Market Commentary - Stock Alert
Auto stocks, RVNL, Udayshivakumar Infra in spotlight As on : 03-Apr-23  08:54

Maruti Suzuki India: The company announced increase in prices across models. An estimated weighted average of increase across models stands at around 0.8% and is calculated using Ex Showroom prices of models in Delhi. This is effective from 1 April 2023. Maruti Suzuki India sold a total of 170,071 units in March 2023 as compared to 170,395 units in March 2022. For the financial year 2022-23, the company posted its highest ever total sales of 1,966,164 units.

Hero MotoCorp: Hero MotoCorp sold 519,342 units in March 2023, translating into a double-digit growth of 15% over the corresponding month of 2022, when it had sold 450,154 two-wheelers.

Tata Motors: The company reported total domestic sales of 89,351 units in March 2023 from 86,718 units in March 2022.

TVS Motor Company: TVS Motor Company registered a growth of 3% with sales increasing from 307,954 units in March 2022 to 317,152 units in March 2023.

Ashok Leyland: The commercial vehicles maker reported 19% rise in total vehicle sales to 23,926 units in March 2023 from 20,123 units in March 2022.

Rail Vikas Nigam (RVNL): The company received Letter of Award from National Highway Authority of India (NHAI) for construction of six lane elevated Kona Expressway in West Bengal on EPC mode. The project is worth Rs 720.67 crore.

Udayshivakumar Infra: Shares of Udayshivakumar Infra will debut on the bourses today. Issue price is Rs 35 per share.

Piramal Pharma: The USFDA conducted a Good Manufacturing Practices (GMP) Inspection of Piramal Pharma's Digwal facility from 27 to 31 March 2023. The inspection was completed successfully with Zero Form - 483 observations.

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