Eicher Motors (+2%), Titan (-1%) & more
Nifty rose as investors cheered low inflation and strong IT earnings.
Adani Enterprise (+2%) rose after the company announced that it will invest Rs 60,000 cr in MP in various sectors. Eicher Motors (+2%) rose after the company in collaboration with Volvo launched the largest electric bus and truck at Auto Expo 2023. Titan (-1%) declined due to a rise in gold prices.
Nifty PSU Bank (+1%) rose due to strong performance of JK Bank, Canara Bank, Punjab & Sind Bank, BOB and PNB. Nifty Metal (+1%) rose due to strong performance of Adani Enterprise, NMDC, Tata Steel, MOIL and Hindustan Zinc. Nifty FMCG (-1%) declined due to weak performance of Varun Beverages, United Breweries, United Spirits and Marico.
1. Anup Engineering Q3 consolidated net profit rose by 129% (to Rs 13.88 cr). (Business Standard)
2. Ganesh Housing Corporation (-2%) declined after Q3 net consolidated profit declined by 15% ( to Rs 24.77 cr). (Business Standard)
3.Larsen and Toubro (-1%) declined after Morgan Stanley's underweight stance.(Money Control)
4.Savardhan Motherson (-1%) declined after Volkswagen reported a 7% ( to 8.3 million units) decline in units. (CNBC TV 18)
5.Delhivery (-1%) declined after the block deal. (Money Control)
$300 Bn Electronic Manufacturing Sector by 2026!
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