Nitin gadkari on electric vehicle

Tata Motors share price gained 3 percent in the morning trade on December 9 after Jaguar Land Rover (JLR) reported a consistent improvement in China sales for the fifth consecutive month in November.The stock has rallied 35 percent in the last three months. It was quoting at Rs 164.30, up Rs 2.80, or 1.73 percent, on the BSE at 1154 hours.The UK-based luxury carmaker announced retail sales of 46,542 Jaguar Land Rover vehicles in November 2019, down 3.4 percent compared to the same period last year.Close "Sales were down in the UK (-10.8 percent reflecting lower industry and lower incentives on selected models), Europe (-16.8 percent, largely reflecting higher sales a year ago ahead of tax changes in certain jurisdictions), and Overseas (-16.7 percent, largely Russia and MENA)," Tata Motors said in a BSE filing. related news D-Street Buzz: Metal stocks shine led by SAIL, JSPL; Maruti up 2%, FMCG drags Jaiprakash Power shares locked in 5% lower circuit after 6 days of … [Read more...] about Tata Motors share price gains 3% on improved November JLR sales in China

Ajit Mishra, Vice-President Research, Religare Broking, said investors with a two-to-three year horizon can start investing in quality midcap and smallcaps with a strong promoter track record, low leverage as well as healthy growth prospects. He advises avoiding stocks that have run into trouble owing to mounting debt, promoter pledge or other company-specific issues.Among sectors, Mishra feels auto, banking/NBFC and FMCG stocks would outperform going forward. Even here, he advises buying stocks in a phased manner with a medium to long term view.Edited excerpts:Close Q: What does the outcome of the Monetary Policy Committee meet suggest? Do you see a further rate cuts at its February meeting?A: In a surprise move, MPC decided to hold rates against a wide expectation of a minimum 25 bps rate cut. The pause, as mentioned by the Governor, is temporary as the Reserve Bank would await more data on inflation and growth and therefore be better placed for a rate cut at its February policy. … [Read more...] about Betting on an economic recovery? These 4 sectors likely to hog the limelight

The rupee's depreciation against the US dollar has improved the business outlook for the information technology and pharmaceutical sectors and has boosted their fortunes, according to Krishna Sanghavi, Head – Equity, Canara Robeco Mutual Fund.In an interview to Moneycontrol, Sanghavi said the fund house also likes retail and corporate banks for investments. He, however, said it is underweight on non-banking financial companies, global commodities, and the automobile and telecom sectors.Sanghavi believes retail-oriented NBFCs with a sound management track record, risk management processes, and reasonable valuations offer an attractive investment opportunity in the current environment.Close Speaking about the rupee's depreciation, Sanghavi said that a depreciating currency typically helps businesses that are engaged in export-oriented business and/or import substitution as their competitiveness improves, leading to improved profitability.Himadri BuchAssistant … [Read more...] about Canara Robeco MF likes IT, pharma, bank, consumption stocks: Krishna Sanghavi