Tata will not sell JLR, global steel demand is a two-speed highway; all this and more on Moneycontrol Pro

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Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations. In sum, all the information you need for wealth creation.

Tata’s Chandra says won’t sell JLR. Is it pride or business sense speaking?

Tata Sons chairman N Chandrasekharan has said that while the firm wants to find partners for Jaguar Land Rover (JLR) it has no plans to sell that unit of tata motors. That should end chatter about the company planning to exit this business. If not an exit, then what’s the way out of the problems this business finds itself in? Read here to know what is plaguing the JLR business and the outlook for tata motors.

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Global steel demand is a two-speed highway, with China hogging the fast lane

Global steel prices are down which was attributed to the global slowdown and the US-China trade war. But the world steel association has revised upwards its forecast for steel demand in 2019. The two don’t add up. This anomaly is explained by China, where steel demand has risen by much more than anticipated earlier. What’s happening? Read here to know more.

NALCO — favourable risk-reward at current market price

National Aluminium Company's (NALCO) stock continues to fall amid concerns over global aluminium prices as well as worries about the scarcity of coal. The stock corrected by more than 3 percent on Thursday (17 October). It now trades about 45 percent lower than its 52-week high of Rs 72 per share recorded last November and is trading at 9 times its estimated earnings for fiscal year 2021. Read here to know our analyst’s take on this stock.

TVS Motor September quarter results: decent show, but valuation too high

TVS Motor posted numbers in-line with expectations amid weakness in the overall industry. Despite the significant decline in the top line, TVS was able to maintain its operating margin due to improved realisations and fall in raw material (RM) prices. Read here to know more about its results and what our analyst makes of its valuations.

Primer | should you invest at the turn of the month?

Research suggests that returns from equity markets are generally higher around the turn of the month. This seemingly irrational market behaviour is referred to as turn of the month effect and was first reported in 1988. Read here to know more about this phenomenon and how you should approach this in relation to your investments.

Technical picks:

HDFC Bank: HDFC Bank is in sideways trend and is trading in the range of 1,180 and 1,280. Currently, volatility is high. Read here to know how to trade this stock.

Asian Paints: Asian Paints has shown relative strength during the recent correction of the Nifty. It was a follow-through price action to the strength that the stock showed earlier. Read here to know how to trade this stock.