Latest news with #EicherMotorsLtd
Time of India
14-05-2025
- Automotive
- Time of India
Royal Enfield to launch first e-motorcycle C6 in Q4 FY26
Riding on the bandwagon, Royal Enfield , the motorcycle division of Eicher Motors, will launch its maiden electric motorcycle under the EV sub-brand 'Flying Flea'. The rollout will begin with the introduction of the C6 model during the January–March 2026 quarter, followed by the launch of the S6, the company confirmed. 'Both these products are very different and they are going to come in Q4 FY25-26. It (Flying Flea) is only a starting point, as it can lend itself to the various form factors which we will keep looking at,' B. Govindarajan , Managing Director, Eicher Motors Ltd and CEO, Royal Enfield, told ETAuto. The thought behind Flying Flea is to offer 'urban and city-focused electric two wheelers for the future, which is timeless yet modern technology and design, which is embedded into the motorcycle,' Govindarajan said during the company's post earnings media call. However, the team is still deliberating on the retail strategy for electric motorcycles. 'That's something we're currently evaluating—whether to go with the existing retail format, set up exclusive stores, or adopt a direct-to-consumer (D2C) model. A decision is expected to be finalised by the next quarter.' First unveiled at the International Motorcycle and Accessories Exhibition (EICMA) last year, the motorcycle is currently undergoing testing, with all suppliers already onboarded. With a dedicated EV team of around 250 members, Govindarajan also confirmed that Flying Flea will not be established as a separate subsidiary or business unit at this stage. Instead, it will continue to operate as an integral part of Royal Enfield. While electric scooters continue to dominate India's electric two-wheeler market, the electric motorcycle segment is still occupied by a limited number of startup brands, collectively accounting for around 1,000 units in sales. These include Ultraviolette, Revolt, Hop Electric, Oben, Raptee, Matter, among others.
Mint
24-04-2025
- Automotive
- Mint
Recommended stocks to buy today: Top stock picks by market experts for 24 April
The Indian stock market witnessed a day of twists and turns after opening with a strong gap-up on 23 April. The Nifty 50 started the session on a positive note, fueled by upbeat sentiment and steady inflows, but faced resistance early in the day, triggering a mild pullback. However, buyers stepped back in during the second half, helping the index regain momentum and break above the 24,300 mark by close. Ashok Leyland Ltd (current price: ₹ 230.70) Why it's recommended: The stock has given a rectangle breakout on the hourly chart. Also, it has broken the upper channel of the falling wedge pattern. RSI is also positive, expecting a good rally in this stock. Key metrics: Breakout level: ₹ 230 | Chart pattern: Rectangle breakout + Falling wedge channel | Time frame: Hourly Technical analysis: A technical breakout along with bullish chart patterns and a positive RSI suggests upside momentum. The stock is likely to move towards its next resistance levels. Risk factors: Auto sector stocks may face price volatility due to raw material cost changes, monthly sales fluctuations, and macroeconomic conditions. Buy at: ₹ 230.70 | Target price: ₹ 238– ₹ 242 in 1–2 weeks | Stop loss: ₹ 227 Eicher Motors Ltd (current price: ₹ 5740) Why it's recommended: After making a recent high near ₹ 5,900, the stock corrected and has now taken support around the ₹ 5,700 level. A bounce from this support zone is visible, and the stock is expected to retest the ₹ 5,900 levels soon. Key metrics: Support level: ₹ 5,700 | Chart pattern: Support-based reversal | Time frame: Hourly Technical analysis: The stock has shown signs of strength after a healthy correction from recent highs. The strong support at ₹ 5,700 and bullish reversal pattern suggest potential upside in the near term. Risk factors: Auto sector stocks may experience volatility due to demand fluctuations, supply chain disruptions, and rising input costs. Buy at: ₹ 5,740 | Target price: ₹ 5,780– ₹ 5,800 in 1–2 weeks | Stop loss: ₹ 5705 Also Read: Tariffs, tumbles & turnarounds: Three stocks to watch amid global trade jitters Mahindra & Mahindra Ltd (current price: ₹ 2918) Why it's recommended: The stock's RSI on the lower time frame is trading above 60, indicating bullish momentum. It has also closed above an important level, which was the recent high of ₹ 2,900. Additionally, volumes are supporting the uptrend. Key metrics: Breakout level: ₹ 2,900 | Chart pattern: RSI strength + Volume supported breakout | Time frame: Hourly Technical analysis: A close above the previous high with strong RSI and supporting volumes suggests continuation of the bullish trend. The stock is likely to test higher resistance levels soon. Risk factors: The auto sector stocks may face risk from regulatory changes, commodity price fluctuations, and sector-specific headwinds. Buy at: ₹ 2,918 | Target price: ₹ 2,998– ₹ 3,010 in 1–2 weeks | Stop loss: ₹ 2,868 JUBLFOOD: Buy CMP and dips to ₹ 690 | Stop ₹ 670 | Target ₹ 770-790 Why it's recommended : The company's innovative strategies and strong market position in the foodservice sector provide growth potential. Key metrics: P/E: 120.98 | 52-week high: ₹ 796.75 | Volume: 1.03M Technical analysis: Support at ₹ 680 | Resistance at ₹ 820. Risk factors: High valuation and dependence on discretionary consumer spending. Buy at: CMP and dips to ₹ 690 | Target price: ₹ 770-790 in 3 months | Stop loss: ₹ 670 KIRLPNU: Buy CMP and dips to ₹ 1,200 | Stop ₹ 1,175 target ₹ 1,450-1,500 Why it's recommended: The stock has shown robust growth in revenue and profit, with strong demand for its industrial machinery products. Key metrics: P/E: 39.45 | 52-week high: ₹ 1,817 | Volume: 160.14k. Technical analysis: Support at ₹ 1,165 | Resistance at ₹ 1,500. Risk factors: Dependence on industrial demand and global economic conditions. Buy at: CMP and dips to ₹ 1,200 | Target price: ₹ 1,450-1,500 in 3 months | Stop loss: ₹ 1,175 NEWGEN: Buy CMP and dips to ₹ 950 | Stop ₹ 925 | Target ₹ 1,120-1,180 Why it's recommended: The company's strong position in digital transformation solutions and recent international contract wins make it a compelling choice. Key metrics: P/E: 43.66 | 52-week high: ₹ 1,798.90 | Volume: 198.81k. Technical analysis: Support at ₹ 900 | Resistance at ₹ 1,200. Risk factors: High valuation and competition in the software sector. Buy at: CMP and dips to ₹ 950 | Target price: ₹ 1,120-1,180 in 3 months | Stop loss: ₹ 925 Godrej Properties Ltd (current price: ₹ 2152.4) Why it's recommended: Strong sales growth and robust pipeline, strategic land acquisitions, and project launches Key metrics: P/E: 41.11 | 52-week high: ₹ 3,402.70 | Volume: ₹ 15.01 lakh Technical analysis: Reclaimed its 50-DMA Risk factors: Market and economic cyclicality, financial leverage, and liquidity concerns Buy at: ₹ 2,152.4 | Target price: ₹ 2,425 in three months | Stop loss: ₹ 2,040 Max Healthcare Institute Ltd (current price: ₹ 1,129) Why it's recommended: Robust financial performance, strategic expansion Key metrics: P/E: 103.48 | 52-week high: ₹ 228 | Volume: ₹ 19.45 crore Technical analysis: Downward sloping trendline breakout Risk factors: Capex Execution Risks, Market Competition Buy at: ₹ 1,129 | Target price: ₹ 1,295 in three months | Stop loss: ₹ 1,055 Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. MarketSmith India: Trade name: William O'Neil India Pvt. Ltd. Its Sebi-registered research analyst registration number is INH000015543. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions."
Mint
24-04-2025
- Automotive
- Mint
Three auto stocks to buy: Ankush Bajaj's expert recommendations for 24 April
The Indian stock market witnessed a day of twists and turns after opening with a strong gap-up on 23 April. The Nifty 50 started the session on a positive note, fueled by upbeat sentiment and steady inflows, but faced resistance early in the day, triggering a mild pullback. However, buyers stepped back in during the second half, helping the index regain momentum and break above the 24,300 mark by close. Ashok Leyland Ltd (current price: ₹ 230.70) Why it's recommended : The stock has given a rectangle breakout on the hourly chart. Also, it has broken the upper channel of the falling wedge pattern. RSI is also positive, expecting a good rally in this stock. Key metrics : Breakout level: ₹ 230 | Chart pattern: Rectangle breakout + Falling wedge channel | Time frame: Hourly Technical analysis : A technical breakout along with bullish chart patterns and a positive RSI suggests upside momentum . The stock is likely to move towards its next resistance levels. Risk factors : Auto sector stocks may face price volatility due to raw material cost changes, monthly sales fluctuations, and macroeconomic conditions. Buy at : ₹ 230.70 | Target price: ₹ 238– ₹ 242 in 1–2 weeks | Stop loss: ₹ 227 Eicher Motors Ltd (current price: ₹ 5740) Why it's recommended : After making a recent high near ₹ 5,900, the stock corrected and has now taken support around the ₹ 5,700 level. A bounce from this support zone is visible, and the stock is expected to retest the ₹ 5,900 levels soon. Key metrics : Support level: ₹ 5,700 | Chart pattern: Support-based reversal | Time frame: Hourly Technical analysis : The stock has shown signs of strength after a healthy correction from recent highs. The strong support at ₹ 5,700 and bullish reversal pattern suggest potential upside in the near term. Risk factors : Auto sector stocks may experience volatility due to demand fluctuations, supply chain disruptions, and rising input costs. Buy at : ₹ 5,740 | Target price: ₹ 5,780– ₹ 5,800 in 1–2 weeks | Stop loss: ₹ 5705 Also Read: Tariffs, tumbles & turnarounds: Three smallcap stocks to watch amid global trade jitters Mahindra & Mahindra Ltd (current price: ₹ 2918) Why it's recommended : The stock's RSI on the lower time frame is trading above 60, indicating bullish momentum. It has also closed above an important level, which was the recent high of ₹ 2,900. Additionally, volumes are supporting the uptrend. Key metrics : Breakout level: ₹ 2,900 | Chart pattern: RSI strength + Volume supported breakout | Time frame: Hourly Technical analysis : A close above the previous high with strong RSI and supporting volumes suggests continuation of the bullish trend. The stock is likely to test higher resistance levels soon. Risk factors : The auto sector stocks may face risk from regulatory changes, commodity price fluctuations, and sector-specific headwinds. Buy at : ₹ 2,918 | Target price: ₹ 2,998– ₹ 3,010 in 1–2 weeks | Stop loss: ₹ 2,868 The Nifty 50 ended the session up by 161.70 points (0.67%), settling at 24,328.95, while the Sensex jumped 520.90 points (0.65%) to close at 80,116.49. The index remained within a band of 24,000 to 24,300 for most of the session, showcasing a tug-of-war between bulls and bears before a late surge sealed a strong close. Meanwhile, the Nifty Bank experienced a contrasting session. Despite testing the 56,000 level, it faced stiff resistance and gradually declined through the day, closing lower by 277.15 points (0.50%) at 55,370.05. A clear sectoral rotation was visible in today's market action. Auto and pharma stocks took the lead, while financial and PSU-linked counters showed signs of fatigue. The auto index rallied 2.38%, with investor confidence buoyed by strong demand trends. Pharma followed suit with a 1.40% jump, reflecting optimistic earnings expectations. Healthcare stocks gained 1.34%, underpinned by continued global and domestic demand. On the other hand, profit-taking was evident in some defensive and financial names. The finance index dipped 0.67%. PSU Bank stocks lost 0.57%, and the broader banking index ended 0.50% in the red. In stock-specific action, HCL Tech delivered a standout performance, surging 7.71% on a strong earnings outlook. Tata Motors climbed 4.66%, boosted by consistent retail traction. Tech Mahindra rose 4.58%, backed by positive sentiment in rural and financial segments. However, not all stocks joined the rally. Grasim slipped 2.32% after releasing underwhelming quarterly results. HDFC Bank dropped 1.93%, reacting to earnings numbers. Kotak Bank shed 1.84%, as traders rotated out of financials into higher beta names. On the daily chart, as we discussed earlier, 23,200 is an important level to watch. Above this, we might see 24,670. The reason is 23,670–24,780 was the origin of fresh selling. We have seen a fall till below where we touched the 22,000 mark, and now the next level to watch will be 24,700 level, which might act as a resistance. Still, we have more 350–400 points to reach that level. RSI at 67 is still on the bullish side with signs of divergence, and MACD is also towards the bullish side, indicating strong momentum on the Nifty Index. Today is the expiry for Nifty Weekly and also the Monthly expiry for the Nifty Bank. If we closely observe the Open Interest (OI) data: On the call side, the highest OI is at 24,300 and 24,500, while we closed near 23,300. This clearly indicates that 24,500 is a significant resistance zone, with 24,300 acting as the first hurdle. On the put side, the maximum OI is seen at 24,200 and 24,000, which should act as immediate support levels. Yesterday, the Nifty outperformed the Nifty Bank, mainly due to a strong recovery in IT stocks. The Nifty on the hourly chart is in the overbought zone. MACD is showing bearish signs and RSI is at 75, indicating an overheated zone. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
