The used truck market has seen price hikes, with Shriram Mobility Bulletin reporting a 38% rise in the 1.5 to 2 tonne segment, 22% in 2 to 3.5, and 21% in 3.5 to 7.5 tonne. Ashutosh Pandey cites logistical stress and rising new vehicle prices. Shriram Finance notes 25-30% increases due to subdued sales, forecasting strength in the pre-owned segment.
A total of 32,505 shares changed hands on the counter till 11:06AM (IST).
Ola Electric, led by Bhavish Aggarwal, leads the e2W market with a 48% share in Q1 FY25, selling 74,068 units. Despite preparing for an IPO and product issues, growth stems from strategic partnerships and pricing. Policy shifts under EMPS cut subsidies, impacting sales. The company must adapt to competition and future e-motorcycle trends.
Bengaluru police register FIR against One8 Commune pub and others for operating beyond 1 am closing time. Complaints of loud music led to action. Investigation ongoing to determine further steps. Virat Kohli's Bengaluru branch under scrutiny for serving customers at 1:20 am, exceeding allowed time limit.
The stock quoted a 52-week high of Rs 299.5 and a 52-week low of Rs 126.15.
"BJP is not able to digest that Hemant Soren has become chief minister of Jharkhand again. Soren's popularity has scared them. They started hatching a new conspiracy ahead of assembly polls," Pandey told PTI. Soren was released from jail on June 28 after the high court granted him bail. He was chosen as chief minister on July 4 and won a trust vote in the assembly on Monday.
Prime Minister Modi met President Putin at the President's House in Moscow on Monday. The meeting began with a warm reception, as Putin welcomed Modi with a hug. The two leaders shook hands and exchanged greetings before heading into their meeting. They also had a private discussion and dinner together.
On the technical charts, the RSI of the stock stood at 50.73.
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment.
The Nifty Bank index was trading 0.26 per cent up at 52562.4.
Deven Choksey forecasts significant growth in shipbuilding industry over the next five years, highlighting the potential entry of major players like Adanis. Budget expected to support FMCG sector with focus on rural development. Overall positive outlook for various sectors. Budget is going to focus on three areas-- A for agriculture, I for infrastructure, and M for manufacturing. We should look at each of these three areas.
On the technical charts, the RSI of the stock stood at 59.27.
The 30-share BSE Sensex was up 252.48 points at 80212.86
Congress leader P Chidambaram praised Tamil Nadu's move to appoint a committee for state-specific amendments to new criminal laws. He emphasised that criminal law falls under concurrent jurisdiction, allowing state legislatures to make changes aligned with modern criminal justice principles. He welcomed Justice (retd) K.Sathyanarayanan's appointment to lead the committee and urged consultations with various stakeholders. Tamil Nadu CM M K Stalin initiated the process for state-specific amendments... Читать дальше...
The Uttar Pradesh government has amended building construction laws to boost the hotel industry amid rising tourism. Key changes include lowering land requirements and easing regulations for small hotels, while prohibiting hotel construction on residential plots in planned colonies. Hotels with up to 20 rooms can be built on narrower roads, and parking space and setback rules have been updated. Height restrictions have been relaxed within permissible limits, with large hotels allowed mixed-use space.
A total of 309,234 shares changed hands on the counter till 10:45AM (IST)
A long buildup in the Futures and Options segment occurs when there is a simultaneous increase in open interest, trading volumes, and the price of the underlying stock, signaling a bullish trend in the market.
The stock traded at a P/E multiple of 157.9, while the price-to-book value ratio stood at 2.39.
The 30-share BSE Sensex was up 204.49 points at 80164.87
Congress general secretary Jairam Ramesh on Tuesday slammed Prime Minister Narendra Modi for "defaming" India's first Prime Minister Jawaharlal Nehru. He said that Nehru played a critical role in the establishment of the Republic of Austria, where PM Modis is currently on a state visit.
Yes Bank clarified that it has not received any in-principle approval from the Reserve Bank of India for a stake sale, countering a speculative media report. The bank emphasized the report's inaccuracies and confirmed no such approval from RBI. Yes Bank's shares rose 1.25% amidst this news report and the eventual clarification.
Mphasis announced a dividend of Rs 55 per share for eligible shareholders for Q4FY24. Today is the last day to buy shares to qualify for the dividend payment. Shareholders have been consistently rewarded over the years.
The CareEdge Ratings report predicts the two-wheeler industry's volume growth in FY2025 to be 7-9 per cent, lower than the 9.8 per cent recorded in FY2024. Factors driving growth include increased Electric Vehicle sales, the Electric Mobility Promotion Scheme 2024, expected interest rate cuts in the second half of FY25, and strong demand for new model launches. Recovery in exports, a favorable monsoon, and improved rural consumer sentiment are also key growth drivers.
David Warner announced his retirement from international cricket on Monday via Instagram,. He is open to returning for the 2025 Champions Trophy in Pakistan. His illustrious career included 8,786 Test runs, 6,932 ODI runs, and 3,277 T20I runs. Despite achievements in various ICC events, Warner faced controversies such as a suspension for a ball-tampering scandal in 2018, yet he remains a celebrated Australian opener in all formats.
Mumbai Rains: The India Meteorological Department (IMD) Mumbai centre had issued a "red alert" for the city on Tuesday, predicting "heavy to very heavy rainfall a few places with extremely heavy rainfall at isolated places". Hence, the civic body declared a holiday for schools and colleges in Mumbai on Tuesday.
