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The company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation and amortisation (Ebitda margin) compared with peers. This is expected to change given the improvement in the margin for the six months that ended September 2024 due to rising operating efficiency.
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News and Media
A gap-down happens when a stock opens at a much lower price than where it closed the day before, leaving a gap on the price chart thats considered a sign of investor panic. The Sensex and Nifty fell 1.5% the next day.
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News and Media
Nifty is trading around the 200-day exponential moving average (23,691), which is likely to provide some relief after a 4.7% correction last week. Positive global cues should act as a supporting factor.
Category:
News and Media
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