Nifty gainers and losers: Eicher Motors, Hero MotoCorp soar; Tata Motors, Cipla fall

Indian benchmark indices ended with firm gains on October 6. The Sensex closed 594.91 points or 0.92 percent higher at 64,958.69, and the Nifty jumped 181.20 points or 0.94 percent to 19,411.80. About 2,371 shares advanced, 1290 declined and 166 shares unchanged.

Eicher Motors: Shares of the auto company jumped around 3 percent to close at Rs 3,517.88 after the company on November 2 reported a 3 percent on-year sales growth for October. It sold a total of 84,435 units compared to the 82,435 units sold during the same month last year.

Hero MotoCorp: Shares of the two-wheeler manufacturer ended 2.6 percent higher at Rs 3,169.95 as Prabhudas Lilladher put a 'accumulate' rating on the stock with a target price of 3,575 per share. The brokerage expects the company's margins to improve in the near term from operating leverage, premiumisation, cost controls and stable commodity costs.

Axis Bank: The share of private sector bank jumped over 2 percent to close at Rs 1,010.05. As many as 68 lakh shares changed hands compared to the one-week average of 58 lakh.

L&T: Shares of the infra major rose 2 percent to close at Rs 2,971.7 after one of the company's arm L&T Infrastructure Development Projects said it would divest its entire stake in the wholly-owned subsidiary Interise Investment Managers Limited.

SBI: Shares of the public sector bank fell 0.7 percent to close at Rs 573.95 even after itr reported a 8 percent on-year growth in standalone profit at Rs 14,330 crore on lower provisions and higher other income. Its pre-provision operating profit dropped 8 percent.

HUL: Shares of the FMCG giant fell half a percent to close at Rs 2,496.15 on November 6.

Cipla: Shares of the pharma giant fell 0.26 percent to close at Rs 1203.2 on November 6. It is one of Kotak Securities' top picks for Samvat 2080. The brokerage has an ‘add’ call on stock with a raised target price of Rs 1,320.

Titan: Shares of the Tata Group firm fell 0.14 percent to close at Rs 3,269.8 even as its strong revenue and profit growth in the July-September quarter beat Street estimates. The management’s healthy guidance for the upcoming quarters and festival season trends are keeping analysts bullish on the counter.

Tata Motors: Shares of the auto major fell half a percent to Rs 644. The company recently reported robust September quarter (Q2 FY24) performance as its consolidated net profit came in at Rs 3,764 crore against a net loss of Rs 944 crore in the same period a year ago.

Titan: Shares of the Tata Group firm were trading marginally lower at Rs 3,265.35 even as its strong revenue and profit growth in the July-September quarter beat Street estimates. Management’s healthy guidance for the upcoming quarters, tracking festival season trends, keep analysts remain bullish on the counter.