The shares of the leading automotive service provider gained up to 6 percent after the company’s board approved the segregation of its automotive and industrial businesses. With a market capitalization of Rs 26,469.58 crore, the shares of SKF India Ltd were trading at Rs 5,354.10 per share, increasing around 3.52 percent as compared to the [...]
Dividends are a way for companies to distribute a portion of their earnings back to the shareholders as a reward for their investment. Dividends can be an important source of income for investors, especially those looking for steady and predictable returns. They also reflect a company's financial health and profitability, often signaling confidence from the [...]
The shares of the leading automotive and industrial engineered solutions provider gained up to 11 percent after the company’s net profit increased 42 percent and 32 percent respectively in the fourth quarter. With a market capitalization of Rs 24,517.52 crore, the shares of SKF India Ltd were trading at Rs 4,959.25 per share, increasing around [...]
The auto ancillary market is poised for growth, with an anticipated CAGR of 8.5% from 2022 to 2027, reaching a value of $522.8 billion by 2027. This growth is driven by increasing vehicle production, technological advancements, and rising demand for electric and autonomous vehicles, particularly in emerging economies. With a market capitalization of Rs 23,380.94 [...]
To strengthen the Make in India Initiative and enable Indian consumers to benefit from cutting-edge technology, the Indian government, in March 2024, reduced the import duty on electric vehicles (EVs) from the existing 70-100% to 15% for a span of five years. This strategic move aims to attract foreign automakers, with a particular focus on [...]
The Piotroski score is a numerical rating ranging from zero to nine, which assesses a company's financial strength based on nine specific criteria. It is a tool used to identify top-value stocks, where a higher score, such as nine, indicates superior financial health, while a lower score, like zero, signifies weaker financial standing. Here is [...]
