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Source: Live Mint Although first three-quarters’ growth was not too promising with 6.2 percent in Dec quarter – it was somewhat expected since it was an election year, explains Dr Rumki Majumdar (PhD), economist at Deloitte. She speaks about the current volatility in the financial market and deconstructs to explain what it reflects on the…
Source: Live Mint Jefferies has expressed a positive outlook on the Indian automobile sector, identifying Mahindra & Mahindra (M&M), Eicher Motors, and TVS Motor as its top three investment picks. The brokerage expects a robust growth trajectory for two-wheelers and tractors, projecting a compound annual growth rate (CAGR) of 13-15 per cent over the next…
Source: Live Mint The Indian Passenger Vehicle (PV) industry experienced a subdued September quarter, with Original Equipment Manufacturers (OEMs) reporting varied performance in terms of volume growth and margin trajectories. Industry wholesales, including exports, declined by 1% year-on-year (YoY) during the July-September 2024 quarter. The competitive dynamics within the sector have undergone significant shifts in…
Source: Live Mint In the special Muhurat trading session held on Friday, November 1, the Nifty Auto index closed over 1 percent higher, buoyed by a recovery in auto sales reported for October 2024. The festive momentum was reflected across the market, with Nifty Auto rising as much as 1.24 percent to 23,805.60, outperforming the…
Source: Live Mint Shares of Mahindra & Mahindra (M&M) surged over 3 percent during the special Muhurat trading session on Friday, following the company’s record-breaking SUV sales in October 2024. M&M achieved its highest-ever domestic SUV sales, delivering 54,504 vehicles, marking a robust 25 percent year-on-year growth in the SUV segment. The company’s total sales…
Source: Business Standard 4 min read Last Updated : Oct 14 2024 | 11:41 AM IST Bajaj Auto Q2FY25 preview: Automobile major Bajaj Auto will announce its September quarter of financial year 2025 (Q2FY25) results on Wednesday, October 16, 2024. Analysts are optimistic about major revenue growth, driven by robust volume increases and effective…
Source: Live Mint Global brokerage house Phillip Capital, in a recent note, observed that it has witnessed sectoral shifts within the Nifty and broader Indian equity markets, focusing on changes over both long and short terms. According to the report, investment-oriented sectors, including cement and building materials, gained considerable traction post the Covid-19 pandemic and…
Source: Business Standard Tech majors had a combined market cap of Rs 15.9 trillion on Friday, up from Rs 14.9 trillion at the beginning of January this year 3 min read Last Updated : Sep 12 2024 | 6:26 AM IST Nifty IT Index The Nifty IT Index is currently range-bound between 43,000…
