ASHOK LEYLAND 52 WEEK HIGH
Auto stocks rally up to 7% as OEMs M&M, Tata Motors, Ashok Leyland step on gas
Auto stocks surged on Monday with Bharat Forge up 7% and Ashok Leyland hitting a 52-week high. Nifty Auto index rose over 3%, supported by GST cuts and upbeat sector sentiment.
GMDC shares rally over 35% in September, hit fresh 52-week high intraday. What’s behind the surge?
GMDC shares surged 35.5% in September, hitting a 52-week high on strong volumes, rare earth mining optimism, and government support. Despite weaker Q1 earnings, multibagger returns, zero debt, and strategic diversification keep investors bullish, though brokerages caution over high valuations and slow lignite ramp-up.
Apollo Micro Systems shares slide 9% on profit booking
Apollo Micro Systems shares fell sharply on Monday amid profit booking after a strong rally of 62% in the past month and 175% over the last year. The stock remains technically bullish, trading above most key SMAs, with an RSI signalling short-term overbought conditions.
Tata Steel shares jump 3% to hit fresh 52-week high on strong sector tailwinds, brokerage optimism
Tata Steel shares surged to their 52-week high on Monday, banking on strong sector tailwinds, including India’s extended safeguard duty, China’s production curbs, and positive brokerage views. Morgan Stanley upgraded the stock to Overweight with a Rs 200 target, citing favourable demand and pricing trends.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian market closed flat on Friday due to profit booking in consumer and IT sectors, offsetting gains in the auto sector following proposed tax cuts. While domestic investors rotated into mid- and small-cap stocks, U.S. and European markets dipped amid concerns about the pace of economic recovery after a softer-than-expected jobs report.
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F&O Talk| Nifty stages pullback but lacks conviction; trend hinges on banking, IT revival: Sudeep Shah
Indian equity benchmarks closed the week positively due to strong economic data and policy reforms. Sudeep Shah of SBI Securities discussed the outlook for Nifty and Bank Nifty. Nifty faces resistance at 24950-25000 and support at 24550-24500. Bank Nifty is underperforming, with resistance at 54500-54600 and support at 53600-53500.
Multibagger in 6 months, GMDC shares surge 13% to hit fresh 52-week high
GMDC is one of India’s leading mining and mineral processing companies with operations for more than five decades.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets ended higher on Thursday as GST reforms supported consumption, while US tariff concerns lingered. Nifty closed at 24,734 and Sensex at 80,718, with active trading in stocks like Ola Electric, Mahindra & Mahindra, Bajaj Finance, and Reliance amid mixed sectoral performance.
GST 2.0 trigger throws up over 90 stock ideas as rate cuts may spark new market cycle. Full list
The GST Council's sweeping rate cuts across sectors have ignited a market rally, with auto, FMCG, cement, insurance, and consumer durable stocks in sharp focus. Two-wheelers, small cars, cement, insurance, and packaged goods are now significantly cheaper. Analysts expect stronger consumption, improved margins, and GDP growth. Key beneficiaries include M&M, ITC, Hero MotoCorp, UltraTech, and SBI Life.
As tensions wind down, Sino-Indian tieups put buzziness back in business
Following the recent meeting between Modi and Xi, Indian and Chinese companies are actively pursuing joint ventures in sectors like electronics and automobiles. Haier's stake sale in its Indian subsidiary is gaining momentum, while Dixon Technologies anticipates approvals for joint ventures. The auto sector expects eased import restrictions, fostering a positive sentiment among Chinese companies towards India.
Government identifies 10 highway stretches for plying green hydrogen trucks
The government is planning to introduce green hydrogen-powered trucks on ten highway stretches across India. This initiative aims to curb vehicular pollution. Indian Oil and Reliance Petroleum will establish hydrogen filling stations along these routes. Tata Motors, Ashok Leyland, and Volvo are developing hydrogen trucks. The project targets to reduce logistics costs and boost India's green hydrogen export potential.
Festive season, GST cut seen as key triggers for auto demand
The latest auto sales data paints a mixed picture for the industry. While two-wheelers and tractors continued to deliver strong performances, passenger vehicle sales remained subdued, leaving analysts watching closely for potential demand revival on the back of an anticipated GST cut.
One MobiKwik Systems shares surge 12% following ADIA stake sale
One MobiKwik Systems shares: MobiKwik shares jumped on Tuesday after Abu Dhabi Investment Authority exited its 2.1% stake worth ₹39.2 crore. The stock later pared gains to trade 8.5% higher, as BofA Securities Europe and SI Investments bought a combined 1.15% stake for ₹22.1 crore.
Auto stocks rise up to 6% ahead of GST council meeting. Tata Motors, Maruti, M&M defy weak August sales
Auto stocks rallied up to 6% on Monday ahead of the key GST council meeting. Despite weak August sales, gains in Bajaj Auto, M&M, Tata Motors, and Eicher Motors lifted the Nifty Auto index by 2.8%.
Ashok Leyland to invest Rs 5,000 for making batteries in India, partners with China's CALB
Ashok Leyland has partnered with China's CALB Group to develop and manufacture next-generation batteries, investing Rs 5000 crores. This exclusive partnership aims to establish a localized battery supply chain in India, promoting electric vehicle adoption and reducing reliance on fossil fuels. The agreement was signed by key executives from both companies, marking a significant step for Ashok Leyland.
Ashok Leyland August sales up 5% at 15,239 units
Ashok Leyland announced a sales increase. The commercial vehicle maker saw a 5% rise in total sales for August, reaching 15,239 units. Domestic sales also experienced growth, increasing by 2% to 13,622 units. However, the company's shares experienced a slight dip in trading on the Bombay Stock Exchange. The stock traded at Rs 126.70 apiece.
Ather Energy shares surge 5% to 52-week high after launch of Next-Gen EL platform
Ather Energy's shares soared following the unveiling of its next-generation scooter platform, EL, at Ather Community Day 2025, reaching a 52-week high. The EL platform, designed for versatility and scalability, is expected to drive the company's future growth. With the launch of updated AtherStack™ 7.0 and next-generation fast chargers, Ather aims to enhance rider experience and meet rising market demand.
Apollo Micro Systems shares surge 14% in 2 days to hit 52-week high after DRDO approval, tech transfer deal
Apollo Micro Systems rallied nearly 14% in two days to hit a new 52-week high after securing DRDO approval as a production agency for the Multi-Influence Ground Mine and signing a technology transfer pact for the NASM-SR missile.
Ahead of Market: 10 things that will decide D-St action on Monday
Indian markets ended lower for a third consecutive session on Friday, dragged by Reliance Industries and concerns over steep U.S. tariffs. The Sensex fell 271 points and Nifty lost 74 points. Weak global cues, bearish technical signals, and cautious sentiment weighed on trading. Heavy turnover was seen in stocks like Ola Electric and RIL, while broader market breadth remained negative.
Two Trades for Today: A commercial vehicle major for 7.6% upmove, a mid-cap solar module stock for an almost 7% gain
Technical analysis identifies select stocks that may gain momentum even in volatile markets. Here are the technical calls for today.
GST rate cut: Car and bike buyers hit pause button as auto stocks rev up for festive bonanza
Indian auto sales are slowing as buyers delay purchases ahead of a possible GST rate cut of up to 10% in September, which could spark a strong festive demand surge; Jefferies expects 2Ws and small PV makers to be the biggest beneficiaries.
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