[ad_1] Jamna Auto Industries Ltd., the auto component and equipment manufacturer, has given multibagger returns from the low levels of covid in the last two years and the technical parameters show that the rally is not over yet. The stock gained momentum after hitting a low of Rs 21 on 24 March 2020. It closed at Rs 128 on 6 July 2022 with a gain of over 500 per cent. The data shows that the stock has gained nearly 50 per cent last year. The momentum remains strong as the…
Tag: Auto
Nifty 50: Select companies from auto, finance, IT, oil and gas sectors to lead the Q1 show
[ad_1] The all-India average cement price rose 5.7% year-on-year to ₹390 per 50 kg in the June 2022 quarter. essence Samples’ total revenue for the June quarter is expected to grow 37.2% year-on-year, according to ETIG estimates. This will be the sixth consecutive quarter for double-digit topline growth. Net profit is likely to grow 43.6% on account of a sharp jump of three times in the year-ago quarter due to a lower base in the June 2020 quarter, which was badly hit by the first Covid wave. Mumbai: Nifty 50…
ITC Stock: Big movers on D-ST: What should investors do with Jamna Auto, IDFC First Bank and ITC?
[ad_1] Supported by positive global cues, the Indian market on Monday broke its three-day losing streak. The S&P BSE Sensex rose over 300 points, while the Nifty 50 closed above the 15,800 level. Sector wise, buying was witnessed in FMCG, banks, capital goods and consumer durables, while selling pressure was witnessed in metal, energy, oil & gas and IT stocks. The stocks that were in focus included names like Which rose over 4 percent, rose over 5 percent, and hit a 52-week high and closed with a gain of nearly…
HDFC AGM: Corporate Radar: Bajaj Auto, Biocon to turn ex-dividend; MMTC Q4 Earnings, HDFC AGM & More
[ad_1] New Delhi: Several board meetings and corporate actions are scheduled for Thursday. Shares of 19 companies – A-1 Acid (Rs 1.5 per share), Bajaj Auto (Rs 140 per share), Bajaj Finance (Rs 20 per share), Bajaj Finserv (Rs 4 per share), Bajaj Holdings (Rs 25 per share) ) share), Biocon (0.5 per share), Escorts Kubota (Rs 7 per share), Gandhi Special Tubes (Rs 10 per share), Larsen & Toubro Infotech (Rs 30 per share), (Rs 80 per share), (Rs 7.5 per share), (Rs 7 per share), PTL Enterprises (Rs…
Bajaj Auto News: Bajaj Auto gets sales rating post share buyback announcement
[ad_1] After the announcement of share buyback, Bajaj Auto Stock Received a rating cut from ‘Buy’ to ‘Sell’ from Broking. On the other hand, foreign brokerage City Citi maintained its ‘Sell’ rating on the stock. To be sure, out of 46 analysts’ recommendations over the counter, 30 are still buy calls, another 13 suggest a hold over the counter and Reliance Securities’ downgrade comes mainly on account of a possible slowdown in export business. On Tuesday, the stock gained 0.46 per cent to Rs 3880 per piece. On share buybacks,…
Auto Share: Auto likely to be in the limelight; M&M, BEML can give more than 20% returns in 3-6 months: Mehul Kothari
[ad_1] “The recent rally in auto stocks is on account of falling metal prices, improving chip availability and attractive valuations as well as adding tailwinds to the sector due to a good monsoon and expected pick-up in new launches ahead of the festive season.” Mehul Kothari – AVP – Technical Research, Anand Rathi Shares & Stock Brokers. In an interview with ETMarkets, Kothari said: “We can see Nifty moving towards the 16000 – 16200 mark in the coming weeks. But, breaking this zone will be difficult as it is a…
Auto stocks: Softening commodity prices lift auto stocks
[ad_1] Mumbai: shares Automobile makers rallied on Thursday as a recent fall in global commodities, including metals, prompted investors to embrace some battered names. BSE Auto Index Jumped 4.4% to emerge as the top sector gainer on Thursday Maruti Suzuki Indiashares rose 6.3% to 8,274.60. Eicher Motors, Mahindra & Mahindra, and grew between 3.6% and 6%. The Sensex closed at 52,265,72 with a gain of 0.86%. Kunj Bansal, CIO, investment-literacy.com said, “Investors are seeing opportunities in auto due to the fall in metal prices, while there are signs of strong…
Auto Stock: PV or 2-Wheeler? How to play the upcoming rally in the auto sector
[ad_1] NEW DELHI: At a time when the market was bullish, the auto sector declined. And now, when the market is in complete disarray, strength seems to have returned to auto counters, helped by healthy volumes and commodity gains after the government took steps to reduce steel prices. are supposed to. nifty The auto index trades flat with a positive bias on a year-on-year (YTD) basis as against 13 per cent decline in the benchmark Nifty 50. Vikas Khemani, Founder, Carnelian Capital Advisors said that automobile is a good business…
Stocks: Banks, Auto and IT Top buys by fund managers in May
[ad_1] Large mutual funds buy shares of lenders, automobile manufacturers and select stocks This Companies in May as they stuck to the beat shares Amid uncertainty over the near-term market outlook. In May, the Nifty fell 3%, partly due to selloff in IT stocks that are down an average of 20-25% from their highs. some fund manager Lower price levels are used to buy stocks such as And . Fund managers also bought underperforming auto like stock and Mahindra & Mahindra where growth has been muted due to chip shortages,…