Automobile stocks surged following GST rate cuts. Tata Motors and Mahindra & Mahindra led the gains. Vehicle prices have been reduced, boosting investor confidence. Festive season demand is anticipated to drive sales. Analysts predict growth in smaller car segments. Mahindra & Mahindra shares have seen significant gains recently. August sales showed improvement in two-wheelers and commercial vehicles.Read More
Dalal Street focuses on industries benefiting from recent GST rate cuts. Several stocks are expected to outperform amid market uncertainty. Top stock picks across automobiles, consumer goods and insurance are highlighted. These picks could deliver returns of 9% to 29% over six months. Brokers like SBI Securities, Motilal Oswal, ICICI Securities, HDFC Securities and Anand Rathi have provided their recommendations.Read More
Gold demand dipped during the initial festive period. India Bullion & Jewellers Association reported a 28% drop. High gold prices dampened consumer enthusiasm. Many buyers opted for lighter, lower-karat jewelry. Some jewelers saw increased sales value despite volume decreases. Investment demand for gold coins remained steady. Jewelers are adjusting manufacturing strategies to meet changing preferences.Read More
Ujjivan Small Finance Bank plans to raise ₹2,000 crore through a qualified institutional placement. This fundraising will occur over the next 18 to 24 months. The bank has applied for a universal banking license and anticipates a decision from the Reserve Bank of India by December. Ujjivan aims to expand its loan book to ₹1 lakh crore in five years.Read More
Inox Wind shares have surged following positive Q1 results and an upgraded credit rating. The company anticipates faster project execution and has increased its margin guidance for FY24. A strong order book and operational enhancements, including new manufacturing units and high-capacity cranes, support this optimistic outlook. Regulatory changes favoring hybrid energy projects further boost Inox Wind’s prospects.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
