Sundram Fasteners Standalone Profit: In a statement on Sunday, the company said its domestic sales for the quarter ended September 30, 2023 were at INR 861.78 crore as against INR 802.45 crore registered during the same period of last year.
Sundram Fasteners Q2 standalone net rises by 5% to ₹118 crore thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Despite a lower passenger load factor, IndiGo managed to maintain its market share in the quarter. PLF for IndiGo remained muted for the second consecutive month at 83.6%. But IndiGo being able to maintain domestic market share despite lower PLFs indicates better aircraft/pilot availability with it versus other airlines, brokerage ICICI Securities said.
Exceeding the 50-day SMA is often seen as a bullish signal, suggesting potential short- to medium-term growth. On November 1, several midcap stocks displayed an encouraging sign as they surged above their 50-day SMA, hinting at possible bullish momentum.
"Prior to the FOMC meeting, the index faced selling pressure from higher levels but successfully held the 18,940 support level. Immediate resistance on the upside is identified at 19,100, and a breakout above this level may trigger short-covering moves toward the 19,250-19,300 range