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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%.
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.
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.
⭐Lemon Tree reveals expansion plans
Hospitality company, Lemon Tree Hotels (2.7%), plans to add an additional inventory of about 2,000 rooms and over 20 hotels in FY24. As per management, the company plans to expand to 20,000 rooms by 2026.
Hospitality company, Lemon Tree Hotels (2.7%), plans to add an additional inventory of about 2,000 rooms and over 20 hotels in FY24. As per management, the company plans to expand to 20,000 rooms by 2026.
⭐B.L. Kashyap & Sons secures order
The construction company has secured a new order worth approximately ₹238 crores, bringing the total order book to ₹2518 crores. The contract was awarded by Embassy Construction for concrete and block work to be executed in 28 months.
The construction company has secured a new order worth approximately ₹238 crores, bringing the total order book to ₹2518 crores. The contract was awarded by Embassy Construction for concrete and block work to be executed in 28 months.
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