Wheels India and Bosch have formed a 50-50 joint venture, pooling their respective strengths in electronics and mechanics, aiming to develop cutting-edge air systems.
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Wheels India reached a new peak at Rs 1,669.7 today, marking an impressive 8.1% increase in its share price. This growth indicates a continued robust performance for the auto component company.
Wheels India has proposed a substantial dividend of ₹9.14 per share, pending shareholder approval during the upcoming meeting. This potential payout indicates a positive financial performance by the company.
Wheels India announces a proposed final dividend of INR 9.14 per share, indicating a potential generous payout to its shareholders.
Fuel retailers BPCL, HPCL, and IOC experienced a 2% dip in their shares despite an increase in fuel prices, likely due to ongoing tensions between the US and Iran exerting pressure on the sector, as reported by moneycontrol.com.
Wheels India reported a 22% year-on-year increase in Q4 EBITDA to ₹1.26 billion, maintaining a stable margin of 8.08%. This indicates strong earnings performance in the latest quarter compared to last year.
The Indian stock market experienced a dip today due to a surge in crude oil prices following the collapse of US-Iran peace talks. Additionally, comments made by Prime Minister Modi about fuel and gold negatively affected market sentiments.
Wheels India has reported a significant 52% increase in Q4 net profit, reaching ₹58 crores, and a 24% growth in revenue to ₹1,584 crores. The company's EBITDA climbed by 29%, boosting margins to 9.2%.
Auto components manufacturer Wheels India reached an all-time high of INR 1,359.65 on May 11, 2026, demonstrating robust growth and solid investor trust in the sector.
Nippon India Mutual Fund has offloaded approximately 1.95 lakh shares of Wheels India Ltd, with each share priced at ₹1060.7 in the latest bulk trade transaction.
Wheels India announces a leadership change, with current Chairman S Ram stepping down on March 30, 2026. Effective the next day, Srivats Ram takes over as both Chairman and Managing Director. The company also announces a reconstitution of its Risk Committee.