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Wheels India Ltd. rating upgraded to buy amid valuation shift

pre-market1 source ↓written by the desknot a recommendation

Wheels India Ltd. received a rating upgrade to Buy following a valuation shift from Attractive to Very Attractive. The stock's P/E ratio is 23.48, compared to TVS Holdings at 14.8, reflecting strong growth prospects. Its PEG ratio of 0.59 suggests undervaluation, appealing to long-term investors.

The company also boasts a dividend yield of 0.97%, providing steady income alongside potential capital appreciation. This upgrade may enhance market sentiment for the stock.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 29 Jul 2026, 07:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

WHEELS closed +1.2% on the day of the news, from ₹1,417.10 to ₹1,434.50; Nifty +1.1% over the same session.

Bulletin at 07:07 IST on 29 Jul 2026. Every change is measured from ₹1,417.10, the last close before it, on 28 Jul. Nifty 50 is measured over the same sessions.

  • WHEELS close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
WHEELS closes around the bulletin against the close before the news, with Nifty 50 rebased to it108414171750axis spans 61%before the news · 28 Jul1417Nifty 50WHEELSbulletinD0+1+3+522 Jul3 Aug12 AugReference close ₹1,417.10. 16 sessions from 22 Jul to 12 Aug; the price axis spans 61 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before28 Jul₹1,417.10basebase
On the day29 Jul₹1,434.50▲ +1.2%▲ +1.1%+0.1 pp difference
+1 session30 Jul₹1,411.70▼ −0.4%▲ +1.4%−1.8 pp difference
+3 sessions3 Aug₹1,415.70▼ −0.1%▲ +3.3%−3.4 pp difference
+5 sessions5 Aug₹1,429.60▲ +0.9%▲ +2.7%−1.8 pp difference
Gap at the open, % · ₹
▲ +0.1%+0.85 on 29 Jul
Day's range, % · ₹
2.4%≈ 34 high to low
Volume on the day
0.44×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · WHEELS on the desk →

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