Largecap, Midcap, Smallcap Stocks in News Maruti Suzuki, Tata Motors, TVS Motor, Eicher Motors, other stocks to follow on October 3; see the full list here | Share Market News
Share Market News, Stocks to Watch: Dalal Street is all set to return to trading on Thursday following the week-long holiday of Mahatma Gandhi Jayanti on October 2. On Tuesday, the Sensex and Nifty50 ended a volatile market session on a muted note, inches below the flatline as selling pressure. in spaces like oil and gas and FMCG offset scattered buying interest in sectors like IT and automobiles. Currently, the Sensex and Nifty50 stand around 2.0 percent below their all-time highs reached last Friday, with bulls taking a breather following a near one-sided rally in the past few sessions.
Investors and analysts alike await the start of a new earnings season on Dalal Street, with all eyes on the financial results of IT giant TCS of the Tata group on October 10. Tata Consultancy Services’ release of its earnings report for the July-September period will begin. India Inc’s results season, the company became the first Nifty50 to release its numbers.
With the focus on the first weekly expiry date of the Nifty50 index, here are a few stocks that will be in focus during the October 3 session on Dalal Street:
Big Stocks in News | Maruti Suzuki India, Tata Motors, Mahindra & Mahindra, Bajaj Auto, TVS Motor, Eicher Motors, Ashok Leyland, other auto stocks
A number of car manufacturers have reported their monthly sales. Maruti Suzuki, Hyundai Motor India, and Tata Motors each reported a decline in their sales in September.
Maruti Suzuki India reported a 4 percent decline in its domestic car sales last month to 1,44,962, while Tata Motors’ passenger car sales (including electric vehicles) fell 8 percent to 41,063. Read more about car sales in September 2024
Two-wheelers, especially motorcycles, surpassed all other segments in the country’s auto market in September, with an 11 percent year-on-year increase in monthly motorcycle sales to 86,978 units, according to data from industry association SIAM.
Big Stock in News | Dr. Reddy’s Labs
Dr Reddy’s Laboratories has signed an agreement with Gilead Sciences to manufacture and sell the drug Lenacapavir in this country and in 120 foreign markets.
Largecap Stock in Focus | JSW Power
JSW Energy’s subsidiary, JSW Neo Energy, has received a letter of intent (LoI) from the Maharashtra State Electricity Distribution Company for a project involving pumped storage hydroenergy of up to 1,500 MW/12,000 MWh.
Get all the latest stock market updates here. For all other news related to business, market, technology and automobiles, visit Zeebiz.com.
