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Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year.
Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY).
However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected. ....
So far in this calendar year, shares of Oberoi Realty have risen about 1% compared to a 2% decline in the Nifty Realty index. The firm s relatively higher exposure to luxury housing segment, which is often less impacted by increasing home loan rates, is considered a supporting factor for the stock ....