Indian stock market: Indian shares experienced significant volatility in Wednesday's trading session. Thus looking at the overall chart structure we are recommending to buy the stock with keeping stop loss below 4950 levels on closing basis for a new life time high target towards 5600 zones. PI Industries: Buy at ₹ 4613 | Target Price: ₹ 4900 | Stop Loss: …
The auto sector witnessed a healthy rebound in terms of demand, supply chains, and operational costs after overcoming its numerous macro as well as sector-specific challenges. Read here: Q2 earnings review: Topline growth slows further, margins improve 2W in focus as MHCVs remain stable Positive on 2Ws and cautious on PVs: The brokerage noted that India is already witnessing a …
Mahindra & Mahindra shares traded flat on Monday after the auto major reported a decent earnings for the second quarter of FY24. The company’s automotive segment saw a healthy double-digit growth during the festive season, while the farm equipment segment’s performance was muted as its revenue fell 0.4% YoY. “While the valuation is still attractive versus peers, M&M has seen …
Domestic brokerage, Motilal Oswal Financial Services, quickly skimmed the annual reports of Gujarat Gas Ltd, Mahanagar Gas Ltd, and Indraprastha Gas Ltd, the three City Gas Distribution s.Gujarat Gas continues to be Motilal Oswal's top choice among the three CGDS, said the brokerage in its latest report on Oil & Gas sector. According to the brokerage, Indraprastha Gas and Mahanagar …