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Informist, Wednesday, Nov. 12, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Tata Motors CV arm lists at INR 335, up 28% vs discovered price

 

MUMBAI--1106 IST--Shares of Tata Motors, the demerged commercial vehicles subsidiary which was earlier known as TML Commercial Vehicles, listed at INR 335 on the National Stock Exchange Wednesday. At 1105 IST, shares of Tata Motors were up almost 28% at INR 327.30 compared to the discovered price of INR 260.75. Nearly 16 million shares of the company changed hands on the bourse so far Wednesday. The listed passenger vehicles company under the Tata group is called Tata Motors Passenger Vehicles. 

 

The demerger separates the fast-growing passenger vehicle and EV business from the more stable, cash-generating CV business, allowing investors to value each on its own strength, Jahol Prajapati, research analyst at SAMCO Securities said in a note. The demand for commercial vehicles is expected to rise sharply, with improving freight activity, ease in commodity costs, and the GST rate cut. Fleet replacement and new demand from construction and logistics players will add further momentum. 

 

For the month of October, the company's commercial vehicle sales rose 10% on year to 37,530 units, marking its highest monthly sales since March. Domestic commercial vehicle sales in October grew over 7% on year to 35,108 units and exports were up over 56% at 2,422 units. (Anjana Therese Antony)

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Equity Alert: Cochin Shipyard up over 2% ahead of Jul-Sept earnings

NEW DELHI--1031 IST--Shares of Cochin Shipyard traded slightly higher ahead of the company's earnings for the September quarter due later in the day. At 1026 IST, shares of the company traded 2.3% higher at INR 1,795.8 on the National Stock Exchange. 

 

The shipbuilding and maintenance company's top line is expected to grow nearly 10% on year and 23% on quarter to INR 12 billion for the September quarter, according to Kotak Institutional Equities. "We expect 10% yoy revenue growth, driven by the execution of ASW (anti-submarine warfare) Corvette and NGMV (next-generation missile vessel) projects and the ship repair segment," it said.

 

The company's net profit is seen at INR 1.92 billion, down 0.5% on year but up 2.3% from the trailing quarter, according to the brokerage's estimate. The company had reported a net profit of INR 1.93 billion and revenue of INR 10.97 billion in the year-ago quarter.

 

Its earnings before interest, tax, depreciation and amortisation, or EBITDA, is seen around INR 2.2 billion in Jul-Sept, down 24% on quarter. Kotak expects its EBITDA margin at 18.3% in the reporting quarter, up 40 basis points on year, but down 560 bps on quarter due to lower contribution from ship repair. 

 

Of the four brokerage reports available with Informist on the company, three have a 'buy' rating with an average target price of INR 1,624, and one has a 'sell' rating. The stock has risen nearly 8% since its June quarter earnings were announced on Aug. 12, when shares had closed at INR 1,667.2. (Afra Abubacker)

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Equity Alert: Domestic indices open higher on strong cues in global mkts

 

MUMBAI--1025 IST--Benchmark indices opened higher Wednesday, supported by stocks from the financial services sector. Rise in the Indian market came as they tracked gains in the US market and on hope of a potential trade deal between the US and India after US President Donald Trump's comments on a likely trade deal with New Delhi soon. 

 

Oil and Natural Gas Corp was the biggest gainer in the Nifty 50 index rising over 2% after the company posted better-than-expected September quarter earnings. Tata Consutancy Services rose over 1% and it was among the top gainers in the index. The company announced that it has entered into a partnership with Norwegian research and development company SINTEF to deploy social artificial intelligence to improve elderly care in Norway. Bajaj Finserv and Bajaj Finance rose nearly 1?ter incurring steep losses in the previous session. 

 

Shriram Finance was the biggest loser in the Nifty 50 index falling nearly 1% and the stock snapped a three-day winning streak. JSW Steel and Bajaj Auto fell 0.5?ch. At 0945 IST, the Nifty 50 index rose 0.6% at 25844.55 points and the BSE Sensex index gained 0.6% at 84368.39 points. 

 

All sectoral indices were higher except the Nifty FMCG which was down 0.3%. The top gainers were Nifty IT and Nifty Auto, which rose over 1%. All broader market indices were in the green. (P. Madhu Kumar)

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Equity Alert: Most Asian indices rise tracking gains in US market

 

MUMBAI--0828 IST--Most Asian indices were higher in early trade tracking gains in the US market as the US Congress looked set to end the federal government shutdown and traders looked for direction in the absence of clues from government data services.

 

South Korea's Kospi was the biggest gainer among Asian indices, rising over 1%. South Korea's central bank could delay a rate cut until 1Q 2026 (Jan-Mar), with household debt and elevated housing prices as key concerns, Moody's Analytics economist Dave Chia writes in a note, Dow Jones News wires reported.

 

South Korea's seasonally adjusted unemployment rate edged up to 2.6% in October from 2.5% in September, matching August's level, according to the data released by the Ministry of Data and Statistics.

 

Among other indices, Japan's Nikkei 225 index rose marginally and the Topix First Section gained over 1% and was among the top gainers in the Asian region. Australia's SP/ASX 200 index rose slightly in early trade. 

 

Chinese indices fell into the negative territory and were the only indices in the Asia-Pacific region that traded in the red. China's CSI 300 index and the SSE Composite index were marginally lower. 

 

Following were the levels of key Asian indices at 0840 IST:

 

Index	Level	Change in %
CSI 300 Index	4660.441	(-)0.24
Hang Seng Index	26562.18	0.67
Nikkei 225 Day	51131.28	0.43
TOPIX FIRST SECTION	3323.18	1.17
KOSPI	4126.7	0.70
FTSE Singapore Straits Times	4542.01	0.42
S&P/ASX 200 Index	8819.6	0.20

 

(P. Madhu Kumar)

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Equity Alert: Indices seen opening tad higher; Bihar exit polls in focus

 

MUMBAI--0810 IST--Benchmark equity indices are expected to open slightly higher as investors track exit polls from Bihar Tuesday, which indicated a win for the National Democratic Alliance in the state's assembly election. The votes will be counted Friday.

 

"The domestic market will most likely trade volatile in (the) near term," Vipin Kumar, assistant vice-president of derivatives and technical at Globe Capital Market, said. "Today, it (market) will react to Bihar exit polls and Friday, vote counting will keep traders on their toes," he added. "Gift Nifty is indicating a positive opening for the Nifty 50 (today) and going ahead, we expect the benchmark index to trade with a positive bias and test 26100 (points) and higher levels in the near term," Kumar said. He expects the 50-stock index to find support at 25450-25300 points and immediate resistance at 25900-25950 points for Tuesday's session.

 

The November contract of the GIFT Nifty indicates a muted open. At 0752 IST, the contract was at 25976.50 points, down 22 points from its previous close. On Tuesday, the Nifty 50 had ended at 25694.95 points, up 120.60 points or 0.5%. The BSE Sensex had closed Tuesday at 83871.32 points, up 335.97 points or 0.4%.

 

Overnight, indices in the US ended higher as the government shutdown is expected to end this week. The federal government has been shut since Oct. 1. Tuesday, the US Senate officially passed a spending bill on 60:40 vote that will now head to the House of Representatives for a final vote Wednesday, The Wall Street Journal reported. Except China, indices in Asia also opened higher Wednesday. 

 

Back home, Asian Paints and Tata Steel are the Nifty 50 companies that will announce their September quarter earnings later in the day. The paints major's consolidated net profit is seen rising 3% on year and its revenue is seen up 1%. Meanwhile, Tata Steel's consolidated net profit for the quarter is seen leaping 3.4 times on a strong rise in steel delivery volumes from its India operations, a moderate increase in volumes from its factories in Europe, and narrowing losses in its Netherlands operations. (Gopika Balasubramanium)

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Equity Alert: US indices end higher Tue on hopes of end to US govt shutdown

 

MUMBAI--0738 IST--Most indices in the US ended higher Tuesday as investors looked forward to an end to the prolonged government shutdown. The Dow Jones Industrial Average rallied to a fresh closing record Tuesday, while the NASDAQ Composite ended in the red as investors booked profits from technology stocks. 

 

The US Senate passed a deal on Monday to restore federal funding after a record-long shutdown that has disrupted food benefits for millions, left hundreds of thousands of federal workers unpaid, led to air traffic snarls, and delayed the release of government economic data, Reuters reported.

 

A new report from ADP revealed that for the four weeks ended Oct. 25, private sector job creation was down more than 11,000 on average per week. The data was in contrast to the gains the firm reported last week and signalled some weakness in the labor market, according to a report by CNBC. 

 

The S&P 500 index ended 0.2% higher and the Dow Jones Industrial Average rose over 1%. The NASDAQ Composite was among the few major indices in the US that closed in red, down 0.3%. 

 

Following are the closing levels of US indices overnight: 

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	47368.63	1.18
Nasdaq Composite	23527.17	(-)0.25
S&P 500	6832.43	0.21

 

(P. Madhu Kumar)

 

End 

 

US$1 = INR 88.59

 

Edited by Deepshikha Bhardwaj

 

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