Auto Sector

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.

According to the company's media release, the improved monsoon in the majority of the country and the respectable agricultural activities are also likely to add to satisfied customers.

The company is raising Rs 400 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.

Domestic two-wheeler sales increased by 7% in August 2023.

Cashflow conversion (FCF/PAT ex-acquisition) showed consistency by delivering above 100% for the third straight year and remaining above the large-cap peers.