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Eicher Motors Launches Electric Motorcycle | GHV Infra Receives New Work Order | Top Buzzing Stocks Today
Mon, 13 Apr Pre-Open

Eicher Motors Launches Electric Motorcycle | GHV Infra Receives New Work Order | Top Buzzing Stocks TodayImage source: smagilov/www.istockphoto.com

Indian benchmark indices traded negative throughout the session and ultimately closed red.

The Nifty50 and the Sensex resumed their gaining streaks after a one-day break as traders assessed the situation in West Asia.

At the closing bell on Friday, the BSE Sensex  closed higher by 919 points (Up 1.2%).

Meanwhile, the NSE Nifty closed 275 points higher (Up 1.1%).

Asian Paints, ICICI Bank and Bajaj Auto among the top gainers today.

Coal India, Sun Pharma and TCS on the other hand, were among the top losers today.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE 150 MidCap index ended 1.7% higher and BSE 250 SmallCap index ended 1.6% higher.

Barring IT sector, all other sectoral indices were trading on positive note on Friday, with stocks in banking sector and auto sector witnessing buying speer.

Speaking of stock markets, Rahul Shah from Equitymaster highlights an interesting insight. A viral chart suggests that investing at the lowest point of the year could grow your wealth to Rs 5 crore, while investing at the highest point may result in Rs 3 crore, the difference largely driven by luck.

But what if investors could aim much higher, say Rs 18 crore without depending on market timing?

This video breaks down a simple blueprint designed to make luck irrelevant and focus on a more consistent wealth-building strategy.

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Top buzzing stocks today

Coal India share price will be in focus today.

shares of Coal India fell sharply on Friday, declining 4.2% to Rs 435, emerging as the top loser on the Nifty 50, even as the broader market traded firmly in the green.

Prestige Enters Major Versova Housing Project

Shares of Prestige Estates Projects came into focus after the company announced its entry into a premium residential project in Mumbai through a joint venture with ABIL Group.

Prestige Group will develop a new residential project in Versova through Aaramnagar Realty LLP, which has the rights to the land. The project covers about 6 acres and can be developed into around 1.7 million square feet of space, with an expected total value of over Rs 90 billion (bn).

This project is part of Prestige Group's plan to grow in busy urban areas where there is high demand but limited supply. Mumbai remains an important market for the company as it expands its presence in well-known residential locations.

Prestige Group works across many real estate segments, including homes, offices, retail spaces, hotels, and large townships.

GHV Infra Receives New Work Order

Shares of GHV Infra Projects came into focus after it received a new work order from GHV (India) for infrastructure development worth Rs 1.05 bn.

The project involves building facilities to expand the car shed at Kalwa. It is expected to be completed within 24 months from when work begins.

The order has been given by a domestic company and is a regular work contract.

However, this deal is considered a related party transaction. Jahidmohmed Vijapura, who is linked to GHV Infra Projects as a promoter, is also connected to GHV (India). He is a director and shareholder there, and also a partner in JHV Commercials LLP, which owns a significant stake in GHV Infra Projects.

The company said that the deal is being carried out fairly and in market terms.

GHV Infra Projects is an EPC (engineering, procurement, and construction) company. It works on projects in areas like roads and transport, water management, industrial development, building construction, and energy and environmental sectors.

Eicher Motors Launches Electric Motorcycle

Shares of Eicher Motors came into focus after the company announced the launch of its first electric motorcycle, the Flying Flea C6.

The motorcycle has been launched under Royal Enfield's new electric brand, Flying Flea. The Flying Flea C6 is made mainly for city use. It can reach a top speed of 115 kmph and runs on a 3.91 kWh battery.

It comes with features like regenerative braking, traction control, and different charging options.

With this launch, Eicher Motors has entered the electric two-wheeler market. The company plans to introduce the bike gradually in different cities and said this platform will also be used for future electric models.

To know what's moving the Indian stock markets today, check out the most recent share market updates here

Read the latest Market Commentary


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