At 52x, the stock is trading at a discount to its five-year and ten-year median PE (price-to-earnings) multiples. The stock is quite a distance from its previous peak and closer to its 52-week low. You could blame this underperformance on the rising competition in the paint sector, especially with the […]
Maruti Suzuki
Hyundai Motor India IPO: The most recent study from InCred Research Services Private Ltd noted that Hyundai Motor India IPO expands investment opportunities in the underdeveloped Indian auto sector and aims to offer value growth while volume growth appears to be modest. Even if the business is smaller than the […]
The Indian market is experiencing relentless bullish momentum characterized by a series of record highs, frequent milestone achievements, and the establishment of new benchmarks. On Thursday, June 27, the benchmark Nifty breached the 24,000 mark for the first time. Continuing the rally, the Nifty 24,100 points for the first time, […]
Mahindra & Mahindra (M&M) is now India’s second-largest automaker after overtaking Tata Motors in terms of market capitalisation (mcap) earlier today. M&M shares hit three per cent upper circuit at a fresh 52-week high on the robust momentum. With an mcap of ₹3,63,980.89 crore, M&M is now the second-most valuable […]
Reconsidering its earlier portfolio in light of the unexpected election results, brokerage house Prabhudas Lilladher believes portfolio allocations and future policies of NDA government will be a key determinant of market movements. Severe jolt to BJP in Uttar Pradesh (new PDA social engineering), Maharashtra (fractured parties) and West Bengal will […]
However, domestic brokerage firm Motilal Oswal anticipates that the auto industry will likely take a breather in FY25, following the strong demand seen over the past two years. The firm expects two-wheelers, passenger vehicles, and commercial vehicles to post a CAGR of 9%, 6%, and 6%, respectively, from FY24 to […]
A significant 77.5% of this investment was concentrated in just 10 companies. HDFC Bank took the lead with mutual funds increasing their stake from 16.28% in FY22 to 23.17% in FY24, marking an impressive investment of ₹1.2 trillion and a 6.9% increase. Reliance Industries also witnessed a robust increase, with […]