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[hfe_template id='11223'] [ad_1] The new expiry series began on a weak note, with markets slipping nearly two percent, weighed down by weak global cues. In today's trade, shares of M&M, Glenmark Pharma, Tata Motors, IOB, Sun Pharma among others will be in focus due to various news developments. M&M Mahindra & Mahindra is working to scale up some of its smaller businesses to match its portfolio of multiple large companies, the top executive at the tractor-to-technology group told ET. Glenmark Pharma Glenmark Pharma is recalling close to 1.5 million bottles of a generic medication used in the treatment of attention deficit hyperactivity disorder in the US market, according to the US health regulator. Maruti, Hyundai, Tata Motors Maruti Suzuki reported marginal growth while Hyundai and Tata Motors posted a decline in their sales in February as a slowdown in the market continued with demand remaining muted. Indian Overseas Bank Stock Trading Maximise Returns ...

[hfe_template id='11223'] [ad_1] Benchmark BSE Sensex recovered 147 points in a range-bound trade on Tuesday, ending its five-day slide on the back of buying in financial and FMCG shares. However, Nifty ended flat. Stocks that were in focus include names like M&M, which spiked 2% and Federal Bank, which declined 1.7% and Pfizer India, whose shares dropped 1.2% on Tuesday. Here's what Viral Chheda, Sr Analyst, SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. M&M For the past 6 months we have stock to move in the range of 2600-3300. After making an all time high around 3270 price has given some correction to test the previous lower level of 2600 and in the past few days given some pull back to trade around 2800 odd levels. On the lower side 2600 is acting as a strong support and we have multiple times stock has given rebound from that level. If this level is breached then further dip can be se...

[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] Given the flattish range last week, Nifty's downside may not extend all the way to 22,000, says Anand James, Chief Market Strategist, Geojit Financial Services. "We feel that an upswing attempt could unfold, once in the 22,550-22,300 region." Edited excerpts from a chat: Nifty bears dashed hopes of a rebound in the week. How strong are the chances of the index falling below 22,000 in the next 2-3 weeks? A solid recovery from sub 22,800 levels last Monday masked the selling that unfolded through the rest of the week on every attempt to rise. We had gone in last week with the feeling that a large break down was imminent, but this was dodged through the week, despite multiple forays into the 22,800 vicinity. We feel that this has only served to delay the inevitable. However, given the flattish range last week, the downside break may not extend all the way to 22,000. We feel that an upswing attempt could unfold, once in the 22,5...

[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] The BSE Sensex undergoes its periodic rebalancing on December 23, to reflect India’s evolving market dynamics. Food delivery firm Zomato replaces steel giant JSW Steel in the 30-share benchmark index. This reshuffle is set to drive $513 million in inflows into Zomato, while JSW Steel faces $252 million in outflows as institutional investors adjust portfolios, according to estimates by brokerage firm Nuvama. Here is a list of 6 stocks undergoing the Sensex reshuffle: Zomato Zomato’s inclusion in the Sensex sheds light on the rising prominence of tech-driven companies. The stock is set to receive inflows of $513 million, with an average volume impact of 2.6x, according to brokerage firm Nuvama. Zomato has seen its share price climb 126% over the past year and with its value growing to a market capitalization of Rs 2.72 lakh crore. JSW Steel JSW Steel will exit the Sensex, resulting in an estimated $252 million in outflows and an average vol...

[hfe_template id='11223'] [ad_1] Domestic market extended its rebound, gaining over 1% amid positive global cues. In today's trade, shares of Tata Steel, M&M, Trent, Blue Star, Hindalco among others will be in focus due to various news developments and second quarter results M&M, Trent, NHPC, Page Industries Shares of M&M, Trent, NHPC and Page Industries will be in focus as the companies will announce their second quarter results today. Tata Steel Shares of steel major Tata Steel Ltd will be in focus today after the company turned to black in the quarter ended September 2024. The company had posted a loss in the last year period. Read more: Here's the trade setup for today's session Power Grid State-owned Power Grid on Wednesday reported a flat consolidated net profit at Rs 3,793 crore in the quarter ended September 2024, compared with Rs 3,781 crore in last year's quarter. Stock Trading A2Z of Stock Market for Beginners: Stock Market Course F...