News Overview

According to the corporation, the value-added segment's contribution rose from 56% in FY23 to 58% in FY24. It stated that APL Apollo's de-commoditization strategy is still in place.

Tarun Garg, COO of Hyundai Motor India, attributed the sales performance to the diverse product lineup's great acceptance.

For the fiscal year 2023-24, Toyota Kirloskar Motor reported record-breaking wholesales of 2,63,512 units, reflecting a remarkable 48% increase from 1,77,683 units in 2022-23.

In recent times, many stocks have surged despite promoters paring their stakes.

For the quarter ended December 2023, Globus Spirit reported a 64.8% year-on-year surge in net profit to ₹44.4 Crore, accompanied by a 16.1% YoY increase in net sales to ₹687.5 Crore.

Financially, the company has demonstrated growth, with a net profit of Rs 18.75 crore in FY23, up from Rs 17.57 crore in the previous fiscal year. Revenue also witnessed a notable increase, rising from Rs 263.3 crore in FY22 to Rs 300.3 crore.

The automaker reported that IT saw a year-over-year increase in sales of about 14% in FY 2023–2024 compared to FY 2022–2023.

The Nifty Media index surged 2%, with support from Dish TV, Zee Entertainment Enterprises, and Network 18 Media & Investments.

A news statement stated that domestic ports contributed more than 408 MMT of cargo to this figure.

Sales of three-wheelers fell to 5,279 units in March 2024 from 5,697 units in the same month the previous year.