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[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] Most technical charts and options data hint at a bullish setup. According to technical analysts, Nifty is expected to continue its upward trajectory towards 23,560, followed by 23,890, with immediate support at 23,000. Analysts suggest Tata Motors, UltraTech Cement, Sun Pharma, McDowell, UBL, ITC, Marico, HUL, Tata Consumer, and Lupin for short-term trading. SHILPA ROUT, AVP - DERIVATIVES RESEARCH, PRABHUDAS LILLADHER Where is the Nifty headed this week? Markets witnessed very strong whipsaws last week, with a massive correction that gave participants an unprecedented dip. However, ending the week with higher highs has restored hope among the Bulls. Options chain reflects strong immediate support at the 23,000 zone, indicating very aggressive Put writing. Meanwhile, 24,000 Call writers are holding maximum positions. This suggests a broad trading range for the week, hinting at a bullish setup. FIIs’ longs continue to remain on the lower en...

[hfe_template id='11223'] [ad_1] A sustained rally in shares of Gautam Adani's flagship entity Adani Enterprises may see the heavyweight entering Sensex after a month by replacing IT major Wipro. Stock exchange BSE is likely to announce its semi-annual rejig of indices tomorrow while adjustments will take place on June 21. "We expect the inclusion of Adani Enterprises and the exclusion of Wipro from Sensex. In BSE100, we expect 5 additions and deletions," IIFL Alternative Research said. The inclusion is expected to result in $118 million inflows into Adani Enterprises while Wipro may see outflows of 56 million from passive funds tracking Sensex. In the last 6 months, the Adani stock is up nearly 49% while Wipro is up over 16%. Both the stocks are already part of the Nifty index.In the last rejig, which came into effect from December 19, 2023, auto major Tata Motors had replaced pharma stock Dr Reddy's Laboratories. Sensex Designed to measure the perform...

[hfe_template id='11223'] [ad_1] Synopsis Mahindra & Mahindra may see an earnings-led upgrade due to encouraging bookings for its newly-launched compact SUV, the XUV 3XO, forecasts of improvement in the tractor segment, and expectations of increased industry volume growth. The company's premium valuation at 23 times one-year forward earnings reflects investor confidence in its market performance. ET Intelligence Group: Mahindra & Mahindra may see earnings-led upgrade due to encouraging bookings for its newly-launched compact SUV and forecasts of improvement at the tractor segment, helping capture investor interest in a stock that outperformed the market with 28% returns in three months.Volume growth of more than 20% in the SUV segment and low single-digit expansion in tractors as predicted could help the company post ₹1 lakh crore in BY ET Bureau 4 mins read, Last Updated: May 20, 2024, 08:35:00 AM IST Gift A Story Share member-only stories with your friends ...