Recommendation: Add; Target price: ₹3850
Tractors were down ~15% YoY, due to weak demand in the festive period and high dealer inventory, following sub-optimal rains.
Ambuja’s consol Ebitda grew 70% YoY and 33% QoQ to Rs17.3bn – inline with estimates.
With nine months gone, the Indian fiscal deficit has been well and truly under control in this fiscal.
Tractor sales have suffered this month due to the postponement of Rabi sowing and decreased water reservoir levels
Sales of motorcycles were 3,54,658 last month compared to 3,56,749 during the same period last year.
Recommendation: Add; Target price: ₹270
On Thursday, Paytm's stock closed 20% down from where it started.
Domestic sales within this category spiked by 24%, reaching 268,233 units for the month
The US dollar fell vs a group of currencies before to the announcement, continuing a 0.5% decline from the previous trading day.
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