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Source: Live Mint Indian auto stocks came under significant selling pressure in today’s trading session, February 21, with the Nifty Auto index dropping 2.9% to touch a 10-month low of 21,435. Fourteen out of 15 constituents of the index traded in the red, with M&M emerging as the biggest laggard, dropping 6%, followed by TVS…
Source: Live Mint The Indian stock market continued its downward trajectory for the fourth consecutive session on Friday, weighed down by weak global cues. Benchmark indices, Sensex and Nifty 50, declined over 0.5% on February 21, driven by heavy selling in auto, pharmaceutical, financial, and FMCG stocks. The 30-share BSE Sensex fell by 560 points…
Source: Live Mint Shares of Tata Motors, a leading global automobile manufacturer, have been maintaining a steady downward spiral in recent weeks, tumbling to levels not seen in many months. The stock, which consistently broke record highs between March 2023 and July 2024, is now becoming less appealing to investors, having declined for six consecutive…
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 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 Tata Motors shares have been experiencing a consistent decline over the past two months, reflecting a troubling downward trend with no apparent signs of recovery. On Friday, 4 October, the stock fell to a four-month low, declining 21% from its all-time high of ₹1,179, which it achieved in July. In September, the…
Source: Business Standard Nifty Auto down, Tata Motors share, Maruti Suzuki shares, M&M shares 3 min read Last Updated : Oct 03 2024 | 3:28 PM IST Automobile stocks plunged in Thursday’s trade with all 15 stocks in the Nifty Auto index falling up to 4.3 per cent intraday today. The index also slipped…
Source: Business Standard 5 min read Last Updated : Sep 17 2024 | 1:42 PM IST Shares of Tata Motors dipped 3 per cent to Rs 960.65 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade amid heavy volumes. Till 12:36 PM, a combined 39.9 million shares, representing 1.08 per cent equity of Tata…
Source: Business Standard 2 min read Last Updated : Sep 13 2024 | 10:26 AM IST Global brokerage Nomura picked Tata Motors, Mahindra & Mahindra (M&M), and Maruti Suzuki as its preferred stock after the government’s launch of the Rs 10,900 crore PM Electric drive revolution in innovative vehicle enhancement (PM E-DRIVE) scheme. Nomura…
Source: Business Standard 2 min read Last Updated : Sep 13 2024 | 12:17 PM IST Tata Power shares soared 2.2 per cent on the BSE and touched an intraday high of Rs 449.5 per share on Thursday’s trading session. Buying in the stock came after Tata Power EV Charging Solutions, a subsidiary of…
