Page 4 - M&m

Stocks to watch: Adani Ports, NMDC, HDFC Life, Apollo Hospitals, PTC Inds

Stocks to watch on May 31, 2023: From Adani Ports to Sun Pharma, here are top stocks to watch in Wednesday's trading session

Mahindra Q4 PAT at Rs 2,637 cr; FY23 profit rises 56% to Rs 10,282 cr

Mahindra & Mahindra on Friday said its consolidated profit after tax increased by 18 per cent to Rs 2,637 crore for the fourth quarter ended March 31, riding on the back of robust performance across automotive, farm equipment and financial services business verticals. The Mumbai-based company had reported a profit after tax (PAT) of Rs 2,237 crore in the January-March quarter of 2021-22 fiscal. Revenue increased to Rs 32,366 crore for the fourth quarter of FY23, as compared to Rs 25,934 crore in the year-ago period. For the year ended March 31, 2023, the company posted a consolidated PAT of Rs 10,282 crore, up 56 per cent, from Rs 6,577 crore in FY22. The company said the FY23 profit is the highest-ever profit reported by the company in a fiscal year. Revenue rose to Rs 1,21,269 crore last fiscal, as against Rs 90,171 crore in 2021-22 fiscal, an increase of 34 per cent. "It has been a blockbuster year for the group. Auto led the way with record-breaking launches, as we regained .

Maruti rolls out first Jimny out of Gurugram plant, deliveries next month

Maruti hopes to rival Mahindra Thar with its simple, practical and no-nonsense off-roader which is based on a ladder-frame chassis giving it a traditional SUV character

TMS Ep425: Go First, M&M EV, aviation stocks, confidential IPO filing

What does Go First's demise mean for flyers? Can M&M catch up with Tata Motors in EV space? Will IndiGo, SpiceJet fly high as Go First goes off radar? What is confidential IPO filing? Answers here

Looking for long-term partner for EV biz: M&M exec director & CEO Jejurikar

We had already re-engineered our ICE portfolio to meet the norms. We needed to sell a small number of EVs to meet the target for 2022-23, says Rajesh Jejurikar, executive director, M&M

Mahindra can't build Scorpio fast enough; plans a boost in production

Data for February 2023 shows the waiting period is around 25-26 months for some high-in-demand variants of the Mahindra Scorpio

As VW prepares to launch ID.4 in India, a look at world's best-selling EVs

The electric crossover was unveiled globally in 2021. It was also a part of the 2020 Auto Expo

Former Jio-bp executive Kedar Apte to head M&M's global farm business

Apte comes from Jio-bp (a joint venture between Reliance & bp for mobility in India). He was working as the chief marketing officer at Jio-bp

Four months in waiting, Mahindra Thar to cost up to Rs 1.05 lakh more

The price for the base variant of the Mahindra Thar, which stands at Rs 13.49 lakh (all prices are ex-showroom), remains unchanged

Mahindra unit in Bangladesh winds up operations, ceases to exist

Mahindra & Mahindra on Tuesday said its wholly-owned unit Mahindra Bangladesh Pvt Ltd has ceased to exist. Mahindra Bangladesh Pvt Ltd (MBPL) convened the final extraordinary general meeting of its shareholders on March 14, 2023 and approved the final voluntary winding up, Mahindra & Mahindra (M&M) said in a statement. Hence, MBPL has been liquidated and has ceased to be in existence with effect from March 14, 2023, it added. MBPL had zero income from operations as on March 31, 2022. The net worth of MBPL, as on March 31, 2022 stood at Rs 3.18 crore, constituting 0.01 per cent of the consolidated net worth of the Mumbai-based auto major, M&M noted. The shareholders of MBPL, at a meeting held on September 14, 2022, had passed a resolution proposing winding up of the unit and appointment of a liquidator for completing the process of winding up. Thereafter, MBPL did not undertake any business operations. M&M had incorporated MBPL in 2019 to carry multiple activities, .

Mahindra CIE tanks 9% after block deal of 6.2% equity

At 09:15 AM; around 23.63 million equity shares representing 6.23 per cent of total equity of MCIE changed hands via block deal on the BSE.

Stocks to Watch: M&M, Reliance, Sapphire Foods, CE Info, BEL, Hind Zinc

Stocks to Watch: M&M has entered into an asset transfer agreement for certain identified assets related to four-wheeler passenger electric vehicles with Mahindra Electric Automobile

Stocks to watch: M&M, Nykaa, SAIL, Sun Pharma, NALCO, Oil India, Tata Steel

Stocks to watch today: SAIL, Nykaa, Power Finance Corporation, Gujarat Gas, Castrol India, Campus Activewear will report the October-December quarter (Q3FY23) results

Sensex dips 124 pts, smallcaps shine; Paytm cracks 9%, Tata Motors up 2%

CLOSING BELL: HCL Tech (down 2.7 per cent), Tata Steel, Reliance Industries, Wipro, ITC, ICICI Bank, Infosys, and HUL were top Sensex losers

Stocks to Watch: LIC, Zomato, Adani group, Varun Beverages, Voltas, M&M

Stocks to Watch: As per reports, MSCI on Thursday evening said it had cut its determined free float for four companies in the Adani Group: Adani Enterprises, Adani Total Gas, Adani Transmission & ACC

M&M's Q3 revenues may rise up to 42% YoY, fall in RM prices to aid margins

On the bourses, shares of M&M declined 1.4 per cent in Q3FY23, whereas peers like Maruti Suzuki, and Tata Motors slipped up to 4 per cent

Budget delivers a big boost for consumption-related stocks: Analysts

The Budget has put more money in the hands of the people through relief from Income Tax, which is a very positive step, analysts said

Maharashtra govt approves M&M proposal to set up Rs 10k-cr EV plant in Pune

The two sides signed an agreement to this effect at the World Economic Forum in Davos on Wednesday, M&M Ltd said in a statement

Consumer Index sees trend reversal ahead of Budget; M&M, ITC near breakout

If the moving average continues to bolster the index, the reversal could see most of the consumer index stocks performing better

Sensex ends 563pts up at 60,656, Nifty above 18,050; L&T, HUL rise up to 3%

CLOSING BELL: Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 per cent