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Shares of Tata Motors rallied 24 percent in the October-December quarter, beating Nifty 50, which rose 10.7 percent during the same time. The stock also hit a new high on January 31 ahead of its results announcement.
Although there is a decline compared to the previous quarter, the product mix and price increase will support an overall rise in profitability.
Brokerages estimate SBI Life's annual premium equivalent (APE) to come at Rs 5,963 crore in Q3FY24, while value of new business (VNB) is expected to be at Rs 1,702 crore
The growth in revenue will be aided by a better product mix in favour of premium vehicles, which will lead to a higher average selling price, brokerages have said
Q3 Result Preview: Consumer Durable producers to see a mixed bag performance amidst weak demand. Air-conditioner manufacturers to see volume growth led by inventory stocking ahead of peak season. Stable raw material prices to remains supportive for margins for all.