Page 7 - M&m

M&M extends rally to hit a new high; stock up 63% from 52-week low levels

While the food prices continue to remain high, the company believes that a better compensation for farmers would create a positive sentiment and lift demand for tractors and agri-implements

Sensex down 1457pts, Nifty gives up 15800 on global rout, ahead of CPI data

CLOSING BELL: The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS

Stocks to watch: M&M, IDBI Bank, Dhanlaxmi Bank, Adani Green, RBL Bank

Stocks to watch today: Dhanlaxmi bank saw no outcome or resolution in their EGM meeting; Media stocks are expected to hog limelight ahead of day 2 of IPL's media rights auction.

Strong utility vehicle growth trajectory to drive M&M's FY23 performance

Revival in tractors, improvement in supply, and margin gains are other key triggers for the auto major

M&M hits new high; rallies 12% in three days on healthy demand prospects

While the outlook for tractors has improved, analysts expect the auto business to be the key growth driver over the next couple of years.

RIL, IT stocks propel Sensex 1,041 pts up; Nifty tops 16,650; Ethos dips 9%

CLOSING BELL: Among individual stocks, Titan, Infosys, M&M, L&T, Reliance Industries, HCL Tech, TCS, and Tech M were the lead gainers

Stocks to watch: RIL, Adani Green, Tata Motors, M&M, Delhivery, LIC, ONGC

Stocks to watch: Crude oil-related stocks will hog the limelight today as Brent crude has surged past $120/barrel-mark

Auto stocks gain on fuel price cut; Maruti, Ashok Ley, M&M gain up to 5%

Analysts also believe that the government's export duty hike on steel and plastic bodes well for the auto sector due to elevated commodity inflation.

Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%

CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations

Sensex soars 1,047 pts, Nifty tops 17,250; HDFC jumps 5.5%, Paytm drops 6%

CLOSING BELL: JSW Steel, Titan Company, SBI Life, RIL, Kotak Bank, Tata Consumer Products, Tata Steel, Nestle India, and Eicher Motors were the other notable gainers

M&M signs pact with IIT Madras-incubated entity to launch campers in India

Many other state governments are expected to announce its Caravan tourism programme shortly

JM Financial gives 'buy' call for Hindalco, M&M, Zomato, and 3 others

Brokerage and financial firm JM Financial Institutional Securities has given a 'buy' call for Hindalco Industries, Mahindra & Mahindra, Zomato, Bharat Forge, Prestige Estates, and Gujarat State Petronet.

Mahindra's Q3 net rises over two-fold on strong operational performance

M&M's tractor volumes during the quarter declined to 91,769 units over 100,696 units in the same period a year ago

Top headlines: Das says cryptos have no underlying value; M&M Q3 net surges

Here are the top headlines on Thursday

M&M reports over two-fold increase in Q3 PAT at Rs 1,353 cr

Homegrown auto major Mahindra & Mahindra (M&M) on Thursday reported over two-fold increase in its standalone profit after tax (PAT) at Rs 1,353 crore for the quarter ended December 31, 2021. The Mumbai-based company had posted a standalone PAT of Rs 531 crore in the October-December period of previous fiscal. Revenue for the third quarter rose by 8 per cent to Rs 15,239 crore, as against Rs 14,057 crore in the year-ago period, M&M said in a regulatory filing. The company said it sold 1,18,174 vehicles during the period under review, down 2 per cent from 1,21,133 units in the third quarter of last fiscal. M&M tractor sales declined by 9 per cent to 91,769 units in the third quarter, as against 1,00,696 units in the year-ago period. On a consolidated basis, the Mahindra Group reported a PAT of Rs 1,987 crore, as compared to Rs 1,268 crore in the Q3 of 2020-21. Revenue rose to Rs 23,594 crore in the third quarter, as against Rs 21,626 crore in the year-ago period. "We ...

South Korea's SsangYong Motor sold for $255 mn to local consortium

SsangYong has been under court receivership since April in an attempt to rehabilitate the carmaker after majority owner M&M failed to secure a buyer

New year cheer for indices! Sensex above 59K, up 929 pts; Nifty atop 17,600

The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5

Auto shares: Tepid Nov sales may put M&M, Maruti, TaMo in accumulation mode

Stocks bearing breakout on moving averages, price strength and technical indicators are ready to see steady upside of up to 9 per cent

Sensex dips 80pts, Nifty holds 18K; Nykaa ends 96% higher over issue price

Debutant Nykaa almost doubled from its issue price of Rs 1,125 at the day's high of Rs 2,248, and finally ended with a 96 per cent premium over its issue price

M&M Q2 standalone net surges over 8-fold to Rs 1,432 cr; revenue rises 15%

Homegrown auto major Mahindra & Mahindra (M&M) on Tuesday reported an over eight-fold increase in its standalone profit after tax (PAT) at Rs 1,432 crore for the second quarter ended September 30, 2021, riding on the back of robust sales. The Mumbai-based company had posted a standalone PAT of Rs 162 crore in the July-September period of previous fiscal. Revenue for the second quarter rose by 15 per cent to Rs 13,305 crore as against Rs 11,590 crore in the year-ago period, M&M said in a regulatory filing. The company said it sold 99,334 vehicles during the period under review, up 9 per cent from 91,536 units in the second quarter of last fiscal. M&M tractor sales however declined by 5 per cent to 88,920 units in the second quarter as against 93,246 units in the year-ago period. On a consolidated basis, the Mahindra Group reported a PAT of Rs 1,929 crore as compared with Rs 615 crore in the Q2 of 2020-21. Revenue rose to Rs 21,470 crore in the second quarter as ...