Indian auto stocks experienced a decline following reports of potential tariff reductions on EU-imported vehicles as part of a free trade agreement. While some manufacturers like Mahindra & Mahindra and Hyundai saw sharper drops due to their presence in higher-priced segments, analysts believe the near-term impact will be limited, with the luxury segment being the primary area affected.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO