Recent Q2 earnings reveal a mixed market outlook. Banking and financial services show strength. Tata Motors presents a varied performance, with electric vehicles positive but passenger vehicles facing hurdles. Information technology firms benefited from currency gains but may see challenges ahead. Investors should focus selectively on opportunities.
The investment in Lan comes after L'Oreal paid 442 million yuan ($62 million) for a 6.67% stake in Chando, as disclosed by the Shanghai-based company last month in its prospectus for an IPO in Hong Kong.
IRB Infrastructure shares rose sharply on Monday after the company bagged NHAIs Rs 9,270-crore TOT-17 project, its highest-valued 20-year monetisation award. The award covers 366 kilometres across the LucknowAyodhyaGorakhpur corridor on NH-27, along with a section of the LucknowVaranasi route on NH-731. The order win is being seen as a major boost to IRBs portfolio, toll revenue outlook and asset base.
The group would add over 600 net new Pizza Hut stores annually over the next three years and expected to double operating profit in China for the brand by 2029 versus 2024.
