GAGA Share Market News

[hfe_template id='11223'] [ad_1] Despite concerns over Tesla’s entry into the Indian market, analysts believe that leading domestic automakers like Mahindra & Mahindra remain well-positioned to thrive. Speaking in an interaction with ET Now, market expert Sandip Sabharwal of asksandipsabharwal.com dismissed fears surrounding Tesla’s impact on Indian companies, calling the recent sell-off in auto stocks exaggerated and irrational. Sabharwal pointed out that homegrown auto giants like Mahindra & Mahindra (M&M) continue to enjoy strong demand, despite concerns over Tesla’s entry. “The sell-off in these stocks started just a day after Mahindra’s new models received over Rs 8,000 crore in demand in a single day, which is completely irrational,” he noted. Tesla has announced its plans to set up a manufacturing facility in India, benefiting from duty concessions on its first 8,000 units if it commits to an investment of Rs 4,500 crore. While this has triggered nervo...

[hfe_template id='11223'] [ad_1] After the Q3FY25 results of Mahindra & Mahindra (M&M), reported on Friday, global brokerage firm Goldman Sacha raised its target price on the stock to Rs 3,800, up from an earlier Rs 3,700, while maintaining its ‘buy’ rating, indicating an upside of 21% for the same. Post this, the shares of M&M surged 2.45% to its new all-time high of Rs 3,276.30 on the BSE. The brokerage firm's positive outlook is underpinned by M&M's raised tractor guidance and expectations of sustained strength in tractor volumes through Q4FY25 and FY26. M&M's management has indicated confidence in the ongoing momentum of its tractor business, projecting healthy volumes in the foreseeable future. This positive outlook reinforces the company's strong position in the agricultural segment. Despite the optimistic tractor outlook, Goldman Sachs notes that EV (Electric Vehicle) contract margins are likely to keep margins range-bound for M...

[hfe_template id='11223'] [ad_1] Shares of Mahindra & Mahindra (M&M) are likely to remain in focus in today’s session as the company announced that its subsidiary Mahindra Susten (MSPL) has further incorporated a new subsidiary Ultrogen Hybren. “With reference to the captioned subject, we would like to inform you that Ultrogen Hybren Private Limited (“Ultrogen Hybren”) has been incorporated in Mumbai, Maharashtra on 29th December, 2024, as a wholly owned subsidiary of Mahindra Susten Private Limited (“MSPL”), which is a subsidiary of Mahindra Holdings Limited (“MHL”), which in turn is a wholly owned subsidiary of the Company,” said the company in an exchange filing. M&M informed that it received an intimation from MSPL on December 29 that the certificate of incorporation of Ultrogen Hybren has been issued by the Ministry of Corporate Affairs. Ultrogen Hybren's authorized and paid-up share capital consists of Rs 15,00,000, divided into 1,50,000 equity shar...

[hfe_template id='11223'] [ad_1] Shares of Mahindra & Mahindra (M&M) surged by 5.4% to an intraday high of Rs 2,968.35 on the BSE after the company announced that it has recorded a 25% YoY growth in its SUV sales at 54,504 vehicles, its highest ever monthly number. “In the Utility Vehicles segment, Mahindra sold 54504 vehicles in the domestic market, a growth of 25% and overall, 55571 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 28812,” the company informed in an exchange filing. The 3.5T + MHCV witnessed a fall of 9% and 5% YoY respectively. Meanwhile, the LCV 2 T – 3.5 T and the 3 wheeler segment saw a surge of 17% and 5% YoY respectively. “We are excited to have clocked the highest-ever SUV sales of 54504 vehicles in October, a growth of 25% and highest ever total volume of 96648, a growth of 20%. The month began on a fantastic note with Thar ROXX garnering 1.7lakh bookings in the first 60 mins and the positive momentum con...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 178.62 03:59 PM | 30 Aug 2024 -1.32(-0.74%) One97 Communications Share Price 621.9 03:59 PM | 30 Aug 2024 67.4(12.16%) YES Bank Share Price 23.61 03:59 PM | 30 Aug 2024 -0.13(-0.51%) ITC Share Price 501.9 03:59 PM | 30 Aug 2024 -3.21(-0.64%) HDFC Bank Share Price 1636.9 03:59 PM | 30 Aug 2024 -1.65(-0.11%) Tata Motors Share Price 1111.35 03:59 PM | 30 Aug 2024 -10.31(-0.92%) Zomato Share Price 250.53 03:59 PM | 30 Aug 2024 -1.82(-0.72%) Adani Enterprises Share Price 3019.35 03:57 PM | 30 Aug 2024 -0.81(-0.03%) Infosys Share Price 1943.7 03:59 PM | 30 Aug 2024 10.36(0.54%) Reliance Industries Share Price 3019.25 03:59 PM | 30 Aug 2024 -22.6(-0.75%) Adani Power Share Price 632.05 03:59 PM | 30 Aug 2024 -12.25(-1.91%) Vedanta Share Price 468.45 03:59 PM | 30 Aug 2024 5.06(1.09%) Indian Renewable Energy Development Agency Share Price 241.5 03:59 PM | 30 Aug 2024 -13.25(-5.21%) NHPC Share Price 96...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 179.79 03:59 PM | 9 Aug 2024 -1.13(-0.63%) One97 Communications Share Price 510.85 03:59 PM | 9 Aug 2024 2.36(0.47%) YES Bank Share Price 23.94 03:59 PM | 9 Aug 2024 0.02(0.09%) ITC Share Price 495.9 03:59 PM | 9 Aug 2024 1.15(0.24%) HDFC Bank Share Price 1650.2 03:59 PM | 9 Aug 2024 7.5(0.46%) Tata Motors Share Price 1068.1 03:59 PM | 9 Aug 2024 26.35(2.53%) Zomato Share Price 267.09 03:59 PM | 9 Aug 2024 1.5(0.57%) Adani Enterprises Share Price 3187.55 03:57 PM | 9 Aug 2024 20.0(0.64%) Infosys Share Price 1770.75 03:59 PM | 9 Aug 2024 27.6(1.59%) Reliance Industries Share Price 2948.6 03:59 PM | 9 Aug 2024 50.35(1.74%) Adani Power Share Price 695.4 03:58 PM | 9 Aug 2024 3.86(0.56%) Vedanta Share Price 428.85 03:58 PM | 9 Aug 2024 6.56(1.56%) Indian Renewable Energy Development Agency Share Price 243.45 03:59 PM | 9 Aug 2024 -4.36(-1.76%) NHPC Share Price 97.77 03:59 PM | 9 Aug 2024 -1.02(-1...