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Majestic Auto is in focus on the back of stock's 47 percent upmove in the last month. In an interview to CNBC-TV18, Mahesh Chander Munjal, CMD of the company discussed about what got the stock buzzing and the latest happenings in the company.
The benchmark indices ended on strong note on the back of positive global cues. The Nifty ended with a gain of 1 percent at 9,979 and Sensex ended with a gain of 244 points (0.8 percent) at 31,836. (81-0)
Share price of Majestic Auto added 6.3 percent intraday Friday as it has closed at fine blanking division due to lack of orders and profitability.
Moped, the humble-looking, tiny 4-stroke automatic two-wheeler has silently raced past scooters for the first time to emerge as the second largest-selling vehicle for TVS Motors.
It is important to set up family charters and councils, said next-gen entrepreneurs from leading Indian business families at Mint Wealth Creators Summit
In a shrinking domestic two-wheeler market one segment is strongly bucking the trend and posting double digit growth. This is the moped and its sales have grown at average 23 per cent during the last two months, visibly insulated from the demonetisation. During these two months, the volume of scooters and motorcycles sold has declined 14 and 15.8 per cent, respectively.
If you thought scooters were the fastest growing two-wheelers in the country, you're off the mark. This distinction is being enjoyed by the not-so-happening, not-so-glamorous moped. Though much smaller in volumes than motorcycles and scooters, sales of this low-priced two-wheeler are growing at a staggering rate of almost 28 per cent, compared with 24 per cent and 12 per cent growth in scooters and motorcycles, respectively.
Bharti’s Sunil Mittal mediated the deal between the Munjal brothers that was as much about tapping opportunities as it was about accommodating ambitions
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