Jamna Auto Industries, incorporated in the year 1965, is a Small Cap company (having a market cap of Rs 4604.51 Crore) operating in Auto Ancillaries sector.
The 30-share BSE Sensex edged 50 points or 0.08 per cent to trade at 64,937, while the broader NSE Nifty moved 23 points or 0.12 per cent up to trade at 19,289. Mid- and small-cap shares were slightly positive as Nifty Midcap 100 climbed 0.24 per cent and small-cap gained 0.35 per cent.
​Hence, they have to stop somewhere and pause the rates, rate hiking cycle and somewhere also cut the rates because China is already cutting rates right now.
ICICI Direct is bullish on Jamna Auto Industries recommended buy rating on the stock with a target price of Rs 135 in its research report dated August 28, 2023.
Analysts predict the markets will remain in consolidation mode amid key events such as the release of the domestic GDP print, both domestic and global macro data, as well as the monthly expiry.