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Deepak Shenoy discusses excitement for auto stocks and auto ancillaries, potential investments in M&M and cautious optimism on two-wheeler sales. he also suggests monitoring of FDA actions in the pharma sector. Shenoy says a quantitatively driven, price driven strategy will make them consider pharma again,He also anticipates growth in the healthcare sector and potential opportunities in the chemical space. ....
On an average, Tata stocks gave a mindblowing return of 85% during the financial year. Retail investors ignored institutional investors who have been valuing holding companies at a discount to the underlying value of their holdings. ....
The market capitalisation of RPG Enterprises companies, led by Harsh Goenka, grew by a staggering 77% in FY24 to Rs 45,932 crore as of March 22, data by Ace Equity showed. ....
Tata Motors is expected to report a year-on-year growth in revenue and profit in its Q3FY24 scorecard, while sequential numbers may be subdued. JLR business may deliver better operating margins on higher sales and a favourable mix of products. ....
"The rating upgrades reflect continued improvement in TML s (Tata Motors ) credit profile on the back of strengthening profitability and free cash flow that have enabled the company to reduce its borrowings despite elevated capital expenditure,” said Kaustubh Chaubal, Vice President at the global ratings agency ....