Dec 04 2023, 09:27
3 insights to kick-start the day, Maruti's Jimny records high:
Maruti's Jimmy hits 50 record:
Maruti has faced one of its worst product launches in recent memory with the Jimny.
Launched just in June 2023, the SUV has seen sales falling off the cliff. Rather than giving a discount directly, Maruti has added an accessory kit worth INR 25,000 and introduced a "Thunder Edition" only for December. This has been accompanied with a price cut, which for entry trims' are at INR2 lakhs and the top variant at INR1 lakh.The Jimny was seen as a key product to boost the SUV credentials of India's largest carmaker.
PVR's big ticket:
Elara Capital says that big-budget films hold the key for box office performance as they contribute 80%-85% of Hindi box office earnings in the post-Covid-19 era. It was because of films like Jawaan, Gadar 2 and OMG 2, that PVR- Inox was able to register a strong Q2FY24 with a net profit of INR166.3 crore. However, Q3FY24 has been off to a slow start with only Tiger 3 performing at the box office and occupancy levels of PVR- Inox have been below par otherwise in October- November 2023. Now, multiplexes are betting on December releases like Animal, Dunki, Sam Bahadur and Salaar Part 1 to salvage the third quarter. Hindi films are slated to release.
The language of price. On October 28, we mentioned about Nifty retesting its breakout zone at 18,600- 18,800 levels. Broad-based buying from foreign institutional investors, holding the support zone of 18,600, has led to the rally taking Nifty 50 to new lifetime highs.
source: et
Dec 05 2023, 09:54