< -5%

-5% to -3%

Alldigi Tech

Firstsource Sol

eClerx Services

Jupiter Infomed

Reliable Data S

-3% to 0%

WE WIN

Excel Realty

Hinduja Global

Intrasoft Tech

HANDSON GLOBAL

Vakrangee

0% to 3%

Maxgrow India

Triton Corp

One Point One S

Mold Tek Tech

Kandarp Digi

3% to 5%

United Interact

Four investors including Swyom India Alpha Fund and Takht Financial acquired 3.56 percent stake in Jinkushal Industries, the construction machinery exporter, on its market debut on October 3.

<a href="https://www.moneycontrol.com/india/stockpricequote/trading/jinkushalindustries/JIL05">Jinkushal</a> shares fell sharply after opening at Rs 125 against issue price of Rs 121 and locked in 5 percent lower circuit at Rs 118.75 during 10:27 and 14:42 hours IST. The circuit was opened at 14:43 hours IST and the stock gradually gained strength to final settle at Rs 121.66 on the NSE, up 0.55 percent.

Among four investors, Swyom India Alpha Fund has bought additional 4 lakh shares (1.04 percent stake) in Jinkushal at Rs 125 per share, amounting to Rs 5 crore. As per the latest shareholding pattern, Swyom India held 1.13 percent stake in the company.

Further, Wellknown Vinimay bought 2.2 lakh shares in Jinkushal at Rs 124.67 per share, Takht Financial 3.86 lakh shares at Rs 124.97 per share, and Agarwal Nikita 3.6 lakh shares at Rs 125 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-housing/sammaancapital/IHF01">Sammaan Capital</a> remained in focus for another session, which saw 2.68 percent fall to finish at Rs 165.03 after strong rally in the past week. BNP Paribas Financial Markets has acquired 58.98 lakh shares at Rs 164.42 per share, valued at Rs 96.97 crore, especially after International Holding Company through Avenir Investment RSC acquired 43.46 percent stake in Sammaan Capital for Rs 8,850 crore.

The action was also seen in Cube Highways Trust. 360 ONE Real Assets Advantage Fund and 360 ONE Prime bought 1.42 crore units in Cube (1.06 percent stake) at Rs 134 per unit, valued a Rs 190.28 crore.

Meanwhile, <a href="https://www.moneycontrol.com/india/stockpricequote/online-services/eternal/Z">Eternal</a>, the food delivery giant, saw block deals for second straight session. BofA Securities Europe SA acquired 1.08 crore shares (0.11 percent stake) in the company at Rs 329 per share for Rs 355.32 crore, from Goldman Sachs Bank Europe SE - ODI. The stock closed at Rs 328.45, down 0.17 percent.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Four investors including Swyom India Alpha Fund buy 3.56% stake in Jinkushal Industries on its market debut

Four investors including Swyom India Alpha Fund and Takht Financial acquired 3.56 percent stake in Jinkushal Industries, the construction machinery exporter, on its market debut on October 3.

Jinkushal shares fell sharply after opening at Rs 125 against issue price of Rs 121 and locked in 5 percent lower circuit at Rs 118.75 during 10:27 and 14:42 hours IST. The circuit was opened at 14:43 hours IST and the stock gradually gained strength to final settle at Rs 121.66 on the NSE, up 0.55 percent.

Among four investors, Swyom India Alpha Fund has bought additional 4 lakh shares (1.04 percent stake) in Jinkushal at Rs 125 per share, amounting to Rs 5 crore. As per the latest shareholding pattern, Swyom India held 1.13 percent stake in the company.

Further, Wellknown Vinimay bought 2.2 lakh shares in Jinkushal at Rs 124.67 per share, Takht Financial 3.86 lakh shares at Rs 124.97 per share, and Agarwal Nikita 3.6 lakh shares at Rs 125 per share.

Sammaan Capital remained in focus for another session, which saw 2.68 percent fall to finish at Rs 165.03 after strong rally in the past week. BNP Paribas Financial Markets has acquired 58.98 lakh shares at Rs 164.42 per share, valued at Rs 96.97 crore, especially after International Holding Company through Avenir Investment RSC acquired 43.46 percent stake in Sammaan Capital for Rs 8,850 crore.

The action was also seen in Cube Highways Trust. 360 ONE Real Assets Advantage Fund and 360 ONE Prime bought 1.42 crore units in Cube (1.06 percent stake) at Rs 134 per unit, valued a Rs 190.28 crore.

Meanwhile, Eternal, the food delivery giant, saw block deals for second straight session. BofA Securities Europe SA acquired 1.08 crore shares (0.11 percent stake) in the company at Rs 329 per share for Rs 355.32 crore, from Goldman Sachs Bank Europe SE - ODI. The stock closed at Rs 328.45, down 0.17 percent.

Bank Nifty index recovered sharply on Friday, climbing 400 points from the day’s low to trade above the 55,550 level, led by gains in private lenders Axis Bank, Kotak Mahindra Bank among others.

The rebound came after initial profit-booking in the early trade after a massive move post-RBI monetary policy on October 1. Analysts said the Reserve Bank of India’s recent policy initiatives to boost credit growth supported sentiment in the banking space.

"The central bank's initiatives to accelerate credit flow into the economy will be positive for banks. Stronger banks will benefit not only from higher credit growth but also from lower premium for deposit insurance," said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. He added that large-cap banks remain attractive from a medium- to long-term perspective.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB">Kotak Mahindra Bank</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/axisbank/AB16">Axis Bank</a> were among the top gainers in the Nifty50, rising up to 2.5 percent in intraday trade, amid positive outlook from Morgan Stanley.

Morgan Stanley reiterated "overweight" rating on Axis Bank and hiked price target to Rs 1,450 from Rs 1,325, implying an upside of 25%.

"We expect trends in net interest margins, growth and credit costs to turn positive over the next 12 months," said analysts led by Sumeet Kariwala of Morgan Stanley.

Morgan Stanley projected near-term gains for Kotak Mahindra Bank from macro recovery.

The global brokerage reiterates its positive view on the private lender on strong setup and exposure to segments that benefit from macroeconomic recovery such as commercial banking, vehicle finance and unsecured loans

"After two years of headwinds, the bank is now on the front foot with rising disbursements and stable margins," said Morgan Stanley.

It maintained "overweight" rating on the stock at price target of Rs 2,600, implying a 30% upside.

Amruta Shinde, Technical &amp; Derivative Analyst at Choice Equity Broking Private Limited, noted, "The key support is seen at 55,200, with a breakdown below this level likely to drag the index toward 55,000 and 54,800. On the upside, resistance is placed at 55,400–55,500, and a breakout above this zone could extend the rally toward 55,800."

Brokerages also stayed positive on large-cap private banks following the RBI’s latest measures. The central bank has proposed removal of restrictions on overlap of group businesses, a move seen as providing operational flexibility and regulatory clarity to banking groups.

"This should support more efficient capital deployment, sharper customer segmentation and competitive product structuring, thereby enhancing the overall franchise value of these groups," brokerage Motilal Oswal said in a note.

Jefferies said the move could be beneficial for HDFC Bank (and HDB Financial Services) as well as Kotak Bank and Axis Bank, which have NBFC subsidiaries. Nuvama Institutional Equities added that Kotak Mahindra Bank, HDFC Bank-HDB Financial, Canfin Homes, PNB Housing and Bajaj Finance could see some relief.

<a href="https://www.moneycontrol.com/news/business/markets/rbi-eases-rules-brokerages-bet-on-private-banks-with-stronger-capital-base-13595055.html" target="_blank">RBI eases rules, brokerages bet on private banks with stronger capital base</a>

The PSU Bank index also gained nearly 1 percent. Canara Bank shares advanced after its subsidiary, Canara HSBC Life Insurance Company Ltd, received <a href="https://www.moneycontrol.com/news/business/ipo/canara-bank-subsidiary-ipo-canara-hsbc-life-insurance-co-gets-sebi-nod-for-updated-drhp-13595357.html" target="_blank">markets regulator Sebi’s nod for its Updated Draft Red Herring Prospectus (UDRHP) for the proposed initial public offering.</a>

Among other movers, AU Small Finance Bank rose more than 2 percent, while Punjab National Bank and Canara Bank gained up to 1.5 percent in the Bank Nifty index.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Bank Nifty recovers 400 pts from day's low, led by Axis, Kotak Mahindra Bank; here are the key triggers

Bank Nifty index recovered sharply on Friday, climbing 400 points from the day’s low to trade above the 55,550 level, led by gains in private lenders Axis Bank, Kotak Mahindra Bank among others.

The rebound came after initial profit-booking in the early trade after a massive move post-RBI monetary policy on October 1. Analysts said the Reserve Bank of India’s recent policy initiatives to boost credit growth supported sentiment in the banking space.

&quot;The central bank's initiatives to accelerate credit flow into the economy will be positive for banks. Stronger banks will benefit not only from higher credit growth but also from lower premium for deposit insurance,&quot; said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. He added that large-cap banks remain attractive from a medium- to long-term perspective.

Kotak Mahindra Bank and Axis Bank were among the top gainers in the Nifty50, rising up to 2.5 percent in intraday trade, amid positive outlook from Morgan Stanley.

Morgan Stanley reiterated &quot;overweight&quot; rating on Axis Bank and hiked price target to Rs 1,450 from Rs 1,325, implying an upside of 25%.

&quot;We expect trends in net interest margins, growth and credit costs to turn positive over the next 12 months,&quot; said analysts led by Sumeet Kariwala of Morgan Stanley.

Morgan Stanley projected near-term gains for Kotak Mahindra Bank from macro recovery.

The global brokerage reiterates its positive view on the private lender on strong setup and exposure to segments that benefit from macroeconomic recovery such as commercial banking, vehicle finance and unsecured loans

&quot;After two years of headwinds, the bank is now on the front foot with rising disbursements and stable margins,&quot; said Morgan Stanley.

It maintained &quot;overweight&quot; rating on the stock at price target of Rs 2,600, implying a 30% upside.

Amruta Shinde, Technical &amp;amp; Derivative Analyst at Choice Equity Broking Private Limited, noted, &quot;The key support is seen at 55,200, with a breakdown below this level likely to drag the index toward 55,000 and 54,800. On the upside, resistance is placed at 55,400–55,500, and a breakout above this zone could extend the rally toward 55,800.&quot;

Brokerages also stayed positive on large-cap private banks following the RBI’s latest measures. The central bank has proposed removal of restrictions on overlap of group businesses, a move seen as providing operational flexibility and regulatory clarity to banking groups.

&quot;This should support more efficient capital deployment, sharper customer segmentation and competitive product structuring, thereby enhancing the overall franchise value of these groups,&quot; brokerage Motilal Oswal said in a note.

Jefferies said the move could be beneficial for HDFC Bank (and HDB Financial Services) as well as Kotak Bank and Axis Bank, which have NBFC subsidiaries. Nuvama Institutional Equities added that Kotak Mahindra Bank, HDFC Bank-HDB Financial, Canfin Homes, PNB Housing and Bajaj Finance could see some relief.

RBI eases rules, brokerages bet on private banks with stronger capital base

The PSU Bank index also gained nearly 1 percent. Canara Bank shares advanced after its subsidiary, Canara HSBC Life Insurance Company Ltd, received markets regulator Sebi’s nod for its Updated Draft Red Herring Prospectus (UDRHP) for the proposed initial public offering.

Among other movers, AU Small Finance Bank rose more than 2 percent, while Punjab National Bank and Canara Bank gained up to 1.5 percent in the Bank Nifty index.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Tata Investment Corporation shares surged 12 percent to a record high on Friday, extending their winning streak for the fifth straight session, ahead of the opening of Tata Capital’s initial public offering (IPO) next week.

The stock climbed 11.98 percent to touch an intraday peak of Rs 11,847 apiece on the NSE. It has gained nearly 35 percent since September 26, when Tata Capital fixed the IPO date. However, shares pared the early gains to trade lower at Rs 10,075 per share on the NSE, down 4.77 percent.

Tata Investment Corp owns 2.2 percent of Tata Capital. And Tata Sons holds nearly 93 percent stake in the non-bank lender.

Investor sentiment was buoyed by optimism that the Tata Capital IPO may unlock value and boost the group’s presence in the listed financial services space.

Investor sentiment has also been buoyed by <a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/tatainvestmentcorporation/TIC">Tata Investment Corporation</a> decision to split its shares in the ratio of 1:10. The record date for the stock split has been fixed as October 14. Post-split, the face value of each share will be reduced from Rs 10 to Re 1, a move aimed at improving liquidity and making the stock more affordable for retail investors.

Tata Capital, a non-banking financial company of the Tata Group, is launching its Rs 15,512-crore IPO on October 6, with subscriptions closing on October 8. The price band has been set at Rs 310-326 per share, valuing the company at about Rs 1.38 lakh crore at the upper end. The anchor book bidding will open on October 3.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Tata Investment Corp shares rise 12% to hit fresh high, extend gains to 35% in 5 days, as Tata Capital IPO opens on Monday

Tata Investment Corporation shares surged 12 percent to a record high on Friday, extending their winning streak for the fifth straight session, ahead of the opening of Tata Capital’s initial public offering (IPO) next week.

The stock climbed 11.98 percent to touch an intraday peak of Rs 11,847 apiece on the NSE. It has gained nearly 35 percent since September 26, when Tata Capital fixed the IPO date. However, shares pared the early gains to trade lower at Rs 10,075 per share on the NSE, down 4.77 percent.

Tata Investment Corp owns 2.2 percent of Tata Capital. And Tata Sons holds nearly 93 percent stake in the non-bank lender.

Investor sentiment was buoyed by optimism that the Tata Capital IPO may unlock value and boost the group’s presence in the listed financial services space.

Investor sentiment has also been buoyed by Tata Investment Corporation decision to split its shares in the ratio of 1:10. The record date for the stock split has been fixed as October 14. Post-split, the face value of each share will be reduced from Rs 10 to Re 1, a move aimed at improving liquidity and making the stock more affordable for retail investors.

Tata Capital, a non-banking financial company of the Tata Group, is launching its Rs 15,512-crore IPO on October 6, with subscriptions closing on October 8. The price band has been set at Rs 310-326 per share, valuing the company at about Rs 1.38 lakh crore at the upper end. The anchor book bidding will open on October 3.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Capital market regulator Sebi has approved <a href="https://www.moneycontrol.com/india/stockpricequote/finance-others/nuvamawealthmanagement/NWML">Nuvama Wealth Management's</a> application seeking to act as a sponsor to set up a mutual fund, the company informed exchanges through a filing, sending the shares higher by more than 4 percent on October 3.

"We are pleased to inform that SEBI vide letter dated October 1, 2025, has granted approval to the Company to act as the sponsor and set up the proposed Nuvama Mutual Fund," the statement said. a final approval for registration of the mnutual fund will be granted subject to fulfilment of the stipulated requirements.

Nuvama's Request for MF Sponsorship

In January 2025, the company had informed exchanges about the application seeking approval to act as the sponsor for Nuvama Mutual Fund. This would enable it to launch mutual funds as well as Specialized Investment Fund (SIF).

On YTD basis, Nuvama's shares are flat but are higher by 10 percent over the last one year.

The Mutual Fund Boom

India's mutual fund AUM is currently around 20% of the GDP as against over 100% in mature markets, however, it has tripled in the last five years on the rise of systematic investment plans and a surge in retail participation. The number of demat accounts stand at over 20 crore as of mid-2025.

A strong GDP growth, rise in entrepreneurship and generational wealth transfers have increased the HNWIs and affluent households in India, making it increasingly visible in beyond-tier-30 (B30) cities. "In B30 markets, a large untapped pool of affluent households still manages financial assets themselves or invests heavily in traditional categories such as bank deposits, representing significant conversion potential to professional wealth services," Nuvama had recently said. India’s mutual fund industry has risen to Rs 74 lakh crore in AUM as of June 2025, riding on strong retail inflows, and SIPs exceeding well over Rs 20,000 crore per month, underscoring a deeper penetration beyond metro cities.

Factors Fuelling the Rise

"...technology upgrades, including T+1 settlement, straight-through processing, and cloud-based platforms, are
enabling greater scale, efficiency, and new product support. An evolving regulatory framework is further
reinforcing the role of regulated, well-capitalised service providers. Together, these factors position incumbents
and specialist players to capitalise on a multi-year growth runway in India’s markets infrastructure business," Nuvama said. Sebi's move to lower the minimum SIP amount to just Rs 250 too has made investing significantly more accessible.

FY25 marked nearly one crore new MF investors joining in a single year, underscoring a broadening of the financial inclusion. However, despite more than 73 crore Permanent Account Numbers (PAN), India's mutual fund investor base stands at just over 5 crore, underscoring the headroom for growth.

Nuvama Wealth rallies over 4 percent on Sebi's nod to sponsor a mutual fund

Capital market regulator Sebi has approved Nuvama Wealth Management's application seeking to act as a sponsor to set up a mutual fund, the company informed exchanges through a filing, sending the shares higher by more than 4 percent on October 3.

&quot;We are pleased to inform that SEBI vide letter dated October 1, 2025, has granted approval to the Company to act as the sponsor and set up the proposed Nuvama Mutual Fund,&quot; the statement said. a final approval for registration of the mnutual fund will be granted subject to fulfilment of the stipulated requirements.

Nuvama's Request for MF Sponsorship

In January 2025, the company had informed exchanges about the application seeking approval to act as the sponsor for Nuvama Mutual Fund. This would enable it to launch mutual funds as well as Specialized Investment Fund (SIF).

On YTD basis, Nuvama's shares are flat but are higher by 10 percent over the last one year.

The Mutual Fund Boom

India's mutual fund AUM is currently around 20% of the GDP as against over 100% in mature markets, however, it has tripled in the last five years on the rise of systematic investment plans and a surge in retail participation. The number of demat accounts stand at over 20 crore as of mid-2025.

A strong GDP growth, rise in entrepreneurship and generational wealth transfers have increased the HNWIs and affluent households in India, making it increasingly visible in beyond-tier-30 (B30) cities. &quot;In B30 markets, a large untapped pool of affluent households still manages financial assets themselves or invests heavily in traditional categories such as bank deposits, representing significant conversion potential to professional wealth services,&quot; Nuvama had recently said. India’s mutual fund industry has risen to Rs 74 lakh crore in AUM as of June 2025, riding on strong retail inflows, and SIPs exceeding well over Rs 20,000 crore per month, underscoring a deeper penetration beyond metro cities.

Factors Fuelling the Rise

&quot;...technology upgrades, including T+1 settlement, straight-through processing, and cloud-based platforms, are
enabling greater scale, efficiency, and new product support. An evolving regulatory framework is further
reinforcing the role of regulated, well-capitalised service providers. Together, these factors position incumbents
and specialist players to capitalise on a multi-year growth runway in India’s markets infrastructure business,&quot; Nuvama said. Sebi's move to lower the minimum SIP amount to just Rs 250 too has made investing significantly more accessible.

FY25 marked nearly one crore new MF investors joining in a single year, underscoring a broadening of the financial inclusion. However, despite more than 73 crore Permanent Account Numbers (PAN), India's mutual fund investor base stands at just over 5 crore, underscoring the headroom for growth.

Auto stocks faced profit-booking on October 3 after recent gains. Shares of TVS Motor, Mahindra &amp; Mahindra (M&amp;M), Bajaj Auto, Hero MotoCorp, Maruti Suzuki, Eicher Motors, and Ashok Leyland slipped up to 2 percent even as September sales data reflected strong demand following GST rate cuts and the onset of the festive season.

The Nifty Auto index lost steam after a two-day run, with 10 of its 15 stocks in the red.

<a href="https://www.moneycontrol.com/news/business/markets/sensex-slips-over-150-pts-nifty-below-24-800-metals-extend-rally-autos-slip-13594893.html">Catch all the market action on our LIVE blog</a>

Maruti Suzuki, India’s largest carmaker, reported a 9.1 percent rise in domestic wholesales to 1.4 lakh units. Its bookings crossed 3.5 lakh in September, up 35 percent from last year, while retail sales rose 27.5 percent year-on-year to 1.7 lakh units. Tata Motors climbed to second place in the domestic passenger vehicle market, overtaking M&amp;M and Hyundai.

Hyundai sold around 70,000 units, growing 10 percent from last year, mainly driven by a sharp 44 percent jump in exports, though domestic volumes stayed flat. M&amp;M’s utility vehicle sales rose 10 percent to 56,000 units, though wholesales were partly impacted by logistics issues. Retail sales for M&amp;M, however, surged 60 percent year-on-year in the first nine days of the festive season.

In the two-wheeler space, September sales were mixed but overall posted 11 percent growth. Bajaj Auto’s sales rose 9 percent to 5.1 lakh units, while TVS Motor maintained momentum with a 12 percent rise to 5.41 lakh units. Hero MotoCorp’s sales were up 8 percent to 6.87 lakh units, broadly in line with expectations. Royal Enfield recorded its best-ever festive performance with sales of 1.24 lakh units, up 43 percent from last year.

Analysts at Motilal Oswal said retail sales in September were strong across categories due to GST cuts and pent-up demand, with a notable pick-up in entry-level vehicles. They expect discounts to ease after the festive season as demand strengthens. The brokerage named Maruti Suzuki as its top pick, citing new launches and export momentum, while highlighting M&amp;M as another key beneficiary given growth in tractors and utility vehicles.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Nifty Auto eases after 2-day rally as investors book profits on strong September sales

Auto stocks faced profit-booking on October 3 after recent gains. Shares of TVS Motor, Mahindra &amp;amp; Mahindra (M&amp;amp;M), Bajaj Auto, Hero MotoCorp, Maruti Suzuki, Eicher Motors, and Ashok Leyland slipped up to 2 percent even as September sales data reflected strong demand following GST rate cuts and the onset of the festive season.

The Nifty Auto index lost steam after a two-day run, with 10 of its 15 stocks in the red.

Catch all the market action on our LIVE blog

Maruti Suzuki, India’s largest carmaker, reported a 9.1 percent rise in domestic wholesales to 1.4 lakh units. Its bookings crossed 3.5 lakh in September, up 35 percent from last year, while retail sales rose 27.5 percent year-on-year to 1.7 lakh units. Tata Motors climbed to second place in the domestic passenger vehicle market, overtaking M&amp;amp;M and Hyundai.

Hyundai sold around 70,000 units, growing 10 percent from last year, mainly driven by a sharp 44 percent jump in exports, though domestic volumes stayed flat. M&amp;amp;M’s utility vehicle sales rose 10 percent to 56,000 units, though wholesales were partly impacted by logistics issues. Retail sales for M&amp;amp;M, however, surged 60 percent year-on-year in the first nine days of the festive season.

In the two-wheeler space, September sales were mixed but overall posted 11 percent growth. Bajaj Auto’s sales rose 9 percent to 5.1 lakh units, while TVS Motor maintained momentum with a 12 percent rise to 5.41 lakh units. Hero MotoCorp’s sales were up 8 percent to 6.87 lakh units, broadly in line with expectations. Royal Enfield recorded its best-ever festive performance with sales of 1.24 lakh units, up 43 percent from last year.

Analysts at Motilal Oswal said retail sales in September were strong across categories due to GST cuts and pent-up demand, with a notable pick-up in entry-level vehicles. They expect discounts to ease after the festive season as demand strengthens. The brokerage named Maruti Suzuki as its top pick, citing new launches and export momentum, while highlighting M&amp;amp;M as another key beneficiary given growth in tractors and utility vehicles.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

BPO/ITeS Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the BPO/ITeS industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Four investors including Swyom India Alpha Fund buy 3.56% stake in Jinkushal Industries on its market debut

Bank Nifty recovers 400 pts from day's low, led by Axis, Kotak Mahindra Bank; here are the key triggers

Tata Investment Corp shares rise 12% to hit fresh high, extend gains to 35% in 5 days, as Tata Capital IPO opens on Monday

Nuvama Wealth rallies over 4 percent on Sebi's nod to sponsor a mutual fund

Nifty Auto eases after 2-day rally as investors book profits on strong September sales

BPO/ITeS Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the BPO/ITeS industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Four investors including Swyom India Alpha Fund buy 3.56% stake in Jinkushal Industries on its market debut

Bank Nifty recovers 400 pts from day's low, led by Axis, Kotak Mahindra Bank; here are the key triggers

Tata Investment Corp shares rise 12% to hit fresh high, extend gains to 35% in 5 days, as Tata Capital IPO opens on Monday

Nuvama Wealth rallies over 4 percent on Sebi's nod to sponsor a mutual fund

Nifty Auto eases after 2-day rally as investors book profits on strong September sales

BPO/ITeS Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the BPO/ITeS industry stocks.