Articles for tag: automotive, investment, IPO

Rajiv Sharma

Major auto company cancels IPO application to raise ₹900 crore

Major auto company cancels IPO application to raise ₹900 crore

Introduction Hero Motors Limited, a prominent player in the automotive component manufacturing sector under the Hero Group umbrella, has recently made headlines by withdrawing its application for an Initial Public Offering (IPO) worth ₹900 crore. This decision has left many industry analysts and investors speculating about the future strategies and financial health of the company. ...

Rajiv Sharma

Expert Opinions Vary on Tata Stock Amid Fear of Significant Decline

Expert Opinions Vary on Tata Stock Amid Fear of Significant Decline

On Friday, shares of Tata Motors, a subsidiary of the Tata Group, closed at ₹930.70 on the Bombay Stock Exchange (BSE). This marks a significant decline from its previous closing price of ₹1035.45, recorded on September 10, 2024. The automotive industry’s fluctuating dynamics, along with various macroeconomic factors, often influence the stock performance of leading ...