The auto major posted a 19.10% rise in gross sales at Rs 36,694.20 crore during the quarter under review. Net profit of Bajaj Auto also increased 17.99% YoY to Rs 2,011.43 crore.
Tech Mahindra to merge Born Group and Tech Mahindra (Americas) for efficiency and risk reduction. Pending approvals. Effective April 1, 2024, no cash or new shares. Synergy in operations, USD 55.08M and USD 1,201.37M turnovers.
In a recent note, brokerage house Ambit Capital noted that the March quarter (Q4) outlook doesn’t suggest immediate recovery for IT. It prefers Tier-1 IT over Tier-2 IT.