Positive setup was seen in stocks like Trent, Canara Bank, AB Capital, SBI, DLF, Indian Hotels, PFC, GMR Infra, Motherson, REC Ltd, UltraTech Cements, Alkem and Ipca Laboratories.
Sub 5 Lakh Car: With vehicle prices going up sharply in past few years amid claims of high commodity prices and more expenditure due to safety norms, the share of entry level cars - those priced under INR 5 lakh - has crashed from 33.6% in 2015 to 0.3% in 2023. What auto companies don t tell you is that they have graduated to bigger cars to earn fatter margins.
Investors are also waiting to see if the moderation in core inflation and focus on fiscal prudence in the interim budget would enable policymakers to signal a turn in the rate cycle.
Maruti Suzuki has launched a new special edition of the Fronx called the Velocity Edition. The Fronx Turbo Velocity Edition is available in three variants – Delta+, Zeta and Alpha. The special