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M&M Finance’s shares surge, India’s manufacturing PMI hits 4-month high, Robust domestic sales rescue Bajaj Auto. A short 🧵on the top trending stories of the hour. #MidMarketUpdate
⭐Robust domestic sales rescue Bajaj Auto
Shares of the automaker rose more than 1% intraday. This comes after the company’s domestic two-wheeler sales surged 95% YoY to 1.8 lakh units. However, its overall two-wheeler sales were almost flat, rising just 2% to 2.8 lakh units.
Shares of the automaker rose more than 1% intraday. This comes after the company’s domestic two-wheeler sales surged 95% YoY to 1.8 lakh units. However, its overall two-wheeler sales were almost flat, rising just 2% to 2.8 lakh units.
⭐Adani Green Q4 net profit zooms
Shares of Adani Green Energy saw a 2.6% rise in morning trades following strong Q4 results posted by the company. The company registered a 319% jump in its net profit to ₹507 crore, while total income stood at ₹2,988 crore, up 88% YoY.
Shares of Adani Green Energy saw a 2.6% rise in morning trades following strong Q4 results posted by the company. The company registered a 319% jump in its net profit to ₹507 crore, while total income stood at ₹2,988 crore, up 88% YoY.
⭐ M&M Finance’s shares surge
Mahindra and Mahindra Finance saw an intraday surge of over 5% after reporting a 14% YoY rise in its net profit to ₹684 crore. Meanwhile, the company also announced a dividend of ₹6 per share.
Mahindra and Mahindra Finance saw an intraday surge of over 5% after reporting a 14% YoY rise in its net profit to ₹684 crore. Meanwhile, the company also announced a dividend of ₹6 per share.
⭐ India’s manufacturing PMI hits 4-month high
India’s manufacturing Purchasing Managers' Index (PMI) rose to a four-month high of 57.2 in April from 56.4 in the previous month.
India’s manufacturing Purchasing Managers' Index (PMI) rose to a four-month high of 57.2 in April from 56.4 in the previous month.
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