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2022 - 8 - 28

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Image courtesy of "Business Standard"

E-scooters to hit 5% of two-wheeler mkt in FY23: Greaves Electric ... (Business Standard)

Greaves Electric Mobility projects that sales of two-wheeler EVs will balloon to 7 lakh units in FY23 from 2.5 lakh units in FY22.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Unlike Ola Electric, which has decided on an initial average selling price (ASP) of Rs 1.5 lakh (it has just announced an electric scooter in the Rs 99,000 range), GEM has focused on the sweet spot of the Rs 80,000-Rs 90,000 market. Unfortunately, says Basavanhali, the net worth needed to be eligible for the PLI scheme was too high for GEM, as it is neither a startup nor a very large company. As a result, the company is doubling its capacity so that it can make 25,000 electric scooters a month. This will be the real inflection point which is needed as penetration of electric In FY 22 the penetration of electric two-wheelers was less than 2 per cent of the market.

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Krsnaa Diagnostics, Metropolis hit 52-week; fall up to 14% in one ... (Business Standard)

In the past one year, these stocks have slipped between 48 per cent and 51 per cent, as compared to 3 per cent gain in the Sensex.

More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. The stock, too, declined 5 per cent to Rs 1,352 on the BSE in the intra-day trade today. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. "Advancing technology may result in the creation of more cost-effective technologies or non-invasive diagnostic healthcare tests that are more accessible or even less expensive than the tests already available. In the past one month, it has tanked 18 per cent after the company's profit and margins declined year-on-year (YoY) and sequentially for the quarter ended June 2022 (Q1FY23). Moreover, over the past six months, they have fallen up to 29 per cent, as against 3 per cent gain in the benchmark index.

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Image courtesy of "Business Today"

Will Sensex, Nifty hit new all-time high by Diwali? Here's what expert ... (Business Today)

Market watcher Nitasha Shankar, Head-PRS Equity Research, Yes Securities believes that BFSI space, which has maximum weightage in the benchmark equity ...

RECOMMENDED We believe India will have amongst the highest GDP growth rates and this does support the premium. Commenting on the concerns of the US Fed moves on indices, Shankar said, “While valuations in India are amongst the highest in the world, the change in interest rates and discount rates will not be as severe as what is expected in the developed part of the world. Earlier, they sold shares worth over Rs 2.50 lakh crore between October 2021 and May 2022. This may take the benchmark equity indices BSE Sensex and NSE Nifty to their new high by Diwali. Of late, FIIs have poured more than Rs 50,000 crore in the domestic equity market since June 2022.

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