Sep 02, 2013, 02.19 PM IST
M&M lost ground after reporting weak August auto sales numbers, falling more than 2 percent. Total sales of the company fell 17 percent year-on-year to 37,900 units and its passenger vehicle sales have also slipped to 15,821 units from 21,831 units Y-o-Y.
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BSE Sensex, Nifty maintain momentum on broadbased buying
M&M lost ground after reporting weak August auto sales numbers, falling more than 2 percent. Total sales of the company fell 17 percent year-on-year to 37,900 units and its passenger vehicle sales have also slipped to 15,821 units from 21,831 units Y-o-Y.
Like this story, share it with millions of investors on M3
BSE Sensex, Nifty maintain momentum on broadbased buying
M&M lost ground after reporting weak August auto sales numbers, falling more than 2 percent. Total sales of the company fell 17 percent year-on-year to 37,900 units and its passenger vehicle sales have also slipped to 15,821 units from 21,831 units Y-o-Y.
14:19
Moneycontrol BureauLive Market Commentary
It is a positive session on Dalal Street as equity benchmarks extended early gains on broadbased buying and easing geopolitical worries. Midcaps and smallcaps also gained ground.
The Sensex is up 267.27 points or 1.44 percent at 18886.99, and the Nifty is up 72.75 points or 1.33 percent at 5544.55.
M&M lost ground after reporting weak August auto sales numbers, falling more than 2 percent. Total sales of the company fell 17 percent year-on-year to 37,900 units and its passenger vehicle sales have also slipped to 15,821 units from 21,831 units Y-o-Y.
Maruti Suzuki shares rallied 3 percent after reporting a 5 percent month-on- month growth in sales to 87,323 units in August.
Among 2-wheelers, Bajaj Auto's total sales are higher by 11 percent month-on-month to 3.12 lakh units. Rajiv Bajaj told CNBC-TV18 that there could be a marginal price hike soon for some brands. However, Hero MotoCorp's total sales dropped 5 percent month-on-month.
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