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eicher motors shares: Eicher Motors shares fall over 3% after decline in 2-wheeler sales in December

At the same time, international business witnessed a fall of 29% as the firm sold 6,096 units in December 2023 as compared to 8,570 units in December 2022.

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Dalal Street Week Ahead | Exit polls, manufacturing PMI, US, India GDP among 10 factors to watch

The market is likely to get into some momentum after the rangebound trade seen in previous seven trading sessions, by taking cues from several global and domestic factors, experts said.

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Auto sales data: Festive demand leads to best-ever passenger vehicle, three-wheeler dispatches in October

Indian auto industry (SIAM) reported a record high in passenger vehicle wholesales in October, driven by strong festive season demand. The overall dispatches to dealers rose 16% YoY to 3,89,714 units, while the three-wheeler segment saw its highest monthly dispatch at 76,940 units, a 42% growth from the previous year. The growth is attributed to government policies and the festive season.

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Maruti Suzuki, Hyundai India, M&M among top PV sellers in Sept '23; Alto, i10, i20 among top selling models: SIAM

Auto sales data: Total 3,61,717 units of passenger vehicles were sold in September 2023 compared to 3,55,043 a year ago, according to the data shared by the Society of Automobile Manufacturers (SIAM)

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Phil LeBeau


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Stocks to watch: Axis Bank, Airtel, Voda Idea, Sunteck Realty, auto stocks


Here are the top stocks that are likely to be in focus today:
Auto stocks: Shares of auto companies will be in focus as they are set to unveil their March sales figures today. Demand sentiments across segments (ex 2W) remains unaffected, despite second concurrent lockdown in certain parts, said analysts at Prabhudas Lilladher.
Central Bank of India: The lender said it has cancelled an agreement to sell its stake in housing finance subsidiary to Centrum.
Axis Bank: The private sector bank has entered into a share purchase agreement for sale of 100 per cent stake in its subsidiary, Axis Bank UK Ltd, to OpenPayd Holdings.

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Stocks to watch: Affle India, BEML, RIL, auto stocks, RailTel, IOC, Vedanta


Here are the top stocks that are likely to be in focus today:
Affle India: The company at its board meeting approved the fundraising of upto Rs 1,080 crore.
IOC: Indian Oil Corporation (IOC) will invest Rs 32,946 crore to expand Panipat refinery capacity to 25 million tonne per year from 15 million tonne per year earlier.
Auto stocks: Auto sales figures would start trickling in from March 1 onwards. Car and tractor makers are likely to report a strong set of auto sales numbers for the month of February, but growth in two-wheeler sales may not be as strong, according to analysts. Stock-specific action is expected in the auto companies on the back of these numbers.

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