News Overview

The past six months have seen a sharp rise in TVS’ EV volumes and a fall in sales of Hero Electric, Okinawa, etc., following withdrawal of FAME subsidy eligibility for the latter players. This has led to sharp re-rating of TVS stock, despite EPS downgrades.

Company's stock price drops after March quarter result falls short of expectations.

Recommendation: Buy; Target price: Rs 1,500

The issue will close on April 25 and list on the NSE and BSE on May 4.

Here are some stocks that may show significant price movement today.

Asian markets have opened on a mixed note today.

.Brent crude futures edged up 17 cents to $86.48 per barrel.

Spot gold was down 0.2% at $1,999.12 per ounce. Gold futures in the US decreased 0.3% to $2,009.00.

US dollar index increased by 0.15% to 101.82.

Merchandise trade deficit for March 2023 stood at $19.73 billion.