Mahindra & Mahindra: Mahindra & Mahindra opened the bookings for the XUV700 on Thursday, and received 25,000 bookings in just 57 minutes. This clarified the demand for SUVs and also indicated a revival in the auto markets as the festive season approaches. Mahindra had already stated at the time of launch that the initial prices were applicable only for the first 25,000 bookings. Prices are likely to rise, however, as the auto industry in particular is struggling with semiconductor supplies. The auto sector was among the top pushers on the indices on Thursday; It can continue its bull run.
Titan: The jewelery maker posted huge gains on Thursday, providing another indicator of revival in the economy. Titan had posted 78 per cent year-on-year growth in the September quarter, reflecting an increase in demand. The festive season has only added to the demand, as evidenced by the outperformance of jewelers like Kalyan, which posted a 60% year-on-year growth in revenue on Thursday.
Sobha Limited: Sobha Ltd on Thursday jumped over 13% on positive September quarter results. Its sales bookings in volume terms increased to 1,348,864 sq ft in the September quarter from 891,700 sq ft in the same quarter of the previous fiscal, the Bengaluru-based realty firm said in a regulatory filing. Realty topped the sector index with a gain of nearly 7% on Thursday. The festive season may sustain the performance of the sector.
Tata Motors: The automaker hit a 52-week high on Thursday, which can be attributed to the expected revival in the auto sector, which has started to see the economy and Tamil Nadu’s invitation to the firm to take over Ford’s manufacturing facility , which is ceasing operations. in Chennai.
Ramakrishna Forgings: Ramakrishna Forgings, a leading supplier of rolled, forged and machined products, on Thursday announced the signing of a Memorandum of Understanding (MoU) with a US-based technology partner for the development of electric vehicle powertrain components for the Indian EV market.
Zee: The National Company Law Appellate Tribunal (NCLAT) on Thursday said that Zee Entertainment Enterprises Ltd should be given proper and sufficient time to file a reply on Invesco’s plea for convening a special shareholders’ meeting.
Kalyan Jewellers: The jeweler on Thursday saw its share price rise over 11% after reporting a revenue growth of 60% for the September quarter compared to the year-ago period. The market sentiment may turn in favor of the jeweler considering the expected recovery in demand during the festive season.
HPCL: Moody’s revised the company’s long-term issuer default rating outlook to stabilize. HPCL on Thursday touched a 52-week high or a rise of 3.50% in share price.
NTPC: Power company NTPC signed an MoU with Paris-headquartered French company Electricité de France SA (EDF) to explore potential power project development opportunities in West Asia, Asia, Europe and Africa. The two companies will also collaborate for knowledge sharing, research and development, technical services and consultancy work globally. The company had earlier shown good returns on the shares as it had reportedly announced listing of three subsidiaries as part of one. ₹Monetization of assets worth 15,000 crores.
Tata Group: According to some reports, the government may announce the winning bidder for the privatization of Air India today. This result may have an impact on the company’s shares.
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