Now, it appears that most of those headwinds are largely behind. The regulatory challenges are behind and the price has largely been absorbed by the consumers.
The company is also going to give commentary about its new launches in the sports utility vehicle (SUV) space. With new launches such as Jimny, Fronx, and Invicto, Maruti has an appetite to capture the SUV pie.
The Street shrugged off a muted first quarter of financial year 2023-24 (Q1FY24) and a cautious near-term outlook by India s largest information technology (IT) services company, Tata Consultancy Services (TCS).
The stock was the top Nifty50 and Sensex gainer on Thursday, rising 2.5 per cent, as investors took comfort from a robust order book and an encouraging pipeline.
Like its larger peer, HCL Technologies (HCL Tech), too fell short of the Street s expectations on the revenue and margin fronts given cuts in discretionary expenditure.
The tech-heavy Nasdaq 100 has surged 42% since January 1, its best half-year performance in over 20 years, fuelled by a rush for artificial intelligence (AI).
Big Tech: Seven tech companies - Apple, Microsoft, Google, Amazon, Nvidia Corp, Tesla and Meta - added $3.9 trillion in market capitalisation since January 1, which is nearly 60% of the overall market capitalisation added in the US markets.