Maruti, M&M up on November vehicle sales
Reuters Market Eye - Shares in Maruti Suzuki India Ltd(MRTI.NS) and Mahindra & Mahindra Ltd gained on strong November vehicle sales.
Maruti's November vehicle sales grew 12.5 percent on year to 103,200 units, sustaining the recovery in sales witnessed in October.
Dispatches rose on the back of festive demand, particularly for diesel vehicles and higher exports, brokerage Anandrathi said in a note.
Mahindra & Mahindra reported a 18 percent rise in November sales to 48,143 vehicles and continued on a strong trajectory, boosted by new launches and a large diesel portfolio, the brokerage added.
Maruti shares rose 1.1 percent at 1,491 rupees, while Mahindra & Mahindra shares gained 1.2 percent at 958 rupees.
- Tweet this
- Share this
- Digg this
India is set to offer Nepal a landmark pact to help develop its huge hydro-electric power potential as the South Asian giant takes another step to re-assert influence among smaller neighbours where China has been forging closer ties. Full Article