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Indian wholesale auto volumes exhibited a mixed trend in May, with the passenger vehicle (PV) segment reporting low single-digit year-on-year (YoY) growth, driven primarily by exports, while domestic demand stayed muted. In contrast, two-wheeler (2W) domestic demand remained healthy, with exports recording strong double-digit growth. Tractors saw high single-digit YoY growth, whereas commercial vehicle (CV)…
The Indian stock market logged a second consecutive week of consolidation, but also a third straight monthly gain, supported by steady institutional inflows and earnings momentum despite geopolitical and trade concerns. Next, investors will monitor key market triggers in the first week of the new month. Monetary Policy Committee (MPC) meeting by the Reserve Bank…
Bajaj Auto reported fourth-quarter profit above market estimates on Thursday, as higher motorcycle exports and foreign exchange gains made up for a slump in domestic demand. The company reported a profit of 20.49 billion rupees ($240 million) for the January-March period, compared with analysts’ average estimate of 19.95 billion rupees Bajaj, India’s top auto exporter…
Auto stocks in focus: Shares of Maruti Suzuki, MRF, Ashok Leyland, TVS Motor Company, Mahindra & Mahindra, and Eicher Motors are currently trading close to their record highs after maintaining a sustained upward trend in recent months. Among these, MRF — the most expensive stock in the Indian stock market — is just 1.02% away…
Multibagger auto stock: Pavna Industries share price touched 20% upper circuit limit during Thursday’s trading session following the company’s announcement of plans to raise up to ₹320 crores by issuing equity shares to qualified institutional buyers.
Mahindra and Mahindra (M&M) shares jumped more than 3 per cent after the Indian automaker announced its January to March quarter results on Monday, May 5, 2025. The automaker recorded a 13 per cent rise in its consolidated net profits to ₹3,542 crore for the fourth quarter of the financial year ended 2024-25, compared to…
The Indian stock market extended its recovery for the second consecutive week, registering nearly a one per cent gain amid a phase of consolidation. Gains were capped by profit booking amid escalating geopolitical tensions between India and Pakistan following the Pahalgam terrorist attack. Next, investors will monitor key market triggers in the upcoming holiday-shortened week,…
US stock indices edged higher on Tuesday after President Donald Trump hinted at potential exemptions for the 25% tariffs imposed on imports of autos and auto parts. But, worries overnew tariffs on pharma and semiconductor imports kept investors on edge. According to Federal Register filings, the Trump administration was proceeding with probes into imports of…
Auto Stocks: The earnings performance of most Original Equipment manufacturers (OEMS) is likely to remain muted during the January-March 2025 quarter or Q4FY25. The passenger vehicle sales growth remains in the slow lane as does that of two wheelers. The commercial Vehicles and tractor sales too have been a mixed bag. In the back drop…
TCS’ Q4 report card comes amid storm clouds over the global economy triggered by US now-on, now-off tariff posturing that has thrown the world into a tizzy. After days of stock market rout globally, and in the US, President Donald Trump declared, just hours ago, a three-month pause on reciprocal tariffs. The breather marked a…