EBITDA margins improved significantly to 29% during FY22 as compared to 24% in FY21.
Tata Motors rose 2.68% to Rs 441.10 after the companys subsidiary signed Memorandum of Understanding with Govt of Gujarat for potential acquisition of Ford Indias Sanand plant.
The rating agency further stated that there is no amount outstanding against the rated instrument, and the rating stands withdrawn.
The domestic equity barometers extended initial gains and hit fresh intraday high in morning trade. Positive global cues boosted sentiment. The Nifty traded a tad above the 16,600 level. All the sectoral indices on the NSE were currently trading in the green. At 10:30 IST, the barometer index, S&P BSE Sensex was up 954.37 points or 1.74% to 55,839.03. The Nifty 50 index rose 278.20 […]
The dividend is subject to the approval of shareholders.
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