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The Japanese car making giants aimed to combine their businesses to compete against Chinese rivals.
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News and Media
SAIL's shares rose 10% after reporting a 5% YoY rise in Q3FY25 revenue to Rs 24,490 crore. However, net profit fell 66%, and PAT dropped significantly both YoY and sequentially. Despite weak realizations, the companys cost management was strong. Motilal Oswal maintains a 'Neutral' rating with a revised target price of Rs 115.
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Muthoot Finance shares jumped 6.5% after reporting a 26% YoY net profit growth in Q3 to Rs 1,389 crore. Loan AUM hit Rs 1.11 lakh crore, with strong gold loan growth. Analysts remain divided on the stock's outlook, with 13 recommending a "buy."
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News and Media
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