By Saumil Gandhi Commodity prices edged lower with most commodities witnessing sharp correction for the week except the energy complex. Bullion prices lost ground and plummeted their fresh swing low as the market braced for more interest rate hikes by the U.S. Federal Reserve in the coming months. Crude oil prices after volatile trade throughout […]
Eicher Motors reported standalone Ebitda of `860 crore, 3% below our expectations due to weaker gross margin print. Gross profit and Ebitda per vehicle remained flattish on a q-o-q basis despite commodity tailwinds mainly on account of a weaker product mix (higher mix of Hunter). While newly launched Hunter 350 continues to do well, we […]
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