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TVS Market Cap: The surge in market cap came on the heels of TVS picking up 28.57% stake in not-for-profit company Indian Foundation for Quality Management. TVS picked up 2.5 crore equity shares of INR 10 each for a total cash consideration of INR 25 crore. ....
From the Sensex pack, Infosys, Wipro, Tata Motors, UltraTech Cement, and M&M opened with gains, while Power Grid, Sun Pharma, ITC, Axis Bank, and Reliance Industries opened with cuts. ....
TVS Motor Company reported a 59% increase in its consolidated net profit to Rs 479 crore for the third quarter ended December 31, 2023, riding on the back of robust sales across markets. The company posted a consolidated net profit of Rs 301 crore in the October-December period of the last fiscal. ....
Among the Sensex stocks, Wipro, M&M, L&T, and Tata Motors were the top gainers, rising 2-5%. Maruti, Infosys, Nestle India, and IndusInd Bank also closed in the green, while Power Grid, SBI, Reliance Industries, NTPC, and Axis Bank ended with cuts. ....
SpiceJet said that it is currently in the midst of a revival plan and has successfully completed the first tranche of capital infusion amounting to Rs 744 crore, with additional subscriptions pending regulatory approval. ....