Shares of TVS Motor are likely to be in focus on Friday after the company unveiled a new performance scooter and brokerage Nomura raised its target price on the stock, citing a stronger product pipeline across both electric and internal combustion engine (ICE) segments. On Thursday, TVS Motor announced the launch of the NTORQ 150,…
Two-wheeler major TVS Motor Company on Tuesday reported a 4.2% year-on-year (YoY) growth in its December quarter standalone net profit at Rs 618 crore versus Rs 593 crore posted in the year-ago period. The profit after tax (PAT) was lower than the Street’s estimates of Rs 657 crore. The Q3FY25 revenue from operations stood at…
The Indian market is likely to consolidate on Friday, tracking muted global cues. The Nifty future closed positively, gaining 1.56% to end at 24,270 levels on Thursday. On the options front, the maximum Call OI is placed at 25,000, followed by 24,500 strikes, while the maximum Put OI is placed at 24,000, followed by 23,800…
The Sensex and Nifty extended their losing streak to five consecutive sessions on Friday, as auto, banking, and financial stocks pulled the indices into the red. Weighed down by escalating tensions in the Middle East and rising foreign outflows, investor sentiment remained subdued. The BSE Sensex dropped 808 points, or 0.98%, to close at 81,688.4,…
Domestic markets ended higher for the second consecutive week, although broader markets underperformed and market breadth favored declines. Stocks that were in focus include names like RailTel, which rose 5.81%, TVS Motor, which jumped 2.19%, and IREDA, whose shares gained nearly 1% on Friday. Here’s what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends…