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TRACTOR PRICE REDUCTION
Vedanta may have a couple more tranches of promoter-driven selling; stock likely to bounce back in 1-2 weeks: Ambareesh BaligaVedanta shares saw a significant drop following a large block deal, but analysts suggest the selloff is temporary. Promoter entity Twin Sta...- ET Prime Special Series: Multibagger or Bankrupt - Part 58: The ICE veteran that quietly became an EV lightweighting storyMost auto ancillary investors think linear. Company makes Component X. EV disrupts Component X. Stock goes down. Every story does not fit t...
- Wealth creation is also about ignoring noise on the street: 15 mid- and small-cap stocks from different sectors which fit the billIn the April 2022-September 2024 bull market, every management appeared capable. Margins expanded, working capital looked manageable, capit...
- Auto sales jump 13% to 2.61 million units on strong demand tailwindsVehicle sales saw a significant 13% jump last month, reaching 2.61 million units. This surge marks the best-ever April for most vehicle cat...
- Fuel shortages from Iran war threaten Asia’s biggest food stapleIran War: Farmers across Southeast Asia face a crisis as missiles flew in th Middle East. Soaring fuel and fertilizer prices, driven by the...
- Tractor makers bet on returning migrant workers to drive up salesReverse migration, driven by geopolitical tensions, is boosting India's tractor industry. Returning migrant workers are investing in tracto...
- Tractor wholesale volume may grow 15-17 pc this fiscal: ICRATractor sales are set for a significant boost this fiscal year, with wholesale volumes now projected to grow 15-17 percent. This upward rev...
- Shivraj Singh Chouhan urges tractor makers to pass on GST cuts to farmers from Sept 22Agriculture Minister Shivraj Singh Chouhan urged tractor and farm equipment manufacturers to pass on GST reductions to farmers starting Sep...
- Mahindra & Mahindra is GST 2.0’s biggest auto winner. 5 reasons whyMahindra & Mahindra shares jumped up to 9% after GST 2.0 tax cuts, with brokerages calling it the biggest auto sector beneficiary. Lower ra...
- Debt reduction, capacity addition likely to brighten prospects of Indo FarmOf the fresh issue proceeds, ₹70 crore will be used to expand the capacity of the crane unit, ₹50 crore for part debt repayment, and ₹45 cr...
- GST Rate Cut: Tax on several mass-use products may be reducedA ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance ma...
- Buy Escorts, target price Rs 898: Emkay GlobalVolumes are expected to turn positive by Aug’20, led by low base, pent up demand and better rural sentiment.
- M&M Q1 profit surges 80% to Rs 2,260 crore aided by one-time gainExcluding exceptional items, profit came in at Rs 918 crore, down 26 per cent on a yearly basis.
- Kubota JV to help escorts develop new markets, high-end productsKubota will have equity participation of 60 per cent in the JV.
- It’s rain & gain for M&M; tractors to drive earningsM&M’s management has forecast tractor volume growth of 10-12 per cent for the current fiscal.
- Buy Mahindra & Mahindra Ltd., target Rs 1713.0 : Motilal Oswal SecuritiesWith strong earnings cycle ahead in core business and potential reduction in losses of non-core business, valuations at ∼16.9x FY18E S/A EP...
- Vote on account 2014: Mahindra & Mahindra likely to benefit most from duty cut; can rally over Rs 1000Shares of M&M have remained flat so far in the year 2014, but duty cut in automobile sector should augur well for the auto giant, say exper...
- Analyst's Pick: Mahindra & MahindraAntique Stock Broking has initiated coverage on Mahindra & Mahindra with a ‘buy’ rating. According to the broking house, M&M’s stake in gro...
- Antiques puts 'buy' on Mahindra & MahindraAntique Finance has recommended a ‘buy’ on Mahindra & Mahindra with a target price of Rs. 375 from its current market price of Rs.314.
- Mahindra adds PTL to its stableMahindra & Mahindra (M&M) announced the merger of Punjab Tractors with itself on Wednesday. The move aims at reviving profits and reducing ...
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