TVS Motors Reports Strong Growth
Aaj Ka Bazaar
Wall Street indices ended higher on Friday, driven by gains in tech stocks. The S&P 500 rose by 1.59%, the Nasdaq was up by 1.63%, and the Dow Jones Industrial Average increased by 1.39%. Markets in the Asia-Pacific region opened higher despite concerns about tariffs on Canada, Mexico and China. Following the strong positive trend in global markets, Indian benchmark indices are expected to open on a positive note, as indicated by the GIFT Nifty trading in positive territory. The recovery in GDP growth from a seven-quarter low is also expected to boost market sentiment. ?On the stock-specific front, RailTel Corporation of India has received a work order worth ?26.4 crore from the Cuttack Development Authority. Additionally, it has secured another work order valued at ?37.2 crore from the Madhya Pradesh State Electronics Development Corporation. The company will provide 14 units of a billboard system, including hardware and AMC, along with command and control support for three years at various locations in Cuttack City.
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Sector:? 2/3 Wheelers
TVS Motor share price rises 3% on better sales data
TVS Motor Company's share price rose 3% after the company reported strong sales for February 2025. At 09:24 AM, the stock was trading at Rs 2,287.55, up 2.79%. The company's overall sales increased by 10% to 4,03,976 units, compared to the same month last year. In the two-wheeler segment, sales grew by 10%, with domestic sales up 3%. The motorcycle segment saw a 5% growth, while the scooter segment rose by 24%. Electric vehicle sales jumped 34%. TVS also reported a 26% rise in international exports. Additionally, the company launched new three-wheeler models in Mexico and signed an agreement with Karnataka for a Rs 2,000 crore investment in a global capability centre. TVS Motor had a 4.2% profit increase for Q3 and a 10% rise in revenue. Its stock is currently trading 24.77% below its 52-week high and 18.81% above its 52-week low.
Why it Matters:
TVS Motor's strong sales growth signals a healthy business performance, boosting investor confidence. The company’s expansion into international markets and new product launches also suggest future growth potential. The positive financial results and strategic investments make the stock attractive to traders and investors.
NIFTY 50 GAINERS
M&M- 2652.55 (2.61%)
ULTRACEMCO - 10388.40 ?(2.57%)
GRASIM - 2358.10?(2.23%)
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NIFTY 50 LOSERS
INDUSINDBK - 995.85 (-3.46%)
COALINDIA - 358.95 (-2.82%)
RELIANCE - 1168.70 (-2.62%)
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Sector: Fintech
Paytm Faces ED Show Cause Notice
Shares of Paytm’s parent company, One97 Communications, are in the spotlight on March 3 after it received a notice from the Enforcement Directorate (ED) for violating the Foreign Exchange Management Act (FEMA). The notice is related to the company’s acquisitions of Little Internet Private Limited (LIPL) and Nearbuy India Private Limited (NIPL) between 2015 and 2019. The ED has accused the company and its subsidiaries of breaching FEMA rules during this period, involving transactions worth over Rs 245 crore for One97 Communications, Rs 345 crore for LIPL, and Rs 21 crore for NIPL. The notice also involves some of the company’s past and current directors. Paytm clarified that this issue will not affect its services to consumers or merchants, which remain secure and fully operational. The company is seeking legal advice to resolve the matter in line with the law.
Why it Matters:
The ED's notice on FEMA violations raises regulatory concerns for Paytm's parent company, potentially affecting investor confidence. The legal issue could lead to financial penalties or operational restrictions if not resolved. However, Paytm reassured that its services remain unaffected, minimizing immediate risks.
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Around the World
Asian stocks rebounded at the start of the month, following a strong finish on Wall Street, with Chinese shares rising after positive factory activity data. Investors were cautiously waiting for U.S. President Trump’s decision on trade tariffs, which is expected this week, but there’s some hope for softer measures. Last week, U.S. stock indexes ended higher, with inflation data meeting expectations. Despite a tough previous session for Asian stocks, including a tech sell-off, the mood improved after U.S. Commerce Secretary hinted at less aggressive tariffs. Major Asian markets, including Japan’s Nikkei and Hong Kong’s Hang Seng, saw strong gains on Monday. China’s Shanghai Composite also rose after better-than-expected manufacturing data showed a 3-month high in activity. Investors are closely watching China’s upcoming Two Sessions meetings for signals on economic policies, with expectations for measures to stabilize the economy, amid slow growth and a struggling property sector.
Option Traders Corner
Max Pain
Nifty 50 - 22450
Bank Nifty - 49100
Nifty 50 - 22226 (Pivot)
Support - 22,002, 21,881, 21,657
Resistance - 22,348, 22,572, 22,693
Bank Nifty - 48332 (Pivot)
Support - 48,090, 47,836, 47,594
Resistance - 48,586, 48,828, 49,082
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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024
India's stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ?14,000 crore in early 2025. These trends reflect growing confidence in India's equity markets.