Trade Setup for April 12: Will the US inflation data spoil the Nifty party towards 23,000?
The Nifty is just 250 points away from the 23,000 mark, while the Nifty Bank is also 2% away from the 50,000 mark.
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The Nifty is just 250 points away from the 23,000 mark, while the Nifty Bank is also 2% away from the 50,000 mark.
Q4 auto sector is poised for revenue growth of 15% with EBITDA expected to rise by 28%. Brokerages foresee flat margins for some OEMs. Positive 2W demand trends noted. Top picks include TVS and Tata Motors.
Uno Minda: The plant with a with a capacity of 120,000 wheels per month will be set up in phases over the next 5 years with the phase 1 commissioning scheduled for Q2 FY26, the company said.
Auto components maker Uno Minda on Wednesday said it has commenced construction work on a passenger vehicle alloy-wheel plant in Haryana, entailing an investment of Rs 542 crore. The facility is located at IMT Kharkhoda in Haryana, and it will have a production capacity of 1.2 lakh wheels per month.
Reliance's GRMs are currently at about $7.4 versus about $5.5 in the previous quarter. That is going to be a positive trigger. In the telecom business, the ARPU is steadily growing. InterGlobe Aviation is mirroring HDFC Bank's past. Uno Minda and Motherson Sumi show promise in the EV space. IndiGo dominates market share. Pharma sector sees growth potential.