At 09:15 AM; around 23.63 million equity shares representing 6.23 per cent of total equity of MCIE changed hands via block deal on the BSE.
Overall positive performance in Q4, supported by growth and solid profitability in India, and big commercial efforts in Europe will help offset huge cost increases, said analysts
Stocks to Watch: Balrampur Chini, Indiabulls Housing Finance and Punjab National Bank (PNB) were the three stocks in F&O ban period on Wednesday.
The company is selling its loss-making German CV forging business
India is projected to be one of the fastest growing large economies in the world and CIE Automotive's global strategy continues to focus on India as a key market, the company said
Among individual stocks, the technical analyst from HDFC Securities recommends buying IndusInd Bank and Mahindra CIE.