20% investors still have shares in physical form

20% investors still have shares in physical formIt is indeed a surprise that in an era where people have now moved on to ipads close to 20% of the retail investors in the Indian market currently hold shares in physical form.

Moreover, it is to be mentioned here that close to one-third of promoters' holdings in BSE-500 companies are in physical form which makes the 2.5% of total shareholding locked.

Maruti pushes the rural accelerator

Maruti pushes the rural acceleratorAfter Maruti’s market share has gone down below 50%, for the first time in its 25 year history, the country’s leading automotive player is now looking to regain the market share by pushing the rural sales in the Indian market.

According to the recently devised strategy, the company is now planning to raise its share of rural sales to 20 per cent from the current 17 per cent.

Automatic A-Star coming soon

Automatic A-Star coming soonAs the Indian consumer has started to develop love for the automatic version of automobile, Maruti Suzuki has decided that the company will not miss on this opportunity to bank high volumes. Notably, the company is planning to launch A-star Automatic in Indian market soon.

In fact, India’s leading car maker will take on the automatic version of the i10 with the automatic variant of A-Star.

Harley Davidson opens its showroom in Delhi

Harley Davidson opens its showroom in DelhiAfter making its presence felt in places like Hyderabad and Chandigarh, Harley Davidson recently inaugurated its showroom in the Delhi region.

There is no denying to the fact that the recently opened showroom, Capital Harley-Davidson, state-of-the-art dealership, truly exemplifies the unique experience and attributes of the brand to the prospective consumers in the capital.

M&M moves to South Africa

M&M moves to South AfricaIt seems that the Mahindra Group has developed a love for the South African region. As after partnering with FIFA for the Football world cup that took place in South Africa, the company now plans to set up a plant in South Africa. According to a media report, as improving market conditions boosted the company’s sales in the region by 80% as compared to the beginning of last year, the company is very buoyant on the success of its products in the South African market.

M&M group president Pawan Goenka recently said that it makes a lot of sense to have a plant in South Africa.

Ruia Group eying a European components firm

Ruia Group eying a European components firmAfter setting its sight on the cash-strapped Korean auto major, Ssangyong Motors, Ruia Group is now trying to get its hands on a European automobile components firm to drive its growth in the future.  

Pawan Ruia, Chairman, Ruia Group recently said that the Group is trying to close a deal very soon in one of the auto component companies in Europe.

In fact, Ruia also pointed out that as lot of companies are up for sale in the European market, the Group is trying to work on some projects.

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News in Focus

Kalyan Jewellers Share Price Target at Rs 786: BOB Capital Markets

BOB Capital Markets has upgraded Kalyan Jewellers to BUY from HOLD with a target price of Rs 786, implying about 18% upside from Rs 664.

Tata Steel Share Price Could Reach Rs 230: ICICI Securities

ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.

Pricol Share Price Target at Rs 935: Axis Securities

Axis Securities has kept its BUY call on Pricol Ltd with an unchanged target price of Rs 935, about 28% above the Nov. 5 closing price of Rs 728.

Mahindra & Mahindra Share Price Target at Rs 4,387: BOB Capital Markets

BOB Capital Markets has retained its BUY rating on Mahindra & Mahindra but trimmed its target price to Rs 4,387 from Rs 4,530, still implying about 40% upside from the Rs 3,128 market price.

ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.

Stylam Industries Share Price Target at Rs 3,750: ICICI Direct

ICICI Direct, the retail research arm of ICICI Securities, has maintained its BUY call on Stylam Industries with a revised 12-month target price of Rs 3,750, about 21% above the current market pric