Auto Sector

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DLF reported sales bookings of Rs 15,058 crore during the 2022–23 fiscal year, more than doubling from Rs 7,273 crore the year before.

Bharti’s capex-to-sales should come off to 20% by FY26 from 29% in FY24. Home BB remains a key focus area with FY22+FY23 capex being almost similar to the preceding 5yr period.

The price of a barrel of November Brent crude futures dropped by 10 cents, or 0.11%, to $88.90.

Spot gold remained unchanged at $1,937.58 per ounce in early trade

The company's initial public offering (IPO) closed last week with an astounding 87.82 times oversubscription, drawing interest from all types of investors.

The business reported that its customer base had continued to grow.

Allocation-wise, approximately 50% of the issue is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors, and 35% for retail investors.

All sectoral indices concluded the day in positive territory, with the power, metal, auto, realty, oil & gas, and PSU Bank sectors registering gains ranging from 1% to 2.8%.

The two main promoters, Aditya Birla Group and Vodafone Plc of the UK, have given the DoT numerous pledges, but have yet to inject equity into the company.