Six Stocks In News At Noon: Tata Motors, Ashok Leyland, Samvardhana Motherson And BSE Among Others

The Sensex was above the 77,500 mark and Nifty was up about 0,50% at noon on Thursday (Image source: Freepik)

Both the Sensex and Nifty 50 were up 0.48% as of 12:16 p.m. on Thursday. The major gainer in the 50-stock index was Hero MotoCorp Ltd. and Larsen & Toubro Ltd., which were up 2.61% and 2.34%, respectively.

The biggest laggard in trade at noon was Tata Motors Ltd., which fell 5.51%, followed by Sun Pharma, which declined 1.93%.

Here are the six stocks that are buzzing on account of corporate actions, Trump's tariffs, block deals and more.

Tata Motors

Shares of Tata Motors Ltd. declined 6.66% in trade so far after US President Donald Trump announced 25% tariffs on auto imports starting April 2. The pack of auto stocks that saw decline have significant exposure to the US market.

The tariff would apply not only to fully assembled cars but key automobile parts, including engines, transmissions, powertrain parts and electrical components.

Ashok Leyland

Ashok Leyland Ltd.'s share price declined as much as 4.56% in trade so far. This negative sentiment follows the company's initiation of the process to shut down Switch UK, an EV-focused stepdown subsidiary.

The truck manufacturer said in the exchange filing on Wednesday that Switch UK has begun a consultation process for the cessation of manufacturing facility in Sherburn.

Samvardhana Motherson

Samvardhana Motherson International Ltd.'s share price fell as much as 7.56% in trade today. Fall in share price is based on the tariff impact but CLSA is positive on the growth outlook of the company.

Growth may double in the next three years, CLSA said, adding the original equipment manufacturer has been delivering steady execution in adverse market conditions.

BSE

BSE Ltd.'s share price jumped over 5% to a one-month high in trade so far, after the company said the board will consider issuing bonus shares on March 30.

If approved, this will be BSE's second bonus share issue in three years. In February 2022, the exchange issued a 2:1 bonus share, giving investors two additional shares for every share held.

Trent

Shares of Trent Ltd. rose as much as 2.31% in trade after Macquarie initiated coverage with an 'outperform' rating. The target price was set at Rs 7,000, offering a 35% upside from current levels.

The brokerage highlights Trent as a standout player in India's retail space, especially within the value to mid-premium fashion segment, and expects this growth to continue, buoyed by several tailwinds.

JB Chemicals

JB Chemicals And Pharmaceuticals Ltd.'s shares fell 7.73% in trade so far as 9 million or 5.78% of shares changed hands in a block deal.

Tau Investments Holdings Pte., the promoter of JB Chemicals & Pharmaceuticals, had plans to sell up to 15.9 million shares in a block deal valued at Rs 2,576 crore.