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Nomura sees Ashok Leyland as key beneficiary of CV upcycle, sets target at Rs 196. Stock up 2%
Ashok Leyland shares hit a fresh 52-week high after Nomura reaffirmed its Buy rating and raised optimism around the commercial vehicle upcycle. The brokerage sees the company as a key beneficiary of improving CV demand, stronger volume growth and margin tailwinds, setting a target price of Rs 196 with healthy upside.
Neptune Logitek shares to list today. Check GMP ahead of debut
Neptune Logitek's stock will list on December 22. Grey market indicators suggest a flat debut. The company's Rs 46.62 crore IPO was subscribed 1.61 times. Neptune Logitek provides integrated logistics solutions. Proceeds will fund truck purchases and debt repayment. Investor sentiment in the SME space remains cautious.
Positive Breakout: These 11 stocks cross above their 200 DMAs
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
IndiGo shares in focus as firm enters Sensex today; replaces Tata Motors PV
IndiGo joins the Sensex on December 22, replacing Tata Motors Passenger Vehicles. This comes amidst significant flight cancellations due to new duty rules, impacting operations and leading to brokerages cutting target prices. The airline reported a substantial quarterly loss, though revenue saw a year-on-year increase. Despite recent challenges, shares remain up year-to-date.
Stock market meets physics: 5 laws that explain why prices move the way they do
Ambit Capital has drawn parallels between markets and classical physics, outlining five laws that explain stock price behaviour. From inertia and momentum to mean reversion and valuation resistance, the framework helps investors decode why some stocks outperform while others stagnate, and why rich valuations often cap long-term returns.
