The shares of the automotive component manufacturer gained up to 11 percent after the company set to enter the railways component sector by acquiring Escorts Kubota Ltd’s railway equipment division. With a market capitalization of Rs 43,733.25 crore, the shares of Sona BLW Precision Forgings Ltd were trading at Rs 706.80 per share, increasing around [...]
In Thursday’s trading session, the shares of one of the world’s leading automotive technology companies surged by 4.3 percent on BSE to hit an intraday high at Rs. 716.6, after reporting financial results for Q1 FY24-25 with a rise in the net profit by 26.5 percent YoY. With a market cap of Rs. 40,932 crore, [...]
Shares of this mid-cap stock associated with the EV sector are in focus after the company announced robust results for Q4FY24, i.e., for the quarter and financial year ending March 2024. In the past year, the company’s stock gained nearly 30 percent for its stakeholders. With a market capitalization of Rs 36,688.17 crores, the stocks [...]
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 [...]
This auto ancillary stock is up by 5.63 percent after the company reported 34 percent growth in profit and 20 percent growth in revenue. The company has a market capitalization of Rs. 30,069 crores. At 01:10, 26th October shares of Sona Blw Precision Forgings Ltd were trading at Rs. 541.55, up by 5.63 percent from [...]
This S&P BSE 500 stock rose 1.7% within the first hour of markets opening on Tuesday after it announced a strategic acquisition. The stock is on an uptrend since March 2023 and continues to climb with the moving average as support. The price is currently 0.5% above the 20 day moving average and 19% above [...]
India is a major customer of the automotive industry, and the Indian government is encouraging automakers to produce electric vehicles in order to achieve long-term growth. However, just 1 percent of all automobiles manufactured in India each year are electric vehicles. The Indian government plans to increase this to 30 percent by 2030. According to [...]
