M&M June 2016 overall Sales nos up 13% (YoY)
M&M’s June 2016 overall sales numbers at 69,202 units were up
13% YoY driven by healthy growth in both the automotive and tractor segments.
The automotive sales were up 8% YoY primarily driven by 9% YoY
growth in the utility vehicles segment. Sustained demand for new launches
helped company to post decent growth.
The LCV sales were up 5.6% YoY on account of a revival in the
industry demand
Three wheeler sales continued to remain under pressure given the
subdued demand and increased competition with the sales declining 6% yoy to
4,381 units
KPIT tanks on forecast for flat revenue growth in Q2
Shares
of IT major KPIT Technologies tanked over 14% to Rs157 on NSE in an otherwise
positive markets after the company said that its revenue and profits may be
flat in the second quarter, compared to first quarter of current fiscal, as ERP
implementations revenue has been hit beyond anticipation.
The
company is going through internal changes in structure as well as external
changes in the business environment.
The
company's traditional revenues from ERP implementations are affected more than
anticipated earlier, whereas there is good traction in the newer areas of cloud
and digital technologies.
Strides rises on succesful USFDA inspection of Bangalore
Strides Shasun surges by 7% to Rs1205, after company announces
successful completion of the USFDA inspection of its oral dosage facility in
Bangalore with 'Zero 483s'
Strides Shasun gained nearly 7%, touching to Rs1205, after the
company announced successful completion of the United States Food and Drug
Administration ( USFDA) inspection of its oral dosage facility in Bangalore
with 'Zero 483s'.
Fiscal deficit hits 43% of budget estimates in May
As per the Government data, fiscal deficit in the first two months
of the current financial year was Rs 2.28 lakh crore or 42.9% of Budget
estimates for 2016-17, much greater than the year-ago period.
As per reports, the fiscal deficit situation during April-May of
the last fiscal was 37.5% of the Budget estimates.
The gap between expenditure and revenue for the whole current
financial year has been fixed at Rs5.33 lakh crore.
Maruti Suzuki June 2016 Sales Volumes below estimates
Maruti Suzuki June 2016 Sales Volumes: Sales volumes came in below
estimates mainly due supply disruption at vendor Subros
Maruti Suzuki sales for June 2016 at 98,840 were down 14% YoY
coming below our expectations of 1.15 lakh units.
The decline is mainly attributable to the disruption in supplies
from Subros Limited (AC Vendor) which had a massive fire at its plant
Domestic sales declined 10% yoy while the export sales almost
halved.
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I got updates on different sectors here. Nice way of updating at a same place. Few details i would like to share which i explored :Triggered by Brexit due to currency fluctuations, worldwide IT spending is forecast to be flat in 2016, totaling USD 3.41 trillion, according to Gartner, Inc. This is up from last quarter's forecast of negative 0.5 percent growth. Further details can be accessed by following epic research.
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