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Maruti Suzuki hikes prices of its cars due to rising input costs …Stock gains nearly 1%
· India's largest carmaker Maruti Suzuki India said on Monday it has hiked prices of its cars due to rising input costs.
· "The weighted average price increase in ex-showroom prices (Delhi) across select models is 1.9 per cent. This is the third price hike by Maruti Suzuki this year.
· Last month, the company said that a price hike was necessary as it looks to protect its profitability amid a steep rise in commodity prices.
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M&M Financial Services Jumps As August Disbursements, Collection Efficiency
Rise ... Stock gains Amid hefty volumes
· Shares of Mahindra & Mahindra Financial Services Ltd. Advanced intra-day over 5% to Rs174 a share after the company posted improvement in collection efficiency and disbursements in the month of August.
· It has recorded nearly 1cr share traded on NSE.
· Mahindra & Mahindra Financial Services said that disbursements in August were at Rs 2,150 crore, 57% higher for a year earlier.
· Collection efficiency was about 97% compared to 95% efficiency in July. Customer cash flows improved while the company witnessed a meaningful reduction in NPA contractions.
· The company also said that the liquidity position as on date was comfortable.
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If you liked live trade stories.
Then do reshare on your stories asking your friends and family to follow us 🙌
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Operators think we are fool 😉
Globus on down circuit now 🙌
Still a buy but near or below 700
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Please note that price is not always a best indicator of fundamental. In short term it is more a reflection of demand and supply than what actuals should be.
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Done and dusted.
Tip : Always sell low volume share in 10% disc qty with limit order only.
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Booking everything now except trident.( holding with stop 20 tgt 23.5)
Entered these in july positionally. Will move back to index now.
