M&M’s management has forecast tractor volume growth of 10-12 per cent for the current fiscal.
A stronger order book, expected higher operating margins auger well for company.
The stock of Voltas, India's largest maker of air conditioners, has gained 23% in three months.
Volume growth appears to be robust for the next two years following a strong product pipeline.
Street lowers projected volume growth for domestic market on management commentary.
Manufacturers of chocolates, paints & sanitary ware will be affected due to higher taxes.
Last year’s June quarter saw utilisation at Dahej reaching a record high of 130 per cent.
Double-digit volume growth guidance, a likely recovery in rural income
The company's management has revised the FY18 production target to 8.25 lakh units.
The total AUM of MFs rose by 37% YoY to Rs 18.6 lakh crore at the end of March 2017.
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