SSSG for V-Mart (core) and Unlimited improved for the third consecutive quarter, reaching 12% and 8%, respectively, in the June quarter.
In today's market 1540 stock advances at the time of writing, while 797 stocks faces decline.
The IPO is valued at ₹745 Crore and consists of a fresh issue of 2.91 Crore shares. The subscription period will close on Friday, July 5, 2024.
As of June 30, 2024, Mahindra & Mahindra Financial Services had a healthy liquidity position with a balance sheet totaling over ₹8,000 Crore.
In June 2023, the company had dispatched 5,080 units to its dealers in the domestic market.
On the operating front, the company's EBITDA (earnings before interest, tax, depreciation, and amortization) rose by 5.9% to ₹64.9 Crore.
Airtel recently acquired 1% of Indus for ₹862 Crore, increasing its holding to 48.95% and moving closer to majority ownership.
Investors can place bids for a minimum of 14 shares and in multiples of 14 shares.
Avenue Supermarts' consolidated net profit for the quarter ended March 2024 increased 22.4% to ₹563 Crore from ₹460 Crore in the March 2023.
The solar project will be located in Rajasthan and will connect to the central grid, providing clean energy to approximately 400,000 households annually.
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