News for Ashok Leyland Limited (ASHOKLEY.BO)

IndusInd Bank shares fell 27.17 per cent to settle at Rs 655.95 on BSE. Ashok Leyland settled the day at Rs 200, down 3.24 per cent. Hinduja Global Solutions Ltd dropped 3.68 per cent to Rs 500.

The Nifty Auto index closed 0.34 per cent down at 20682.65.

IndusInd Bank eventually closed the day at Rs 657.25 on BSE, down 27.02 per cent. This is the same level IndusInd Bank traded at in early November 2020. Ashok Leyland settled the day at Rs 200, down 3.24 per cent.

The Nifty Auto index was trading 0.29 per cent down at 20949.0.

The Nifty Auto index closed 0.24 per cent up at 21009.7.

The Nifty Auto index closed 0.19 per cent up at 20538.15.

The Nifty Auto index was trading 0.13 per cent down at 20471.05.

Jefferies has rationalized Polycab's target Price-to-Earnings (PE) multiple by 15%, bringing it to 32x now. This adjustment comes despite the brokerage acknowledging Polycab's strong market leadership with a 25% share of the organized market.

Akshay Bhagwat of JM Financial Services said the market would remain slippery as there's still some pain left.

The Nifty Auto index closed 0.51 per cent up at 21662.65.

The Nifty Auto index was trading 0.7 per cent up at 21703.4.

The Nifty Auto index closed 0.22 per cent up at 21552.5.

Kotak Institutional Equities reported that IndusInd Bank, JSW Steel, Apollo Hospitals, and Asian Paints have over 5% pledged promoter holdings. The total pledged holdings in BSE-500 companies stood at ₹1.63 trillion in December 2024, showing a slight decline from the previous quarter.

Promoter pledged holdings in BSE-500 firms slipped to 0.84% in Dec 2024, according to a report by Kotak Institutional Equities revealed.

The Nifty Auto index was trading 2.65 per cent down at 21490.1.

Bajaj Finance leads in absolute market capitalization growth, adding Rs 1.02 lakh crore this year, while SBI Cards and Payment Services takes the top spot in percentage terms with a 30% rise. Bajaj Finances m-cap grew by 24%, while SBI Cards 30% increase added Rs 19,127 crore. Maruti Suzuki India and Bajaj Finserv outpaced SBI Card in absolute growth, with their market caps rising by Rs 60,346 crore (18%) and Rs 51,955 crore (21%), respectively, though they trailed in percentage gains.

The Nifty Auto index closed 0.04 per cent down at 21809.15.

The Nifty Auto index was trading 1.04 per cent down at 21723.5.

Referring to his resignation letter dated February 14, 2025, the company says Kathuria has been relieved from the services of the company