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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.
Corporate Actions This Week: Asian Paints, HUL, Tata Power, LIC, Sona BLW Others To Trade Ex-Dividend | Full List
The listed companies have announced dividend payouts and income distribution that investors can benefit from June 22 and June 25.
Dividend Stocks To Watch This Week: Asian Paints, HUL, Tata Power, LIC, Sona BLW — Check Amount, Record Date
Dividend Stocks This Week
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Tata Power, Sona BLW shares on 1 June
Indian benchmark indices opened higher on June 1, supported by gains in IndiGo and Asian Paints. The NSE Nifty rose 0.38% and the BSE Sensex gained 0.36% amid positive Asian market sentiment and recovery after recent sell-offs.
Nifty has a positive undertone, but Street waits for a decisive breakout
Nifty is trading in a consolidation zone between 23,200 and 24,050. Analysts suggest buying on dips with a target of 23,900. Key sectors like banking and auto are showing strength. Specific stock recommendations include Tata Power, Sona BLW, L&T, Indian Energy Exchange, Nuvama Wealth Management, and Syrma SGS Technology for potential gains.
Stock market today: Gift Nifty signals gap-up start; election results, India VIX to Q4 results — 7 stocks to buy or sell
Stock market today: Experts recommend these eight stocks to buy today —Sona Blw Precision Forgings, Sai Life Sciences, Reliance, SAIL, GPPL, Thermax, and Tata Capital
Trade Spotlight: How should you trade BHEL, Dixon Technologies, Waaree Energies, Sona BLW Precision, Ather Energy, and others on April 13?
The market may see consolidation following the failure of the US-Iran talks to reach an agreement. Below are some short-term trading ideas to consider.