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BOM:500033

5 stories mentioning BOM:500033

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Asia

Indian Equities Slip on Tuesday as Geopolitical Tensions, Profit Booking Weigh

Indian benchmark indices ended lower on Tuesday as profit booking in financial heavyweights and renewed U.S.-Iran tensions weighed on sentiment.The BSE Sensex fell 251.61 points, or 0.3%, to close at 77,017.79, while the NSE Nifty 50 declined 86.50 points, or 0.4%, to settle at 24,032.80.Markets remained volatile through the session amid weak global cues, elevated crude oil prices, and continued uncertainty around potential U.S.-Iran talks. Investors tracked the latest set of March-quarter earnings.Among stocks, Mahindra & Mahindra (NSE:M&M, BOM:500520) gained over 3% after reporting a rise in consolidated profit to 46.7 billion rupees in fiscal Q4 from 33.0 billion rupees a year earlier. Revenue from operations increased to 549.8 billion rupees from 426.0 billion rupees.Force Motors (NSE:FORCEMOT, BOM:500033) fell nearly 2% after reporting a 4.3% year-on-year decline in total vehicle sales to 3,113 units in April.

^BSENifty 50BOM:500033BOM:500520NSE:FORCEMOTNSE:M&M
Asia

Force Motors' Total Sales Decline 4% in April

Force Motors' (NSE:FORCEMOT, BOM:500033) total vehicle sales declined 4.3% to 3,113 units in April from 3,255 units a year ago, according to an Indian bourse filing on Tuesday.The units sold included small commercial vehicles, light commercial vehicles, utility vehicles, and sports utility vehicles, the filing stated.Domestic sales in the reported month fell 4.9% year on year to 3,053 units, while exports rose 33.3% to 60 units.Shares of the company were down over 2% in recent trade.

BOM:500033NSE:FORCEMOT
Asia

Force Motors Rolls Out New Range of Light Commercial Vehicles

Force Motors (NSE:FORCEMOT, BOM:500033) has launched a new range of light commercial vehicles named "Force Traveller N Range", according to a Tuesday filing to the Indian stock exchanges.The new range comprises ambulance, delivery van, and school bus applications and will be available for bookings across Force Motors dealerships across India from mid-May.With this launch, Force Motors will transition its 'Traveller' range entirely to the new range with effective May.The company's shares were down over 1% in recent trade.

BOM:500033NSE:FORCEMOT
Asia

Force Motors Posts Decline in Fiscal Q4 Consolidated Profit; Shares Plummet 5%

Force Motors (NSE:FORCEMOT, BOM:500033) recorded a sharp decline in its consolidated attributable profit to 2.79 billion Indian rupees in the fiscal fourth quarter from 4.35 billion rupees a year ago, according to an Indian bourse filing on Wednesday.Shares of the automobile manufacturer were down over 5% in Thursday's trade.Earnings per share in the quarter ended March 31 slipped to 211.37 rupees compared with the year-ago figure of 329.92 rupees.Revenue from operations in fiscal Q4 increased to 25.5 billion rupees from 23.6 billion rupees a year earlier.The board of directors recommended a dividend of 50 rupees per share for the fiscal year ended March 31.

BOM:500033NSE:FORCEMOT
Asia

Force Motors Completes Acquisition of Veera Tanneries

Force Motors (NSE:FORCEMOT, BOM:500033) said it has entered into a share purchase agreement to acquire 100% stake in Veera Tanneries for about 1.62 billion Indian rupees, according to a Thursday filing on Indian bourses.Shares of the company fell over 1% in Friday's trade.Following the transaction, Veera Tanneries has become a wholly owned subsidiary of the company, it added.

BOM:500033NSE:FORCEMOT