GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Mahindra & Mahindra (M&M) are likely to remain in focus in today’s session as the company announced that its subsidiary Mahindra Susten (MSPL) has further incorporated a new subsidiary Ultrogen Hybren. “With reference to the captioned subject, we would like to inform you that Ultrogen Hybren Private Limited (“Ultrogen Hybren”) has been incorporated in Mumbai, Maharashtra on 29th December, 2024, as a wholly owned subsidiary of Mahindra Susten Private Limited (“MSPL”), which is a subsidiary of Mahindra Holdings Limited (“MHL”), which in turn is a wholly owned subsidiary of the Company,” said the company in an exchange filing. M&M informed that it received an intimation from MSPL on December 29 that the certificate of incorporation of Ultrogen Hybren has been issued by the Ministry of Corporate Affairs. Ultrogen Hybren's authorized and paid-up share capital consists of Rs 15,00,000, divided into 1,50,000 equity shar...

[hfe_template id='11223'] [ad_1] Shares of Mahindra & Mahindra (M&M) surged by 5.4% to an intraday high of Rs 2,968.35 on the BSE after the company announced that it has recorded a 25% YoY growth in its SUV sales at 54,504 vehicles, its highest ever monthly number. “In the Utility Vehicles segment, Mahindra sold 54504 vehicles in the domestic market, a growth of 25% and overall, 55571 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 28812,” the company informed in an exchange filing. The 3.5T + MHCV witnessed a fall of 9% and 5% YoY respectively. Meanwhile, the LCV 2 T – 3.5 T and the 3 wheeler segment saw a surge of 17% and 5% YoY respectively. “We are excited to have clocked the highest-ever SUV sales of 54504 vehicles in October, a growth of 25% and highest ever total volume of 96648, a growth of 20%. The month began on a fantastic note with Thar ROXX garnering 1.7lakh bookings in the first 60 mins and the positive momentum con...

[hfe_template id='11223'] [ad_1] Reminding investors once again that Dalal Street is not a one-way street, Sensex fell over 800 points intraday on Wednesday before recovering half of the losses and ending 427 points lower but well below the 80,000-mark. Nifty gave up the support at 24,200 intraday but ended comfortably above the 24,300-level. Retail investors, who got used to seeing their portfolio going up almost every day, were in for a rude shock as smallcap and midcap indices recorded their worst day in more than a month before recovering some of the losses. The sell-off in Nifty was led by a 7% decline in Mahindra & Mahindra (M&M) where investors see price cuts in XUV700 as a sign of weakening demand in the car industry. Other top blue-chip losers include Hindalco, Tata Steel, TCS and HCL Tech. Among sectoral indices, auto, media, metals and PSU banks were the worst hit. Here are the key factors behind today's fall in Sensex & Nifty: 1) Profit-bookin...