Auto Sector

Recommendation: Buy; Target Price: Rs 280

Investors that make a financial commitment to a private equity business are known as LPs. Pension funds, institutional accounts, and affluent people are frequently included.

Acquisition of Thaletec (the largest GLE supplier in the Germanspeaking areas in Europe) has provided access to an advanced product portfolio and know-how.

Overall system liquidity will still be surplus as per analysts of IIFL Capital Services estimate. This seems a blunt implementation at a time banks have been resisting VRRR.

During the quarter that ended in June, the company's standalone operating revenue decreased 14% year over year to Rs 6,237.55 crores from Rs 7,253.04 crores in Q1FY23.

The boost in profitability was attributed to factors like lower rubber costs and robust sales of domestic automobiles in various markets.

Brent crude increased by 7 cents to settle at $86.47 a barrel, while U.S. West Texas Intermediate crude futures increased by 12 cents to $82.94 per barrel.

The rupee had shown strength in the previous session, gaining 11 paise against the dollar to close at 82.71.

Petrol and Diesel prices in cities across India on 11-08-2023

Spot gold traded near its lowest levels since July 7 reached earlier in the day, rising 0.2% to $1,914.87 per ounce. At $1,946.90, U.S. gold futures were unchanged.