Bajaj Auto, a leading Indian two-wheeler manufacturer, projects a positive outlook for the industry. The company anticipates a growth of 6-8% in the current fiscal year, potentially reaching the peak sales figures achieved in 2018-19 by the fourth quarter or early next year. Market Poised for Rebound Rakesh Sharma, Executive Director at Bajaj Auto, highlights …
L&T Finance Limited (LTF), a leading Indian NBFC, reported strong financial results for the first quarter of FY2025 (ending June 30, 2024). This performance highlights the company’s commitment to its “Lakshya 2026” strategy, which aims to transform LTF into a top-tier, digitally-driven, and customer-centric retail financier. Extensive Network and Deep Market Penetration LTF boasts a …
Hinduja Tech Limited (HT), a subsidiary of Ashok Leyland and a major player in mobility-focused engineering R&D services, announced a strategic move today. The company signed a definitive agreement to acquire the TECOSIM Group, a prominent engineering services provider based in Germany. This acquisition marks a significant step forward for Hinduja Tech, solidifying its position …
On July 17, 2024, Maruti Suzuki India Limited, through an exchange filing, announced that Suzuki Motor Corporation is committed to achieving a carbon-neutral world while preserving the joy of transportation. Their strategy focuses on minimising energy consumption throughout a vehicle’s lifecycle, from manufacturing and use to recycling. Championing Lightweight and Safety Suzuki’s expertise in compact, …
During Thursday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. IFCI Ltd IFCI Ltd is currently trading at Rs 84.59, up from its previous close of Rs 83.95, showing a slight increase of 0.76%. The stock hit a high of Rs 91.4 today, …
On Thursday, the market exhibited muted sentiment as benchmark indices concluded the trading day on a negative note. The Sensex dipped by 0.14 percent to 80,039.80, while the Nifty dropped by 0.03 percent to 24,406.10. The broader market also declined, with the Nifty Mid-cap closing down by 0.23 percent and the Nifty Small-cap plunging by …
On Thursday, the Indian benchmark indices concluded the trading day on a notably negative note, with the Sensex losing by 0.14% to close at 80,040, and the Nifty slipped by 0.03% to finish at 24,406. The broader market also experienced gains, as the Nifty Mid-Cap closed lower by 0.23%, and the Nifty Small-Cap slipped by …
The benchmark index S&P BSE 500 opened today at 35,966.96 and made its day high at 36,114.77, and it is trading in red today, down by more than 0.20%. From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 5% today. MMTC Ltd Shares …
Elecon Engineering Company Limited, one of the largest manufacturers of Industrial Gears, released its results for the quarter that ended June 30, 2024 For Q1FY25, Elecon reported consolidated revenues from operations of ₹392 crore, achieving an EBITDA margin of 23.5%. The company’s unwavering focus on profitability has been instrumental in its progress. Elecon delivered a …
Vimta Labs, a leading Contract Research and Testing Organisation (CRO) in India, announced its financial results for the quarter ended June 30, 2024, on July 17, 2024. The company delivered a positive performance, showcasing healthy revenue and profitability margins. Key Financial Highlights Total Income: ₹824 million, reflecting a stable revenue stream for the quarter. Profitability …
