EICHER MOTORS EARNINGS IMPACT
Banking stocks lift Sensex, Nifty to new heights in July opening
D-Sreet closed on a positive note on Monday, with the S&P BSE Sensex gaining 443.46 points to settle at 79,476.19. The broader Nifty index also rose, adding 131.35 points to close at 24,141.95. The banking sector showed particular strength, with the banking gauge up by 0.44%. Tech Mahindra, Wipro, Bajaj Finance, Grasim Industries, and UltraTech Cement were among the top gainers, while NTPC, Eicher Motors, Apollo Hospitals Enterprise, SBI, and Dr. Reddy's Laboratories experienced declines. Market capitalisation of all the BSE listed companies increased by Rs 344,798 crore.
Wait for earnings and Budget to identify attractive sectors for investment: Deepak Shenoy
These companies are quite cyclical, moving between downturns and upturns. Recently, there has been an upturn for Muthoot and Manappuram, partly because IIFL, a major player in the gold financing space, faced some RBI action leading to a slowdown in its gold lending portfolio.
Sensex extends record rally to 3rd session, ends above 79K, Nifty tops 24,000
Heavyweights RIL, HDFC Bank, and ICICI Bank were among the biggest contributors to Nifty's rise. Sectorally, buying was noticed in banks, FMCG, metals, and pharma. For Nifty50, the latest 1,000-point gain from 23,000 to 24,000 has been the 2nd fastest ever. Nifty took 23 sessions to climb 1,000 points.
Banking euphoria catapults Sensex past 78K milestone, lifts Nifty to record peak of 23,721
The performance across Nifty sectoral indices was mixed, with 6 out of 16 indices showing gains. Notable performers included Nifty Financial Services, Nifty IT, and Nifty PSU Bank. Conversely, sectors such as Nifty Auto, Nifty FMCG, and Nifty Metal faced declines. In the broader markets, the Nifty Midcap 100 dropped by 0.45% to 55,324.45, while the Nifty Smallcap 100 saw an increase of 0.21%, reaching 18,255.10.
Hyundai IPO will be a great investment vehicle for long-term investors: Sachin Shah
But the real big story today in India, not only for two-wheelers but for across products and categories is the game of premiumisation. The young aspirational India is very much looking to upgrade themselves to premium products.
AIF & PMS Conclave 2.0: Saurabh Mukherjea on five big themes in India where investors stand to benefit
Market veteran Saurabh Mukherjea on Wednesday said five big themes that have contributed to a rise of new elite in India can make their way into the portfolios of investors looking for consistent returns.
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Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
First to indicate good or bad about economy, as it stays strong, ignore noises about politics: 6 auto stocks with upside potential of upto 34 %
Unlike the US and some other western countries, where there is a separate transportation index which also has an element of logistic companies in it and is watched very closely, in India we don't have a very popular transportation index. The reason why transportation index numbers are extremely important is because there is enough historical evidence to show that auto industry numbers lead indicators of what is happening in the economy. That is why if one looks at the history of the stock market, the rallies which are led by the transportation and auto sector are more durable rallies. Especially the ones which are led by large commercial vehicles. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. At this point and in near term there will be noises about political instability, but better ignore it.
What to do with Tata Motors, Mamearth and 4 other stocks? Religare Broking's Ravi Singh decodes
Dr Ravi Singh predicts Nifty testing highs at 22,800 levels amidst positive sentiment. Investors advised on stop losses in volatile markets and quality stock selection in the banking sector. Traders recommended actions on top gaining stocks like Hindustan Zinc and Tata Motors.
Two-wheeler makers ride high on record sales of branded spare parts
Royal Enfield, Bajaj Auto, and Hero MotoCorp saw record revenue in FY24 from branded parts and accessories sales, driven by a preference for branded spares. Revenue growth was boosted by premium models like Xpulse and Splendor motorcycles. Hero MotoCorp plans to expand its Global Parts Centre to capitalize on the growing market.
Bullet maker Royal Enfield wants to bring an 'amazing' EV but isn't in a hurry
Royal Enfield delays its electric motorcycle debut to prioritize excellence. The Indian e-motorcycle market expands with new players like Revolt, Tork Motors, and Hero MotoCorp joining the race.
Stocks in news: Varun Beverages, Zomato, Indegene, Tata Motors, Tata Power, Zydus Life
Shares of Varun Beverages, Zomato, Jindal Steel and Tube Investments will be in focus as the companies will announce their fourth quarter results today.
Eicher Motors Q4 results: PAT jumps 18% YoY at Rs 1,070.45 crore. Rs 51/share dividend announced
Eicher Motors recorded an 18% YoY increase in consolidated net profit to Rs 1,070.45 crore for Q4 2024, with sequential growth of 7.5%. Total revenue reached Rs 4,256.04 crore, up 12% YoY. The board declared a final dividend of Rs 51 per share, totalling Rs 1,396.41 crore.
Tata Motors sees a relatively weak H1, set to shed net automotive debt though in FY25
Tata Motors anticipates achieving net automotive debt-free status in FY25 following record revenue, profits, and free cash flows. Its Indian business is debt-free. Despite caution regarding domestic demand in the first half, Tata Motors said it remains optimistic, particularly about the premium luxury segment, aiming for a robust performance in FY25.
Q4 results today: Tata Motors, Cipla among 87 companies to announce earnings
Q4 results today: Several other companies scheduled to release their financial results include Cholamandalam Finance, Eicher Motors, Finolex Industries, Jupiter LifeLine Hospitals, Kalyan Jewellers, Piramal Pharma, Punjab and Sind Bank, Spencers Retail, TCI Express, Thermax, and more.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 49%
It is after a long period of time that on Friday bears are visible in both segments of market, in the broader market like indices like Nifty and Sensex, but also in the broader market breadth. There is no major follow up in today's trading session, but given the fact valuations are expensive it would be better to still be cautious. In such times, stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Have some cash on sidelines; Kotak a good buy on dips; Titan too overvalued: Sandip Sabharwal
Sandip Sabharwal advises caution in the market due to uncertain valuations and growth trajectory. He highlights investment opportunities in auto companies, consumer goods, and infra firms amidst global economic shifts and upcoming elections. Sabharwal says: "Post results, Dabur looked like a decent proposition because it has underperformed for so many years and that is one consumer company which is saying that they are releasing growth uptake."
Here's why Hemang Jani is bullish on Tata Motors
I think it will be good to have a bit of caution having seen such a massive gain and also we should be watching out for the companies which are delivering very solid numbers to have a slightly better understanding of what could growth look like over the next quarters. I think it is a good time to kind of have a detailed look at the numbers, growth and valuations.
Follow-up buying could take Nifty higher: Analysts
US Markets are in oversold territory, and European indices have taken support near crucial moving averages, which mean a meaningful recovery can be expected from global equity markets.
Bajaj Auto aims to make 10,000 Triumph units a month by September, CFO says
Bajaj Auto targets 10,000 units monthly for Triumph motorcycles by September, with a robust financial performance driven by rural India's demand for entry-level models and steady mid-level motorcycle sales.
Global volatility, domestic solutions: 6 largecap stocks from different sectors with upside potential up to 47%
There are two things which have rattled the global markets. First is the confusion on how to interpret the statement/ data/minutes of the meeting of the US Fed. There is no clarity after the recent inflation number on how things will pan out. Second which has come after some gap is the geopolitical tensions, the development of possible war between Iran and Israel. This means disruption in trade as it is in an area which is logistically important and second, it will have an impact on crude oil prices, which means that inflation in the US may become more sticky. So, this time the probability of geopolitical tensions leading to higher disruption for the global economy and hence for the equity market is high. The next logical question is how to deal with it. The answer lies in history, whether it is geopolitical tension or interest rate cycle getting unexpected disruptions, they keep happening. What one has to focus on is stock selection and owning good business and volatility whether global or domestic is taken care of.
Q4 earnings preview: Auto sector revenue to grow 15% YoY on steady PV, 2W demand
Q4 auto sector is poised for revenue growth of 15% with EBITDA expected to rise by 28%. Brokerages foresee flat margins for some OEMs. Positive 2W demand trends noted. Top picks include TVS and Tata Motors.
Unstoppable bull run! Sensex scales Mt 75K, Nifty above 22,750 for first time
In a strong start to Tuesday's trading, Indian markets reached new highs despite a subdued performance by US markets the day before. The S&P BSE Sensex crossed the 75,000 milestone, hitting a record high of 75,124, while the Nifty50 also achieved a fresh peak of 22,765.
Eicher Motors shares jump 6% on UBS upgrade
With today's gains, the rally has extended to two sessions in a row. Over 13 lakh shares were trading on the NSE around 10:15 am with the traded value standing at Rs 531.50 crore. It was also the top Nifty gainer around this time.
M&M, Eicher Motors among 8 stocks that earned upgrades in last 1 month. Check revised target price
A host of brokerages have upgraded the target prices of several stocks in the last one month. Trendlyne data shows that 8 stocks, including M&M, Eicher Motors, Brittania, and Lemon Tree Hotels faced up to four analysts' target price upgrades in the last 1 month. Here's a list of these stocks:
Business strength, new RE launches to power up Eicher
RE’s domestic sales volume grew by 16% year-on-year to 6,30,273 units in the first nine months of the current fiscal year despite new bikes launched by Hero-Harley and Bajaj Triumph. The quarterly run-rate of the RE Classic 350 bike, the company’s highest selling bike, was 80,180 units during the period compared with 78,974 units in the comparable period a year ago. It suggests that the new bikes introduced by the competition have expanded the addressable market for RE’s premium bikes due to a strong franchise.
Eicher Motors shares decline 2% post Q3 results. Here's what brokerages recommend
The Royal Enfield motorcycle manufacturer on Tuesday reported a strong 34.4% year-on-year (YoY) growth in consolidated net profit for the quarter ended December to Rs 996 crore, and this was tad higher than an ETNow poll of Rs 969 crore.
Eicher Motors Q3 Results: Cons PAT rises 34% YoY to Rs 996 crore, beats estimates
Eicher Motors Q3 Results: Consolidated revenue from operations rose 12.3% YoY to Rs 4,179 crore, which too, was above the estimated Rs 4,048 crore. EBITDA grew 27% on year to Rs 1,090.43 crore and was largely on expected lines. Operating margin expanded 305 basis points on year to 26.09%.
Eicher Motors Q3 results today: Here's what to expect from the automaker
In the recent second quarter, the company posted 55% growth in its consolidated net profit to Rs 1,016 crore and revenue from operations increased 17% year-on-year (YoY) to Rs 4,115 crore.
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