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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 Operating leverage is a double-edged sword, and Tata Motors Ltd illustrates this well. Factors that had dampened sales of its UK-based luxury car subsidiary, Jaguar Land Rover Automotive Plc (JLR), in the September quarter (Q2FY25) have now been resolved, setting the stage for a sales recovery in the second half of the…
Source: Live Mint Stock Market Today: Tata Motors share price gained almost 2% in morning trades on Monday and was among largest gainers in the Nifty 50 stocks on a day when benchmark indices traded in the Rd. While Tata Motors Q2 performance was subdued led by Weakness in Jaguar Land Rover margins, analysts say…
Source: Live Mint Tata Motors Q2 Results: Automaker Tata Motors on Friday, November 8, reported an 11 per cent year-on-year (YoY) fall in consolidated net profit to ₹3,343 crore for the quarter ended September 2024 (Q2 FY25). The figure stood at ₹3,764 crore in the same period last year. Meanwhile, the revenue declined by 3.74…
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 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 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 3 min read Last Updated : Oct 11 2024 | 2:54 PM IST It will be business as usual (BAU) for Tata group stocks post Noel Naval Tata’s appointment as the chair of Tata Trusts’, said analysts. The development, they said, will signal continuity. For the markets, it will be a confidence…
Source: Business Standard 2 min read Last Updated : Oct 11 2024 | 2:06 PM IST Noel Tata Chairman Tata Trusts: Tata Group stocks were trading mixed on Friday amid reports of appointment of Noel Tata as the Chairman of Tata Trusts. At 1:44 PM, Trent share price was ruling 2.8 per cent…
