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From Adani Group to Tata Motors and banks ⁠— these 17 stocks have already lost over 10% in last one month

Here’s what to expect from Maruti Suzuki and M&M to Hero MotoCorp and Bajaj Auto in August auto sales

New Delhi, Dec 5 () Rate-sensitive bank and auto stocks fell on Thursday while realty companies largely depicted a mixed trend after the Reserve Bank surprised with its decision to hold key policy rates.
Among bank stocks, IndusInd Bank fell 2.21 per cent, RBL Bank 1.95 per cent, SBI 1.65 per cent, Yes Bank 1.51 per cent, Axis Bank 1.39 per cent, Federal Bank 1.25 per cent, HDFC Bank 0.50 per cent, Kotak Mahindra Bank 0.46 per cent and ICICI Bank 0.27 per cent on the BSE.
The BSE Bank index closed at 36,147.31, down 0.76 per cent.
The Reserve Bank on Thursday unexpectedly hit a pause button on cutting interest rate as it gave more importance to prevailing inflation pressure and rising food prices over a worrying slowdown in the economy.
After five consecutive cuts in interest rates this year, the Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, unanimously voted to hold the key repo rate at 5.15 per cent and reverse repo rate at 4.90 per cent.
Among auto companies, Tata Motors skidded 1.95 per cent, Hero MotoCorp 1.76 per cent, Ashok Leyland 1.42 per cent, Motherson Sumi Systems 1.17 per cent, Maruti Suzuki India 0.99 per cent, Bajaj Auto 0.71 per cent, M&amp;M 0.37 per cent and TVS Motor Company 0.08 per cent.
 Tracking weakness in these scrips, the BSE auto index settled 0.64 per cent lower at 17,810.17.
 "RBI's decision to keep policy rates unchanged was a surprise, especially after indicating in the last policy that growth was a bigger concern and reducing the FY 2020 GDP growth estimate to 5 per cent," said Suvodeep Rakshit, Vice President &amp; Sr Economist, Kotak Institutional Equities. 
 Realty index was mixed at the closing bell. Shares of Phoenix Mills fell 2.64 per cent, Sunteck Realty 1.70 per cent, Mahindra Lifespace Developers 1.59 per cent, Godrej Properties 0.19 per cent, Indiabulls Real Estate 0.16 per cent and Prestige Estates Projects 0.09 per cent.
 In contrast, Oberoi Realty gained 2.75 per cent, Sobha 0.59 per cent, Omaxe 0.42 per cent and DLF 0.39 per cent.
 The realty index closed at 2,198.50, up 0.20 per cent.
 HDFC Securities MD &amp; CEO Dhiraj Relli said, "Though the stock market participants could be disappointed by the no-repo-rate-cut action, we think that the participants are mature enough to understand the prudence of the Central Bank which means that the markets may not react downwards sharply due to this disappointment."
In the broader market, the 30-share BSE gauge Sensex was lower by 70.70 points or 0.17 per cent to close at 40,779.59. 
"It was an unexpected move with the RBI keeping the repo rate unchanged at 5.15 per cent, as the market expected 25 bps (basis points) cut in repo rate," Deepthi Mary Mathew, Economist at Geojit Financial Services said.
"Given the growth-inflation dynamics, we still sense that RBI will deliver a rate cut of 25bps in February policy meeting given the widespread deceleration in the economy," Amar Ambani, Head of Research - Institutional Equities, YES Securities said. SUM


 
 
 SUM ANU
ANU

Rate-sensitive bank, auto stocks fall as RBI surprises with status quo

New Delhi, Mar 27 () Interest-rate sensitive bank, realty and auto shares which had mostly rallied during morning trade on Friday closed on a mixed note even after the Reserve Bank of India cut benchmark interest rate by 75 basis points to deal with the hardship caused by COVID-19 outbreak. Shares of Federal Bank closed 6.34 per cent higher, Axis Bank 4.98 per cent, ICICI Bank 2.44 per cent, State Bank of India 1.66 per cent and Kotak Mahindra Bank 0.64 per cent. In contrast, IndusInd Bank settled 5.94 per cent lower, City Union Bank fell 3.86 per cent, RBL Bank 2.93 per cent, and HDFC Bank 0.91 per cent. The BSE Bank index closed 0.96 per cent higher at 22,965.51. The Reserve Bank of India (RBI) on Friday cut benchmark interest rate by 75 basis points to 4.4 per cent to deal with the hardship caused due to the outbreak of COVID-19. The central bank also reduced the cash reserve ratio (CRR) of all banks by 100 basis points to 3 per cent with effect from March 28 for 1 year. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services called the measures "A massive bazooka from the RBI in "mission mode". He said it is a relief-cum-stimulus package with a big repo cut and even bigger reverse repo cut. This together with CRR cut will be a big stimulus for banks to lend. The combination of measures to boost liquidity, improve monetary transmission and relax repayment pressures will act with force multiplier in the economy. Among realty companies, Sunteck Realty ended 9.93 per cent higher, Indiabulls Real Estate 4.89 per cent, Prestige Estates Projects 3.92 per cent and DLF 0.58 per cent, while Oberoi Realty dropped 5.66 per cent, Godrej Properties 3.78 per cent, Sobha 0.90 per cent and Omaxe fell 0.71 per cent. The realty index dipped 0.78 per cent to close the trade at 1,427.65. "Markets traded volatile and finally settled on a flat note, taking a breather after the recent recovery. The benchmark indices opened higher, however, gains soon fizzled out despite big and bold moves announced by the RBI to address liquidity needs and ensure financial stability," said Ajit Mishra, VP - Research, Religare Broking Ltd. Among auto pack, shares of M&amp;M finished 2.83 per cent higher, Ashok Leyland 0.46 per cent, Apollo Tyres 0.49 per cent, while Hero MotoCorp dropped 8.04 per cent, TVS Motor Company 5.54 per cent, Maruti Suzuki India 4.81 per cent, Bajaj Auto 2.48 per cent and Tata Motors 0.21 per cent. The auto index fell 2.35 per cent to close at 11,223.81. "RBI has come out with lots of measures to ensure the stability of the financial system and inject liquidity in the market amid ongoing turmoil of pandemic," said Amit Gupta, Co-Founder &amp; CEO, TradingBells. He noted that it is a very good policy to cheer the market, but the problem is that the market has already rallied too much from lower levels ahead of policy and real trend decider for the market will be the trend in new cases of Covid-19 globally and locally. Meanwhile, the domestic equity markets closed on a weak note with the benchmark Sensex falling 131.18 points to close at 29,815.59. SUM ANSANS

Interest-rate sensitive bank, realty, auto shares end on mixed note after RBI measures

<ul><li><keyword id="18635" type="General" weightage="100" keywordseo="amazon" source="Orion">Amazon</keyword> has announced the <keyword id="1819506" type="General" weightage="80" keywordseo="summer-sale" source="Orion">Summer Sale</keyword> 2022, offering discounts across a wide range of products.</li><li>The sale is now live and you can avail offers across a wide range of products.</li><li>Here are the top deals on smartphones, smartwatches and more.</li></ul> The <keyword id="6511646" type="General" weightage="80" keywordseo="amazon-summer-sale" source="Orion">Amazon Summer Sale</keyword> is now live, offering discounts across a wide range of products, including smartphones, laptops, apparel, home appliances and more. The e-commerce giant has also announced exchange offers, no-cost EMI options and bank offers. ICICI Bank, Kotak Bank and RBL Bank debit card and credit card users can avail a 10% discount on their orders. Here the top deals on smartphones, smartwatches and TWS earphones. <cmsannotation type="cmsannotation" annotationid="iPhone 13" comment="subhead" text="iPhone 13">iPhone 13</cmsannotation> <cmsannotation type="cmsannotation" annotationid="B09G9HD6PD" comment="amazoncard" text="B09G9HD6PD">B09G9HD6PD</cmsannotation> The vanilla iPhone 13 which is priced at ₹79,900 is currently available at ₹64,900 for the 128GB storage variant. The device comes with a 6.1-inch OLED Super Retina display and is powered by the A15 Bionic chipset. It features a dual camera setup at the back and comes with a 12MP selfie camera. In addition to the discount, users can avail no-cost EMI options and up to ₹17,000 off on exchange. <cmsannotation type="cmsannotation" annotationid="OnePlus 9 Pro 5G" comment="subhead" text="OnePlus 9 Pro 5G">OnePlus 9 Pro 5G</cmsannotation> <cmsannotation type="cmsannotation" annotationid="B089MS7D9K" comment="amazoncard" text="B089MS7D9K">B089MS7D9K</cmsannotation> The OnePlus 9 Pro 5G is currently available for ₹47,999, down from its original price of ₹64,999. Users can avail a discount of ₹1,000 by using an ICICI Bank credit card for purchasing the device. In addition to this, users can also get up to ₹22,000 off on exchange. The OnePlus 9 Pro 5G features a 6.7-inch Quad HD+ Fluid AMOLED display and is powered by the Snapdragon 888 chipset. It comes with a quad camera setup at the back and a 16MP selfie camera. <cmsannotation type="cmsannotation" annotationid="iQOO 9 SE 5G" comment="subhead" text="iQOO 9 SE 5G">iQOO 9 SE 5G</cmsannotation> <cmsannotation type="cmsannotation" annotationid="B07WHQRCZD" comment="amazoncard" text="B07WHQRCZD">B07WHQRCZD</cmsannotation> The iQOO 9 SE 5G is currently available for ₹33,990 along with an ₹1,000 discount coupon, down from its original price of ₹39,990. ICICI Bank credit card users can avail an instant discount of ₹3,000. The iQOO 9 SE 5G features a 6.62-inch Full HD+ AMOLED display and is powered by the Snapdragon 888 chipset. It features a triple camera setup at the back and comes with a 16MP selfie camera. <cmsannotation type="cmsannotation" annotationid="Redmi Note 11 Pro+ 5G" comment="subhead" text="Redmi Note 11 Pro+ 5G">Redmi Note 11 Pro+ 5G</cmsannotation> <cmsannotation type="cmsannotation" annotationid="B09T2WPLS1" comment="amazoncard" text="B09T2WPLS1">B09T2WPLS1</cmsannotation> The Redmi Note 11 Pro+ 5G is currently available for ₹19,999, down from its original price of ₹24,999. ICICI Bank debit card and credit card users can avail an additional discount of ₹2,000. The Redmi Note 11 Pro+ 5G features 6.67-inch Full HD+ AMOLED display and is powered by the Snapdragon 695 chipset. It features a triple camera setup at the back and a 16MP selfie camera. <cmsannotation type="cmsannotation" annotationid="Samsung Galaxy Watch 3" comment="subhead" text="Samsung Galaxy Watch 3">Samsung Galaxy Watch 3</cmsannotation> <cmsannotation type="cmsannotation" annotationid="B08FN4Q6VZ" comment="amazoncard" text="B08FN4Q6VZ">B08FN4Q6VZ</cmsannotation> The Samsung Galaxy Watch 3 is currently available for ₹13,990, down from its original price of ₹34,990. ICICI Bank credit card users can avail an additional discount of ₹1,250 on the device. It comes with a circular AMOLED display and offers heart rate monitoring, sleep tracking, blood oxygen monitoring and more. It offers over 120 workout programs. <cmsannotation type="cmsannotation" annotationid="Amazfit GTS2 Mini" comment="subhead" text="Amazfit GTS2 Mini">Amazfit GTS2 Mini</cmsannotation> <cmsannotation type="cmsannotation" annotationid="B09TBCVJS3" comment="amazoncard" text="B09TBCVJS3">B09TBCVJS3</cmsannotation> The Amazfit GTS2 Mini is currently available for ₹5,999, down from its original price of ₹7,999. ICICI Bank credit card users can avail an additional discount of ₹500 on the device. It features a 1.55-inch AMOLED display and offers heart rate monitoring, blood oxygen monitoring, sleep tracking and more. It offers a battery life of up to 21 days on a single charge. <cmsannotation type="cmsannotation" annotationid="boAt Xtend" comment="subhead" text="boAt Xtend">boAt Xtend</cmsannotation> <cmsannotation type="cmsannotation" annotationid="B09MQSCJQ1" comment="amazoncard" text="B09MQSCJQ1">B09MQSCJQ1</cmsannotation> The boAt Xtend is currently available for ₹2,299, down from ₹7,990. It features a 1.69-inch square LCD display and comes with Amazon Alexa built-in. It offers heart rate monitoring, blood oxygen monitoring and sleep tracking. <cmsannotation type="cmsannotation" annotationid="Apple AirPods Pro" comment="subhead" text="Apple AirPods Pro">Apple AirPods Pro</cmsannotation> <cmsannotation type="cmsannotation" annotationid="B09JR27TBV" comment="amazoncard" text="B09JR27TBV">B09JR27TBV</cmsannotation> The Apple AirPods Pro is currently available for ₹19,900, down from its original price of ₹24,900. In addition to this, ICICI Bank credit card users can avail an additional discount of ₹1,250 on the device. The AirPods Pro comes with active noise cancellation and offers spatial audio and adaptive EQ that automatically tunes music for your ears. It is sweat resistant and offers up to 24 hours of battery life. <cmsannotation type="cmsannotation" annotationid="Samsung Galaxy Buds Pro" comment="subhead" text="Samsung Galaxy Buds Pro">Samsung Galaxy Buds Pro</cmsannotation> <cmsannotation type="cmsannotation" annotationid="B08SKDXKZF" comment="amazoncard" text="B08SKDXKZF">B08SKDXKZF</cmsannotation> The Samsung Galaxy Buds Pro is currently available for ₹6,990, down from its original price of ₹17,990. ICICI Bank credit card users can avail an additional discount of ₹700 on the device. It comes with active noise cancellation and is equipped with a 11mm woofer and a 6.5mm tweeter. It comes with a 2-way sound speaker tuned by AKG and offers IPX7 water resistance. <cmsannotation type="cmsannotation" annotationid="OnePlus Buds Z2" comment="subhead" text="OnePlus Buds Z2">OnePlus Buds Z2</cmsannotation> <cmsannotation type="cmsannotation" annotationid="B07XWBJ9L1" comment="amazoncard" text="B07XWBJ9L1">B07XWBJ9L1</cmsannotation> The OnePlus Buds Z2 is currently available for ₹4,599, down from its original price of ₹5,999. It features 11mm dynamic drivers and offers active noise cancellation. It offers a battery life of up to 38 hours and a 10 minute charge offers 5 hours of music playback. DISCLAIMER: The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. SEE ALSO: <a href="https://www.businessinsider.in/business/news/amazon-summer-sale-to-begin-on-may-4-2022-big-offers-on-smartphones-and-laptops/articleshow/91249886.cms">Amazon Summer Sale now live – offers on smartphones, laptops, appliances and more</a> <a href="https://www.businessinsider.in/tech/news/realme-gt-neo-3-realme-pad-mini-and-buds-q2s-launched-in-india-specs-price-and-everything-you-need-to-know/articleshow/91172955.cms">Realme GT Neo 3, Realme Pad Mini and Buds Q2s launched in India – specs, price and everything you need to know</a> <a href="https://www.businessinsider.in/tech/news/amazon-prime-video-doubles-down-in-india-even-as-netflix-cuts-down-90-of-its-indian-originals/articleshow/91151462.cms">Amazon Prime Video doubles down in India, announces over 40 titles, video-on-demand movie rental service</a>

Amazon Summer Sale – here are top deals on smartphones, smartwatches and truly wireless earphones

<ul><li><keyword id="44883" type="General" weightage="20" keywordseo="maruti-suzuki" source="Orion">Maruti Suzuki</keyword>’s market share dropped below the 50% mark in FY22, as its SUV penetration lingered at 12%.</li><li><keyword id="6912" type="General" weightage="20" keywordseo="Maruti" source="Orion">Maruti</keyword> Suzuki is expected to gradually regain their lost market share with its healthy utility vehicle pipeline</li><li>The company’s management also aims to sell up to 3.5 million units in the fiscal year 2023.</li></ul>The strong economic recovery anticipated this year has brought some good news for automobile company Maruti Suzuki, which has a strong pipeline set for new launches this year. According to a recent report by HDFC Securities, Maruti Suzuki is expected to gradually regain their lost market share with its healthy utility vehicle (UV) pipeline. The brokerage firm has advised investors to add more stocks of Maruti Suzuki to their portfolio, keeping a target price of ₹8,412. “A gradual recovery in the economy is expected to restore discretionary consumption for the middle to low income class and Maruti Suzuki is expected to be the key beneficiary,” the report added. Maruti Suzuki — one of the biggest automobile manufacturers in India that produced Alto, WagonR, Swift and others — had a market share of nearly half to almost 97% in almost all segments of passenger vehicles. However, its limited presence in the sport utility vehicle (SUV) segment — and the growing interest in this segment — ate into its total market share. The company only has 12% penetration in the SUV segment, which pulled down its total market share to 43% in FY2022. The company’s market share stood at 53.16% in FY2020 and 51% in FY2021, once again representing a drop in annual basis. Maruti Suzuki now plans to get back to 50% passenger vehicle market share domestically by implying “industry leading volume growth, going forward”, a report by ICICI Securities emphasized. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[]]></cdata></div><cmsannotation type="cmsannotation" annotationid="Maruti Suzuki is chasing SUV" comment="subhead" text="Maruti Suzuki is chasing SUV">Maruti Suzuki is chasing SUV</cmsannotation> "So, overall our market share in the SUV vertical is just 12 per cent. This is where we are now making efforts to bolster our presence," Shashank Srivastava, senior executive director of marketing and sales at Maruti Suzuki had <a href="https://www.businesstoday.in/auto/story/maruti-suzuki-eyes-suv-wave-to-cross-50-market-share-331041-2022-04-25">said</a>. The company now plans to launch new versions of its SUV Vitara Brezza, the Baleno Cross and Jimny off-roader in an attempt to regain its lost market share. According to media<a href="https://economictimes.indiatimes.com/industry/auto/auto-news/maruti-aims-for-pole-position-in-suv-race-in-next-one-year/articleshow/92115448.cms"> sources</a>, Maruti Suzuki expects that these vehicles can bring in incremental sales of as much as 250,000 units a year and more than double its market share in the SUV segment. It has already launched mid-cycle upgrades of Ertiga and XL6 in April 2022. “We believe that concerns over market share loss in UVs are overstated, as MSIL has often proven its mettle in the past, and we expect it to bounce back this time as well,” the report added. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year</td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net Sales </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6,65,621 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8,37,981 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23E </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10,49,864 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY24E </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12,52,521 </td></tr></tbody><tbody></tbody><tbody></tbody></table>Source: Company, HDFC Securities The company’s management also aims to sell up to 3.5 million units in FY23, which will roughly translate to a gain of 11-14% market share on an annual basis. “We expect a recovery of both market share and margin in FY23 and FY24, led by a favourable product lifecycle, operating leverage, and product mix as well as price action/cost-cutting,” a report by Axis Bank added. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/sensex-tumbles-over-1400-points-as-ril-hdfc-infosys-drag-the-market-down/articleshow/92171099.cms">Sensex tumbles over 1,400 points as RIL, HDFC, Infosys drag the market down</a> <a href="https://www.businessinsider.in/stock-market/news/mm-coal-india-vedanta-rbl-bank-among-stocks-to-watch-out-on-june-13/slidelist/92169990.cms" data-type="tilCustomLink">M&amp;M, Coal India, Vedanta, RBL Bank among stocks to watch out on June 13 </a> <a href="https://www.businessinsider.in/finance/news/1-in-2-micro-loans-are-being-rejected-since-april-thanks-to-rbis-new-microfinance-framework/articleshow/92106939.cms">1 in 2 micro loans are being rejected since April, thanks to RBI's new microfinance framework</a>

Maruti Suzuki will gain the most from economic recovery and also regain lost market share, say brokerages

Sensex sees 2 weeks of gain wiped out in half a day – plunges by over 1,400 points

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From Adani Group to Tata Motors and banks ⁠— these 17 stocks have already lost over 10% in last one month

Bhakti Makwana

Here’s what to expect from Maruti Suzuki and M&M to Hero MotoCorp and Bajaj Auto in August auto sales

Navdeep Yadav

Rate-sensitive bank, auto stocks fall as RBI surprises with status quo

PTI

Interest-rate sensitive bank, realty, auto shares end on mixed note after RBI measures

PTI

Amazon Summer Sale – here are top deals on smartphones, smartwatches and truly wireless earphones

Sourabh Jain

Maruti Suzuki will gain the most from economic recovery and also regain lost market share, say brokerages

Kritti Bhalla

Sensex sees 2 weeks of gain wiped out in half a day – plunges by over 1,400 points

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