Powered by: Motilal Oswal

News

Wardwizard Innovations jumps on dispatching 1,496 Units of Electric two-wheelers in August Wardwizard Innovations & Mobility is currently trading at Rs. 43.73, up by 0.84 points or 1.96% from its previous closing of Rs. 42.89 on the BSE. The scrip opened at Rs. 43.99 and has touched a high and low of Rs. 44.20 and Rs. 43.40 respectively. So far 922485 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 78.00 on 06-Dec-2022 and a 52 week low of Rs. 33.21 on 13-Jul-2023. Last one week high and low of th...
Wardwizard Innovations jumps on dispatching 1,496 Units of Electric two-wheelers in August
Wardwizard Innovations jumps on dispatching 1,496 Units of Electric two-wheelers in August
Source: Accord Fintech
8/09/2023 2:15:40 PM
Landmark Cars zooms on incorporating wholly owned subsidiary Landmark Cars is currently trading at Rs. 788.00, up by 62.85 points or 8.67% from its previous closing of Rs. 725.15 on the BSE. The scrip opened at Rs. 753.00 and has touched a high and low of Rs. 790.00 and Rs. 753.00 respectively. So far 41203 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 805.15 on 10-Jul-2023 and a 52 week low of Rs. 433.20 on 26-Dec-2022. Last one week high and low of the scrip stood at ...
Landmark Cars zooms on incorporating wholly owned subsidiary
Landmark Cars zooms on incorporating wholly owned subsidiary
Source: Accord Fintech
8/09/2023 1:54:17 PM
Tech Mahindra moves up on launching Ops amplifAIer solution Tech Mahindra is currently trading at Rs. 1269.00, up by 20.85 points or 1.67% from its previous closing of Rs. 1248.15 on the BSE. The scrip opened at Rs. 1244.65 and has touched a high and low of Rs. 1274.85 and Rs. 1238.80 respectively. So far 58221 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,274.85 on 7-Jul-2023 and a 52 week low of Rs. 982.95 on 28-Apr-2023. Last one week high and low of the scrip sto...
Tech Mahindra moves up on launching Ops amplifAIer solution
Tech Mahindra moves up on launching Ops amplifAIer solution
Source: Accord Fintech
7/09/2023 2:28:16 PM
TVS Motor Company rises on launching TVS Apache RTR 310 TVS Motor Company is currently trading at Rs. 1484.20, up by 6.20 points or 0.42% from its previous closing of Rs. 1478.00 on the BSE. The scrip opened at Rs. 1485.30 and has touched a high and low of Rs. 1485.65 and Rs. 1476.40 respectively. So far 3401 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1483.65 on 07-Sep-2023 and a 52 week low of Rs. 968.00 on 20-Jan-2023. Last one week high and low of the scrip s...
TVS Motor Company rises on launching TVS Apache RTR 310
TVS Motor Company rises on launching TVS Apache RTR 310
Source: Accord Fintech
7/09/2023 11:30:37 AM
Mahindra & Mahindra Financial gains on executing Master agreement for co-lending with SBI Mahindra & Mahindra Financial is currently trading at Rs. 293.20, up by 1.00 points or 0.34% from its previous closing of Rs. 292.20 on the BSE. The scrip opened at Rs. 293.15 and has touched a high and low of Rs. 294.85 and Rs. 291.65 respectively. So far 14515 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 346.40 on 04-Jul-2023 and a 52 week low of Rs. 176.30 on 28-Sep-2022. Last one week high and low of ...
Mahindra & Mahindra Financial gains on executing Master agreement for co-lending with SBI
Mahindra & Mahindra Financial gains on executing Master agreement for co-lending with SBI
Source: Accord Fintech
6/09/2023 10:34:47 AM
Auto Sector Round Up : SUVs continue to add flavour By LKP Securities Sector performance The month of August was a mixed bag again for the auto companies. 2Ws posted weak domestic performance as sales decline for Bajaj Auto in the domestic markets at 31% yoy, while sequentially they grew by 13.3%. TVS posted 5-6% growth in the month, both on yoy and mom basis. 2W exports have shown some signs of improvement sequentially as well as yoy, which can be an important parameter to trace the going forward. This growth was in lower single to lower negative single dig...
Auto Sector Round Up : SUVs continue to add flavour By LKP Securities
Auto Sector Round Up : SUVs continue to add flavour By LKP Securities
Source: LKP Securities Ltd
5/09/2023 3:15:04 PM
Automobile retail sales in India rise by 9% in August 2023: FADA Federation of Automobile Dealers Associations (FADA) has said that automobile retail sales in India rose by 9 per cent in August 2023 aided by sales growth in all segments, including passenger vehicles and two wheelers. The total retail sales across segments rose to 18,18,647 units in August 2023, up 9 per cent, from 16,74,162 units in August 2022. FADA further said passenger vehicle registrations increased by 7 per cent to 3,15,153 units in August 2023 from 2,95,842 units in August 2022. ...
Automobile retail sales in India rise by 9% in August 2023: FADA
Automobile retail sales in India rise by 9% in August 2023: FADA
Source: Accord Fintech
5/09/2023 11:40:34 AM
Subros zooms on developing indigenous thermal EV solution for Hydrogen Cell Bus Subros is currently trading at Rs. 436.05, up by 24.60 points or 5.98% from its previous closing of Rs. 411.45 on the BSE. The scrip opened at Rs. 411.60 and has touched a high and low of Rs. 463.00 and Rs. 406.00 respectively. So far 68806 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 521.40 on 21-Jun-2023 and a 52 week low of Rs. 272.00 on 27-Feb-2023. Last one week high and low of the scrip stood at Rs. 463...
Subros zooms on developing indigenous thermal EV solution for Hydrogen Cell Bus
Subros zooms on developing indigenous thermal EV solution for Hydrogen Cell Bus
Source: Accord Fintech
4/09/2023 1:43:18 PM
Volkswagen in 'advanced talks` with Mahindra on MEB platform Volkswagen said on Monday that it is in advanced talks with India's Mahindra & Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles, called MEB. Mahindra wants to use central MEB components such as the e-drive and unit cells for its models, said Volkswagen in a statement. Volkswagen has developed a modular, open vehicle platform for EVs, called MEB, which is used to build to its own cars and those of other group companie...
Volkswagen in 'advanced talks` with Mahindra on MEB platform
Volkswagen in 'advanced talks` with Mahindra on MEB platform
Source: Reuters
4/09/2023 12:57:11 PM
Hero MotoCorp gains on reporting 6% rise in total sales in August The company's exports increased to 15,770 units in June 2023 versus 11,868 units in June 2022   Hero MotoCorp is currently trading at Rs. 2941.85, up by 14.80 points or 0.51% from its previous closing of Rs. 2927.05 on the BSE. The scrip opened at Rs. 2942.45 and has touched a high and low of Rs. 2965.15 and Rs. 2937.00 respectively. So far 2691 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3242....
Hero MotoCorp gains on reporting 6% rise in total sales in August
Hero MotoCorp gains on reporting 6% rise in total sales in August
Source: Accord Fintech
4/09/2023 10:42:21 AM
TVS Motor Company inches up on reporting 4% rise in total sales during August 2023 TVS Motor Company is currently trading at Rs. 1456.40, up by 1.80 points or 0.12% from its previous closing of Rs. 1454.60 on the BSE. The scrip opened at Rs. 1456.05 and has touched a high and low of Rs. 1469.30 and Rs. 1453.20 respectively. So far 1344 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1,469.30 on 04-Sep-2023 and a 52 week low of Rs. 968.00 on 20-Jan-2023. Last one week high and low of the scrip ...
TVS Motor Company inches up on reporting 4% rise in total sales during August 2023
TVS Motor Company inches up on reporting 4% rise in total sales during August 2023
Source: Accord Fintech
4/09/2023 9:39:51 AM
Buy SKF India Ltd For Target Rs. 6400 - ICICI Direct Focus on localisation to boost growth… About the stock: SKF India, incorporated in 1961, is engaged in manufacturing of bearings, seals, lubrication systems, after-market and other maintenance products * Company’s ~52% of revenues come from industrial segment while ~41% of revenues come from automotive segment. Balance ~7% of sales is from exports. After-market segment contributes ~36% of total revenue * Consolidated revenue of the company has grown by 14.9% CAGR during ...
Buy SKF India Ltd For Target Rs. 6400 - ICICI Direct
Buy SKF India Ltd For Target Rs. 6400 - ICICI Direct
Source: ICICI Direct
2/09/2023 2:20:41 PM
Buy Sharda Motor Industries Ltd For Target Rs.1,087 - Sushil Finance Sharda Motor Industries Ltd We have coverage on Sharda Motor Industries Ltd. with a BUY rating on stock. Since our report, the stock has posted a high of Rs.1042 today. With the recent run-up in the share price (23% return), we are now changing our rating on the stock to Neutral and recommend our investors to book profits.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.sushilfinance.com/Disclamier/disclaimer ...
Buy Sharda Motor Industries Ltd For Target Rs.1,087 - Sushil Finance
Buy Sharda Motor Industries Ltd For Target Rs.1,087 - Sushil Finance
Source: Sushil Finance Ltd
1/09/2023 3:46:23 PM
Atul Auto catches speed on reporting 34% rise in August sales Atul Auto is currently trading at Rs. 597.05, up by 5.00 points or 0.84% from its previous closing of Rs. 592.05 on the BSE. The scrip opened at Rs. 599.00 and has touched a high and low of Rs. 624.75 and Rs. 579.90 respectively. So far 91417 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 627.40 on 31-Aug-2023 and a 52 week low of Rs. 179.75 on 29-Sep-2022. Last one week high and low of the scrip stood at Rs. 6...
Atul Auto catches speed on reporting 34% rise in August sales
Atul Auto catches speed on reporting 34% rise in August sales
Source: Accord Fintech
1/09/2023 3:39:22 PM
Buy M&M Financial Services Ltd For Target Rs. 350 - Motilal Oswal Financial Services Ltd Earnest attempt at a credible transformation! * MMFS has exhibited volatile operating performance and weak asset quality in the past. However, the management has undertaken various strategic initiatives, which we believe, if executed properly, could script a credible transformation of the company. * MMFS has translated the KPIs introduced under Mission 2025 into strategic priorities, such as expanding its presence, leveraging technology to drive operational efficiency, developing new pr...
Buy M&M Financial Services Ltd For Target Rs. 350 - Motilal Oswal Financial Services Ltd
Buy M&M Financial Services Ltd For Target Rs. 350 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
1/09/2023 2:48:58 PM
Automobile Sector Update: Inventory build-up in PVs initiated much before festive season By ICICI Securities Inventory build-up in PVs initiated much before festive season As per our channel checks and analysis of wholesale vs retail data of vehicles sold in Apr-Jul’23, inventory levels for PVs have increased vs CVs/2Ws managing it far better. Cumulative inventory addition for key PV players like MSIL/MM in Apr-Jul’23 is now at 84% of Jul’23 retails, implying limited scope for further inventory addition in Aug-Sep’23. Our channel checks indicate inventory days have increas...
Automobile Sector Update: Inventory build-up in PVs initiated much before festive season By ICICI Securities
Automobile Sector Update: Inventory build-up in PVs initiated much before festive season By ICICI Securities
Source: ICICI Securities
1/09/2023 2:27:47 PM
M&M rides high on reporting 19% rise in overall auto sales in August Mahindra & Mahindra is currently trading at Rs. 1586.35, up by 10.25 points or 0.65% from its previous closing of Rs. 1576.10 on the BSE. The scrip opened at Rs. 1578.95 and has touched a high and low of Rs. 1604.55 and Rs. 1576.00 respectively. So far 51996 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1604.55 on 01-Sep-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023. Last one week high and low of th...
M&M rides high on reporting 19% rise in overall auto sales in August
M&M rides high on reporting 19% rise in overall auto sales in August
Source: Accord Fintech
1/09/2023 1:41:32 PM
Ashok Leyland rises on partnering with CSB Bank Ashok Leyland is currently trading at Rs. 184.05, up by 0.35 points or 0.19% from its previous closing of Rs. 183.70 on the BSE. The scrip opened at Rs. 184.45 and has touched a high and low of Rs. 185.30 and Rs. 181.15 respectively. So far 233649 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 191.45 on 16-Aug-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Ashok Leyland rises on partnering with CSB Bank
Ashok Leyland rises on partnering with CSB Bank
Source: Accord Fintech
1/09/2023 12:03:20 PM
Midcap Medallion: Buy Jamna Auto Industries Ltd For Target Rs.135 - Religare Broking Jamna Auto Industries Ltd  * Jamna Auto is one of the consistent performers within the auto ancillary basket. It has been maintaining a steady uptrend since September 2020 and made a new record high at 133.15 in July 2022. * It had a year-long corrective phase thereafter and retraced to the support zone of medium term moving average (100 EMA) on the weekly chart and formed a base. * After the initial rebound, it formed a higher base above short term moving average (20 EMA) on th...
Midcap Medallion: Buy Jamna Auto Industries Ltd For Target Rs.135 - Religare Broking
Midcap Medallion: Buy Jamna Auto Industries Ltd For Target Rs.135 - Religare Broking
Source: Religare Broking Ltd
31/08/2023 1:55:21 PM
Maruti Suzuki surges on planning to double production capacity in next eight years Maruti Suzuki is currently trading at Rs. 9744.20, up by 124.10 points or 1.29% from its previous closing of Rs. 9620.10 on the BSE. The scrip opened at Rs. 9673.95 and has touched a high and low of Rs. 9752.35 and Rs. 9625.00 respectively. So far 14976 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 10036.70 on 05-Jul-2023 and a 52 week low of Rs. 8076.65 on 26-Dec-2022. Last one week high and low of the scrip ...
Maruti Suzuki surges on planning to double production capacity in next eight years
Maruti Suzuki surges on planning to double production capacity in next eight years
Source: Accord Fintech
30/08/2023 4:01:22 PM
Government extends PLI scheme for automotive sector by 1 year until FY28: Mahendra Nath Pandey Union Heavy Industries Minister Mahendra Nath Pandey has said that the government has decided to extend the Rs 25,938-crore production-linked incentive (PLI) scheme for the automotive sector by one year. Post extension, the five-year scheme, originally in place from 2022-23 to 2026-27, will be active until 2027-28. At present, incentives are applicable under the scheme for determined sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from Ap...
Government extends PLI scheme for automotive sector by 1 year until FY28: Mahendra Nath Pandey
Government extends PLI scheme for automotive sector by 1 year until FY28: Mahendra Nath Pandey
Source: Accord Fintech
30/08/2023 11:05:58 AM
Tata Motors moves up as its arm launches new brand identity `TATA ev` Tata Motors is currently trading at Rs. 609.50, up by 2.95 points or 0.49% from its previous closing of Rs. 606.55 on the BSE. The scrip opened at Rs. 611.20 and has touched a high and low of Rs. 613.00 and Rs. 609.00 respectively. So far 32338 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 665.30 on 26-Jul-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs....
Tata Motors moves up as its arm launches new brand identity `TATA ev`
Tata Motors moves up as its arm launches new brand identity `TATA ev`
Source: Accord Fintech
30/08/2023 10:36:03 AM
Hero MotoCorp rides high on launching Karizma XMR Hero MotoCorp is currently trading at Rs. 2980.00, up by 49.30 points or 1.68% from its previous closing of Rs. 2930.70 on the BSE. The scrip opened at Rs. 2963.95 and has touched a high and low of Rs. 2991.45 and Rs. 2935.90 respectively. So far 5646 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3242.85 on 01-Aug-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip sto...
Hero MotoCorp rides high on launching Karizma XMR
Hero MotoCorp rides high on launching Karizma XMR
Source: Accord Fintech
29/08/2023 3:43:38 PM
Buy Ashoka Buildcon Ltd For Target Rs.155 - JM Financial Institutional Securities Ashoka Buildcon’s (ABL) 1QFY24 PAT at INR 164mn was sharply below estimate of INR 656mn (consensus: INR 954mn) due to one-time provision of INR 560mn for NTPC solar contract. Revenue grew by 3.6% YoY to INR 15.3bn. EBITDA fell by 51% YoY to INR 702mn. EBITDA margin declined sharply by 520bps YoY to 4.6%. Adjusted for one-time provision, it stood at 8.2% (estimate: 7.7%). ABL has lowered its FY24 guidance for revenue growth to 15% (earlier: c.20%), EBITDA margins to 8-8.5% (earlier: 8.75...
Buy Ashoka Buildcon Ltd For Target Rs.155 - JM Financial Institutional Securities
Buy Ashoka Buildcon Ltd For Target Rs.155 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
29/08/2023 2:31:21 PM
India`s automotive industry poised to rank number three in world by 2030: Government The government has said that India's automotive industry is poised to rank number three in the world by 2030, with various schemes like the Rs 25,938 crore Production Linked Incentive (PLI) for Automobile and Auto Components supporting the sector's growth. Ministry of Heavy Industries (MHI) considers the PLI-Auto applicants of automotive industry as one of the crucial stakeholders of the scheme. It emphasized that the goal of deep localization and development of Advanced Automotive...
India`s automotive industry poised to rank number three in world by 2030: Government
India`s automotive industry poised to rank number three in world by 2030: Government
Source: Accord Fintech
29/08/2023 12:39:47 PM
India`s Maruti Suzuki plans to double production capacity over 8 years Maruti Suzuki India plans to double its production capacity to 4 million over the next eight years, India's top carmaker by sales said at its annual general meeting on Tuesday. The automaker also expects export volumes to touch 800,000 cars by fiscal 2031, Chairman R.C. Bhargava told shareholders at the meeting. As of fiscal 2023, it exported 259,333 cars. The comments came a month after Maruti reported a better-than-expected quarterly profit on strong orders and forecast a rise in ...
India`s Maruti Suzuki plans to double production capacity over 8 years
India`s Maruti Suzuki plans to double production capacity over 8 years
Source: Reuters
29/08/2023 12:03:35 PM
Ashok Leyland rises on unveiling new truck in 18.5 tonne segment Ashok Leyland is currently trading at Rs. 189.70, up by 2.15 points or 1.15% from its previous closing of Rs. 187.55 on the BSE. The scrip opened at Rs. 187.65 and has touched a high and low of Rs. 189.75 and Rs. 187.50 respectively. So far 366681 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 191.45 on 16-Aug-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Ashok Leyland rises on unveiling new truck in 18.5 tonne segment
Ashok Leyland rises on unveiling new truck in 18.5 tonne segment
Source: Accord Fintech
29/08/2023 11:58:04 AM
Bharat Forge climbs as its arm`s JV bags order worth Rs 287.51 crore Bharat Forge is currently trading at Rs. 1048.80, up by 26.95 points or 2.64% from its previous closing of Rs. 1021.85 on the BSE. The scrip opened at Rs. 1022.05 and has touched a high and low of Rs. 1056.00 and Rs. 1022.05 respectively. So far 32103 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1056.00 on 28-Aug-2023 and a 52 week low of Rs. 677.85 on 29-Sep-2022. Last one week high and low of the scrip stoo...
Bharat Forge climbs as its arm`s JV bags order worth Rs 287.51 crore
Bharat Forge climbs as its arm`s JV bags order worth Rs 287.51 crore
Source: Accord Fintech
28/08/2023 3:36:22 PM
VST Tillers Tractors zooms on inking master service agreement with Solectrac V.S.T. Tillers Tractors is currently trading at Rs. 3599.95, up by 265.50 points or 7.96% from its previous closing of Rs. 3334.45 on the BSE. The scrip opened at Rs. 3300.10 and has touched a high and low of Rs. 3790.00 and Rs. 3255.45 respectively. So far 12902 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3790.00 on 25-Aug-2023 and a 52 week low of Rs. 2046.55 on 12-Oct-2022. Last one week high and low of ...
VST Tillers Tractors zooms on inking master service agreement with Solectrac
VST Tillers Tractors zooms on inking master service agreement with Solectrac
Source: Accord Fintech
25/08/2023 3:17:25 PM
Add Landmark Cars Ltd For Target Rs.766 - ICICI Securities Weak Q1 performance due to lower scale; going ahead co expects volume increase Landmark Cars’ (LMC) Q1FY24 EBITDA margin at 6.4% was down 70bps QoQ (I-Sec estimate: 7.3%). Margin weakness was due to lower scale with new car volumes down 30% YoY/23% QoQ at ~3.8k, led by limited supplies from key OEMs on account of BS6 phase 2 transition. Going ahead, LMC expects volume increase from i) launch of Mercedes GLC and availability of hi-end variants, ii) new launches of Honda Elevate and Je...
Add Landmark Cars Ltd For Target Rs.766 - ICICI Securities
Add Landmark Cars Ltd For Target Rs.766 - ICICI Securities
Source: ICICI Securities Ltd
25/08/2023 2:33:17 PM
TVS Motor Company rides high on launching revolutionary premium electric crossover `TVS X` TVS Motor Company is currently trading at Rs. 1375.30, up by 19.85 points or 1.46% from its previous closing of Rs. 1355.45 on the BSE. The scrip opened at Rs. 1365.00 and has touched a high and low of Rs. 1382.90 and Rs. 1354.20 respectively. So far 28657 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1400.55 on 26-Jul-2023 and a 52 week low of Rs. 930.00 on 29-Aug-2022. Last one week high and low of the scrip...
TVS Motor Company rides high on launching revolutionary premium electric crossover `TVS X`
TVS Motor Company rides high on launching revolutionary premium electric crossover `TVS X`
Source: Accord Fintech
24/08/2023 1:43:41 PM
Buy Mahindra CIE Automotive For Target Rs.625 - ICICI Direct Margins and return ratios shift orbit; poised for re-rating… About the stock: CIE Automotive India (CIE), part of the Spain-based CIE Automotive Group, is a multi-technology, multi-product automotive component supplier. • CY22 consolidated revenue mix – Europe 36%, India 64% • Forging is ~59% of consolidated sales (78% in Europe) • In India, it derives 49%, 23%, 20%, 8% of sales from PV, 2-W, tractors, M&HCV, respectively. In Europe it now derives 7...
Buy Mahindra CIE Automotive For Target Rs.625 - ICICI Direct
Buy Mahindra CIE Automotive For Target Rs.625 - ICICI Direct
Source: ICICI Direct
23/08/2023 12:30:11 PM
Buy CarTrade Tech Ltd For Target Rs. 710 - JM Financial Institutional Securities Ltd OLX Acquisition – Steal Deal CarTrade announced the closure of acquisition of 100% stake of Sobek Auto India Private Limited, which includes OLX classifieds platform as well as OLX Autos C2B transactions business. The company paid cash consideration of INR 5.35bn with the acquired entity having liquid assets and cash of roughly INR 1.2bn, implying equity value of INR 4.15bn. As the acquired entity is currently loss-making (~INR 1bn annualised including product & tech expense), in...
Buy CarTrade Tech Ltd For Target Rs. 710 - JM Financial Institutional Securities Ltd
Buy CarTrade Tech Ltd For Target Rs. 710 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities
23/08/2023 12:21:57 PM
Mahindra & Mahindra rides high on partnering with SARGA MotoCorp Mahindra & Mahindra is currently trading at Rs. 1550.95, up by 12.25 points or 0.80% from its previous closing of Rs. 1538.70 on the BSE. The scrip opened at Rs. 1539.00 and has touched a high and low of Rs. 1552.50 and Rs. 1535.05 respectively. So far 18380 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1594.85 on 13-Jul-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023. Last one week high and low of th...
Mahindra & Mahindra rides high on partnering with SARGA MotoCorp
Mahindra & Mahindra rides high on partnering with SARGA MotoCorp
Source: Accord Fintech
22/08/2023 12:40:27 PM
Hero MotoCorp gains on eyeing at enhancing market share across segments Hero MotoCorp is currently trading at Rs. 2931.95, up by 4.35 points or 0.15% from its previous closing of Rs. 2927.60 on the BSE. The scrip opened at Rs. 2927.60 and has touched a high and low of Rs. 2943.70 and Rs. 2915.00 respectively. So far 10476 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3242.85 on 01-Aug-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023. Last one week high and low of the scrip sto...
Hero MotoCorp gains on eyeing at enhancing market share across segments
Hero MotoCorp gains on eyeing at enhancing market share across segments
Source: Accord Fintech
21/08/2023 3:29:40 PM
Bharat Forge moves up as its arm bags two export orders worth around Rs 850 crore Bharat Forge is currently trading at Rs. 983.50, up by 14.00 points or 1.44% from its previous closing of Rs. 969.50 on the BSE. The scrip opened at Rs. 978.85 and has touched a high and low of Rs. 987.35 and Rs. 967.80 respectively. So far 35787 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 989.85 on 21-Aug-2023 and a 52 week low of Rs. 677.85 on 29-Sep-2022. Last one week high and low of the scrip stood at R...
Bharat Forge moves up as its arm bags two export orders worth around Rs 850 crore
Bharat Forge moves up as its arm bags two export orders worth around Rs 850 crore
Source: Accord Fintech
21/08/2023 12:28:08 PM
Wardwizard Innovations jumps on inking long term OEM agreement with A&S Power Wardwizard Innovations & Mobility is currently trading at Rs. 41.10, up by 0.90 points or 2.24% from its previous closing of Rs. 40.20 on the BSE. The scrip opened at Rs. 40.70 and has touched a high and low of Rs. 41.75 and Rs. 40.26 respectively. So far 597204 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 78.00 on 06-Dec-2022 and a 52 week low of Rs. 33.21 on 13-Jul-2023. Last one week high and low of th...
Wardwizard Innovations jumps on inking long term OEM agreement with A&S Power
Wardwizard Innovations jumps on inking long term OEM agreement with A&S Power
Source: Accord Fintech
21/08/2023 12:07:34 PM
Buy Bharat Forge Limited For Target Rs. 1,025 - JM Financial Institutional Securities Robust performance; Improvement in international profitability on track In 1QFY24, Bharat Forge (BHFC) reported standalone EBITDAM of 25.8% (+110bps YoY, +140bps QoQ), 60bps above JMFe. Avg. realisation improved +2% QoQ (+3% YoY). Consol. EBITDA margin improved 330bps QoQ to 15.4% (+40bps YoY) led by improving profitability at international subsidiaries. Management highlighted that Class 8 demand remains steady in NA & EU. Order book remains healthy for BHFC across verticals. The compa...
Buy Bharat Forge Limited For Target Rs. 1,025 - JM Financial Institutional Securities
Buy Bharat Forge Limited For Target Rs. 1,025 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
17/08/2023 2:23:25 PM
Auto Sector Update : Receding supply constraints drive PV wholesales; Tractors/CV steady; 2W performance muted JM Financial PVs – Improving supplies drives wholesales; Order backlog remains healthy: In Jul’23, PV OEMs posted healthy volume growth on MoM basis led by improving supply constraints. Order book continues to remain robust led by recent launches. MSIL reported domestic PV wholesales of c.152k units (+6% YoY, +14% MoM). This was led by strong growth in UV segment (+167% YoY, +43% MoM). Export sales for MSIL stood at c.22k units (+9% YoY, +12% MoM). Total volume for MSIL stood at c.182k unit...
Auto Sector Update : Receding supply constraints drive PV wholesales; Tractors/CV steady; 2W performance muted JM Financial
Auto Sector Update : Receding supply constraints drive PV wholesales; Tractors/CV steady; 2W performance muted JM Financial
Source: JM Financial Institutional Securities
17/08/2023 2:17:19 PM
M&M trades higher as its arm launches range of tractors `the Mahindra OJA` at Futurescape event Mahindra & Mahindra is currently trading at Rs. 1552.45, up by 6.00 points or 0.39% from its previous closing of Rs. 1546.45 on the BSE. The scrip opened at Rs. 1550.20 and has touched a high and low of Rs. 1559.85 and Rs. 1538.90 respectively. So far 20777 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1594.85 on 13-Jul-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023. Last one week high and low of the...
M&M trades higher as its arm launches range of tractors `the Mahindra OJA` at Futurescape event
M&M trades higher as its arm launches range of tractors `the Mahindra OJA` at Futurescape event
Source: Accord Fintech
16/08/2023 3:05:16 PM
Buy Maruti Suzuki Ltd For Target Rs 11,500 JM Financial Institutional Securities MSIL Board recently approved termination of contract manufacturing agreement with Suzuki Motor Gujarat (SMG) and consolidates entire manufacturing under one-roof by acquiring SMG from Suzuki Motor Corporation (SMC), Japan. The company plans to make this acquisition via issuance of shares to SMC and will seek approval from its minority shareholders. In hindsight, MSIL’s shareholders benefitted from favourable terms of the agreement and conserved cash outflow on capacity expansion. Acquir...
Buy Maruti Suzuki Ltd For Target Rs 11,500 JM Financial Institutional Securities
Buy Maruti Suzuki Ltd For Target Rs 11,500 JM Financial Institutional Securities
Source: JM Financial Institutional Securities
16/08/2023 2:20:46 PM
Ashok Leyland moves up on getting nod to acquire stake in OHM Global Mobility Ashok Leyland is currently trading at Rs. 188.30, up by 1.40 points or 0.75% from its previous closing of Rs. 186.90 on the BSE. The scrip opened at Rs. 186.55 and has touched a high and low of Rs. 188.25 and Rs. 185.55 respectively. So far 412240 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 191.00 on 11-Aug-2023 and a 52 week low of Rs. 133.10 on 28-Mar-2023. Last one week high and low of the scrip stood at ...
Ashok Leyland moves up on getting nod to acquire stake in OHM Global Mobility
Ashok Leyland moves up on getting nod to acquire stake in OHM Global Mobility
Source: Accord Fintech
16/08/2023 12:18:26 PM
Stock of the day : Buy Mahindra and Mahindra Ltd Target Rs. 1,620 - Religare Broking Ltd Mahindra and Mahindra Ltd * M&M has been gradually inching higher from last more than 4 months with noticeable surge in volumes. * After hitting an all-time high in August, it retraced towards its medium term moving average and now has registered breakout from a intermediate down sloping trendline. * The recent price action coupled with positive momentum indicates the bullish tone to continue in near future. * We thus advise creating fresh longs in the mentioned zone. B...
Stock of the day : Buy Mahindra and Mahindra Ltd Target Rs. 1,620 - Religare Broking Ltd
Stock of the day : Buy Mahindra and Mahindra Ltd Target Rs. 1,620 - Religare Broking Ltd
Source: Religare Broking Ltd
16/08/2023 10:35:08 AM
Buy Hero Motocorp Ltd For Target Rs.3,630 - Motilal Oswal Financial Services Placing more emphasis on growth and market share gains * Hero MotoCorp’s (HMCL’s) 1Q operating performance was in line, while higher ‘other income’ drove PAT beat. HMCL is focusing on expanding its market share, on the back of new launches with margin expected to be in the 14-16% range (14.5% in 1Q for ICE business). De-stocking in 1Q coupled with visible recovery in demand has created headroom for inventory buildup as we approach the festive season. * We maintai...
Buy Hero Motocorp Ltd For Target Rs.3,630 - Motilal Oswal Financial Services
Buy Hero Motocorp Ltd For Target Rs.3,630 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
15/08/2023 12:40:01 PM
CarTrade Tech completes acquisition of OLX India`s auto business for Rs 536 cr CarTrade Tech has completed the acquisition of Sobek Auto India Private Limited, the company that owns OLX India's auto sales division, for Rs 535.54 crore. CarTrade Tech said the acquisition is in furtherance of the strategic objectives of the company to undertake investments that provide synergistic benefits to its existing businesses. In July this year, CarTrade Tech had entered into a share purchase agreement with Sobek Auto India Private Limited, and its holding company OLX Ind...
CarTrade Tech completes acquisition of OLX India`s auto business for Rs 536 cr
CarTrade Tech completes acquisition of OLX India`s auto business for Rs 536 cr
Source: IANS
14/08/2023 12:09:51 PM
Buy Bharat Forge Ltd For Target Rs. 1,156- Yes Securities Defence ramp-up to be healthy in rest of FY24E Valuation and View – Overall outlook steady to positive Bharat Forge (BHFC) 1QFY24 results were ahead of our/street estimates by 8-12% on EBITDA. This was led by better than expected volumes which came in at 67.7k tons (+5% QoQ, 18 quarter high). The positive highlight of the quarters was, 1) improvement in overseas subs results as Europe posted EBITDA of Rs507m in 1QFY24 (margins of 4.4%) vs loss of Rs141m in 4QFY23. While the US ope...
Buy Bharat Forge Ltd For Target Rs. 1,156- Yes Securities
Buy Bharat Forge Ltd For Target Rs. 1,156- Yes Securities
Source: Yes Securities Ltd
13/08/2023 3:31:23 PM
TVS Motor Company catches speed on launching TVS Raider Super Squad Editi TVS Motor Company is currently trading at Rs. 1354.35, up by 5.50 points or 0.41% from its previous closing of Rs. 1348.85 on the BSE. The scrip opened at Rs. 1350.15 and has touched a high and low of Rs. 1361.00 and Rs. 1343.25 respectively. So far 11488 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1400.55 on 26-Jul-2023 and a 52 week low of Rs. 926.35 on 23-Aug-2022. Last one week high and low of the scrip ...
TVS Motor Company catches speed on launching TVS Raider Super Squad Editi
TVS Motor Company catches speed on launching TVS Raider Super Squad Editi
Source: Accord Fintech
11/08/2023 3:05:24 PM
Buy Maruti Suzuki Ltd For Target Rs.11,500 - JM Financial Institutional Securities Ltd In 1QFY24, MSIL’s Adj. EBITDA margin came in at 10% (+280bps YoY, -50bps QoQ), c.50bps below JMFe. Sequential decline in margin was due to new launch expenses and higher discounts. Employee cost had one-off impact of 80bps related to employee retention bonus. MSIL lost c.28k units due to chip shortage during 1QFY24. Management highlighted that chip supplies have largely normalised. Order inflow continues to remain healthy with over c.355k units of pending bookings led by recent launches...
Buy Maruti Suzuki Ltd For Target Rs.11,500 - JM Financial Institutional Securities Ltd
Buy Maruti Suzuki Ltd For Target Rs.11,500 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
11/08/2023 2:09:37 PM