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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.
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.
Tata Motors PV targets 10x volume growth by FY30; Chairman N Chandrasekaran aims for 20% market share
Tata Motors Passenger Vehicles aims for ten-fold volume growth by FY30. The company targets over 1.2 million vehicle sales and 20 percent market share. Significant investments in digital technologies and AI are planned across the value chain. Collaboration with Jaguar Land Rover leverages complementary strengths in manufacturing and technology. The company is committed to electric vehicle transition and future mobility.
Uno Minda to invest Rs 320 cr in new plant for four-wheeler PV seating systems
Uno Minda will invest Rs 320 crore in a new manufacturing facility. This plant will enter the four-wheeler passenger vehicle seating systems segment. The facility in Maharashtra is expected to begin operations by Q4FY28. This strategic move aims to increase per-vehicle value potential significantly. The project is a joint venture with Japan's TACHI-S Company Ltd.
Stocks to Watch for July 8: Cochin Shipyard, RCF, Uno Minda and more
From RCF board approving a fund raise up to ₹1,500 crore via FPO to Advait Energy Transitions securing a ₹51.62 crore turnkey contract, these are some stocks to track ahead of Wednesday trading session.
To ride the EV wave, M&M takes premium path, Tata Motors bets on scale
Mahindra and Tata Motors are adopting distinct electric vehicle strategies for India's growing market. Mahindra focuses on premium e-SUVs and profitability, planning six new models by FY31. Tata Motors targets broader scale with a wider product range and powertrain options. Tata aims for EVs to be thirty percent of its passenger vehicle sales. Analysts are divided on which company's approach will yield greater shareholder value.
'Treat EVs like gadgets': Tata Electric Mobility CCO Vivek Srivatsa on resale fears, Sierra EV, price parity with ICE and why Gen Z is the next big bet
In an exclusive interview with ET, Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility, speaks about the Sierra EV's target audience, the resale value challenge, Battery-as-a-Service, Gen Zs as the next wave of buyers, and Tata's road to closing the price gap between EVs and their petrol equivalents.
NSE targets September launch for Rs 30,000-crore IPO after Sebi nod
The National Stock Exchange (NSE) is targeting to launch its much-awaited initial public offering (IPO), estimated at around Rs 30,000 crore, in September, people familiar with the development said on Monday. The mega IPO is expected to value the country's largest stock exchange at over Rs 5 lakh crore. The exchange will soon begin roadshows for the IPO. If successful, the issue will surpass Hyundai Motor India's Rs 27,870-crore public offering launched in October 2024. The proposed public issue will be entirely an offer for sale (OFS) of 14.89 crore equity shares, with existing shareholders collectively divesting nearly 6 per cent of the exchange's equity, according to the draft red herring prospectus (DRHP) filed in June. NSE has around 1.8 lakh shareholders. Among the major shareholders selling their stake, State Bank of India will offload up to 2.48 crore shares, followed by MS Strategic (Mauritius) Ltd with 1.60 crore shares. Other shareholders proposing to sell shares includ
Sensex jumps over 500 points, Nifty tops 24,150 as oil slips below $70/bbl on US-Iran peace talks
Indian stock markets saw a second day of gains, with Sensex and Nifty inching up as oil prices plummeted to $70 a barrel amid US-Iran peace talks. Tech stocks like Infosys led the charge, while broader markets also traded higher. Analysts point to falling crude, strong auto sales, and tapering FII selling as positive near-term drivers, though monsoon progress remains a watch point.
Sensex Today | Stock Market Live Updates: KPIT Tech extends losses to 15%; Nifty above 23,950
Sensex Today | Stock Market Live Updates: The markets are moving with some level of caution and a positive bias. The Nifty is moving with an uptick of over 50 points, rising towards the 24,000 mark. The Nifty Bank index is largely flat, trading around the 57,500 mark. M&M, Eternal and Nestle India are thetop gainers.
Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex rises over 150 pts, Nifty above 23,900; M&M, Adani Ports up 2% each - The Economic Times
Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex rises over 150 pts, Nifty above 23,900; M&M, Adani Ports up 2% eachThe Economic TimesClosing Bell: Sensex, Nifty end lower in volatile June expiry session; pharma, realty buck trendMoneycontrol.comSensex today | Stock Market Live: Sensex rises 500 pts, Nifty crosses 24,000; KPIT hits 52-week low, tanks 15%BusinessLine
Market Trading Guide: Ather Energy among 4 stocks to buy on Wednesday
Nifty ended 80 points lower on monthly expiry, forming a bearish candle, but analysts maintained a positive outlook above the 21-DMA. They recommended ITC Hotels, Aptus Value Housing, Ather Energy and Solar Industries, citing bullish technical setups and breakout patterns.