M&M Q4 cons profit tanks 39% to Rs 586 cr.
M&M matched street expectations a propos Friday. Consolidated profit plunged 39.4 percent year-upon-year to Rs 586 crore crore, impacted by lower revenue
Profit was conventional at Rs 560 crore or revenue of Rs 8,602 crore for the quarter, according to the average of estimates of analysts polled
Operating profit in March quarter tanked 36.5 percent to Rs 1,004 crore and margin compressed by 300 basis points to 11 percent compared to the same quarter last year.
The Market finished first day of June series in the same way as a bang. The Nifty done up 114.65 points or 1.4 percent at 8433.65 even if the Sensex was taking place 321.73 points or 1.1 percent at 27828.44.
The last daylight of the week, Market in the assert has returned. Sensex and Nifty closed at the upper level of the morning. Market experts declaration that the subsidiary series of the domestic fund quarters buy space is intensely developed. Also expected to access interest rates to prop taking place the banking and auto stocks found.
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ONGC approves buyback worth up to Rs 4,022 crore at Rs 159 per share and set January 4 as record date for buyback.
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