- The BSE Sensex rising 941.12 points to 74,671.28.
- The NSE Nifty 50 rising 233.44 points to land at 22,643.40.
- EBIT per vehicle increased by 53% to Rs 62,655, surpassing the previous peak in FY18 by roughly 20%.
Both the BSE Sensex and the NSE Nifty 50 finished the trading session higher than when they started, with the BSE Sensex rising 941.12 points to 74,671.28 and the NSE Nifty 50 rising 233.44 points to land at 22,643.40.
The gains were led by large- and mid-cap equities; stocks in banking and financial services performed better than those in real estate and technology.
Sensex and Nifty
The BSE Sensex and NSE Nifty 50 both increased by 1.28% and 1%, respectively, in response to Elara Securities’ findings regarding Maruti Suzuki India. One-time costs and a decreased mix of CNG negatively affected the company‘s earnings in the fourth quarter, although analysts predict a turnaround.
EBIT per vehicle increased by 53% to Rs 62,655, surpassing the previous peak in FY18 by roughly 20%. Realization per car grew by 10% and 37% compared to FY21. The entry-level car segment was sluggish, but revenue market share increased noticeably by 220 basis points year over year. It is important to keep an eye on the return of first-time automobile buyers, industry expansion, and possible tax breaks for hybrid vehicles.
Elara Securities has released FY27E forecasts and increased FY25E–26E EPS predictions by 5-6% apiece. Maruti Suzuki India’s target pricing has been adjusted from Rs 13,004 to Rs 13,722.
Due to persistent FII withdrawals and a strong US dollar in early trades, the Indian rupee sank by 9 paise on Monday. Positive domestic equity markets and declining crude oil prices, however, mitigated the negative effects.
At 49,216.30, the Bank Nifty Index reached a new all-time high, up more than 1000 points. Following the release of the company’s Q4 earnings, shares of HCL Technologies dropped more than 6%, reaching an intraday low of Rs 1,328.10.
