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Source: Live Mint The Indian front-line indices made a significant rebound during the second half of the trading session today, October 29, recovering from an initial downturn that saw them tumble sharply in the first half of the day. This recovery was primarily driven by strong performances from heavyweights such as Reliance Industries and HDFC…
Source: Live Mint Maruti Suzuki India, the largest passenger car manufacturer in India, on Tuesday reported a net profit of ₹3,069.2 crore for the second quarter of FY25, registering a fall of 17.4% from ₹3,716.5 crore in the same quarter last fiscal year. Maruti Suzuki’s revenue from operations in Q2FY25 increased marginally by 0.4% to…
Source: Live Mint Was this surprising? I am not too sure. In some of the so-called expert WhatsApp groups, people claimed they expected the stock price to drop right from the start. Meanwhile, opinions from the research fraternity are mixed: Several well-known brokerages are recommending buying the stock, predicting a 20% rise, while others suggest…
Source: Live Mint The auto sector has delivered a stellar performance over the past year. Since Samvat 2080, the Sensex has risen 23 per cent, while the BSE Auto index has surged 50 per cent. Year-to-date (YTD), the auto index has rallied 31 per cent, significantly outperforming the benchmark’s 11 per cent rise. Falling commodity…
Source: Live Mint The issue—a milestone for both the company’s parent Hyundai Motor Co. (HMC) and the Indian stock market as the country’s largest public offering so far—is a key part of Hyundai’s strategy to enhance the valuation of its global businesses as part of the South Korean government’s Corporate Value-Up Program. The programme seeks…
Source: Live Mint Hyundai Motor India IPO: Today (Tuesday, October 15), Hyundai Motor India Ltd launched its initial public offering on D-Street, and the first day of bidding has been marked by a gradual and consistent pace. The IPO has garnered a subscription of 18% on the opening day. Among the subscriptions, the retail investors’…
Source: Live Mint While the passenger vehicle market is currently facing headwinds, is Hyundai’s IPO a strategic gamble? With the beginning of the festivities, could the timing signal the beginning of a new growth chapter for the company, capitalizing on increased consumer sentiment and potential market rebound? As HMI prepares to gauge investor sentiment, a…
Source: Business Standard If there is a choice, should one pay in the local currency or Indian rupees while travelling abroad? | Representational 3 min read Last Updated : Oct 11 2024 | 6:57 AM IST Indians holidaying abroad have a variety of questions: Should I use a prepaid forex card, debt card or credit…
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…
Source: Business Standard 4 min read Last Updated : Sep 11 2024 | 6:52 AM IST Stocks To Watch, Wednesday, September 11, 2024: Markets were likely to start on a flat note with a negative bias, as indicated by GIFT Nifty futures, following muted sentiment flowing from the Asian markets. At 6:45…
