Auto Sector

Ebit margin (ex-bullion) contracted by 150bps YoY (ex-one off in base). However, demand trends were robust in July; the company is bullish about prospects in Q2, supported by higher studded ratio.

The statement claims that the contract was signed at the NHPC corporate office by General Manager (Civil) Dibang and Executive Director, RITES, in the presence of Biswajit Basu, Director (Projects).

Volume growth across most Auto segments was muted in July 2023 as PV sales growth grew by 2.6% YoY. 2W sales saw a 7.2% YoY contraction in July.

In conversation with Sheetal Agarwal of IIFL, Managing Director of the IPO-bound company talks about the company’s journey so far, its strengths and the road ahead.

Brent crude was trading 10 cents higher at $84.56 per barrel and U.S. West Texas Intermediate crude was up 9 cents at $80.81 per barrel.

In conversation with Sheetal Agarwal of IIFL, the fund manager talks about his investment approach as well as the latest NFO from their AMC – Nippon India Innovation Fund.

Spot gold was holding steady at $1,894.91 per ounce, holding above last week's five-month low of $1,883.70. To $1,923.90, U.S. gold futures saw a 0.1% increase.

Aeroflex Industries has fixed price band at Rs 102 to Rs 108 per share for its initial public offering.

As of 2022, the company, fully owned by its promoters, boasts three facilities located at Luna and Dahej SEZ in Gujarat, as well as Sajóbábony in Hungary.

The ban comes into effect due to these securities surpassing 95 % of the market-wide position limit (MWPL), as reported by the NSE