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Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Ather Energy shares rally 270% in one year, but Nomura sees 22% more upside. Here’s why
Nomura increased Ather Energy's target price, expecting electric two-wheeler trends to accelerate. The brokerage sees Ather as a top pick to benefit from this EV momentum. New affordable scooter launches and a new plant will address a key market segment. Revenue growth is projected at 54% and 57% for FY27 and FY28. EBITDA is expected to improve, with PAT breakeven anticipated in FY29.
Aegis Logistics among 4 stocks that closed below VWAP
Four Nifty500 stocks, Balkrishna Industries, Aegis Logistics, PhysicsWallah and OneSource Specialty Pharma, closed over 3% below VWAP, highlighting bearish sentiment and weakening price momentum.
Ajit Mishra recommends buy on Aether Energy, Sun Pharma; sell on ITC
Ajit Mishra of Religare Broking says that Ather Energy and Sun Pharma have a given a upside breakout after a period of consolidation, while ITC seems to be losing momentum on charts.
Market Trading Guide: Ather Energy among 2 stock recommendations for Thursday
Indian markets declined sharply as rising crude prices, higher bond yields and renewed West Asia tensions hurt sentiment. Technical analysts recommended Alkyl Amines Chemicals and Ather Energy, citing bullish trends, strong momentum and favourable technical indicators.
Auto retail sales surge 22% to record 2.56 million in June; Dealers expectgrowth momentumto continue withrains picking up
Vehicle retail sales reached a record high in June, showing a significant year-on-year increase. This robust growth was supported by strong demand across various vehicle segments. Improved supplies and easing crude oil prices are expected to sustain this positive momentum. Two-wheeler sales saw a notable rise, with electric models gaining significant market share. Rural markets demonstrated strong traction in commercial vehicle sales, indicating broad economic recovery.
Nomura names M&M, Hyundai, Ather Energy as top picks after June auto sales; says EV penetration at inflection point
Nomura remains positive on India's automobile sector after strong June sales, saying electric vehicle adoption has reached an inflection point. The brokerage expects continued momentum driven by new launches and improving charging infrastructure, while naming Mahindra & Mahindra, Hyundai Motor India, Ather Energy and Sona BLW among its top picks.
Apollo Hospitals among 8 largecap stocks hit 52-week highs, rally up to 12% in a month
Indian markets remained firm with Sensex closing higher, supporting momentum in largecap stocks. Eight companies, including Apollo Hospitals and Bosch, hit 52-week highs amid sustained buying interest. Gains of up to 12% in a month highlight strong investor confidence and continued bullish sentiment in select sectors.
Exide Industries among 4 stocks flashing bullish signals, hinting at a possible uptrend
On July 2, four stocks in the Nifty200 appeared on the 'White Marubozu' bullish scanner, according to StockEdge's technical scan data. The bullish candlestick pattern indicates strong buying momentum throughout the trading session, signalling sustained positive sentiment and the potential for a continuation of the upward price trend.
Tata Motors CV, Ashok Leyland gain 2% on healthy volume growth in June
Looking ahead, while commodity pressures will persist, Tata Motors expects the momentum to continue, driven by gradual improvement in customer sentiment which had seen softening during June quarter.
TVS Motor rises 3% on record quarterly sales of 16.31 lakh units
TVS Motor shares rose on Thursday after the company reported record quarterly sales of 16.31 lakh units in Q1 FY2026-27, driven by strong domestic demand, exports, and electric-vehicle sales. June sales surged 47% year-on-year, while the stock continued to show positive long-term momentum despite neutral technical indicators.
Tata Motors CV posts strong June sales; EV volumes jump four-fold in Q1
Tata Motors reported a 35% year-on-year rise in June commercial vehicle sales, driven by strong domestic demand and an 83% jump in international business, while electric CV volumes continued to gain momentum.