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Muhurat Trading 2024: Nifty Auto index jumps over 1% amid strong October sales; M&M leads

The Nifty Auto index rose over 1% during the Muhurat trading on November 1, driven by strong October 2024 auto sales, particularly from Mahindra & Mahindra. The festive momentum positively impacted the market, with notable gains from several automakers, reinforcing investor confidence in the sector.

2 min read1 Nov 2024
Markets

Muhurat Trading 2024: M&M climbs over 3% on record SUV sales in October

Mahindra & Mahindra’s shares rose over 3% during Muhurat trading after record SUV sales in October 2024, achieving 54,504 domestic deliveries, a 25% increase year-on-year. Total sales reached 96,648 units, marking a 20% rise. The company also reported strong tractor sales of 65,453 units, up 20%.

1 min read1 Nov 2024
Markets

Multibagger Stock: SJS Enterprises zooms 106% in 6 months, over 200% in 1.5 years. More upside ahead?

Multibagger Stock: SJS Enterprises shares rose 3% to ₹1,226.90, marking a 9% gain over four days. The stock has surged 224% since April 2023, driven by strong financial results and new global export plans.

3 min read31 Oct 2024
Markets

Stock market today: Nifty 50, Sensex make smart turnaround, rise for 2nd day on gains in banking stocks

The Nifty 50 ended the session with a 0.52% jump at 24,466, while the Sensex ended trade with a gain of 0.45% at 80,368. Meanwhile, both mid- and small-cap indices also experienced a strong rebound, with the Nifty Midcap 100 gaining 1% and the Nifty Smallcap 100 rallying 0.85%.

4 min read29 Oct 2024
Markets

Tata Motors, Bajaj Auto and 12 other Nifty Auto stocks tumble up to 6%. Here’s why

Auto stocks declined on October 29, with the Nifty Auto index falling 2.70% to 23,300 amid concerns of weak Diwali sales due to rising living costs and inflation, affecting consumer spending and inventory levels.

2 min read29 Oct 2024
Markets

Stock market today: Nifty 50, Sensex end range-bound trade marginally lower; FMCG, realty suffer

The Nifty 50 ended the session with a 0.15% drop at 24,399, while the Sensex ended trade with a cut of just 0.02% at 80,065. 24 constituents of the Nifty 50 closed in the negative territory, led by HUL, which experienced a decline of nearly 6%.

4 min read24 Oct 2024
Markets

Brokerages stay bullish on TVS Motor stock despite Q2 miss but trim target price; here’s why

TVS Motor shares fell 3.2% to ₹2,480 after Q2FY25 results missed expectations. Analysts remain positive but have adjusted target prices amid rising EV competition. The company reported a 13% YoY revenue increase amid strong domestic sales of two-wheelers.

3 min read24 Oct 2024
Markets

Hyundai Motor vs Maruti Suzuki: Which auto stock can drive long-term returns for your portfolio?

The investment decision between Hyundai and Maruti depends on their growth prospects. Hyundai’s emphasis on SUVs and EVs positions it for future growth, while Maruti’s established market presence and new model launches suggest stable performance.

5 min read23 Oct 2024
Markets

Bajaj Auto, Hero Moto, Maruti & other auto stocks plunge up to 12% as festive demand concerns paint Motown in red

Bajaj Auto’s weak Q2 results and subdued festive demand outlook have led to a 3.5% drop in the Nifty Auto index. Major two-wheeler manufacturers, including Hero MotoCorp and TVS Motor, also experienced significant losses.

4 min read17 Oct 2024
Markets

Samvardhana Motherson rallies over 100% in CY24, clocks biggest yearly gain in a decade

Samvardhana Motherson International has seen a 106% increase in its stock this year, driven by EV shifts and strategic acquisitions. With a goal of $36 billion in revenues by 2025, the company is well-positioned in a growing Indian auto component sector, backed by a strong order book.

3 min read11 Oct 2024
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