Auto Sector

Recommendation: Buy; Target price: Rs 800

Profitability likely to remain strong.

Following a 0.47% increase in the previous session, the U.S. dollar index, which compares the dollar to the euro, yen, and four other currencies, was little changed at 102.50 in the morning Asian time.

The company want to raise Rs 153 crore from the maiden public offer.

The two new campuses will provide their employees with cutting-edge technology, flexible, efficient, and inclusive workspaces that are driven by sustainability and overall well-being.

On Tuesday, spot gold fell to its lowest price since July 10 at $1,922 per ounce. It was later up 0.1% at $1,926.29 per ounce. At $1,960.30, U.S. gold futures were unchanged.

In a recent speech made by the Fed governor Michelle Bowman, she underlined why she supported the Fed decision to hike rates by 25 bps in July.

Brent crude futures were down 17 cents, or 0.2%, to $86.00 per barrel. American West Texas Intermediate (WTI) crude was down 19 cents or 0.2% at $82.73 per barrel.

According to Chandrasekaran, the cancellation of DVRs will also result in a 3.2% dilution of promoter voting rights.

With a top line of Rs 2,100 crore and a net income of Rs 200 crore, the company ended FY23.