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BEL shares fall 0.08% as Nifty drops

Updated at : 2024-10-01 12:30:02

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A total of 729,805 shares changed hands on the counter till time (IST).

Welspun Corp share price surged 4% to a 52-week high of Rs 795 on BSE following the announcement of a major order worth Rs 2,400 crore in the United States. The company stated it received this significant order for the supply of Coated HSAW Pipes for a natural gas pipeline project. Execution of the order is planned for FY25 and FY26.

​Top Nifty 200 companies recorded over 15% sales growth over four fiscal years, reflecting strong demand, effective strategies, and adaptability, making them attractive for long-term investors.

Ashok Leyland shares rise 1.87% as Nifty gains

Updated at : 2024-10-01 11:20:02

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The stock quoted a 52-week high price of Rs 264.7 and a 52-week low of Rs 157.65.

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Swiggy has received IPO clearance, drawing attention to its financial race with Zomato. Over the last three fiscal years, Zomato displays stronger financial performance in terms of total income, profit margins, and Gross Order Value, while Swiggy continues to incur significant losses.

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The Relative Strength Index of the stock stood at 48.42 on Tuesday.

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Promoters held 37.88 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 32.13 per cent and 10.98 per cent, respectively.

Mahindra & Mahindra shares rose 1.5% after reporting a 16% increase in auto sales and a 24% growth in SUV sales for September 2024, with total sales reaching 87,839 vehicles.

​Second, two-wheeler sales will continue to be strong around 12%, 13%, 14% depending on the company. Bajaj and TVS Motors I think still will continue to be strong. On the other hand passenger vehicles, some amount of inventories are building up clearly and so whether the dealer profitability will go down, does not really affect OEMs. So, I think Maruti will tread water. Commercial vehicle sales on the other hand have not picked up.

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HDFC Securities has buy call on Kirloskar Brothers with a target price of Rs 2,049. The current market price of Kirloskar Brothers is Rs 1,847.7.

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