Mahindra & Mahindra shares rose on better-than-expected March quarter results, driven by strong farm equipment market share and automotive segment gains. While automotive demand is expected to continue, tractor volume growth may moderate due to a high base and anticipated weaker monsoon. Input cost pressures led to a sequential drop in Ebitda margin, despite price hikes.
US stocks: US market ends higher as Amazon soothes AI jitters
Wall Street closed higher on Friday, driven by Amazon’s strong quarterly report. The tech giant’s results eased concerns about AI infrastructure spending. Apple’s stock dropped