Most management teams highlighted a moderation in domestic demand, particularly in commercial vehicles and passenger vehicles, with volume guidance revised downward for high-growth two-wheelers, according to the brokerage. Auto ancillary firms with overseas exposure also saw weak demand. While raw material costs remain stable, benefits from commodity softening are being offset by rising operational costs.
Jio Financial shares surge nearly 5% after Sebi greenlights Jio BlackRock broking business
Jio Financial Services shares surged 4.36% to Rs 326.65, fueled by SEBI’s approval for Jio BlackRock Broking Private Limited to operate as a stockbroker and
June 27, 2025