Hyundai Motor is expected to report a decline in third-quarter results due to lower volumes and higher discounts. Revenues could drop 2% year-on-year, leading to a 10% dip in profitability. Analysis suggests declining margins and muted stock performance. However, future growth prospects look promising with new plant developments and an upcoming e-Creta launch, according to CLSA.
Wakefit IPO: Check GMP, price band, review, subscription and other details
Wakefit Innovations, known for its mattresses, is launching its IPO with a positive grey market outlook. The company is raising over Rs 1,200 crore. Despite