Auto Sector

The company's strong financial performance in Q1 solidifies its prominent position in the iron ore industry.

Recommendation: Add; Target price: Rs 265

The gold finance company reported that for the first quarter ended June 30, its earnings increased by more than 21% to Rs 975.12 crore.

Rupee opens at 83.01 against the dollar, compared to the previous close of 82.85.

Recommendation: Buy; Target price: Rs 5750

The tower company would continue to keep up the pace in delivering telecom infrastructure as Reliance Jio and Bharti Airtel roll out 5G, it was said.

Led by improving productivity, analysts of IIFL Capital Services expect the India business to clock 14% sales Cagr over FY23-26. Mgmt guidance is 12-14% growth for FY24.

Voltas secures No.1 position in ACs with an exit market share of 20.6% as of June 2023

If the first 4 months of FY24 are anything to go by, then FY24 could be another record year for SIP flows.

Brent crude futures were down 29 cents, or 0.3%, to $86.52 per barrel, while U.S. West Texas Intermediate crude was down 24 cents, or 0.3%, to $82.95 per barrel.