Auto Sector

On the last day of August 2023, the Office of the Economic Advisor announced core sector growth for June 2023.

Let us look at the August 2023 mutual fund performance; across the gamut of equity and debt funds.

In conversation with Sheetal Agarwal of IIFL, management of the company discusses the company’s strengths, opportunities and future outlook.

The Nashik-based company has reserved 15% shares of the public issue for high networth individuals and the remaining 35% for retail investors.

The stock touched a day's low of Rs 162.30 before concluding the day with a notable rally of 51.16%, closing at Rs 163.25.

The gainers included Maruti Suzuki, Cipla, HDFC Life, Titan Company, and Hindalco Industries

The firm has revised the fresh issue size to Rs 542 crore from the previously planned Rs 615 crore. The Offer for Sale (OFS) includes up to 4.45 million shares from existing shareholders and promoters.

The solar plant aims to generate 61.875 million units (MUs) of electricity annually, fulfilling the energy requirements of SSMI's steel manufacturing unit.

Among the Nifty 50 constituents, Adani Enterprises and Adani Ports emerged as the top losers, both experiencing declines of 3.5% and 2.5%, respectively.

The projects entail the construction of six elevated metro stations from Pili Nadi to Lekha Nagar in reach-2A, as well as one elevated and one at-grade station named ecopark and metro city respectively in reach-IA