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Mahindra & Mahindra's stock surged after reporting a 13% rise in Q2 profit, exceeding market expectations. Analysts are optimistic, citing strong SUV and tractor sales, with potential for further growth and margin expansion. However, capacity constraints for ICE SUVs in the future are a concern.
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The Japanese car making giant has not yet said where in its global operations the job cuts will be made.
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Sagility India IPO allotment results will be out today. Investors can check their allotment status on the BSE website or the registrar's website, Link Intime India. The IPO received a decent response with an overall subscription of 3 times. The company's shares are expected to list on exchanges on November 12.
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