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.This indicates a bullish sentiment in these counters as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased.
Sharekhan prefers stocks such as Ashok Leyland, Tata Motors, Hero MotoCorp, M&M and Maruti Suzuki. Tata Motors and Ashok Leyland are our top OEM picks, the brokerage said.
VDIA With M&M: The centre is being dubbed as the first training institute of its kind specializing in giving training in the field of tractor maintenance. There are plans to start three more such centres across the state.
Marquee investor Ashish Kacholia sold part of his stake in aesthetic solutions provider SJS Enterprises for Rs 11.6 crore through the open market on Friday.
Mahindra & Mahindra has been fined over Rs 14.3 lakh ($20k) for taking incorrect input tax credit during the transition to the GST regime by Mahindra Vehicle Manufacturers, which has since been merged into it. The company is hopeful of a favourable outcome at an appellate level, as it does not expect the order to have any significant financial impact, M&M said in a regulatory filing. The order was given on 20 July, 2023, and the fine must be paid along with interest in line with the applicable CGST Act of 2017.