Business
EV push powers TaMo’s DVR, pent-up demand raises parent’s shares

Automobile major Tata Motors’ parent co’s as well as DVR stocks are expected to make healthy gains on the back of Centre’s push towards electric vehicle-led economy and supporting macro-economic factors.
At present, Tata Motors has two listed stocks—Tata Motors ordinary and Tata Motors DVR. The primary difference between the two lies in the voting rights of their respective investors.
“Fundamentally we believe steam is still left for Tata Motors DVR and we might see more traction and upside in Tata Motors DVR. I expect more upside in Tata Motors DVR (Differential Voting Rights) compared to Tata Motors as it is available at attractive price and favorable valuations comparatively,” said Harsh Patidar, Senior Research Analyst at CapitalVia Global Research.
“Tata Motors DVR touched 4 year high and closed at 290.25 on Tuesday from a record low of 28.80 in March 2020 which is close to 10 times.”
At 1 p.m, the Tata Motors DVR stocks traded at 294.55 rupees, up 1.5 per cent, and the Tata Motors parent company’s shares traded at 533 rupees a share, up 2.7 per cent.
According to Santosh Meena, Head of Research at Swastika Investmart: “On the upside, it is likely to head towards 325 level on an immediate basis while 351 will be the next target level. Traders are advised to remain long till it trades above its 20-DMA where any dip around 270 will be a great buying opportunity while investors can continue to ride the current bullish momentum as it has potential for 30-40 per cent upside from here.”
Besides, both the stocks are expected to gain from the leverage of a possible electric vehicles’ boom and rising fuel prices bodes well for Tata Motors which has already launched EVs, analysts opined.
Tata Motors is one of the major players in the business. It has performed substantially better as far as growth in equity markets is concerned.
The company’s shares have rallied nearly 180 per cent so far this calendar year.
Besides, the Centre’s electric push is expected to make its scrip more attractive as the company plans to launch more EVs in the coming years.
At the recent conference of parties to the United Nations Framework Convention on Climate Change (UNFCCC) meet, Prime Minister Narendra Modi, declared that India will achieve net zero by 2070, and aims to take the country’s energy share through renewable sources to 50 per cent.
“I see Tata motors attractive as of current valuations… I believe the stock to cross Rs 650-mark in next few quarters and it is worth holding for mid-to-long term as it might unlock Tata Motor’s EV business,” Patidar said.
According to LKP Securities Senior Research Analyst Ashwin Patil: “Demand for commercial vehicles in domestic markets has gone up with greenshoots visible in the economy. Infrastructure, construction, mining and all these activities are gaining momentum.”
“That’s because the sales of commercial vehicles have been moving up on a sequential basis. That’s a very strong signal from the economy which is raising the sales in commercial vehicles.”
Furthermore, Patil mentioned that the new offerings by the company also seemed to have boosted the momentum.
In addition, Rahul Sharma, Co-Founder of Equity99 said: “Considering the current improvements in (semiconductor) chip shortage crises we expect a further good move in this counter.”
“We remain bullish on this counter and expect a price target of Rs 800 in short to medium term.”
The company expects demand for electric vehicles to remain strong even as concerns about the supply of semiconductors and high input costs continue, he added.
Executive Director at Tata Motors Girish Wagh, post the Q2 FY22 earnings results were declared, said: “We continue to progress our future-fit initiatives of transforming customer experience digitally and strengthening our lead in sustainable mobility.”
Recently, Tata Motors launched a SUV model ‘Tata Punch’ with a starting price of Rs 5.49 Lakh (ex-showroom Delhi), whose electric version reportedly would soon be launched in the market.
A substantial rise in fuel prices, climate change concerns from internal combustion engines, will typically incentivise new buyers to go for electric vehicles and hence fuel sentiment to the sector, experts added.
“Gradual improvement in the Semiconductor shortage issue would set the stage for strong jump in volumes for FY23,” said Milan Desai, Lead Equity Analyst at Angel One.
“As for the CV business, the company would benefit from rebound in demand after a painful past two years for the overall industry.”
Business
Sensex – Nifty Open Lower Amid Weak FII Sentiment, Midcap & Smallcap Stocks Lend Market Support

Key Highlights:
– Sensex fell 171 pts, Nifty down 35 pts; midcaps, smallcaps held strong.
– FIIs sold Rs 3,694 crore worth of stocks; DIIs bought Rs 2,820 crore.
– Nifty’s bearish engulfing pattern suggests continued caution; 25,000 key support.
Mumbai: Indian equity benchmarks Sensex and Nifty began Friday’s session in the red, weighed down by selling pressure in large-cap stocks. At 9:25 am, the Sensex declined by 171 points or 0.21 percent to trade at 82,087, while the Nifty dropped 35 points or 0.14 percent to 25,075.
Heavyweights Drag, Broader Market Holds
Major drag on the indices came from key constituents such as Axis Bank, Bharti Airtel, Kotak Mahindra Bank, and HDFC Bank. Financial stocks, FMCG, and private banking segments were under pressure. However, midcap and smallcap segments outperformed, providing resilience to the overall market.
Gainers on the Sensex included M&M, Tata Steel, Power Grid, L&T, Infosys, and Maruti Suzuki, reflecting strength in sectors like auto, metals, and infra.
Sectoral Picture Mixed
On the sectoral front, gains were recorded in auto, IT, PSU banks, metals, realty, energy, media, infrastructure, and commodities. Meanwhile, financial services, FMCG, and private banking faced losses.
Technical indicators showed bearish signals, with Nifty completing a bearish engulfing candle on Thursday. Analysts highlight 25,000 as a key support and 25,340 as a vital resistance level.
FIIs Remain Net Sellers
Foreign institutional investors (FIIs) continued their selling trend, offloading equities worth Rs 3,694 crore on July 17 — marking the second consecutive session of net selling. Domestic institutional investors (DIIs), however, remained net buyers, purchasing Rs 2,820 crore worth of shares for the ninth straight session.
According to Dr. VK Vijayakumar of Geojit Financial Services, FIIs have shown a clear pattern of selling in July after buying in the previous three months. Without positive triggers, the downtrend could persist.
Global Cues Offer Some Relief
Asian markets traded mostly higher on Friday, with Shanghai, Hong Kong, Bangkok, and Jakarta in the green, although Tokyo and Seoul lagged. The US markets ended positively on Thursday, driven by upbeat investor sentiment.
Business
Indian Equity Indices Open Flat As Markets Await Fresh Triggers To Break Out Of Consolidation Phase

Mumbai: The Indian equity indices opened flat on Thursday, as markets looked for new triggers to break out of the consolidation range.
At 9.2 am, c was down 15 points at 82,619 and Nifty was down 2 points at 25,210. Buying was seen in the midcap and smallcap stocks. Nifty midcap 100 index was up 123 points or 0.18 per cent at 59,741 and Nifty smallcap 100 index was up 70 points or 0.37 per cent at 19,210.
On the sectoral front, auto, pharma, FMCG, metal, realty, energy, infra and PSE were major gainers, while IT, PSU bank, financial services and media were major losers.
In the Sensex pack, Sun Pharma, M&M, Trent, Kotak Mahindra, Tata Motors, NTPC, BEL, Titan and Power Grid were major gainers. Tech Mahindra, ICICI Bank, Eternal, Axis Bank, Infosys and HUL were major losers.
According to analysts, an India-US interim trade deal has been discounted by the market, leaving no scope for a sharp rally decisively breaking the range.
“One positive and surprise factor that can trigger a rally is a tariff rate much below 20 per cent, say 15 per cent, which the market has not discounted. So, watch out for developments on the trade and tariff front,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
Most Asian stocks traded in a flat-to-low range. Tokyo, Shanghai, Bangkok and Jakarta were trading in the green while Hong Kong and Seoul were in the red.
The US market closed in the green on Wednesday due to positive market sentiment.
On the institutional front, foreign institutional investors (FIIs) continued to reduce exposure in India, selling equities worth Rs 1,858 crore on July 16. In contrast, domestic institutional investors (DIIs) remained consistent buyers for the 8th straight session, infusing Rs 1,223 crore, lending crucial support to the market amid global uncertainties.
The broader trend remains optimistic as long as key support levels are respected, said analysts.
Business
Tesla Mumbai Showroom Now Open, Bookings For Model Y Begin

Elon Musk’s Tesla has flagged off its India operations with its first showroom in Mumbai now open. The showroom is located in Mumbai’s premium Bandra Kurla Complex area. It will be showcasing the popular Model Y and Model 3 cars at the venue. Maharashtra CM Devendra Fadnavis arrived at the first Tesla showroom in India, to commemorate the occasion.
The new Mumbai showroom opening marks the entry of Tesla in India, one of the world’s fastest-growing automobile markets. The showroom, at Maker Maxity in BKC, is around 4,000 sq ft large and is said to cost Rs. 35 lakh per month. While customers will be able to book their cars starting today, delivery is said to commence sometime in August. Delivery and registration are only limited to Delhi, Gurugram and Mumbai for now.
The experience centre is located near the Apple flagship store in BKC. Tesla is said to open a showroom isn Delhi as well. While this is a soft launch, the company is expected to do a grand inauguration as well. To book the Model Y or the Model 3, consumers will need to head to the Mumbai experience store.
Musk’s company has imported all the cars fully assembled from China, paying heavy taxes (approximately 70 percent) on the same. The cars are said to be priced starting at around Rs. 40 lakhs in India.
The spotlight will be on the Model Y, which is the most popular variant of Tesla across the world. The SUV is available globally in two variants, Long Range RWD and Long Range AWD (Dual Motor). It claims to offer up to 574 km and goes from 0 to 100 kmph in just 4.6 seconds.
The Model 3, Tesla’s most affordable offering in the Indian market, will also be showcased but is expected to go on sale later in 2025. The top variant of the Model 3 clocks 0 to 100 kmph in 3.1 seconds, has a range of 507 km, and a top speed of 162 kmph.
Tesla India has reportedly leased a 24,500-square-foot space in Mumbai’s Kurla West to set up a service centre, located close to its upcoming showroom in BKC.
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