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Mahindra aims at delivering 14,000 units of XUV700

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By Ross Douthat

Opinion Columnist

Cramer's lightning round: Evelo Biosciences is worth a speculative bet

  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Omega Healthcare: "This is hard for me to fathom because it's diverged so much from Ventas … which has 3% yield. I've got to see what's going on. Usually, that's a red flag to have a yield [as high as Omega]."

Evelo Biosciences: "Total spec on different illnesses. When I see a spec on cancer because my mom died from cancer, I say, 'Listen, let's give this one a shot.' Someone might have something against these dreaded diseases."

Zscaler: "I like [CEO Jay Chaudhry]. Here's the problem: This stock has never had a down day, it seems. But yeah, Jay does great. Zscaler is really good and please, let's not forget Okta."

Dycom Industries: "Why the heck isn't that stock higher? Don't we have huge problems with the wires all over the utilities?"

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

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Questions, comments, suggestions for the "Mad Money" website? [email protected]

Pre-market Movers: DWAC, DUO, TSC, IHT, NXTP…

The following are some of the stocks making big moves in Thursday’s pre-market trading (as of 06.05 A.M. EDT).

In the Green

Digital World Acquisition Corp. (DWAC) is up over 42% at $14.18

Fangdd Network Group Ltd. (DUO) is up over 25% at $1.32

TriState Capital Holdings, Inc. (TSC) is up over 24% at $28.35

InnSuites Hospitality Trust (IHT) is up over 18% at $4.18

NextPlay Technologies, Inc. (NXTP) is up over 16% at $2.87

Chemomab Therapeutics Ltd. (CMMB) is up over 12% at $11.31

Sesen Bio, Inc. (SESN) is up over 12% at $1.43

SOS Limited (SOS) is up over 9% at $3.02

Euro Tech Holdings Company Limited (CLWT) is up over 8% at $4.15

Valneva SE (VALN) is up over 6% at $44.85

China Finance Online Co. Limited (JRJC) is up over 5% at $7.94

In the Red

ADMA Biologics, Inc. (ADMA) is down over 7% at $1.03

TechnipFMC plc (FTI) is down over 6% at $7.56

CooTek (Cayman) Inc. (CTK) is down over 6% at $1.06

ABB Ltd (ABB) is down over 5% at $33.18

HighPeak Energy, Inc. (HPK) is down over 4% at $10.52

Shaw Communications Inc. Q4 Profit Advances, Beats estimates

Shaw Communications Inc. (SJR) released earnings for its fourth quarter that increased from the same period last year.

The company’s profit totaled C$252 million, or C$0.54 per share. This compares with C$175 million, or C$0.34 per share, in last year’s fourth quarter.

Analysts had expected the company to earn C$0.33 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 2.2% to C$1.38 billion from C$1.35 billion last year.

Shaw Communications Inc. earnings at a glance:

-Earnings (Q4): C$252 Mln. vs. C$175 Mln. last year.
-EPS (Q4): C$0.54 vs. C$0.34 last year.
-Analysts Estimate: C$0.33
-Revenue (Q4): C$1.38 Bln vs. C$1.35 Bln last year.

Millions of Brits could be shut out of their offices – due to soaring energy costs

Deborah Meaden gives businesses advice on cutting energy costs

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And 30 percent are considering major savings by asking employees to work from home while they navigate soaring costs.

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Mahindra aims at delivering 14,000 units of XUV700

Mahindra has announced it plans to deliver 14,000 units of the new XUV700 by mid-January next year. However, it has also stated that deliveries could be delayed, subject to availability of semiconductors. The carmaker opened the order books for the SUV on October 7, seeing a strong demand with the first 50,000 bookings accounted for in the first two days and crossing 65,000 units within two weeks.

The carmaker will commence the delivery of its petrol SUV from October 30 with diesel variants set to reach customers almost a month later.

Mahindra aims to target an average delivery of 5,600 units each month.

The XUV700 is available in two product lines — the entry-level MX and the higher AdrenoX (AX) series. The latter is further split into three trim levels — AX3, AX5 and AX7. Depending on the variant and powertrain, the XUV700 can be had in a 5- or a 7-seat layout. Mahindra also offers a ‘Luxury Pack’ on the range topping AX7 trim, that adds numerous features like a Sony 3D surround sound system, 360-degree camera, electrically deployable door handles, blind spot monitor, wireless phone charger and an electronic parking brake for an additional ₹ 1.8 lakh.

Powering Mahindra’s flagship product is either a 200hp, 2.0-litre turbo-petrol engine or a 2.2-litre turbo-diesel mill that puts out 155hp in the MX version and a stronger 185hp in the AX variants. Both engines get a 6-speed manual gearbox for the entry-level MX, but are offered with an optional 6-speed automatic in the AX series. Notably, the diesel-automatic combo also boasts of an optional AWD setup with the top-spec AX7 trim.