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Tata Motors has unveiled the launch schedule for its forthcoming electric vehicles, which includes the Curvv.ev, Harrier.ev, Sierra.ev, and Avinya. The automaker plans to introduce the new electric versions of Curvv, Harrier, and Sierra within this financial year, FY25. The Tata Avinya is set for announcement in FY26. The concept version of Avinya was showcased at the 2022 auto show. Reports suggest that Tata may launch several cars under the Avinya brand.All About Tata AvinyaMeanwhile, Tata Motors is expanding its EV-exclusive showrooms, increasing from the current two to 50 in the next few years, in a phased approach.To strengthen the charging infrastructure, Tata Motors aims to boost the number of public charging points from 10,000 in FY24 to over 100,000 by FY30. Additionally, the community charging points are expected to grow from 4,300 to over 100,000.Tata Motors also plans to bundle EVs with solar rooftops, providing customers with tangible financial benefits. This initiative will cross-promote solar rooftops and EVs and has set specific targets to achieve this.The firm's ongoing collaborations with Tata Group companies, such as JLR, Agartas, Tata AutoComp Systems, and Tata Power, will continue to provide access to advanced technologies, localization, and cost advantages. “The continued synergies with Tata Group companies including JLR, Agartas (cell manufacturing company), Tata AutoComp Systems and Tata Power, will give Tata Passenger Electric Mobility access to advanced technologies, localisation and cost benefits,” it said.The EMA platform from JLR, which will underpin the Avinya, is expected to accelerate Tata Motors' entry into the premium pure EV market, offering additional cost benefits.Tata Motors is committed to driving forward innovation and infrastructure for electric vehicles.

Benchmark indices ended almost flat on Tuesday after a record-breaking rally as investors preferred to remain on the sidelines awaiting further triggers.Stocks that were in focus include names like Jupiter Wagons, which rose 5.70%, Hudco, which gained 4.94%, and PNC Infra, whose shares declined 8.07% on Tuesday.Here's what Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today.Jupiter WagonsIn the daily chart, we have seen the stock has given a sharp upside move from its lower level of 300 to make an all-time high of 683 odd levels. From highs, the price has witnessed some correction as it retraced almost 70% of the previous rally to make a low of 446. After taking support of 50 DMA around 445, the price gave some pullback to retest the previous all-time high level.The stock is currently trading around 683 odd levels, going above 683 will give a sharp up move to make new all-time high around 800-1000. On the lower side it has support around 560-510. For long term stock looks good and can be bought once it goes above 685 odd levels. The Stochastics Oscillator is moving in an upward trend indicating some upside from the current level.Hence one can buy above 685 and furthermore at dips of 600 with stop loss of 550 on a weekly closing basis and the upside can be seen till 850-1000 in the 6-8 months.HudcoAfter making a low of around 74 in Nov 2023, the price has given a sharp upside move to make an all-time high of 300. Price has given almost 300% return from its lower level as buyers were having the upper hand over bears. Price is currently facing strong resistance at higher levels as it has made double tops around 300 odd levels.Once these levels are taken out we can see a sharp move in price and it can go upside till 400-500 odd levels. On the lower side, it has supports between 250-220. For long stock looks good and can be bought at every dip. The Stochastics Oscillator is moving in an upward trend indicating some upside from current level.Hence one can buy at the current level and more at dips of 260 with a stop loss of 220 on a weekly closing basis and the upside can be seen till 400-500 in the 8-10 months.PNC InfraAfter taking the support of 200 DMA at 325, stock has given a bull run to make an all-time high of 575. The stock has made a Higher Top Higher Bottom pattern as buyers were having the upper hand over bears. At a higher level price has witnessed some selling pressure and gave some profit booking to make low around 456.The price is currently moving near its support level of 456, going below this level will give a further correction to make a low around 400-350. For long stock looks good and can be bought at a lower level of 400. The Stochastics Oscillator is moving in the overbought zone indicating some correction from the current level.Hence one can buy at dips of 430 and further more at dips of 400 with a stop loss of 350 on weekly closing basis and the upside can be seen till 600-700 in the next 10-12 months.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

"The next important signpost, of course, for the market would be the 100-day plan and of course the budget which will show us the way forward. But I think all indications are that it will be more of a continuation with the sector leadership remaining the same rather than anything materially different," says Trideep Bhattacharya, CIO-Equities, Edelweiss MF.Market also had a very quick and sharp haircut on Tuesday, but then rebound equally sharply, barely giving anybody to deploy extra capital which was sitting on the side. I want to understand from you that the way messages from the government side of continuity and all the five most strategic and core kind of ministries were retained by BJP, so there was no compulsion of a coalition kind of politics displayed when the portfolio allocation was happening. Is market really taking heart because market up till now has really liked the work done by our external affairs ministry, finance ministry, even oil and gas for that matter, on various stuff? I would say that the results of elections this time have been sensible rather than sensational and that is the direction of a policy direction going forward as well. I think the market has taken comfort over the last few days since the election result has come out, until yesterday that the ministries have been announced that broadly speaking the policy directive is likely to remain the same. And given that people who had done better, good work in the previous regime have been given the second chance also shows that to a certain extent from market standpoint uncertainty is not likely to be very high. The next important signpost, of course, for the market would be the 100-day plan and of course the budget which will show us the way forward. But I think all indications are that it will be more of a continuation with the sector leadership remaining the same rather than anything materially different. It appears that the way the first file which Prime Minister actually signed after taking office was towards the agri and rural side. I want to understand and of course the lenders which catered to the small borrower got very excited. I want to understand in your portfolio would you be taking a re-look at how the bottom of the pyramid, the suppliers there, be it consumer durables, retailers, lenders, who actually up till now were a distressed lot to a certain extent, their fortunes are likely to get reversed in this new term because the focus of the government will go there, how are you looking stocks in that area?Over the last three to four months we have actually added to what you describe as the rural part of the pyramid or the bottom end of the pyramid, both on the FMCG side as well as a couple of names in the consumer discretionary side, not that we had an idea about the elections but more so because the forecast where that the monsoon is likely to be better than normal and if you look at the stretch of valuations on one side we have the industrials which had done quite well and on the other side you had the FMCG or some of the consumer exposed names at three-year low relative valuations. So, we took advantage of that and kind of have added to actually FMCG and IT over the last three to four months and hence in that context when we see announcements like this, this is likely to be helpful particularly to the rural end of the pyramid but also mind you if the monsoon comes out better than expected, then I think it will add fuel to the fire and that segment of the market which has been reeling would actually kind of see some light of the day.Especially I see names like Coforge and I am taking this name only for illustration purpose but this category Coforge, Persistent, KPIT, the mid-tier IT companies which are also aggressive on M&A have shown much higher growth and profitability and today I was reading commentary from one of the Coforge senior management in one of the pink papers confidently claiming that they will outperform their peers as far as growth is concerned. How are the valuation of this universe? I want your thought on the valuation and the earnings argument in terms of growth which it offers.On IT side I would say first of all earnings are bouncing around the bottom. We do not expect miracles over the coming two quarters, but as you move towards next calendar year and practically from next fiscal year standpoint when global recovery will take shape in some form or the other, you could see a bit of gradual rebound in earnings post normalisation in the post COVID era. So, what I mean is during the COVID era there was clearly amplified spending in IT which got normalised in the subsequent two years coming out of COVID and now we are kind of at the fang end of that and as global recovery takes over you would see that IT spend over the next 9 to 12 months would actually gradually recover. Hence, earnings are actually bouncing around the bottom, that is one part. The valuation part, I think post the last result season, the valuations of some of these mid-tier IT companies have also corrected and are more reasonable now relative to kind of rest of the market, so that is another area where we have added over the last three to five months and we still think that again overall with the expectation that nothing really great will happen in the next couple of quarters but over the next four quarters things will actually turn for the better than for worse.I notice you mentioned names like Havells and Dixon. What I'm interested in is understanding the consumer durables and air conditioning sectors. There seems to be a significant gap: while consumer durables are booming, air conditioning hasn't kept pace. Given the "Make in India" initiative, do you view electronic manufacturing as a long-term opportunity? Historically, margins in this area have been quite low. If volumes increase, do you anticipate that margins will also improve?What I meant earlier is that the end industry for the segments you've mentioned targets the lower to middle segments of the market. We've recently added to both the FMCG staples and discretionary sectors in this area over the last three to six months. Overall, I believe the next three years present more of a growth opportunity than a margin opportunity. However, over the next 5 to 10 years, as companies currently operating at the lower end of the value chain move up, we will likely see a shift in margins.Currently, in the EMS sector, India is establishing its presence at the lower end of the value chain, positioning itself as an alternative to China and a few smaller countries. The goal is to prove that India can execute with zero defects and establish a strong reputation among customers. This is similar to what happened with IT services around 1999-2000 during the Y2K period. As companies moved up the value chain into areas like package implementation and consulting, margins improved over time. That phase for EMS is still a bit distant. In the immediate future, the next three years will likely be characterized by strong growth opportunities. It's important to be part of this journey, provided the company generates cash. What are your thoughts on some of the deeper auto ancillary players that are involved in higher-end manufacturing? Bosch is one example, and Uno Minda recently had a massive tie-up for EVs, leading to a stock re-rating. The larger point I want to understand is the distinction between higher-end auto ancillaries with advanced manufacturing and design capabilities and the lower-end, commodity-type auto ancillaries. Which end do you think will see higher earnings growth and better valuations over time?I would categorize the auto sector differently, so let me explain. I would divide it between OEMs and ancillaries, domestic and overseas, and between EV and non-EV exposure. Currently, my positioning favors domestic, two-wheeler OEMs over ancillaries. This preference is driven by the challenges in global growth and the strong performance of specific local market segments like two-wheelers.Looking ahead to the next 12 to 18 months, as global growth improves, I would consider companies positively impacted by the EV transition over those at the commodity end, despite potentially favorable valuations for the latter. While we cannot go stock-specific, this is broadly the framework we use to navigate the auto space. Our approach is more stock-selection driven rather than top-down. Through your largecap and midcap portfolios, how are you getting a sense of earnings visibility for the next two to three years? Gautam Duggad recently highlighted that corporate profitability has been rising sharply over the last three years and is likely to improve further in the next two to three years. Are you seeing similar trends when you speak to the managements in your portfolios?We are currently in the third or fourth year of economic recovery following the COVID era. Typically, economic momentum, reflected in the growth of large, mid, and smallcap companies, starts narrow, focusing mostly on largecaps, and then broadens to include mid and smallcaps as the recovery takes hold. That is where we are today. I agree that economic recovery and earnings momentum are becoming more broad-based, with a higher growth rate in mid and smallcaps compared to largecaps due to their lower base.Additionally, the recent election outcome provides policy stability for the next five years, suggesting continuity with minor tweaks rather than major changes. This environment is likely to support robust growth in the mid and smallcap space, outpacing largecaps. Despite higher valuations in mid and smallcaps, their significantly higher growth potential justifies selective stock picking within this segment, rather than avoiding it altogether.

After a notable rebound post the elections, domestic markets stabilized and are consolidating, awaiting further triggers. In today's trade, shares of IndiGo, Go Digit, Castrol India, IOL Chemicals, Wipro among others will be in focus due to various news developments.IndiGoRahul Bhatia's family entity InterGlobe Enterprises has sold partial stake in budget carrier IndiGo through a block deal, a first stake sale since the IPO.Go DigitGo Digit General Insurance reported a net profit of Rs 53 crore for the quarter ended March 2024, which was up by 104% year-on-year.WiproWipro rolled up Lab45 Artificial Intelligence (AI) Platform designed to increase efficiencies and transform business functions.IcraRatings agency Icra received outstanding demand order of Rs 51.92 crore for FY17 from the income tax department.NHPCThe board of JV National High Power Test Laboratory (NHPTL) approved a transfer of 1.31 crore NHPC shares to Power Grid.TCSTCS has launched a new IoT engineering lab in Ohio to accelerate innovation for clients.IOL ChemicalsIOL Chemicals received a CEP certificate for Pantoprazole Sodium Sesquihydrate for alternative process.Castrol IndiaSandeep Sangwan to quit as MD of the company from October 31, 2024. The company has appointed Kedar Lele as an additional Director & MD from November 1.TVS Supply Chain SolutionsTVS Supply Chain Solutions signed a new five-year strategic contract with Daimler Truck South East Asia Pte for Integrated Supply Chain Solutions (ISCS) service in Singapore.

Bengaluru: IndiaAggarwal 's largest electric two-wheeler maker Ola Electric has secured markets regulator Sebi's nod for its initial public offering (IPO), people aware of the matter said. This would be the first by an EV startup in the country and amongst the biggest new-age IPOs this year. The Securities and Exchange Board of India (Sebi) is expected to formally issue the approval in the coming days, the sources said. Ola Electric did not reply to a request for comment as of press time Tuesday.The Bengaluru-based company had filed its draft red herring prospectus (DRHP) with Sebi on December 22, proposing to raise up to ₹5,500 crore through a fresh issue, apart from an offer-for-sale (OFS) component of 95.2 million shares. It is eyeing a $6-billion valuation through the public offering, sources aware of latest plans said.The Sebi nod has come at a time when the firm is preparing to cut over 600 jobs across various verticals as part of cost-cutting measures. ET first reported about the layoffs at Ola Electric on June 3, roughly a month after sister firm Ola Cabs laid off 200 employees and saw its CEO Hemant Bakshi and CFO Kartik Gupta leave the firm. At the same time, Ola Electric's former chief business officer Ankush Aggarwal moved back to the ride-hailing business. At the time of filing its draft IPO papers, the S1 Pro electric scooter maker said it had 3,733 employees as of October 2023.Other prominent new-age startups Swiggy and FirstCry have also filed their draft IPO papers and are awaiting regulatory clearance. Coworking startup Awfis has done public while travel site Ixigo's IPO offering was oversubscribed on day 1 on Monday. According to Ola Electric's draft IPO papers, Aggarwal will sell up to 47.4 million shares, or around 1.3% stake, via the IPO followed by SoftBank Vision Fund (23.8 million), Tiger Global (6.4 million), Alpha Wave Global (3.8 million), Matrix Partners India (3.7 million) and Temasek (1.3 million). At a valuation of $6 billion, Aggarwal could make around $78 million from the share sale. Of the total proceeds from the public listing, ₹1,226 crore will be used for expanding capacity at the company's cell manufacturing plant, Ola Gigafactory, to 6.4 GWh from 5 GWh, according to the draft IPO papers.

The World Health Organization on Tuesday said a case of human infection with bird flu caused by the H9N2 virus was detected in a four-year-old child in the eastern Indian state of West Bengal. The patient was admitted to the pediatric intensive care unit (ICU) of a local hospital due to persistent severe respiratory issues, high fever and abdominal cramps in February, and was discharged three months later after diagnosis and treatment, the WHO said. The patient had exposure to poultry at home and in his surroundings, and there were no known person reporting symptoms of respiratory illness among his family and other contacts, the agency said. Information on the vaccination status and details of antiviral treatment were not available at the time of reporting, the WHO added. This is the second human infection of H9N2 bird flu from India, with the first in 2019, the agency said. While the H9N2 virus typically tends to cause mild illness, the United Nations agency said that further sporadic human cases could occur as this virus is one of the most prevalent avian influenza viruses circulating in poultry in different regions. An immediate response from the Indian health ministry was not available during late hours.

Mumbai: Auto industry body, Society of Indian Automobile Manufacturers (Siam) has written to the government requesting for a reduction in the GST on two-wheelers. It has suggested that the government adopts three range slabs of reducing the rate-from the current 28% to 18% for internal combustion engine powered two wheelers, to 5% from the current 12% for zero carbon tailpipe emission two wheelers such as hydrogen and reduce the GST rate on low carbon emission technologies like flex fuel and CNG from the current 28% to 18% in the first stage bringing it down further to 12% in the second stage, once the overall base rate for two-wheeler is reduced to 18%. Siam is also seeking removal of the additional cess of 3% levied on higher cubic capacity bikes.India levies a GST rate of 28% (plus 3% cess on models that are above 350cc) on scooters and motorcycles that run on fossil fuel-the highest in the world. It ranges from a tax rate of 7% in Thailand (the lowest) to 16% in Mexico, Siam said.