The business intends to use the net funds from the new offering to develop its Dhule plant, repay debt, and for other general corporate reasons.
The flat net profit and modest revenue growth reflect the tough operating environment during the quarter.
The rupee weakened on the back of dollar stability but higher India CAD expectations
The full Union Budget 2024-24 on 23-July is likely to set the tone for the markets in the coming week
India's full Budget may increase spending due to higher dividends from the RBI, maintaining the fiscal deficit target while boosting growth.
FPIs net bought $1,845 Million in the week to July 19th, taking the equity infusion over last 6 weeks to $8.65 Billion
The company plans to introduce the VIDA electric scooter to international markets, building on its success in India, as noted by Executive Chairman Pawan Munjal.
For the second week in a row, the story was all about the large caps, as mid-caps saw deep cuts in the week
The company faced challenges with lower GRMs impacting profitability.
Indian markets are expected to open lower today due to pre-budget jitters and profit booking after recent gains.
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