Shares of auto major Mahindra and Mahindra (M&M) will be in focus in Thursday's trade ahead of the second quarter results, which will be announced later during the day. The company is expected to report healthy growth in its revenues for the second quarter ended September 2024, driven by tractor and automotive segments. Meanwhile, profits are likely to be muted.
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Stock markets rallied more than 1% on Wednesday with benchmark Sensex soaring 901 points amid Donald Trump's victory in the US presidential polls. Stocks that were in focus include names like 📌Tata Steel, which rose 1%, 📌Apollo Hospitals, which was flat, and 📌Delta Corp, whose shares jumped nearly 1.6% on Wednesday.
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Power Grid's consolidated net profit remained flat at Rs 3,793 crore in Q2 2024, with revenue from operations also flat at Rs 11,278 crore. The board approved a first interim dividend of Rs 4.50 per equity share, while total expenses increased and EBITDA declined by 2.1%. Power Grid's shares closed 0.55% higher at Rs 318.45 on the BSE.
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