Latest news with #Mahindra&Mahindra
Business Upturn
4 hours ago
- Business
- Business Upturn
Nifty 50 top gainers today, June 20: Trent, Jio Financial Services, Mahindra & Mahindra, Bharti Airtel and more
Indian stock markets ended sharply higher on June 20, with benchmark indices hitting high levels. The Nifty 50 closed above the 25,000 mark, settling at 25,112.40, up 319.15 points (1.29%). Meanwhile, the Sensex jumped 1,046.30 points (1.29%) to finish the session at 82,408.17. Among the Nifty 50 stocks, several companies recorded significant gains, led by Trent, Jio Financial Services and Mahindra & Mahindra. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on June 20 Trent Ltd : Topped the charts with a 4.0% gain, closing at ₹5,950 . Jio Financial Services : Rose 3.3% , ending the day at ₹293.5 . Mahindra & Mahindra : Continued its strong run, gaining 3.1% to settle at ₹3,189.9 . Bharti Airtel : Moved up 3.0% and closed at ₹1,934 . Nestle India : Gained 2.8% , finishing at ₹2,383.1 . Power Grid Corporation : Added 2.2% to close at ₹292.7 . Reliance Industries : Also up 2.2% , ending the session at ₹1,464.1 . Bharat Electronics Ltd (BEL) : Rose 2.1% to ₹407.1 . HDFC Life Insurance : Increased 2.1% , closing at ₹778 . Shriram Finance: Ended 1.8% higher at ₹664. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Bharti AirtelJio Financial ServicesMahindra & MahindraStock MarketTrent Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
8 hours ago
- Automotive
- Business Standard
M&M shares up for 3rd straight day, rebounds 34% from April low; here's why
Shares price of Mahindra & Mahindra (M&M) today: Shares of automobile giant Mahindra & Mahindra (M&M) were up 2 per cent to ₹3,160 on the BSE in Friday's intra-day trade. The stock price of M&M is trading higher for the third straight day, gaining 5 per cent during the period. It has recovered 34 per cent from its 52-week low of ₹2,360.45 touched on April 7, 2025. The market price of M&M is inching towards its all-time high level of ₹3,276.30 touched on February 10, 2025. Thus far in the month of June 2025, M&M has outperformed the market by rising 6 per cent. In comparison, the BSE Sensex and BSE Auto index were up 0.27 per cent and 0.58 per cent, respectively. Why has M&M outperformed the market in the month of June? The M&M automotive segment reported a healthy growth of ~17.3 per cent year-on-year (Y-o-Y) with 84,110 units. SUV segment volumes for the month came in at 52,431 units, up 21.3 per cent Y-o-Y. M&HCV witnessed a growth of 1 per cent Y-o-Y at 1,094 units. Tractors sales also reported a healthy growth of 9.5 per cent Y-o-Y at 40,643 units. Within this, domestic sales reported a healthy growth of 10.4 per cent Y-o-Y at 38,914 units. Early advancement of above normal Southwest monsoon should bode well for kharif sowing. Land preparation activities are progressing well for paddy sowing. Approval of hike in MSP for Paddy and other kharif crops will bring positive sentiments among farmers. Better reservoir levels, Government announcement of record foodgrain production and introduction of various schemes will help farmers aim higher productivity going forward and in turn augur well for tractor demand, according to M&M. Meanwhile, according to media sources, Aernnova Aerospace and Mahindra Aerostructures have signed a multi-year manufacturing contract valued at ~$300 million, significantly expanding their 12-year partnership. ALSO READ | Kaynes Technology gains 4% after launching QIP to raise ₹1,600 cr; Details Under this agreement, Mahindra Aerostructures will produce metal sub-assemblies and components for Airbus and Embraer aircraft, including the Embraer C390 Millennium military transport. The Indian company will supply these components to Aernnova's facilities in Spain, the UK, Portugal, and Brazil, supporting production ramp-ups as the aerospace sector rebounds globally. Mahindra Aerostructures is a wholly-owned subsidiary of M&M, specialising in the production of metallic parts and assemblies for leading global aerospace majors. It operates a state-of-the-art facility in Bengaluru, India, which was inaugurated in 2013 and commenced serial deliveries in 2015. Mahindra Aerostructures delivers over 120,000 parts and assemblies monthly to destinations in Europe, North America, and Australia. This contract highlights Mahindra's growing role in the global aerospace supply chain and underscores India's emergence as a trusted manufacturing partner for leading international OEMs, ICICI Securities said in a note. ALSO READ | While growth outlook for the passenger vehicle (PV) industry is muted at ~1-2 per cent, a 15-20 per cent growth outlook for M&M's utility vehicles (UVs) is encouraging (a similar divergence in M&M's growth versus the industry was seen in FY25 when M&M delivered on its guidance). Continued upcycle in the Tractor industry will support valuations in the medium term. Monitor the execution of battery electric vehicles (BEVs) in the coming months as this is crucial for M&M to meet its upcoming CAFÉ targets (of having ~20-25 per cent of the portfolio from BEVs), as also support current valuations, analysts at Elara Capital said in quarterly update.
News18
10 hours ago
- Business
- News18
Why Is Indian Stock Market Rising? Sensex Surges Over 800 Points, Nifty Reclaims 25,000
Last Updated: Sensex and Nifty 50 posted strong intraday gains on Friday, June 20, defying escalating tensions between Israel and Iran Why Is Market Rising Today? Indian stock market benchmarks Sensex and Nifty 50 posted strong intraday gains on Friday, June 20, defying escalating tensions between Israel and Iran. The Sensex opened slightly lower at 81,354.85 compared to its previous close of 81,361.87 but surged over 800 points, or 1%, to touch an intraday high of 82,186.37. Similarly, the Nifty 50 began at 24,787.65 and climbed 1% to hit an intraday peak of 25,040.45 from its previous close of 24,793.25. Among the top gainers on the Sensex were Bajaj Finserv, Mahindra & Mahindra, UltraTech Cement, SBI, Eternal, Maruti Suzuki, and Axis Bank, all rising up to 1.5%. However, IndusInd Bank, Bajaj Finance, Tech Mahindra, and Titan opened in negative territory. In contrast, Asian markets opened on a subdued note following reports of Israel bombing Iranian nuclear facilities, which prompted retaliatory missile and drone attacks from Iran. Meanwhile, the White House stated that President Donald Trump would decide within two weeks whether the US would provide military support to Israel. Investor sentiment remained upbeat in Indian markets, reflected in the rise in overall market capitalisation of BSE-listed companies, which grew by nearly Rs 3 lakh crore to reach Rs 446 lakh crore, up from Rs 443 lakh crore in the previous session. Following three sessions of subdued trade, Indian equities are bouncing back as investors take advantage of attractive stock valuations. Experts believe the underlying economic fundamentals remain strong, prompting renewed buying interest and short covering in key sectors. A sharp decline in crude oil prices has provided a tailwind to the market. Brent crude slipped over 2% to near $77 per barrel, easing inflationary and fiscal concerns. Despite escalating Middle East tensions, the fall is attributed to profit booking and uncertainty surrounding potential US intervention in the Israel-Iran conflict. White House Press Secretary Karoline Leavitt confirmed that President Donald Trump is expected to make a decision on US involvement within two weeks, keeping geopolitical anxiety high but market reaction measured for now. Analysts say oil remaining below $80 per barrel is a positive sign for Indian equities. FPIs Resume Buying Foreign portfolio investors (FPIs) have been buying Indian equities for the last three consecutive sessions amid a decline in the dollar index. On June 19, FPIs bought Indian equities worth ₹934.62 crore in the cash segment. As the Indian economy's macro outlook remains strong, experts believe foreign investors could be eying fairly valued segments of the stock market after the recent fall. What Should Investors Do? 'Nifty, which has been trading within the 24500-25000 range for about a month now, is likely to remain within this range in the near term. The upper side of the range will be broken only on news of de-escalation of the Israel-Iran conflict or an abrupt end to the war. The lower side of the range is unlikely to break since big buying, particularly by domestic institutions, will emerge on dips. If the war lingers and crude rises beyond $85, the lower band of the range will be broken," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments.
Mint
10 hours ago
- Business
- Mint
Nifty 50 Trading Strategy: Analysts suggest Bear Put Spread options strategy for 26 June expiry
The Indian stock market traded higher after opening flat on Friday amid mixed global cues, with the benchmark indices, Sensex and Nifty 50, gaining nearly half a percent each. The Nifty 50 index rose close to 24,900 level, recovering from the previous session's loss. Mahindra & Mahindra (M&M), HDFC Life Insurance Company, Bharti Airtel, Jio Financial Services, Trend and Shriram Finance were among the top gainers in the Nifty 50 index. In Thursday's session, the Nifty 50 declined 18.80 points, or 0.08%, to close at 24,793.25. The formed a doji candle and continues to stay sideways in the range of 24,500 and 25,200 levels. In the options market, the highest Open Interest (OI) on the Call side is at the 25,000 strike, followed by 24,900 and 25,100, which could act as resistance levels, according to Axis Securities. On the Put side, the highest Open Interest is at 24,800, followed by 24,700 and 24,500, which may serve as support levels. The premium for the At-the-Money option is ₹ 412, indicating a likely trading range for the week between 24,300 and 25,200, Axis Securities said. Axis Securities has suggested a Bear Put Spread strategy for Nifty options contracts expiring on 26 June 2025, reflecting a moderately bearish outlook. A Bear Put Spread involves buying a Put option with higher strike and simultaneously selling a Put option with lower strike to offset part of the upfront cost. This strategy is characterized by limited risk and limited profit potential, making it suitable for traders anticipating a moderate decline in the underlying Nifty 50 index. Buy Nifty 24,800 Put @ ₹ 190 - 200 Sell Nifty 24,550 Put @ ₹ 110 - 120 The strategy involves buying one lot of the 24,800 strike Put option and simultaneously selling one lot of the 24,550 strike Put option, according to Axis Securities. According to analysts at Axis Securities, the potential maximum risk for this strategy is ₹ 6,000, whereas the potential maximum reward is ₹ 12,750. 'Traders may consider deploying this spread strategy to achieve moderate returns while maintaining controlled risk and reward,' the brokerage firm said. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
The Hindu
11 hours ago
- Business
- The Hindu
Markets rebound in early trade tracking firm Asian peers, foreign fund inflows
Equity benchmark indices Sensex and Nifty rebounded in early trade on Friday (June 20, 2025) after a three-day decline tracking a positive trend in Asian markets and foreign fund inflows. After a flat start, the 30-share BSE Sensex later climbed 289.43 points to 81,651.30 in early trade. The 50-share NSE Nifty went up by 88.25 points to 24,881.50. From the 30-Sensex firms, Mahindra & Mahindra, Eternal, State Bank of India, UltraTech Cement, Bajaj Finserv and Maruti were among the biggest gainers. IndusInd Bank, Bajaj Finance, Tech Mahindra and Kotak Mahindra Bank were among the laggards. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were quoting in the positive territory. US markets were closed on Thursday for Juneteenth holiday. Global oil benchmark Brent crude dropped 2.45% to $76.92 a barrel. "Nifty which has been trading within the 24,500-25,000 range for about a month now is likely to remain within this range in the near-term. The upper side of the range will be broken only on news of de-escalation of the Israel-Iran conflict or an abrupt end to the war. "The lower side of the range is unlikely to break since big buying, particularly by domestic institutions, will emerge on dips. If the war lingers and crude rises beyond $85 the lower band of the range will be broken," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. Foreign Institutional Investors (FIIs) bought equities worth Rs 934.62 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth Rs 605.97 crore. On Thursday, the 30-share BSE Sensex declined 82.79 points, or 0.10 per cent, to settle at 81,361.87. The Nifty dipped 18.80 points or 0.08 per cent to 24,793.25.
