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In recent times, many stocks have surged despite promoters paring their stakes.

For the fiscal year 2023-24, Toyota Kirloskar Motor reported record-breaking wholesales of 2,63,512 units, reflecting a remarkable 48% increase from 1,77,683 units in 2022-23.

At 2:30 pm on the BSE, Eicher Motor shares were down 1.61% at ₹3,954.85 after the monthly business update.

The commercial vehicle maker experienced a 4% year-on-year decline in total vehicle sales, amounting to 22,866 units in March 2024. Within this, domestic sales decreased by 7%, reaching 21,317 units during the same period. Specifically, medium and heavy commercial vehicle sales witnessed a 7% year-on-year drop, totaling 15,562 units in March 2024.

In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes.

The Securities and Exchange Board of India (SEBI) has given the go-ahead for two companies to launch their initial public offerings (IPOs).

Tarun Garg, COO of Hyundai Motor India, attributed the sales performance to the diverse product lineup's great acceptance.

Following three days of gains, investors may opt for profit booking, leading to a pullback.

Leading the gains on the Nifty were Tata Steel, JSW Steel, Adani Ports, Shriram Finance, and Divis Labs. Conversely, Eicher Motors, Titan Company, Bajaj Auto, LTIMindtree, and Nestle were among the top losers.

According to the corporation, the value-added segment's contribution rose from 56% in FY23 to 58% in FY24. It stated that APL Apollo's de-commoditization strategy is still in place.