Electric scooters (e-scooters) are projected to make up one in every five scooters in India by FY26, backed by expanded distribution networks, new product launches, and the entry of major players like Honda with its electric Activa. Manufacturers are optimistic that e-scooter penetration could reach 20-25 percent of the total two-wheeler market.
Open FlipIndian Oil Corporation shares will likely remain in focus on Monday after the state-owned company’s board approved the investment for setting up a yarn project at Bhadrak, Odisha, in a 50:50 joint venture with MCPI Private Ltd. The announcement comes amid weak financial results for the July-September quarter. Indian Oil posted a standalone net profit of Rs 180 crore.
Open FlipShares of Vedanta are likely to remain in focus today as December 24 was fixed as the record date by the company for determining the shareholder eligibility for Rs 8.5 per share interim dividend. This means today is the last day to buy the shares of Vedanta to be eligible for the said dividend. This marks the company's fourth interim dividend for FY25, totaling Rs 3,324 crore.
Open FlipStocks to buy today 📌UCAL: Buy at ₹215, target ₹227, stop loss ₹207; 📌Times Guaranty: Buy at ₹186.88, target ₹200, stop loss ₹180; 📌Techno Electric & Engineering Company: Buy at ₹1625.15, target ₹1725, stop loss ₹1560; 📌Cartrade Tech: Buy at ₹1616, target ₹1717, stop loss ₹1555; and 📌Emmbi Industries: Buy at ₹156.43, target ₹170, stop loss ₹150.
Open FlipJBM Auto Limited's shares surged 5% to Rs 1,720 after its subsidiary, JBM Ecolife Mobility, was awarded a Rs 1,800 crore contract to operate 343 electric buses in Ahmedabad, marking a 17% rise in the past month. The company's consolidated revenue and net profit also saw a slight increase in the September quarter.
Open FlipSterling and Wilson Renewable Energy shares jumped close to 7 percent in early trade on December 23 after the company announced bagging a domestic order worth nearly Rs 1,200 crore. The company has secured an order for the Design, Engineering, Procurement, and Construction (EPC) of the Balance of System (BOS) for a 500 MW (AC) Solar PV project in Gujarat.
Open FlipGold Rate and Silver Price Today on Dec 23, 2024: Gold prices experienced a modest decrease on Monday. The cost of 24 carat gold in India is Rs.7761.3 per gram, reflecting an decrease of ₹10.0. The cost of 22 carat gold in India is 7116.3 per gram, a fall of ₹10.0. The price fluctuation of 24 carat gold over the past week is recorded at 1.42%. The current price of silver in India is 94500.0 a kg.
Open FlipIndian miner Vedanta will not carve out a separate listed unit for its base metals business, it said on Friday, after discussing the matter with its stakeholders and lenders. Vedanta, led by billionaire Anil Agarwal, had last year launched a sweeping overhaul to carve itself up into six separate businesses, in a move aimed at shoring up the group's financial performance.
Open FlipInternational brokerage Morgan Stanley has initiated an 'equal-weight' call on the recently listed Niva Bupa Health Insurance Company. Alongside that, Morgan Stanley set a price target of Rs 88 for the stock, implying a potential upside of 15 percent from Friday's close. According to Friday's close of Rs 76.27, the stock is trading below its listing price of Rs 78.14.
Open Flip📌Zomato will join the Sensex on December 23. JSW Steel will exit the index. This change will bring $513 million into Zomato. 📌JSW Steel will see $252 million leave. Other companies like 📌Mahindra & Mahindra, 📌ITC, 📌Infosys, and 📌Sun Pharma will also see minor changes in their Sensex weighting. These adjustments reflect the changing dynamics of the Indian stock market.
Open FlipGeojit Financial Services's report on Daily Agri Picks: The National Commodity and Derivatives Exchange Ltd. will launch options contracts on turmeric, coriander, and jeera futures, according to a circular issued by the exchange Thursday. The contracts will be available for trading from Jan. 2, the exchange said in the circular.
Open FlipBharat Global Developers shares crashed to its lower circuit of five percent in the early session on December 23, after market regulator Securities & Exchange Board of India suspended trading in the stock until further orders. The regulator has also barred the company’s promoters from accessing capital markets indefinitely.
Open FlipShares of Ksolves India are expected to stay in focus on Monday after the company announced on Friday that its board has approved a 1:2 stock split. The decision, made during a meeting on December 20, 2024, involves altering the company's share capital by subdividing its existing equity shares. Each share with a face value of Rs 10 will be split into two shares, each with a face value of Rs 5.
Open FlipShares of NHPC may remain in focus today as the company’s Chairman and Managing Director, Raj Kumar Chaudhary, announced on Friday that NHPC will invest Rs 5,500 crore in setting up a 1,000-megawatt solar power project in Bihar. The firm signed a Memorandum of Understanding (MoU) with the state government for this investment at the Bihar Business Connect 2024 investor summit.
Open FlipLarsen & Toubro's shares rose on Monday after the company secured a "major" order to supply K9 Vajra-T Artillery Platforms to the Indian Army, worth between ₹5,000 crore to ₹10,000 crore. The order is for the second batch of the artillery platforms, with production to take place at L&T's Armoured Systems Complex in Gujarat.
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