The company’s operating profit grew by 15% even though the tractor volume dropped by 3.5% for the December quarter. It suggests that the automotive segment has gained enough heft to deliver growth and bring counter-cyclicality to the company’s earnings. A few years ago, the automotive division contributed two-thirds to the revenue, but only one-third to the operating profit. The gap is narrowing gradually.
Positive Breakout: These 10 stocks cross above their 200 DMAs
In the Nifty200 pack, 10 stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on March 27, according to stockedge.com’s technical scan data.
March 28, 2025