News for Hindustan Motors Limited (HINDMOTORS.NS)

Abhijit Chokshi, Founder of Stockifi.in, highlighted in a recent post the remarkable growth of Maruti Suzuki India Limited as a multibagger. After debuting at Rs 125 per share, the stock has surged to Rs 13,000 per share in 23 years.

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Bengaluru Sensex and Nifty open slightly higher, with BSE Sensex up 0.14% and Nifty 50 up 0.12%.

Prashant Jain acquired 1.89 percent stake in the company through his personal fund Tikri Investments

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“Hindustan Motors Limited has entered into a Memorandum of Understanding (MOU) to extend the EV domain across the border to enhance the production of eco-friendly electric vehicles,” the company said in a BSE filing on Tuesday post market hours. The company did not divulge details of the MoU.

November 22, 2022 1 The... | November 23, 2022

From the Sensex pack, SBI, Titan, Kotak Mahindra Bank, Dr Reddy's, Wipro, Bajaj Finserv, Maruti, HDFC and HDFC Bank were among the major gainers

Tech Mahindra, Vodafone Idea, Future Retail, DCW, Bharti Airtel, MBL Infrastructure, Hindustan Motors, JSW Energy, Sunflag Iron, Minda Corp

The company's Uttarpara plant in West Bengal, which produced the iconic 'Ambassador' cars, stopped production in 2014 due to lack of demand for the product.

Hindustan Motors has executed a deal with S.G. Corporate Mobility to sell its Contessa Brand, including the trademarks and other related rights.

Based on PTI report, the transfer of the brand HM Contessa to SG Corporate Mobility Pvt Ltd shall be effective upon fulfilment of the terms and conditions as prescribed in the agreement, it added.

Since October, FIIs have sold over Rs 3.68 lakh crore, while DIIs have net bought Rs 2.8 lakh crore worth of shares. This risk-off sentiment is largely thanks to inflation concerns, which have forced central banks in many countries to raise policy rate

BSE Sensex and NSE Nifty 50 were trading flat with a positive bias on Wednesday, a day before weekly F&O expiry.

After opening on a weak note, Indian equity markets recouped lost ground on Tuesday, led by recovery in IT and metals. In late-morning trades, the BSE Sensex rose 150 points to reclaim the 53,000-mark and the NSE Nifty 50 was up 60 points to 15,830.

BSE Sensex and Nifty 50 tanked nearly 3 per cent on Monday, on the back of inflation concerns, fears of aggressive interest rate hikes by the US Fed, volatile crude oil prices, Indian Rupee freefall, and FII outflows

Benchmark indices were sharply lower on Friday, tracking a plunge in global markets on inflation fears and ahead of the US May CPI data. In late morning deals, the BSE Sensex fell over 850 points to 54,461, while the NSE Nifty 50 shed 200 points to hover around 16,250.

On the S&P BSE Sensex, no stock hit a fresh 52-week high or 52-week low. While on BSE Sensex, a total of 47 stocks rose to their respective 52-week highs.

Indian equity markets came off day's highs after turning positive as the Reserve Bank of India (RBI) retained the FY23 GDP growth forecast at 7.2 per cent. Sectorally, Banks, Financials, Metals, PSBs and Realty indices held strong gains on the Nifty. While, Auto, Pharma, FMCG and Consumer Durables were subdued.