Tesla to enter India in 2021, how will it impact Indian automakers?
The Model 3 sedan will still be the first car to enter India and this will be done through the completely built unit route.
Source: Reuters
American clean-energy and electric-vehicle company Tesla is expected to begin its operations in India in the new year.
Union minister for road transport and highways Nitin Gadkari confirmed on December 28 that the electric-car manufacturer would be arriving in India in early 2021. The company led by maverick billionaire Elon Musk will first start with sales and then look at assembly, if the demand requires it.
Analysts Recommend These 12 Mid, Smallcap Stocks For Healthy Returns In 2021 moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Nifty zoomed 148.15 points or 1.09 per cent to 13,749.25.
Axis Bank topped the Sensex gainers chart.
Equity indices marched higher for the third session on the trot on Thursday, propelled by Reliance Industries and financial stocks, amid a positive trend in global markets on prospects of a Brexit trade deal.
A sharp jump in the rupee and persistent foreign fund inflows added to the momentum here, traders said.
The 30-share BSE Sensex surged 529.36 points or 1.14 per cent to close at 46,973.54. The broader NSE Nifty zoomed 148.15 points or 1.09 per cent to 13,749.25.
Axis Bank topped the Sensex gainers chart, spurting 3.04 per cent, followed by Sun Pharma, ONGC, Reliance Industries (RIL), HDFC, ICICI Bank, Bharti Airtel, Bajaj Finance and Kotak Bank.
Sensex, Nifty end near record highs on Thursday; here s what experts make of today s trade financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Synopsis
While dividend yield is a key parameter that aids returns of PSU stocks, the absolute price performance does not tell a very compelling story.
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While BSE Sensex has risen more than 79 per cent from its March lows, BSE PSU Index has added 39 per cent in the same period. Also, while Sensex has gained 11.5 per cent year to date, BSE PSU Index has dropped 20 per cent.
MUMBAI: Value is emerging in the PSU (public sector undertakings) pack as we enter 2021, and select stocks from this space should draw attention as valuations appear stretched elsewhere.
That seems to be the consensus view of a dozen analysts who took part in the ETMarkets New Year Survey.