance on a single brand – ADHO and continuity in inflationary environment. ICICI has also cut earnings estimates of the company by 5 percent for FY24-25.
BUSINESS
Kotak downgrades DLF on high ask price and SEZ vacancy
BUSINESS
Motilal Oswal red-flags Zensar’s bleak prospects; downgrades it to 'neutral'
Brokerage sees global recessionary fears denting growth for the tech company in FY24. The near-term catalysts are already priced into the stock and it is trading at full valuation, leaving little room for a further upside, the brokerage said.
BUSINESS
Tata Motors' JLR poised for strong growth; stock gains 7% in 10 sessions
Tata Motors' luxury car unit expects annual revenues to substantially rise to £28 billion in fiscal 2024 while domestic business is benefiting from a strong demand cycle.
BUSINESS
Tarsons to tread on a long runway of growth says LKP Securities
Increasing presence in the domestic market, and growing opportunities in the export business are some reasons that make LKP Securities bullish on Tarsons Products.
