The acquisition also seems to be reasonably priced. So, it will only add value to the company because the acquiree SML ISUZU has a good brand image in the segments in which it operates. This acquisition per se I would think is a positive development.
Indian metal stocks saw a significant rise today. Aluminium manufacturers led the gains. The closure of the Strait of Hormuz due to the West Asia
Indian stocks experienced a significant rebound on Thursday, mirroring gains across Asian markets. This relief rally, driven by hopes of de-escalating geopolitical tensions and oversold
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