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If the deal takes place at this valuation, it will become the most valuable two-wheeler EV company in the country. The current market value of TVS Motor is Rs 51,238.15 crore.

​If the company IPO plans materialize, it would be the largest company by market value in the country’s listed stationary segment

A pause in rates is a higher probability, economists said, though one more reading of inflation numbers is expected before the Reserve Bank of India’s next policy review in April. The benchmark 10-year bond yield rose to 7.41% intraday from Monday’s close of 7.36% but slid to close at 7.37% Continue Reading

He added that as more investors get comfortable with India there could be more foreign capital inflows to the country. Some recent events in the country’s financial markets will not have a bearing on those.

However, Dangra also pointed at a number of factors to suggest the crisis doesn’t seem to cause meaningful contagion risk to the Indian financial system directly. Based on external estimates, the banking system’s exposure to Adani Group is less than 1%, he said.

“At least 31 airports are under Krishi Udan. We are speaking to the Ministry of Defence to include 21 more,” Scindia said, while speaking on the second day of a meeting of the G20 Agriculture Working Group.

TVS Motors is currently trading at Rs 1,069 and is trending upward while maintaining trendline support. For the past five months, TVS has seen good price and time consolidation and is currently fluctuating between Rs 975 and 1175, the brokerage said, adding that the stock can be bought around Rs Continue Reading

“The current market volatility is temporary; and as a classical incubator with a vision of long-term value creation, AEL will continue to work with the twin objectives of moderate leverage and looking at strategic opportunities to expand and grow,” Chairman Gautam Adani said.​​

M&M’s tractor division growth outpaced the industry at ~15% year-year (YoY) in 3QFY23. Its market share improved sequentially to ~41% in 3QFY23, compared with ~40.1% in 2QFY23. Nomura expects M&M’s tractor division’s growth to be higher than the overall industry, as it factors in a higher market share.

Most of the oscillatory suggest a possible uptrend. Hence, short-term traders can look to buy the stock now or on dips towards Rs 977-1,075, they say. Supertrend indicators also triggered a buy in October on the weekly charts.