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GNA Axles Ltd.
22 Jan 2018
Religare
GNA Axles's total income and Net profit increased by 40.9% and 55.9% respectively on yoy basis. In 9MFY18, the company derived ~45% of its revenue from export market, the outlook for which remains healthy considering significant pickup in truck demand in North American markets. Also, domestic outlook for tractors and MH&CVs continues to remain strong.
Promoters pledged 0.97% of shares in last quarter. Total pledge stands at 5.50% of promoter holdings
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