The shares of the two-wheeler manufacturer were trading 1.6 percent lower at Rs 2,596 on BSE at 1:42 pm.
Nestle India shares were trading in the green on Wednesday even as brokerage firm CLSA has a sell call on the firm. This is days after the world’s largest food company announced its ambitions to invest Rs 5,000 crore in India by 2025.
The report also said that mobiles continue to do well, driven by upgrade programmes and new launches supported by value offers. Mobiles saw a 10 times growth in daily average gross merchandise value from usual days.
PFI crackdown latest updates | Declaring the outfit "unlawful association", the Ministry of Home Affairs said that the PFI and its affiliates "operate openly as socio-economic, educational and political organisation but, they have been pursuing a secret agenda to radicalise a particular section of the society, working towards undermining the concept of democracy..."
According to the study, consumer 5G readiness is high in India. The intention to upgrade to 5G in urban India is two times higher than their counterparts in markets like the UK and US where 5G has already been launched.