M&M Financial Services falls over 8% post Q3 results; MS cuts target price
The loan provisions and write offs rose 51% year-on-year to Rs 276 crore while the total income grew by 12% to Rs 1,522 crore during the quarter.
View ArticleRecommend auto sector over oil and gas: Kunj Bansal
In terms of subsidy sharing, it is still not clear as to what will be the share that will be shared upstream companies like ONGC etc.
View ArticleSingapore govt picks up shares worth Rs 115 crore in Mahindra CIE
Singapore government today acquired shares worth Rs 115 crore in in Mahindra CIE Automotive in a bulk transaction on BSE.
View ArticleTata Motors rallies over 3% to fresh life high on growth plans; top Sensex...
Led by the Bolt launch and two more offerings expected in 2015, Tata Motors is aiming to outpace the local auto market in the next fiscal year.
View ArticleMaruti Suzuki Q3 net profit up 17.7% YoY; stock rallies over 1%
Total income for the carmaker increased to Rs 12,704.72 crore for the December quarter, compared with Rs 11,010.79 crore in the year-ago quarter.
View ArticleTata Motors to launch Rs 7,500-crore rights issue
Tata Motors will launch its biggest ever rights issue and the country’s third biggest to pay for expansion and retire debt.
View ArticleMaruti Suzuki Q3 net profit rises 18% at Rs 802 crore
Net sales during the quarter stood at Rs 12,263.14 crore, up 15.5 per cent against Rs 10,619.68 crore in the same period previous fiscal.
View ArticlePositive on auto and auto ancillary stocks, buy on dips: Prakash Diwan
'Buying into dips' is going to work out well because we are worried about valuations, Diwan said. he sees demand for two-wheelers and cars picking pace.
View ArticleTata Motors slips over 1% despite plans to launch Rs 7500 crore rights issue
Tata Motors intends to offer additional shares to its shareholders and raise Rs 7,500 cr with the quantum, pricing and timing to be decided later.
View ArticleInvestors in mid-cap funds rake in the moolah as companies like Ashok Leyland...
Investors in top mid-cap mutual fund schemes have raked in big money in the past year as the sharp rally in smaller shares helped this category outperform others.
View ArticleHow RBI’s repo rate cut will impact your financial goals
The rate at which banks borrow money from the RBI is known as repo rate. Therefore, a higher repo rate means a higher residual borrowing cost for the banks and vice versa.
View ArticleUnion Budget 2015: Government earmarks Rs 75 crore for electric vehicles in...
"Govt is also launching a scheme for faster adoption and manufacturing of electric vehicles (FAME) with an initial outlay of Rs 75 crore," Arun Jaitley said.
View ArticleCommercial banks' non-food credit rises by 8.9 per cent: RBI
Non-food credit of scheduled commercial banks rose by 8.9 per cent on a year-on-year basis to Rs 60,41,400 crore in April, according to RBI data released today.
View ArticleMahindra CIE to Acquire Bill Forge in Rs 1,332 deal
Post the takeover, the share of CIE subsidiary PIA in Mahindra CIE will be 51.39 per cent, while that of Mahindra Group unit MVML will reduce to 17.26%.
View ArticleM&M Finance results show asset quality is a problem: Hemindra Hazari
'M&M Finance results also indicate that asset quality is emerging as a problem even for a very well managed company like M&M.
View ArticleCLSA downgrades Bajaj Auto, Hero as 2-wheelers demand dips
Hero MotoCorp was at Rs 2,960, down 0.57 per cent, on the BSE. It touched a high of Rs 2,998.65 and a low of Rs 2,954.05 in trade today.
View ArticleSell Hero Motocorp Ltd with a target Rs 2900: Ashwani Gujral
Hero Motocorp Ltd is a 'SELL' call with a target of Rs 2900 and a stop loss of Rs 3000
View ArticleBajaj Auto Q3 net down 4.78% at Rs 861.24 crore
Sale of motorcycles during the period stood at 8,45,000 units, while that of three-wheeler commercial vehicles were at 1,39,000 units.
View ArticleTwo wheelers look more attractive than commercial vehicles in auto space:...
I would play it little more cautiously versus the two wheeler space which is more again consumer discretionary kind of a play to go about.
View ArticleSlowing local sales and uncertain global economy weigh on Bajaj auto
Export sales volumes, which include motorcycles and three-wheelers, now account for nearly half of its total sales volumes.
View ArticleNot bullish on auto component companies; hold for later: Ambareesh Baliga
You first have top companies moving up and in this case we had Bharat Forge, Motherson Sumi and a host of other companies moving up initially.
View ArticleMaruti, Ashok Leyland good bets in the auto sector: Ambareesh Baliga
Growth has been quite decent and at the same time, the way the yen is behaving is also quite positive for Maruti overall.
View ArticleMahindra & Mahindra Ltd will benefit from rise in FDI in defence: P Phani Sekhar
'They will emerge as one of the front runners when it comes to partnering foreign companies whenever FDI in defence becomes a reality.'
View ArticlePricol to buy Brazil-based auto company; stock rallies
Pricol surged in rangebound trade after the company proposed to acquire 99.99% stake in a Brazil-based auto component manufacturing co.
View ArticleTime ripe for a rate cut? October IIP data worst in 3 years; Nov CPI eases to...
On Wednesday, Rajan had said interest rate action alone won’t lift the economy after lawmakers, backed by Finance Minister Arun Jaitley, called for cuts.
View ArticleMotherson Sumi shares up 4% on acquisition deal with Germany's Scherer & Trier
The consideration payable is about Rs 283 crore for the assets including land, building and inventories along with its shareholding in Mexican entities.
View ArticleSell Apollo Tyres with a target of Rs 204: Mitesh Thacker
"Apollo Tyres is a 'SELL' call with a target of Rs 204 ."
View ArticleExide Industries, Jubilant Foodworks, Asian Paints, ITC to benefit once GST...
'The Bill may take some time to get implemented given uncertainties at every step of launching it. It is also too early to quantify the gains/losses for specific companies.'
View ArticleSell Hero MotoCorp Ltd for target of Rs 2,940: Prakash Gaba
In a chat with ET Now, Prakash Gaba, CFT, prakashgaba.com shares his viw on Hero MotoCorp Ltd.
View ArticleSome auto sector stocks like Bosch, MRF and Eicher Motors futures contracts...
The share price of MRF is Rs 37,500, while the minimum lot size of its futures contracts is 125 on the NSE. So, if a trader buys one lot of MRF.
View ArticleRural sector will pose problems for auto sector: Hemindra Hazari
The global commodity prices for agriculture have come off quite steeply. Even NREGA expenditure has been severely curtailed this year.
View ArticleWhy is Bajaj Auto subdued despite order for 1.25 lakh bikes?
The company recently held analysts meet to discuss its business strategy. It plans to introduce new bikes to regain its market share.
View ArticleFord to start automotive financing in India in early next year
US-based auto maker Ford will start automotive financing in India by first quarter of next year with its financing arm, Ford Credit India getting licence from the Reserve Bank to operate as a...
View ArticleGST will have a positive effect on the auto ancillary space: Prakash Diwan
We are looking at a whole set of new players within the auto ancillary pack which would benefit from the downstream, trickledown effect.
View ArticleSensex opens in green; auto stocks up
“The bounce-back has taken many market participants by surprise and many will thank their luck that stocks are moving up after recent jitters."
View ArticleRico Auto shares up over 8%
The scrip went up by 7.57 per cent to settle at Rs 49.75 on the BSE. In intra-day session, it jumped 11.35 per cent to 52-week high of Rs 51.50.
View ArticleLoans will be cheaper, but banking services to be expensive in 2015
There was some relief for home loan customers in the Budget. The deduction limit for home loan interest was raised from Rs 1.5L to Rs 2L a year.
View ArticleLook for value stocks in the year 2015, say experts; auto stocks in top picks
Most of the mid and small cap stocks have rallied largely on account of reform push by the Modi govt, but the rally is not over yet.
View ArticleEicher, M&M, Maruti under pressure as government may not extend auto sops
Share of automobile manufacturers were witnessing selling pressure following reports that the govt may not continue excise duty cuts.
View ArticleBajaj Corp gains on approval to hike FII limit to 49%
Bajaj Corp moved higher in early trade after shareholders approved proposal to hike FII investment limit upto 49% from present 24%.
View ArticleOil & gas, auto, tourism to outperform in 2015: Emkay
Some of the sectors that would be positively impacted and deliver positive returns for investors are pvt sector banks, power and auto.
View ArticleOptimistic on auto, auto ancillaries: Mayuresh Joshi, Angel Broking
Our take was that the excise duty was probably going to get rolled back. Markets were factoring in that piece of information probably coming through.
View ArticleMaruti Suzuki rallies over 3%, hits fresh 52-week high; analysts' see further...
The stock rallied for third straight day in a row after the country's largest car-maker reported a 20.8 per cent increase in total sale.
View ArticleAuto remains preferred sector: Taher Badshah
It is going to be a decent quarter. Some of the macro drivers for the sector are still in place and while it might derail.
View ArticleAshok Leyland shares surge over 9 per cent after strong sales in December
Hinduja Group flagship company Ashok Leyland today reported 48.04 per cent jump in its total sales at 9,290 units in December 2014.
View ArticleAnalysts stay bullish on Maruti stock even after its 89% run-up in 2014
The company’s stock seems richly valued on the basis of the price-to-earnings (P/E) multiple, which is currently at a historical high of 22.
View ArticleCommercial vehicle companies look good on the charts: Deven Choksey
On the passenger vehicle segment, due to the sharp increase in the excise duty because of the withdrawal of stimulus, there could be some break.
View ArticleBullish on auto components space: Prakash Diwan
The largest suppliers to all clutches that get used in India in the CV segment and now they are getting global with it, so you will have to find companies.
View ArticleBuy Setco Auto in auto ancillary space: Prakash Diwan
If you look at the kind of turnaround in the CV cycle that we have been talking about one of the beneficiaries of that is an ancillary company called Setco Auto.
View ArticleHot stock: Ashok Leyland surges 20% in 6 sessions; more upside seen
The company reported 48 per cent jump in sales at 9,290 units in December 2014 against 6,275 units during the same month of 2013.
View Article
More Pages to Explore .....