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Prabhudas Lilladher's Singh said that Tata Motors has also been leaders in the domestic electric vehicle segment, gaining significant local market share. By contrast, Maruti Suzuki has been facing headwinds due to its presence mainly in the lower-cost passenger vehicles. However, the brokerage has a 'Buy' rating on both stocks.
With a sharp rally in the Reliance stock, the net worth of Mukesh Ambani, the chairman of Reliance Industries, jumped $6.7 billion on Monday to $111.1 billion, according to the Forbes Real-Time Billionaire list.
Domestic funds and Arab individuals drag QSE 28 points; M-cap melts QR1.79bn
Brokerage house ICICI Securities has said that India’s first USD 1trn mcap stock could emerge by 2032 driven by peak ‘PAT/GDP’ ratio.
Foreign funds’ selling pressure drags QSE 35 points; M-cap melts QR2bn