Brokerage firm Emkay Global has upgraded shares of Maruti Suzuki India Ltd., India’s largest passenger car manufacturer, to a ‘Buy’ rating from its earlier rating of ‘Add’, despite a muted near-term outlook for the passenger vehicle industry. The brokerage has also increased its price target on Maruti Suzuki by 5.5% to ₹13,500. The revised price […]
Stocks to Watch on March 27: Bharat Forge, Wipro, Bandhan Bank, Infosys and more – CNBC TV18
1 / 20 Bharat Forge | The Ministry of Defence said it has signed contracts worth ₹6,900 crore with Bharat Forge Limited and Tata Advanced Systems Limited for the procurement of 155mm/52 calibre advanced towed artillery gun systems (ATAGS) and high mobility vehicle 6×6 gun towing vehicles. The ATAGS, designed to replace vintage smaller-calibre guns, […]
Maruti Suzuki to set up third unit in Kharkhoda with a ₹7,410 crore investment – CNBC TV18
Maruti Suzuki on Wednesday, March 26, said its board has approved the setting up of the third plant at Kharkhoda with a capacity of up to 2.5 lakh vehicles per year at an investment of ₹7,410 crore via internal accruals. The same is to be added by 2029. The existing capacity at Kharkhoda is 2.5 […]
Maruti Suzuki receives ₹2,966 crore draft tax assessment order for FY22 – CNBC TV18
Car market leader Maruti Suzuki India Ltd on Tuesday (March 25) said it has received a Draft Assessment Order from the Income Tax Authority for FY 2021-22, proposing additions and disallowances totaling ₹2,966 crore to the company’s returned income. “The company has received a draft Assessment Order for the FY 2021-22 wherein certain additions/ disallowances […]
Trade Setup for March 3: Does the Nifty have more pain left before it finds a floor? – CNBC TV18
Even a four-day week led to a ₹20 lakh crore wipe out in investor wealth. The month of February concluded on a painful note on Friday, as did the start of the March F&O series. The month of February had 20 trading sessions for the Nifty and only two of those saw a green tick […]
Nifty target cut by Prabhudas Lilladher to below 26,000, highlights key long-term themes – CNBC TV18
Domestic brokerage firm Prabhudas Lilladher has cut its base case Nifty 50 target by nearly 6% to 25,689 from 27,172 earlier. It has also cut Nifty’s Earnings Per Share (EPS) estimates by 0.8%, 2% and 2.6% for financial year 2025, 2026 and 2027 respectively. “We recommend selective buying for long-term gains,” Prabhudas Lilladher said in […]
Too early to gauge Tesla’s impact on Indian auto market: Elara Capital – CNBC TV18
Elara Capital remains cautious about drawing conclusions on Tesla’s potential impact on the Indian market, despite recent developments, including Prime Minister Narendra Modi’s engagement with the company. Kale note that while discussions around Tesla’s entry continue, the brand’s current pricing remains significantly higher than that of domestic automakers like Mahindra & Mahindra (M&M), Tata Motors, […]
Maruti Suzuki Share Price: HSBC says India will be EV export hub, sees 10% upside in stock – CNBC TV18
Brokerage firm HSBC has a ‘buy’ rating on Maruti Suzuki with a target price of ₹14,000 per share. This is an upside of nearly 10.5% to the previous day’s closing price of ₹12,673 apiece. Company Value Change %Change It said India will be the export hub for electric vehicles for Suzuki and even Toyota. The […]
Stocks to Watch on February 12: BHEL, IRCTC, Birlasoft, Berger Paints and more – CNBC TV18
1 / 20 BHEL | State-owned company said it has received a letter of intent (LoI) from Damodar Valley Corporation (DVC) for the steam generator island package of the 2×660 MW Raghunathpur Thermal Power Station phase-II project in Purulia, West Bengal. The contract, valued at approximately ₹6,200 crore (excluding taxes and duties), was awarded through […]
Top Stock Picks After Budget 2025: JM Financial sees up to 79% upside in BHEL; likes RIL, TCS – CNBC TV18
The Nifty50, Nifty Midcap 100, and Nifty Smallcap 100 indices have declined 12%, 14%, and 16%, respectively, from their recent peaks in the third quarter of financial year 2025. According to brokerage firm JM Financial, valuations have become relatively less expensive, with Nifty50 large-cap valuations falling below +1 standard deviation (sd). Company Value Change %Change […]