Shares of SML Mahindra Ltd. remained locked in the 20% upper circuit for a second consecutive session on Thursday, July 30, extending Wednesday’s sharp gains after parent Mahindra & Mahindra (M&M) unveiled a major restructuring of its commercial vehicle business. The rally follows M&M’s board approval to transfer its Mahindra Truck & Bus Division (MTBD)…
US bond yields hit 19-year high. Will a weaker dollar boost emerging markets like India, gold, and oil, or will FPIs remain cautious? The yield on the 30-year US sovereign bond rose to nearly 5.23%, the highest since 2007, as the market grew increasingly concerned that the American central bank may not be able to…
Mahindra & Mahindra Ltd., (M&M), the automotive and tractor giant, reported results for the June quarter on Thursday, July 30, which were mostly in-line with analyst expectations. The stock has jumped over 3% in response to the numbers. Revenue for the June quarter stood at ₹41,920 crore, implying a growth of 23% from last year’s…
Westlife Foodworld, which operates McDonald’s restaurants across West and South India, reported a mixed start to FY27 as steady sales growth was offset by weaker profitability and a modest contraction in operating margins. While the company continued to benefit from higher customer spending and network expansion, earnings remained under pressure, prompting a muted reaction from…
Mahanagar Gas Ltd. reported a mixed set of earnings for the June quarter, with a sharp sequential improvement in profitability helping lift investor sentiment despite a weaker year-on-year performance. The company delivered higher revenue and a meaningful recovery in margins compared with the March quarter, prompting shares to rally more than 4% during Thursday’s session….
Maruti Suzuki India has commenced commercial production at the fourth plant of its Hansalpur facility in Gujarat, increasing the site’s annual production capacity to 1 million vehicles and taking the company’s total manufacturing capacity to 2.9 million units per year. The new plant, with an annual production capacity of 250,000 units, began operations on Thursday…
Deepak Fertilisers and Petrochemicals Corporation (DFPCL) reported a rise in its June quarter earnings, with consolidated net profit more than doubling year-on-year, supported by higher realisations across its chemicals business and improved operating margins, despite geopolitical disruptions during the quarter. The company’s consolidated net profit for the June quarter rose to ₹490 crore from ₹243…
ICRA shares gained on Thursday, July 30, even as the company reported a largely negative June quarter. Barring its net profit, ICRA witnessed losses across all its other key parameters on a sequential basis. Sequentially, ICRA’s consolidated net profit rose 7.15% to ₹56 crore from ₹53 crore in the March quarter. However, revenue from operations…
Shares of Indian Railway Finance Corporation (IRFC) were trading 0.28% lower at ₹88.88 on Thursday, July 30, after the state-run financier reported its June quarter earnings. The stock has declined nearly 29% so far this year. For the first quarter, net profit increased 10.4% year-on-year to ₹1,927 crore, compared with ₹1,746 crore in the same…
The Mahindra Groupsaid it will judge the success of its artificial intelligence (AI) strategy by its impact on revenue, costs and customer experience, rather than treating AI as a standalone technology initiative, as it executes 15 large-scale AI transformation projects across its businesses. Speaking during the company’s earnings press conference, the management said AI must…
