Top intraday trading ideas for afternoon trade on Tuesday, January 14, 2020
Bajaj Auto is a 'Buy' call with a target price of Rs 3250 and a stop loss of Rs 3050.
Sebi puts off deadline for splitting CMD post by 2 yrs
Monday’s extension irked corporate governance experts.
Share market update: PSU shares trade lower; HPCL slumps 5%
The Nifty PSE index was trading 2.13 per cent down at 3180.80.
Share market update: Telecom shares fall; Tejas Network slumps 4%
The S&P BSE Telecom index was trading 1.31 per cent down at 1097.60.
Stock market update: Cement stocks slump; Udaipur Cement dips 5%
Udaipur Cement Works, Andhra Cements and Saurashtra Cement were the top losers.
New launches draw family buyers back to MPVs, Maruti Suzuki Ertiga drive segment to 35% growth in 2019
Led by a series of new launches, the multiple purpose vehicles (MPV), or family cars, are back. The segment registered 35% growth in 2019 to 2.2 lakh units, with cars priced between Rs 6 lakh and Rs 25 lakh. By contrast, most segments of the automotive market contracted, often in double digits. So, the share of MPVs in India has risen from 5% to 8%.
Tata Motors to showcase 26 vehicles at Auto Expo 2020, including 4 global unveils
The company is building a common connected vehicle architecture, which will serve the entire portfolio across commercial, passenger and electric vehicles to enable the extended digital ecosystem of its customers.
Tata Motors global sales dip 3% to 97,348 units in December
Global wholesale units of all Tata Motors' commercial vehicles and Tata Daewoo range last month stood at 34,526 units, down 15 per cent, from December 2018, the company said in a statement. The company's global sales of all passenger vehicles were at 62,822 units, up 5 per cent from December 2018.
Auto-maker Ather plans to ramp up operations
As part of its expansion plan, the auto-maker plans to take Ather Space across key cities like Coimbatore. The company would design the retail space and experience for its dealer partners with focus on its holistic experience-led model. The experience centres would allow prospective consumers to test-ride and get hands-on with Athers intelligent and connected product portfolio.
Financials, auto, IT & pharma to lead Q3 earnings: Deven Choksey
Banks are monetising their assets, selling part stakes in their investment portfolios and getting out of the non-core activities. They would have better profits to talk about. Financials clearly look winners in this particular quarter results. Auto and auto ancillaries would probably have a relatively better quarter on a sequential basis. Many commodity stocks are likely to show better performance.
Share market update: Auto shares in the red; Eicher Motors down 1%
The Nifty Auto index was trading 0.31 per cent down at 7977.90.
Stock market update: Private banks slump; Axis Bank fall over 1%
The Nifty Private Bank index was trading 0.87 per cent down at 17233.8.
Passenger vehicle exports rise 6 per cent in April-Dec; Hyundai, Ford lead the pack
Car shipments saw 4.44 per cent growth at 4,04,552 units, while utility vehicle exports saw a rise of 11.14 per cent at 1,33,511 units during the April-December period, the Society of Indian Automobile Manufacturers' data showed.
Stock market update: Auto stocks advance; Hero Moto gains over 1%
The Nifty Auto index was trading 0.48 per cent up at 8,194.2.
Auto stocks on slow road to recovery; Bajaj, M&M & Escorts best bets: HSBC
“2019 was the weakest year for Indian autos in decades. Weak macros, tight liquidity, uncertainty around tax stimulus and regulations all impacted demand,” said HSBC's analysts Yogesh Aggarwal, Vivek Gedda and Kushan Parikh in a client note. HSBC said sales could bounce back in 2020, particularly for passenger vehicles but the ‘demand pull remains mediocre at best’.
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