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The government is planning to introduce a production-linked incentive (PLI) scheme for train component makers as part of its efforts to attract foreign manufacturing firms and reduce dependence on imports, people aware of the matter said.

Promoters held 70.95 per cent stake in the company as of 30-Jun-2023, while FIIs owned 7.57 per cent, DIIs 14.23 per cent.

Selling tractors in the US market is a very difficult task given that it has very different farm requirements compared to countries like India. So the fact is that the Mahindras have done well and the traction there is improving and is one of their main businesses originally, places M&M well."

Nifty PSU Bank which comprises 12 stocks has yielded nearly 60% in returns in the last 12 months, which is higher from 10%, 13.68% and 14.92% returns given by Nifty50, Nifty Bank and Nifty Private Bank, respectively, during this period. The story remains the same over 6 months, 1 month and the most recent week.

A total of 33,113 shares changed hands on the counter till 11:31AM (IST)

So same store sales growth in this quarter has been 22%, so out of the 29% year-on-year growth. And as we said this year the franchisee performance has really picked up as against last year. So we are very much hopeful and confident that the same store sales growth will be in the range of 22% to 24%. And that is what will give us a good solid full year number as we proceed quarter on quarter.

The commercial vehicle maker hit a record high of Rs 191 on 11th August 2023 but witnessed some profit-taking on Monday, 14th August. The stock has been making higher highs and higher low formation for the past 5 months.

“The representation of the sectors which are likely to outperform over the next five-seven years in the Nifty is far lower. Auto and pharma have virtually no weight in the index. But if autos outperform in the next five years or manufacturing outperforms, they could run at a faster pace than what the Nifty could run.”

The stock quoted a 52-week high price of Rs 4066.1 and low of Rs 2670.35.

"There will be a lot more demand for both railways and defence orders that are coming in and while these stocks have run up quite a bit, there is actually a significant room for growth from here even though the prices have run up. Also, some of the domestic consumption stories and high precision engineering stories will make a difference."