As the Diwali celebrations wind down and market holidays conclude, Indian investors are bracing for a dynamic week ahead with the launch of four significant initial public offerings (IPOs). The featured IPOs include Gandhar Oil Refinery India, Fedbank Financial Services, Indian Renewable Energy Development Agency (IREDA), and the much-anticipated T
Ashok Leyland expects volume growth and margin expansion to continue in FY24; Should you buy, hold or sell the stock?
Ashok Leyland expects its M&H CV volumes to grow by 8-10%, and LCVs by 4-5% in FY24 following their second-quarter results. The management also anticipates achieving a double-digit EBITDA margin, targeting mid-teens in the medium term. The share price of Ashok Leyland has surged over the last year, gaining 1.04% in the last five days, […
‘Slight reduction’ in workforce: Paytm’s parent company One 97 Communications confirms layoffs
One 97 Communications, the parent company of fintech firm Paytm, officially confirmed that there would be a ‘minor reduction’ in its workforce. The company said that the layoffs are part of cost-cutting initiatives. However, a spokesperson for the company rebuffed recent media speculations that had said that the non-bank lender might eliminate over