Budget 2020

Pick up IT & auto stocks if market falls 5-10%: Deepak Shenoy

I would avoid FMCG and a lot of the pharma pack but pick up IT and auto and auto ancillaries if they were to come down another 5% or 10%, says Deepak Shenoy, Founder, Capital Mind. How are you advising clients to play the volatility in the markets?To be fair, there is a small correction […]

Budget 2020

Stock market update: Nifty Auto index sheds over 2%; Mahindra & Mahindra tanks 5%

NEW DELHI: Nifty Auto index was trading on a negative note at 02:18PM (IST) on Monday. Shares of Mahindra & Mahindra (down 5.03 per cent), Bosch (down 3.62 per cent), Eicher Motors (down 2.96 per cent), Bharat Forge (down 2.89 per cent) and TVS Motor Company (down 2.86 per cent) were the top losers in […]

Budget 2020

Brokerages increase Bajaj Auto target price after Q3 results

Mumbai: Analysts have raised price targets on Bajaj Auto after the company reported a 23% year-on-year rise in profit to a record Rs 1,556 crore for the December quarter. Shares of Bajaj Auto ended up 10.45% on the back of strong result and target price upgrades. HSBC maintained a buy and raised target price to […]

Budget 2020

Time to buy metal, financial and auto stocks on dips

If the correction continues, I would like to buy into the metal stocks like Hindustan Zinc and Vedanta at lower price points, says Deven R Choksey, MD, KR Choksey Investment Managers. What is your take on the cement counter?Cement companies have started utilising their capacities at a threshold level which is above 85% capacity utilisation. […]

Budget 2020

Why Raamdeo Agrawal is bullish on conventional auto cos

Auto remains a very consolidated sector and whether it is tractors, trucks or cars, 90% of the profits go to the top two guys, says Raamdeo Agrawal, Chairman, MOFSL. We can keep talking about how unprecedented this year has been but the price is telling a very different story. It is 12,600 on the Nifty. […]

Budget 2020

Uncertain pace of recovery in global auto demand may continue to weigh on Tata Motors, JLR: Moody’s

New Delhi: Moody’s Investors Service on Friday said the uncertain pace of recovery in global auto demand will continue to weigh on Tata Motors Ltd (TML) and its wholly owned subsidiary Jaguar Land Rover Automotive Plc over the next 12-18 months. However, the ratings agency, while keeping a negative outlook on the two firms, said […]

Budget 2020

Moratorium wary lenders go slow on festive auto loan offers

(This story originally appeared in on Oct 09, 2020) Chennai: Despite the festival season being just round the corner, car financiers are not rolling out the big bang schemes that are de rigueur this time of the year. Although car loan rates are the lowest in the last 12 months, auto dealers and marketers say […]