The FinTech Hub
Source: Live Mint Shares of Bajaj Auto, one of the leading manufacturers of two-wheelers, fell nearly 2% in trade on Thursday, November 28 to hit a 4-month low of ₹9,013 per share. In intra-day trade, the stock briefly gave up the ₹9,000 level to trade at ₹8,992 apiece. The stock has been on a downward…
Source: Live Mint Indian auto stocks have been among the biggest casualties of the recent market sell-off. A combination of factors, including weak demand from urban consumers, rising inventory levels, a drop in UV sales, ongoing weakness in the entry-level car segments and a cautious outlook for FY25 from car manufacturers, has shaken investor confidence….
Source: Live Mint Shares of Samvardhana Motherson International (SAMIL), the flagship company of the Samvardhana Motherson Group, have made remarkable strides on Dalal Street this year, setting new records and surpassing significant milestones. This impressive performance has translated into substantial returns for shareholders. So far this year, the company’s shares have surged from ₹103 to…
Source: Live Mint Sales of two-wheelers have demonstrated robust growth in September, achieving double-digit increases, bolstered by a notable surge in electric two-wheeler sales and improvement in the exports. Leading brands like Hero MotorCorp, Bajaj, TVS Motor Co, and Honda Two-Wheelers all reported positive growth compared to their performance in September 2023. In contrast, passenger…
Source: Live Mint Indian auto stocks have made a strong comeback in recent sessions, following a period of significant underperformance throughout August and early September. The recent rally has been largely driven by two-wheeler stocks, buoyed by expectations of improvement in sales during the ongoing festive season and good rainfall across India. Amid the recent…
