Last year, this mutual fund had to quickly realign a fifth of its portfolio to adhere to the revised asset allocation norms for multi-cap funds. Its earlier large-cap heavy stance has been toned down to accommodate 25% exposure to both mid-and small caps.
›M&M and MVML Q4 results: Companies report combined net profit of Rs 163 cr, beat estimates; to pay Rs 8.75 dividend
M&M and MVML Q4 results: Companies report combined net profit of Rs 163 cr, beat estimates; to pay Rs 8.75 dividend
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M&M and MVML Q4 results: Companies report combined net profit of Rs 163 cr, beat estimates; to pay Rs 8.75 dividendETMarkets.com
Last Updated: May 28, 2021, 02:44 PM IST
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Synopsis
M&M and MVML’s combined revenues in the quarter rose 48 per cent on-year to Rs 13,338 crore, reflecting the strong demand environment for tractors and automotives.
Agencies
The company’s board also approved a final dividend worth Rs 8.75 per share for the financial year ended March 2021.
The youth are considered the future of any society and a country. Over 64 percent of the population of Pakistan is below the age of 30 years, one of the largest young populations in the world. This.