Automotive Axles share drops over 5% as Q2 operating profit tanks 23% YoY

Quick Summary:

With a focus on various vehicle segments, including light commercial vehicles (LCV), medium commercial vehicles (MCV), heavy commercial vehicles (HCV), military, and off-highway vehicles, the company has established itself as a leader in the industry.

The market capitalisation of Automotive Axles is Rs 2,747.38 crore, according to BSE.

The company’s diverse product portfolio encompasses drive axles, front steer axles, off-highway axles, and braking solutions, with ongoing innovations in products like tandem axles and solo axles to meet evolving market demands.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Automotive Axles shares BSE Indian equities BSE Sensex Market today Nifty Indian stock markets NSE Buzzing Stocks Automotive Axles Automotive Axles stocks Automotive Axles stock price Automotive Axles share price Nifty50

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 13:43:49 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © Business Standard

News ID: 23346852

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