M&M Q2 Business Update: Production Hits 1.22 Lakh Units, Sales Up 16%
Indian markets moved higher in a quarterly results development.
· NDTV Profit
The automaker's production rose 19.2% year-on-year to 1.22 lakh units during the quarter, while sales grew 16.3% from a year earlier to 1.14 lakh units.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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