Tata Group CFO PB Balaji could play a pivotal role in unifying the new businesses following the proposed demerger of Tata Motors into two separate entities for commercial and passenger vehicles, as per a Livemint report. What Happened: Tata Motors, the flagship automotive company of Tata Sons, is planning a demerger that is expected to be completed in the next 12-15 months.

Gold and Silver Prices Today: Gold prices remained steady on Monday. The cost of 24 carat gold is Rs.8057.3 per gm, while the cost of 22 carat gold is Rs.7382.3 per gm. The price change in 24 carat gold over the past week has been -0.94%, and in the last month, it has recorded a decrease of -3.57%. The cost of silver is Rs.100100.0 per kg.

The dollar fell in Asia on Monday as investors prepared for a possible shift in the world economy this week as the US selects a new leader and is expected to lower interest rates once more, which will have a significant impact on bond yields. The euro continued its early ascent, rising 0.6% to $1.0901, and was poised to test resistance at $1.0905.

Shares of Tata Motors today fell by 2.2% to an intraday low of Rs 825 on the BSE after the company reported a muted growth in its monthly auto sales on a yearly basis at 80,839 units. The company reported total sales of 82,682 units in October 2024, nearly unchanged from the 82,954 units sold in October 2023.The commercial vehicle (CV) sales were reported at 34,259 units.

India’s manufacturing activity rose to 57.5 in October from the nine-month low of 56.5 hit a month back, according to results of a private survey released on November 1.The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index stayed above the 55-mark for the tenth consecutive month, indicating a strong momentum. A reading of over 50 indicates expansion.

Hindustan Unilever Ltd (HUL) announced on November 1, 2024, the successful divestment of its Pureit water purification business to A.O. Smith, a global leader in water treatment solutions. This divestment finalizes the agreement signed on July 15 between HUL and A.O. Smith, aimed at boosting A.O. Smith’s product portfolio and distribution across India.

Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited missed Q2 results expectations, mainly due to weaker refining and marketing performances, according to Goldman Sachs. The brokerage retains a sell call on Indian Oil with a target price of ₹105, expecting a 27.5% downside.

Shares of Bajaj Auto fell by 5% to its day’s low of Rs 9,401 on the BSE after the company on Monday posted its October sales number reporting merely a 2% YoY rise to 4,79,707 units.The total number of vehicles sold was reported at 4,71,188 units in October 2023.The company reported its domestic sales figure for the 2-wheeler segment at 2,55,909 units, which has declined by 8% on a yoy.

NCC announced the acquisition of contracts totaling ₹3,496 Crore in October 2024, as reported in its filing on Friday, November 1. The company received these contracts from various central and state government agencies, as well as private organizations, showcasing its multi-sector expertise. At the time of writing on November 4, 2024 at 10:20 am, shares of NCC Ltd is trading at ₹310.25.

Adani Ports and Special Economic Zone Ltd (APSEZ) on Monday, November 4, reported handling 37.9 million metric tonne (MMT) of cargo in October 2024, maintaining its trajectory toward its annual cargo volume targets. The October performance supports Adani Port's year-to-date (YTD) cargo volume of 257.7 MMT, an 8% growth compared to the same period last year, the company said in a stock exchange.

SBI Card, India’s second-largest credit card issuer, is facing significant headwinds as profitability shrinks and competition intensifies. In the quarter ended September 2024, the company posted a 32.9% drop in net profit, down to ₹404.42 crore from ₹602.98 crore in the same period last year. Finance costs surged 30% year-over-year to ₹788 crore, attributed to higher receivables.

Afcons Infrastructure was listed at Rs 426 on the National Stock Exchange, a discount of 8% to the issue price. Shapoorji Pallonji Group’s company’s IPO opened on October 25 and raised Rs 5,430 crore through fresh shares as well as an offer for sale. The IPO bidding closed on October 29. The allotment of shares was finalised on October 30.

Shares of Azad Engineering, a leading manufacturer of aerospace components and turbines, surged 14.3% to ₹1,670 apiece in early trade today, November 4, after securing a significant order.On Sunday, the company announced via an exchange filing that it had signed a Long-Term Contract & Price Agreement (LTCPA) with Mitsubishi Heavy Industries Limited (MHI), Japan.

Tata Motors’ share price was slumping on Monday morning as Mahindra and Mahindra continued to outsell the Tata Group auto manufacturer for the second straight month, maintaining its position as the third-largest passenger car player in the country. What Happened: However, analysts at Morgan Stanley remain upbeat about the stock’s performance. Morgan Stanley maintained its “equal weight” rating.

Shares of car maker Mahindra & Mahindra jumped nearly 4% after brokerages were bullish on the company following the release of its October sales data. What Happened: The company sold a total of 96,648 vehicles in October across domestic and international markets, surpassing analysts’ estimates. Of these, 93,142 vehicles were sold in the domestic market, while 3,506 vehicles were exported.