The US dollar fell vs a group of currencies before to the announcement, continuing a 0.5% decline from the previous trading day.
Domestic sales within this category spiked by 24%, reaching 268,233 units for the month
On Thursday, Paytm's stock closed 20% down from where it started.
Tractor sales have suffered this month due to the postponement of Rabi sowing and decreased water reservoir levels
Recommendation: Add; Target price: ₹3850
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.
Recommendation: Add; Target price: ₹270
With nine months gone, the Indian fiscal deficit has been well and truly under control in this fiscal.
Ambuja’s consol Ebitda grew 70% YoY and 33% QoQ to Rs17.3bn – inline with estimates.
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