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Tuesday, 26 July 2016

Live Equity Market News: Sensex, Nifty Choppy

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Maruti Suzuki's half-moon (April-June) profit beat analysts' expectations on Tuesday, growing 23 % to Rs 1,486.2 large integer compared with Rs 1,208.1 large integer in year-ago amount, driven majorly by alternative financial gain. Revenue growth throughout the quarter was less than estimates, rising 11.6 % to Rs 14,927.3 large integer compared with corresponding amount of last business enterprise because of slow volume growth. 
Volume growth caught up from fourteen % in Q1FY16 to two.1 % in Q1FY17, wedged by production loss of ten,000 units because of fireplace at vender Subros plant. the corporate sold-out 3.48 large integer vehicles in Gregorian calendar month quarter against three.41 large integer units in year-ago amount. Domestic sales grew by 5.4 % to 3.22 large integer units whereas exports declined twenty seven % on yearly basis.  

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