News Overview

March core sector came in lower than expected, but still closed FY24 with 7.51% core sector growth

In terms of sectors, auto, metal, oil & gas, and power each saw gains of around 1%, while the banking and realty indices closed marginally lower.

According to the MoU, NYL will subscribe to equity shares of Max Towers Private Limited (MTPL) and Pharmax Corporation Limited (PCL) for approximately ₹565.25 million and ₹347.56 million, respectively.

The tractor maker's standalone net profit surged by 48.75% to ₹277.27 Crore, with a 2.5% rise in revenue from operations to ₹2,320.35 Crore in Q3 FY24 compared to Q3 FY23.

For the fiscal year 2023–2024, the firm announced a dividend of ₹6 per equity share with a face value of ₹2.

Revenue from operations witnessed a notable increase, reaching ₹8,893.99 Crore in the March quarter, marking an 11.65% rise from ₹7,965.98 Crore in the same period last year.

GE T&D India hopes to provide a complete turnkey solution covering hundreds of OPTCL substations with this project.

On May 2, at around 1:15 p.m., M&M's shares were trading higher at ₹2,197 a share, up 1.89% from the previous close on the NSE.

In the broader market, the BSE MidCap increased by 0.95%, and the BSE SmallCap gained by 0.42%.

Eicher Motors, the listed parent of Royal Enfield, reported selling 81,870 motorcycle units in April 2024, marking a 12% increase from 73,136 units in April 2023.