Hero MotoCorp expects a slight rise in profit and revenues for Q3 despite stagnant volumes, primarily due to improved product mix and higher average selling prices. Revenue is projected to increase by 3% YoY, while PAT is expected to rise 2% YoY. EBITDA margins are anticipated to improve YoY but decline QoQ due to lower volumes and festive season discounts.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention