Auto stocks lead the rally on expectations of strong quarter numbersMoneycontrol • 8 days ago
Most OEMs are expected to report a sequential EBITDA margin expansion led by improving product mix and operating leverage
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The company's total dispatches to its dealers stood at 66,041 units in March 2023.
While M&M prioritizes maximising shareholder value through synergies, Shah says the group can consider a demerger if it promises greater value but such deliberations are not on the immediate agenda
Pastel held 10.23 percent stake in Bharti Airtel til December 2023
M&M said on March 6 the family was looking for liquidity for specific needs and proposed to sell a small number of shares held by PMSL in the company
"The block deal has been launched, and the offer price range is Rs 1911.5 per share to Rs 1970.65," said one of the people cited above, requesting anonymity.
SBI Life Insurance Company ended at new closing high and formed strong bullish candlestick pattern with healthy volumes on the daily timeframe, after a decisive breakout of horizontal resistance trendline.
M&M shares have risen 11% in October to December quarter, which is equal to returns of Nifty 50 in the same period
Existing investor at Mahindra Susten, OTPP (Ontario Teachers' Pension Plan) is likely to hold around 33 percent stake in the InvIT post additional investments in the structured transaction. Mahindra Susten is likely to hold about 15 percent of the business trust and the remaining will be with Mahindra Group.
M&M currently holds 4.6 lakh compulsory convertible preference shares (CCPS) of Zoomcar India, accounting for 9.83 percent of its share capital.