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Source: Live Mint Apollo Tyres Ltd.’s ride in CY24 so far has been tough. Its stock is up a mere 6%, significantly behind the Nifty Auto Index’s 26% returns. The company’s poor September quarter (Q2FY25) results indicate this wide gap is unlikely to be bridged soon. The company struggled with weak margins and muted demand…
Source: Live Mint Dividend stocks: Shares of major companies, such as ONGC, Asian Paints, Ashok Leyland, MRF and others, are scheduled to trade ex-dividend starting on Monday, November 18, 2024, according to BSE. Some of the major companies have announced various corporate actions, including the extraordinary general meetings (EGM), resolution plan, and stock split, according…
Source: Live Mint Tyre-maker MRF on Friday reported a 19 per cent on-year decline in consolidated net profit at ₹470.70 crore for the quarter ended September 30, 2024. The company had reported a consolidated net profit of ₹586.60 crore in the second quarter of the previous fiscal year, according to a regulatory filing. Consolidated revenue…
Source: Live Mint In the special Muhurat trading session held on Friday, November 1, the Nifty Auto index closed over 1 percent higher, buoyed by a recovery in auto sales reported for October 2024. The festive momentum was reflected across the market, with Nifty Auto rising as much as 1.24 percent to 23,805.60, outperforming the…
Source: Live Mint The auto sector has delivered a stellar performance over the past year. Since Samvat 2080, the Sensex has risen 23 per cent, while the BSE Auto index has surged 50 per cent. Year-to-date (YTD), the auto index has rallied 31 per cent, significantly outperforming the benchmark’s 11 per cent rise. Falling commodity…
