SMALL CAR
Rang barse! 56 multibagger stocks defy market slump, soar up to 760% since last Holi
Despite market volatility, 56 stocks have retained multibagger status, delivering up to 760% returns since March 2024. Smallcaps like Ashika Credit Capital, Aayush Art, and Indo Thai Securities led gains, significantly outperforming the broader market, which returned only 1.6%. The average returns of these 1,465 stocks stand at 9.14%, thanks to the weight thrown around by the above mentioned stocks. In contrast, BSE Sensex has managed returns of just 1.6%.
Car sales see marginal growth, but dealers warn of high inventory
Wholesales of passenger vehicles in February 2025 increased by 1.9% despite a dip in retail sales due to rising inventory. The highest-ever February sales in the segment were recorded, driven by utility vehicle demand, while small cars and vans saw a decline. Two-wheeler sales dropped sharply by 9%.
Trump threatens further tariffs as EU, Canada retaliate for those already in place
Trump escalates global trade tensions by threatening more tariffs on EU goods. This follows U.S. tariffs on steel and aluminum, prompting Canada to retaliate. EU plans counter tariffs could trigger further U.S. penalties, straining international relations and economic stability. Global stocks remain steady but industry concerns grow, anticipating recession and economic disruption.
From soup cans to airplanes, steel and aluminum are a fundamental part of American life
President Trump's 25% tariffs on steel and aluminum imports could significantly impact American manufacturers and consumers. Key industries, from construction to autos and household goods, depend heavily on these metals, leading to potential price hikes. Companies are bracing for increased costs, affecting everything from grocery prices to automotive and appliance costs, potentially straining the U.S. economy.
Trapped for six days: Mom of three survives in crashed car using only a hoodie for water
A mother of three, Brieonna Cassell, survived a car crash that left her trapped in a creek for six days in Indiana. She was injured, without food or water, and managed to stay alive until a worker noticed the wreckage. Cassell was rescued, airlifted to a hospital, and is now on the road to recovery.
Trump tariffs: What's been done and what is to come?
US President Donald Trump has broadened his tariffs campaign to hit all steel and aluminium imports with 25-percent duties. Here is what happened this week and what' - Steel and aluminium - The 25-percent tariffs on steel and aluminium came into force on Wednesday, hitting every country that exports the metals.
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Donald Trump’s speech notes or Tesla’s sales pitch: Here’s all that created buzz about White House event
Resembling a sales pitch, a picture from a White House function shows Donald Trump holding hand-written notes listing Tesla prices. Having once been against electric cars, the president has now endorsed Elon Musk and promised to purchase a Tesla. Simultaneously, Tesla is under opposition and its inventory is falling, which begs for inquiry into Musk's emphasis on politics against the company.
Guns N' Roses N' Money: Concerts have become big money spinners
Guns N' Roses will perform at Mumbai's Mahalaxmi Racecourse in May, drawing significant anticipation following India's recent concert boom with artists like Coldplay and Ed Sheeran. India's growing concert economy enhances tourism, hospitality, and job creation. Increasing disposable incomes and premium consumption trends drive high demand for live music events, despite substantial ticket costs.
Trade War Whiplash: Trump retreats on 50% Canada tariff threat after Ontario’s electricity standoff
President Donald Trump reversed his decision to double tariffs on Canadian steel and aluminum just hours after announcing the higher tariffs. This move came after Ontario Premier Doug Ford agreed to suspend a 25% surcharge on electricity. Financial markets experienced volatility following these rapid trade policy shifts.
Chandigarh man unearths 37-year-old Reliance shares worth Rs 12 lakh, ignites social media frenzy
Rattan Dillon, a car enthusiast from Chandigarh, stumbled upon physical share certificates of Reliance Industries (RIL) during a spring cleaning session. The certificates revealed that the original shareholder—now deceased—had purchased 30 equity shares at Rs 10 each.
Trump drops nearly $90,000 on ‘beautiful’ red Tesla car he won’t drive; 'patriot' Elon Musk plays salesman
US President Donald Trump publicly purchased a Tesla from CEO Elon Musk, backing the entrepreneur amid growing criticism and attacks on the company. Speaking at the White House, Trump praised Musk and pledged to classify violent protesters targeting Tesla as domestic terrorists. His remarks come as Tesla faces vandalism and its stock continues to fall. Trump also dismissed any special discounts and stated the White House staff would use the vehicle since he is not permitted to drive.
Even Elon Musk fans dash for the sidelines with Tesla in freefall
Elon Musk's Tesla Inc. faces a significant stock decline, sparking concern among long-term investors. Despite President Trump buying a Tesla to show support, the stock is down 52% from its all-time high. Analysts predict further drops due to negative sentiment, poor sales, and Musk's political distractions. Retail traders' optimism is waning amid bleak global sales forecasts.
Small-caps: Not a time to panic, but to review & think long term. 5 stocks from various sectors with an upside potential of over 30%
What is the difference between end-2024, when the correction began, and the start of 2025? In the initial phase in October-November, it was large-caps that bore the brunt. Now it is small- and mid-cap stocks that are taking a beating. So, collectively, it has been five months of decline in every segment of the market. So what to do? Sell, buy, or hold? Here’s a story about a small-cap company for perspective. For decades, its performance was mediocre at best. But it is now a success, making batteries used in EVs and other new energy ecosystems. The stock has seen a re-rating in the last couple of years. What should you do? Sell, because it has seen a sharp correction and the fear of Trump is roiling global markets? Or not?
Musk seeks to put $100 million directly into Trump political operation
Elon Musk has indicated plans to contribute $100 million to Trump-controlled groups. Over the weekend, Musk traveled with Trump and dined with Secretary of State Marco Rubio. Musk's support may help reduce tensions between him and Trump officials. The specific allocation of Musk's donation remains unclear, though involvement with various pro-Trump entities is expected.
Businesses sound alarm as Trump tariffs prompt consumers to cut spending
The uncertainty caused by President Trump's fluctuating trade policies and tariff threats is leading to a slowdown in various industries. Businesses are warning of potential price hikes, which could result in inflation and reduced economic growth. The latest tariffs on steel and aluminum pose additional challenges, exacerbating recession fears and affecting consumer confidence.
Now hiring: AI trust roles; Tough road ahead for Tesla
Large Indian tech companies are rapidly hiring for jobs focused on AI safety and trust. This and more in today’s ETtech Top 5.
Byrnihat: This little-known Meghalayan city is the world's most polluted, surpassing Delhi, Gurgaon, and Noida
India's air pollution crisis remains severe, with 13 of the world's 20 most polluted cities, including Byrnihat and Delhi, struggling with hazardous air quality. The World Air Quality Report 2024 highlights a 7% decline in PM2.5 levels but warns of continued health risks. Experts criticise weak enforcement and ineffective policies. While solutions exist, including cleaner fuels and better public transport, political inertia and fragmented regulations hinder progress. With millions of lives at risk, urgent action is needed to combat this persistent crisis.
Buy Maruti Suzuki, target price Rs 14,839: HDFC Securities
HDFC Securities recommends buying Maruti Suzuki India, setting a target price of Rs 14,839. The shift in company strategy, including aggressive new model launches and potential benefits from global EV production, could regain market share. Maruti Suzuki's Consolidated Total Income for the recent quarter is reported at Rs 39,822 crore, with a net profit of Rs 3,659.80 crore.
In deflation-hit China, one store holds flash sales four times a day
China's consumer price index dropped by 0.7% in February, highlighting deflation worries. Discount stores like Beijing's Wankelai employ flash sales to attract cautious shoppers during economic uncertainty. Analysts warn persistent deflation could hinder growth, similar to Japan's experience in the 1990s. Premier Li Qiang seeks to boost household spending amid fears of job insecurity and sluggish demand.
A single-engine plane crashes near a Pennsylvania airport and all 5 aboard are taken to hospitals
A single-engine plane crashed and ignited in Pennsylvania, near Lancaster Airport, with all five occupants surviving. The incident occurred around 3 p.m., damaging several cars but causing no ground casualties. The plane missed a building at a retirement community. Emergency response was swift, and the FAA is investigating. The pilot had reported an issue before the crash.
ET Awards 2024: FM Nirmala Sitharaman reveals full spectrum of India's current challenges and opportunities
India needs to maintain strong supply chains amid uncertain trade equations, guiding its trade negotiations with the Trump administration. FM Nirmala Sitharaman emphasised the importance of a robust treaty and the need for India to boost exports and protect itself from potential dumping, particularly from nations like China.
Why global EV giants like Tesla, BYD can't challenge India's Tatas and Mahindras: Anand Rathi report cites key reasons
India’s passenger vehicle market is unlikely to face major disruption from new competition in the near future. Reports suggest that global players like Tesla and BYD struggle with local regulations, pricing, and market dynamics. Despite government efforts to encourage electric vehicles (EVs), challenges such as high import duties and localisation requirements keep the sector largely dominated by homegrown brands. Experts argue that established Indian automakers hold a strong advantage, making it difficult for new entrants to gain ground.
Larger banks and corporate-focused NBFCs should be a decent part of portfolio now: Sandip Sabharwal
Sandip Sabharwal believes large-cap stocks will rise first before mid and small-caps catch up. He suggests allocating to NBFCs, banks, and infrastructure-oriented companies, while auto stocks may do well next year. He also sees potential in FMCG and metal sectors. He recommends Mahindra & Mahindra for autos and highlights the value in Bajaj Auto and tyre companies.
'Completely unacceptable': UK strongly condemns Jaishankar security breach in London
The UK condemned the security breach as a pro-Khalistan extremist approached Minister S Jaishankar's convoy in London. The incident, marked by protests, was promptly handled by the Metropolitan Police. The UK emphasized that such acts aimed at intimidating or disrupting public events are unacceptable while maintaining their commitment to diplomatic security obligations.
Powerful US storms create blizzard conditions and threaten to spawn more tornadoes
Powerful storms moving eastward from the Midwest have caused fatalities and significant damage, including structural collapses and power outages. These storms have spawned tornado warnings, and heavy winds and snowfall continue to affect several states, leading to hazardous travel conditions and wildfires in some areas.
Trump exempts some automakers from Canada, Mexico tariffs for one month
President Donald Trump exempted automakers from 25% tariffs on Canada and Mexico for one month, contingent on compliance with existing trade rules. The move, aimed at easing trade tensions, led to a rebound in auto stocks but maintained pressure on both countries regarding fentanyl smuggling.
Powerful US storms create blizzard conditions, threaten to spawn more tornadoes
Severe storms across the central and eastern United States have resulted in two fatalities in Mississippi and significant damage in Oklahoma. Tornadoes were reported in Texas, Oklahoma, and Louisiana, disrupting Mardi Gras parades in New Orleans. The storm has caused widespread power outages and travel disruptions, with ongoing threats of harsh weather conditions.
Volvo to launch electric SUV EX30 in India this year: Official
Volvo is set to launch the fully electric SUV EX30 in India this year, aligning with its goal to achieve 90-100% electrified car sales by 2030. The company also plans to introduce the new XC60 model. Last year, 25% of Volvo’s sales in India were electric vehicles, comprising the XC40 and C40 models.
Auto sector valuation premium over Nifty falls from Sept 27 peak. Time to press the gas pedal?
The auto sector’s valuation premium over Nifty has declined from 37% to 20%, as auto stocks fell 27% compared to Nifty’s 16% drop since September 2024. Weak Q3 earnings and Tesla’s India entry contributed to bearish sentiment, analysts say.
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