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Nifty Auto and Nifty Metal have shown strong performance in 2024 YTD, outperforming the benchmark. Experts favor auto over metals for long-term investment due to growth potential, innovation, and less impact from global factors.
Adani Power shares: The Adani Group stock, which fell to a 52-week low of Rs 214 on May 19, 2023 ended at Rs 640 on BSE in the current session. On similar lines, the multibagger stock has gained 171% in a year.
After being caught unawares by the SUV craze, Maruti overtook Mahindra to become India's largest SUV maker in the first half of FY24. It’s now looking to replicate its small-car supremacy in this space, but its hatchback sales are struggling.
On April 22, the Maharashtra-based company raised Rs 194.84 crore through the anchor book.
IndusInd Bank shares fell after March results with 15% YoY net profit rise. NII increased 13.9%. Provisions decreased. NIM at 4.26%. Deposits rose 14% YoY.