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Mahindra & Mahindra is thriving. The company is witnessing remarkable growth across its businesses. New product launches, especially in the SUV segment, are driving this success. Mahindra is also making strategic investments in growth areas. These areas include electric vehicles and renewable energy. The company remains optimistic about future prospects.

India’s benchmark equity indices edged slightly lower on Friday, as worries over corporate earnings and foreign outflows outweighed gains in information technology stocks following the widely-expected interest rate cut by the U.S. Federal Reserve.

A total of 502,607 shares changed hands on the counter till 02:09PM (IST).

Mahindra & Mahindra Ltd. exceeded profit forecasts, reporting a 13% rise in standalone net profit, fueled by robust sales of SUVs, pickups, and commercial vehicles. The company also revised its full-year tractor market guidance upward, citing positive agricultural trends.

Five stocks saw fresh long positions on November 8, with increasing open interest and rising prices, signaling a bullish trend: Indian Hotels, Wipro, OFSS, Infosys, and Page Industries.

Aditya Birla Fashion and Retail Ltd (ABFRL) reported a consolidated net loss of Rs 214.70 crore in the September 2024 quarter due to higher depreciation and interest costs. Despite this, the company saw revenue growth driven by newer businesses and established brands. ABFRL recently announced the de-merger of its Madura business into a separate listed entity, ABLBL.

Swiggy launched its IPO with a reduced valuation of $11.3 billion, down from its initial target of approximately $15 billion. Through this issuance, the company aims to raise around Rs 11,300 crore, which includes a fresh equity sale of Rs 4,499 crore and an offer for sale (OFS) of 17,50,87,963 equity shares.

MRF Q2 Results: The Board declared an interim dividend of Rs 3 per share for the financial year 2024-25 and set November 19 as the record date.

A total of 4,961 shares changed hands on the counter till 01:04PM (IST)

The stock quoted a 52-week high of Rs 4169.50 and a 52-week low of Rs 1692.50.