Stocks to Watch today: Tata Motors signed the biggest-ever EV fleet order in India with the largest fully-electric ride-hailing service firm - BluSmart Mobility for delivering 10,000 Xpres-T EVs.
According to the technical analyst from Anand Rathi, Maruti is witnessing a formation of double bottom near Rs 7,600 mark, while NOCIL has seen a breakout above Rs 265 level.
Haryana Chief Minister Manohar Lal Khattar on Tuesday said that setting up Maruti's 3rd plant in Kharkhoda will give a boost to auto industry in state.In the past few years, Haryana has made rapid strides on several fronts including industrial development under the guidance and leadership of Chief Minister, Manohar Lal. Haryana Government is actively working towards making Haryana an industrial and automobile hub, read an official statement from Haryana government.The growth in automobile sector in Haryana can be gauged by the fact that Maruti is coming up with its 3rd plant in the state. Maruti Suzuki India Limited (MSIL)/ Suzuki Motorcycle India Private Limited (SMIPL) and Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC) are all set to sign an agreement for the allotment of 800-acre & 100 acre land at IMT Kharkhoda, respectively, in a ceremony being organised on May 19, 2022 in the presence of Chief Minister Manohar Lal.This event would .
The Nifty Auto index is slowly inching towards 200-DMA; above which the index can gain up to 4 per cent.
Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.
IT stocks are likely to be in focus ahead of the earnings season and likely benefit from the India-Australia trade deal.
The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 2 per cent rise in total wholesales to 1,70,395 units in March.
Reliance Retail Ventures, a subsidiary of Reliance Industries, has bought 89 per cent stake in Purple Panda Fashions for Rs 950 crore.
Paytm is likely to be in focus after RBI's ban on fresh onboarding of customers to its arm Paytm Payments Bank with immediate effect over the weekend.
Auto stocks are likely to react to the monthly sales reported over the last two days. Tata Motors and M&M sales reported strong sales.
If companies end up manufacturing vehicles according to plan, production is likely to exceed the pre-Covid volumes of Q4FY20
The feat has been achieved after a gap of 11 years with new Baleno leading the pack
At 10:42 am; Nifty Auto index, the top gainer among sectoral indices, was up 1.6 per cent, as compared to 0.39 per cent decline in the Nifty50 index.
Auto majors Maruti and Tata Motors are likely to be in focus today, the former for registering highest exports in a calendar year, and the latter for becoming the second largest PV seller in India.
Automobile shares may breakout after crossing significant resistances
Auto stocks are likely to be in focus as the stocks could react to the monthly sales numbers.
Maruti Suzuki India (MSI) is currently analysing customer feedback to ascertain if the Jimny brand can be introduced in India
Telecom shares may be in demand on credit of bank guarantee to the telcos
Traders may keep positions light owing to the weekend factor as uncertainty lingers around the threat of Omicron variant
Stocks bearing breakout on moving averages, price strength and technical indicators are ready to see steady upside of up to 9 per cent