Market News
Stay updated with the latest market trends, earnings, and economic indicators.
IT services stocks offer value despite AI concerns, says Mahindra Manulife Investment
Krishna Sanghavi, Chief Investment Officer - Equities at Mahindra Manulife Investment Management, favours private banks, manufacturing, capital goods and defence, citing policy support, corporate investment and India's shift towards bottom-up growth. Sanghavi added that upstream oil and gas companies with volume growth also remain attractive.
Buy, Sell Or Hold: Tata Capital, Swiggy, Varun Beverages, Wipro And Ola Electric — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
EV push threatens CNG and PNG market as city gas firms brace for volume and price pressure: Report
Electric vehicles are gaining ground fast in key city gas areas and the surge is starting to eat into CNG market share and could weigh on long-term PNG demand too, according to a report by brokerage firm Dolat Capital. This comes in contrast to City Gas Distributors cutting prices to defend market share against propane.
Tata Motors charts $100 billion automotive ambition, commits Rs 40,000 crore to India business
Tata Motors aims for a USD 100 billion automotive business by FY31. The company plans substantial capital expenditure for domestic operations and JLR. Passenger vehicles will focus on aspirational products and market share growth. Jaguar Land Rover will contribute significantly to the projected sales figures. Digital technologies and AI are key investments for future operations.
Uno Minda shares in focus as firm enters 4-wheeler seating systems segment with Rs 320-crore capex
Uno Minda is expanding into four-wheeler passenger vehicle seating systems. A new manufacturing facility will be established in Maharashtra. This facility represents a significant capital expenditure for the company. Operations are expected to begin in the fourth quarter of FY28. The company has secured an anchor order from a leading OEM.
Bajaj Auto buyback to close today: Should you tender shares in Rs 5,633 crore buyback? Here's what analysts say
The two-wheeler major launched its share buyback on July 1 as it aimed to buy back 46.94 lakh shares or 1.68% of the total paid-up share capital, with the record date being fixed on June 24.
South-based developers step up Mumbai play amid strong housing demand
Several large South Indian real estate developers are now entering Mumbai's property market. They are strategically focusing on redevelopment projects and joint development agreements. This approach offers a capital-efficient entry into India's most expensive housing market. Mumbai's sustained housing demand and redevelopment opportunities attract these new entrants. The trend is intensifying competition in the city's premium and mid-income housing segments.
Ather Energy is said to plan $200 million India share sale
The electric two-wheeler maker has appointed HSBC Holdings Plc, Axis Capital Ltd. and Nomura Holdings Inc. to manage the qualified institutional placement, the people said, asking not to be identified because the information is private.
Top picks! Redington among 5 stocks with upside potential of up to 27%. Do you own any?
Monarch Networth Capital has maintained Buy ratings on Pricol, Redington, Sundram Fasteners, Travel Food Services and Viyash Scientific, citing strong earnings growth, improving margins and business expansion. The brokerage sees upside potential of up to 27% across these stocks.
Crazy Snacks IPO Listing: Shares rally 10% after debuting at 5% premium from issue price despite muted GMP
Crazy Snacks shares debuted at ₹44 on July 3, rising 10% to ₹46.20 post-listing. The IPO was oversubscribed 1.20 times, with retail investors at 1.24 times. The company plans to utilize proceeds for capital expenditure and paying down debt.
Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI
Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered innovations, and BPCL is acquiring a stake in a Brazilian oil venture.
Tata Group-owned IHCL to invest Rs 6,000-7,500 crore in capex over five years: Chandrasekaran
Indian Hotels Company Limited (IHCL) is set to invest between Rs 6,000 crore and Rs 7,500 crore in capital expenditure over the next five years. Tata Group Chairman N Chandrasekaran revealed this at the company's AGM, highlighting plans for the upcoming 50-floor, 500-room Taj Bandstand in Mumbai, a project expected to cost around Rs 2,000 crore and become an iconic landmark.