Godrej Consumer's stock has been trading with a corrective bias for the last three weeks
Ather is now entering an aggressive expansion phase and is looking to scale to 20 cities by the end of 2021
Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.
March and April were the cruellest for automakers because of a nationwide lockdown. As economic begins to pick up, Surajeet Das Gupta explains how automakers can get business in these uncertain times
Analysts expect the company to be least impacted by the Covid-19-led disruptions given their relatively strong recovery in the rural consumption basket.
"The financial strength of the company augurs well and will help it successfully navigate itself into the future despite these trying times," said Chairman Pawan Kant Munjal
Munjal said the road to recovery is going to be "rocky" and uneven because there will be sectors that will not recover.
During the June quarter, all the Nifty 50 components, but four posted gains. Market players said most stocks making positive contribution is a healthy sign for the market
The two-wheeler bellwether reported wholesale dispatches for the month of June at 4.5 lakh units, up from 1.12 lakh units sold in May.
Maruti Suzuki India, the country's largest carmaker, on Wednesday reported a 53.8 per cent year-on-year decline in domestic passenger vehicle sales to 51,274 units in June due to Covid-19 crisis
The company had sold 6,16,526 units in June 2019 while it has despatched 1,12,682 units in May 2020
Analysts at ICICI Securities believe HMCL has potential growth tailwinds in H2FY21 from rural recovery and downtrading in motorcycles
TVS Motor Co is continuing with its cost reduction efforts of previous quarters, the company's management told analysts last month
Company's prospects dented by lack of firm demand trend
Firm says retail uptick has been very encouraging; Hero hopes to clock 80% volume of what it was doing before the pandemic struck, in June
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ICICI Securities downgraded the stock from 'Add' to 'Hold' with the revised target price of Rs 2,386
ICICI Securities downgraded the stock from 'Add' to 'Hold' with the revised target price of Rs 2,386
For the fiscal year ended March 31, the company posted a consolidated PAT of Rs 3,641.12 crore as compared with Rs 3,451.37 crore in the previous fiscal
All that happened in the markets today