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JK Tyre plans 11%-13% price hikes by September-end
JK Tyre plans product price increases of eleven to thirteen percent. These hikes will occur by the first half of fiscal year twenty twenty-seven. Rising input costs, including petroleum-based materials, drive these planned price adjustments. Rivals Apollo Tyres and CEAT have also implemented similar price increases. Strong vehicle sales provide tyre makers room to pass on higher expenses.
SBI Funds Management IPO GMP Today: What Grey Market Premium Signals Ahead Of July 14 Launch
The latest GMP suggests 13% listing pop
Stocks to buy: Nagaraj Shetti recommends Avantel, Jtekt India shares to buy in the short-term - livemint.com
Stocks to buy: Nagaraj Shetti recommends Avantel, Jtekt India shares to buy in the short-termlivemint.com
TVS Motor Company announces strategic partnership with Indian Oil
For sustainable cost-effective LPG cylinder distribution with TVS King Kargo HD vehicles
Motilal Oswal initiates coverage on this auto component maker with a 25% upside. 4 reasons why
Uno Minda shares rose after Motilal Oswal initiated coverage with a Buy call. The company benefits from industry trends like premiumization and the EV transition. Its diversified product portfolio and strong R&D capabilities support growth. FY27 is expected to be a transformational year for the auto component manufacturer.
Ather Energy shares gain 3% to hit 52-week high; check reasons inside
The upward movement came after the company issued a clarification on its fund-raising plans through a Qualified Institutions Placement (QIP).
11 Auto Stocks In Focus Ahead Of Q1 Results; Maruti Suzuki, TVS Motor, Minda Corp. Among Top Picks
The brokerage also remains positive on Steel Strips Wheels, Eicher Motors and more.
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.
BPCL buys 1 million barrels of US crude via tender, sources say
Bharat Petroleum Corporation has purchased one million barrels of US West Texas Intermediate crude oil. This significant purchase was made via a tender for August arrival. The Indian company acquired the oil from the trading house Vitol. This transaction occurred at a premium of approximately six dollars per barrel. Companies typically do not comment on such commercial matters.
Ather Energy among 4 stocks closed above VWAP, signalling bullish shift
On July 8, four stocks with a market capitalisation of over Rs 10,000 crore closed more than 1% above their Volume Weighted Average Price (VWAP), according to StockEdge's technical scan data. A move above the VWAP is considered a bullish technical signal, indicating strengthening buying interest and the potential for further upside in the near term.
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.
CEAT approves rights issue subscription in subsidiary, Tyresnmore Online
CEAT announced that it has approved an investment of up to Rs 2.74 crore in its wholly owned subsidiary, Tyresnmore Online, by subscribing to its rights issue.