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.
Recommendation: Add; Target price: ₹3850
Madhavan Menon, Executive Chairman, Thomas Cook (India) Limited
Recommendation: Add; Target price: ₹270
Sales of motorcycles were 3,54,658 last month compared to 3,56,749 during the same period last year.
Tractors were down ~15% YoY, due to weak demand in the festive period and high dealer inventory, following sub-optimal rains.
Shantanu Sengupta of Bandhan Bank has announced his resignation as Head of Retail Banking.
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