Page 21 - Auto Stocks

Sensex, Nifty tick higher to fresh records; auto stocks in top gear

Rising for the third straight session, the Sensex ended 29.41 points or 0.05 per cent higher at its new closing peak of 60,077.88

Auto PLI scheme focuses on EVs; Tata Motors, Bajaj Auto to gain: Analysts

The timing of the Auto PLI scheme has to be seen in the context of investment leaving China due to regulatory crackdown, say analysts

India's lagging automobile stocks face risk of festival season fizzle

Below-normal monsoon rains that have impacted rural demand and the risk of an impending third coronavirus wave are posing a challenge for Indian vehicle makers

'Markets aren't prepared for a phase of slowdown', says Bernstein MD

Venugopal Garre says there is some downside risk to the market at this juncture and investors should start looking at selectively taking money off the table

Sectoral flows hint foreign portfolio investors in defensive mood

In August, they invested the highest sum into fast-moving consumer goods (FMCG) stocks, while yanking out money from high-beta sectors such as auto and banking.

M&M shares slip 2% as company stares at production cut due to chip shortage

Shares of Mahindra & Mahindra on Thursday slipped over 2 per cent after the company said its production will be cut by up to 25 per cent due to semiconductor shortage. The stock declined 2.29 per cent to close at Rs 752.50 on BSE. During the day, it dipped 2.60 per cent to Rs 750.10. It was the biggest drag among the BSE 30-share frontline companies list. At NSE, it went lower by 2.26 per cent to close at Rs 752.45. In a regulatory filing, the company said its automotive division continues to face a supply shortage of semiconductors, which further accentuated due to COVID-19 lockdowns in some parts of the world. "Consequently, the company will be observing 'No Production Days' of around 7 days in its automotive division plants in the month of September 2021," it added. The move is estimated to result in a "reduction in production volumes of the automotive division in September 2021, by 20-25 per cent", it said. In August, the company sold 15,973 units of passenger vehicles in th

Chip shortage, rising input costs: Auto stocks may remain underperformers

To counter the rise in input costs, Maruti plans to hike prices across-the-board from September, making it the fourth such increase this year

Tech view: Use dips to add auto stocks despite chip shortage concerns

Maruti Suzuki, Tata motors and M&M may see weakness at current levels, but the medium-term trend is highly bullish

After underperforming broader mkt, Escorts zooms back onto investors' radar

Its stock price has risen 13.4% this month, against 2.1% fall in BSE Auto index

Stocks to watch: HDFC, Adani Entp, IDFC First, Bandhan Bank, auto stocks

Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants

Two auto stocks that Vaishali Parekh believes can be good bets

Parekh suggests buying and accumulating M&M stock for an upside target of Rs 820-850, keeping the stop loss of Rs 710

SML Isuzu, Force Motors rally up to 47% so far in July on robust June sales

SML Isuzu rallied 15 per cent to Rs 692 in the intra-day trade today and has surged 38 per cent in the past two trading days

Indian shares rise on auto, financials boost; June CPI data awaited

Auto and financial stocks boosted Indian shares on Monday, ahead of the release of retail inflation data for June, with investors preparing for major corporate earnings due later in the week

Semi-conductor shortages: Why did Tata Motors' warning spook investors?

JLR acco­u­nts for half the company's global unit sales and nearly 80 per cent of its consolidated revenues

Stocks to watch: Vodafone Idea, SpiceJet, Union Bank, Dish TV, auto stocks

Shares of auto companies will be in focus as firms will release their sales figures for the month of June

Stocks to watch: ITC, Narayana Hrudayalaya, Magma Fincorp, auto stocks

State-owned Canara Bank on Monday said it has appointed S K Majumdar as its chief financial officer (CFO) with immediate effect

Tata Motors DVR hits 33-month high, surges 20% in a week

According to a Business Standard report, Tata Motors DVR, Intellect Design and SKF India could be added to the MSCI Smallcap index after the index provider does its semi-annual review

Bajaj Auto races ahead of its rival Hero MotoCorp on the bourses

The m-cap gap is widest despite Hero's better sales and volumes

Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks

Tata Consultancy Services (TCS) on Friday said Samir Seksaria will take over as the company's Chief Financial Officer on May 1, 2021

Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks

Tata Consultancy Services (TCS) on Friday said Samir Seksaria will take over as the company's Chief Financial Officer on May 1, 2021