Auto Sector

This collaboration allows Volkswagen to supply electric technology and parts to other automakers

According to a release, the corporation has created the unit for financing aviation assets.

Shashank Srivastava told CNBC-TV18 that the automaker outperformed the sector last month with a YoY growth rate of 16.5%.

According to this agreement, the facility will produce 13.75 million units of clean energy from renewable sources.

The subsidiary will conduct nonbanking financial activities without accepting public deposits

While the near-term inventory destocking at BE will consolidate Clean Energy revenues in FY24, the segment will rebound from FY25 with 35-40% Cagr revenues.

Analysts of IIFL Capital Services believe its twice-the-market growth rate in chronic segment led by Cardiac therapy and robust execution in acquired portfolios will continue to drive its sustained 400-500bps outperformance in domestic market.

Given the strong guidance, robust order book, differentiated positioning and top quartile growth, analysts of IIFL Capital Services believe the stock will revert to a premium vs mid-cap peers, as liquidity overhang is behind.

The pricing range for the offering has been established at Rs 93-98 per share

The acquisition's goal is to build and run a captive power generation facility that will provide 100 MW of continuous renewable energy to its Odisha-based smelter.