Auto Sector

Recommendation: Buy; target price: Rs 100

As of the end of June, Promoters owned 68% of Vedanta, while Twin Star Holdings held a 46.4% share.

As per RHP, the company is planning to raise Rs 600 crore from the fresh issue of equity shares and an offer-for-sale of up to 14,213,198 shares.

Dealers’ commentary suggests a moderation in demand in Q2 across regions with the pickup in monsoons.

According to a statement released by Torrent Power on Thursday, Ahmedabad now has the first set of charging stations.

Petrol and Diesel prices in cities across India on 04-08-2023

The company is raising Rs 1551 crore from this book building offer and has fixed IPO price band at Rs 705-741 per share.

The operating revenue for the reporting quarter was Rs 2,416 crore, an increase of approximately 71% year over year from the Rs 1,414 crore reported by the company in the prior quarter.

The IPO will close on August 7, and price has set at Rs 54-57 per share.

The signing event took place at ONGC NBP Green Heights in Mumbai between BPCL Executive Director (IT) Manoj Heda and ONGC Executive Director (Chief Marketing) Sanjay Kumar.