Brokerage firm CLSA maintained a bullish call on Reliance Industries even as the stock has seen a huge correction recently. What Happened: Reliance’s share price has fallen more than 20% from its highs in July. The company in its Q2 results saw its bottom line decline by 4.8% to ₹16,563 crore. The conglomerate’s revenue was…
Tesla Inc TSLA analysts and experts highlighted the importance of the company’s third-quarter deliveries, while they also pointed to other October catalysts that include full quarterly financial results and the company’s highly anticipated Robotaxi Day on Oct. 10. What Happened: Tesla reported third-quarter deliveries of 462,890 vehicles, up 6.4% year-over-year and up 4.3% quarter-over-quarter. The…
Even though the Chinese stock market has been scrutinized extensively in the past couple of years, some investors have begun to realize that there is much more upside than apparent risk for Asia’s powerhouse. China’s technology sector has the lowest valuation in history compared to its American counterpart. Measured through the KraneShares CSI China Internet…
As the battle for electric vehicles heat up, which company can win the electric vehicle (EV) race? Analysts at Bernstein weigh in their views on which company can reach the finish line. What The Analysts Say: Bernstein says the EV industry generates $1.3 billion (around ₹10,861 crore) annual revenue and without incentives makes $300 million…