In another development this year, Hero MotoCorp has come under government scrutiny.
Standalone net profit for the quarter declined by 5.9% to Rs 3,542.7 crore compared to last year
According to a press release, the bank sold the 15-year infrastructure bonds on Monday with a rate of 7.54%, marking an aggressive spread over the similar government security curve of such a tenure.
Mahindra also invests about Rs 12 crore in its Software Defined Vehicle Centre in Coimbatore.
The company intends to fund both residential and commercial projects, keeping the fund size between $100 million and $200 million.
According to a Civil Aviation Ministry press statement, Air India and IndiGo parent Interglobe Aviation have received in-principle approval for the import of 470 and 500 aircraft, respectively.
Recommendation: Add; Target Price: Rs 10250
The Nifty once again rallied in the month of July 2023 to close at 19,754 levels, gaining a full 2.94% in the month.
Good show likely from the company.
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