In the fiscal fourth quarter, Mahindra & Mahindra s tractor sales volumes slipped 20 percent year-on-year to 71,000 units. The company also conceded market share from the year-ago period.
Stocks to watch this week: A host of stocks would be in focus this week on account of corporate actions and quarterly earnings. SBI, Berger Paints, ZEEL, ITC, BHEL, Karur Vysya Bank, M&M & Lloyds Metals are among stocks to watch this week (August 7-11).
India’s auto sector is on a roll. While strong demand from buyers and new launches had boosted volumes, easing commodity prices enhanced margins for automakers in FY23. Better operating efficiency and price hikes have also augured well for them, experts say. Tata Motors and Mahindra & Mahindra were the top 2 automakers in terms of sales in FY23. Take a look at the other trends in Business Today magazine story
Stocks in focus today: Recovery in the US markets combined with improved participation from the IT sector has provided the needed trigger to domestic benchmark indices. Sun Pharma, Vodafone Idea, ONGC, M&M among stocks to watch on Monday, May 29, 2023.