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May 2 5 tweets 1 min read Twitter logo Read on Twitter
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.
⭐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.
⭐ 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.
⭐ 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.

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More from @upstox

May 4
Adani Ports’ robust April, Godrej Properties’ positive Q4, Tata Chemicals profit and revenue up.

A short 🧵on the top trending stories of the hour.
⭐ Adani Ports’ robust April
The port operator handled 32.3 million metric tonnes (MMT) of cargo in April. This represents an increase of 12.8% YoY. This growth was supported by a 13.6% rise in container volumes.
The company said that investments in rail infrastructure at the ports had led to an improvement in operational performance.
Read 9 tweets
May 3
M&M Fin’s robust April, Bombay Burmah falls on Go First insolvency, Lemon Tree reveals expansion plans. A short 🧵on the top trending stories of the hour. #MarketUpdate
⭐ M&M Fin’s robust April
Mahindra & Mahindra Finance (+1.3%) reported a 39% YoY growth in total disbursements in April 2023. The company’s total disbursements stood at around ₹3,775 crore. Meanwhile, its total business assets stood at ₹83,900 crore at a growth of 1.4%.
⭐ Bombay Burmah falls on Go First insolvency
Shares of Bombay Burmah Trading Corp declined nearly 10% intraday. This comes after Go Airlines (India), operating as Go First airlines, has filed for insolvency proceedings. Bombay Burmah holds a 32.6% stake in the✈️via subsidiaries.
Read 5 tweets

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