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M&HCV segment witnessed mixed performance while LCV segment witnessed near double digit de-growth leading to overall de-growth in CV space.
Titan and Escorts look promising on the charts, while Star Health and Allied Insurance, Nazara Technologies and Rallis India need to conquer major hurdles for further gains, technical charts suggest.
Stocks to Watch Today: Bajaj Auto to consider share buyback on June 14 after 22 years; The 30-day lock-in period for anchor investments in LIC IPO ends on June 13.
The company, which has started exporting electric tractors to markets like the US and Europe, expects it to contribute up to 15 per cent of its overall overseas shipments in the next five to six years
Farm machinery and construction equipment major Escorts Ltd on Friday reported a 28.42% decline in consolidated net profit at Rs 189.98 crore in the fourth quarter ended March, impacted by lower sales
Shares of the Manyavar-brand owner Vedant Fashions to debut on the bourses on Wednesday.
The company had posted a consolidated net profit of Rs 286.42 crore in the same quarter last fiscal
Farm machinery and construction equipment major Escorts Ltd on Wednesday reported a 30% decline in total tractor sales at 7,116 units in November 2021.
In a Q&A, Nikhil Nanda dwells at length on the deal with Japanese agri-machinery major Kubota and the value it will create for the stakeholder of his company
Japan-based Kubota invests Rs 1,874 crore to acquire 9.66 mn shares through preferential route at Rs 2,000 per share
NBFCs may be in focus today on reports of 17 per cent YoY growth in sanctioned loans in Q2FY22
Godrej Properties has witnessed an Inverted Head & Shoulder pattern breakout on daily chart post taking support near its long-term EMA, indicating bullish sentiment in the counter
The RSI is indicating strength with a trend reversal to make the Escorts chart look attractive with potential upside scope in the coming days
Business Standard brings you stories that made the headlines on Friday
Maruti's stock has sneaked below its 200 DEMA but, on the weekly scale, it has tested its 200 week EMA which is a much stronger support
Higher exports, non-agri usage could add to domestic growth
The company's domestic sales rose to 6,750 units from 3,763 units
The company's management remains optimistic for the coming festive months
Gains in market share, margins, and new launches are already priced in
Consolidated revenue from operations during the quarter under review stood at Rs 1,089.26 crore as compared to Rs 1,440.45 crore in the year-ago period