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After Megha Engineering’s name figured in the list of electoral bond buyers, there was unbridled curiosity about its business, promoters and just about everything. Here are the details
Auto sector has witnessed a healthy retail uptick during Onam and Ganesh Chaturthi, it is expected that retail sales during the upcoming festive season (Diwali, Dusherra) will be strong compared to the previous year. With 27% returns in 6 months, the Nifty Auto index is among the best sectoral performers and is led by strong upside in Tata Motors, Maruti Suzuki, M&M and Hero MotoCorp.
The Reddys’ Olectra Greentech is swamped with orders for its electric buses.
Mahindra & Mahindra surged by 2.52%. TVS Motor, Hero Moto Corp, and Tata Motors moved up by about 1% on Monday. The festive season, which starts in the second half of September, is expected to drive demand across segments within the auto industry, said analysts.
Mahindra & Mahindra surged by 2.52%. TVS Motor, Hero Moto Corp, and Tata Motors moved up by about 1% on Monday. The festive season, which starts in the second half of September, is expected to drive demand across segments within the auto industry, said analysts.