GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Tata Motors on Wednesday rallied 2% to the day’s high of Rs 1,010 on BSE after the company announced that its India business is now net debt-free and aims for the Jaguar-Land Rover (JLR) business to be net debt-free in FY25. The company said that its businesses are self-sustaining and the investments are well funded while aiming for EV EBITDA breakeven in FY26. The management also seemed confident while stating its intentions to expand the company's product portfolio to address 80% market share and also aim for 10% EBITDA for consolidated PV and EV operations by FY30. The demerger of CV and PV businesses into separate entities is a logical progression, as per the management, given that both CV and PV businesses have grown sizably and limited synergies exist between the two. Here is what analysts have to say: CLSA CLSA said that the management is confident in winning in the domestic segment and a sustainable share gain in PV,...

[hfe_template id='11223'] [ad_1] May 31, 2024, 11:38:42 AM IST The new Nifty EV & New Age Automotive index, launched by the NSE, aims to track the performance of companies active in the electric vehicles (EV) and new-age automotive segments. This includes manufacturers of electric and hybrid vehicles, hydrogen fuel-based vehicles, green hybrid vehicles, electric batteries, and components. Additionally, it encompasses companies producing or supplying raw materials relevant to EV and autonomous vehicle technologies, as well as, those building autonomous vehicles and supplying related technologies. Here are the top 10 stocks in the new EV index based on weightage: Agencies Bajaj Auto has a weightage of 7.08% in the Nifty EV & New Age Automotive index. ETMarkets.com Tata Motors has a weightage of 6.49% in the index. Agencies 4 / 11 Ma​hindra & Mahindra Mahindra & Mahindra has a weightage of 5.83% in the index. Agencies Maruti Suzuki has a weightage of 5.28% i...