TVS Singapore: TVS Motor’s subsidiary, TVS Motor (Singapore) Pte Ltd, has concluded the acquisition of an additional 14.28% stake in Killwatt GmbH. This follows the stake increase from the initial 25% to 39.28%, as announced in November 2023.
For two-wheelers, the trend will continue aided by gradual recovery in rural demand. Commercial vehicles, however, are expected to go through a rough patch amid elections, and for tractors, too, it is a bumpy road ahead
They note positive setups in various stocks, including Maruti, TVS Motor, ACC, Biocon, Tata Motors, M&M,Persistent, Ambuja Cements, Adani Ports, Federal Bank, Trent, and Indian Hotels.
Stocks that were in focus included names like TVS Motor, which rose 2.25%, KPI Green, which jumped 5%, and Oil India, whose shares increased 1.57% on Friday.
Positive setup was seen in stocks like Federal Bank, Metropolis, Granules, Wipro, M&M, Mphasis, Tata Communication, SBI Life, Concor, Alkem, Adani Ports, ACC, Maruti, TVS Motor, Ambuja Cement, HDFC AMC, etc. among others.