EPIC MCX

Epic Update : JK Tyre Q4

Net profit at Rs 33.7 Crore Vs Rs 86.3 Crore (YoY)
Net sales at Rs 1,377 Crore Vs Rs 1,485.4 Crore (YoY)
Company to invest Rs 800 crore on capacity expansion
To double capacity of Chennai manufacturing facility over 2 years.
 
Epic Update : M&M

Total auto sales at 43,460 units vs 43,989 units (YoY)
Passenger vehicle sales at 22,244 vs 21,154 units (YoY)
Domestic auto sales at 42,104 units vs 39,938 units (YoY)
Exports at 1,356 units vs 4,051 units (YoY)
Commercial vehicle sales at 14,848 vs 13,254 units (YoY).
 
Epic Update : ONGC

Oil and Natural Gas Corporation (ONGC) has decided to go solo on 20%u0025 stake acquisition in the Rovuma basin gas block in Mozambique. The company is not in talks with any global major to share the cost of acquisition, which is estimated to the worth of $5-6 billion, as funds are not a constraint for the company.
 
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