Auto Sector

The rupee starts at 82.38 per dollar compared to the previous close 82.26.

Analysts of IIFL Capital Services raise FY24/25/26 EPS by 2/10/8%, respectively and upgrade to BUY with TP of Rs4,946, implying 20% upside.

Suzlon aims to substantially reduce debt and improve its business prospects.

The company said that sales of mini-segment cars slipped to 9,590 units in July 2023.

Apart from the earlier announced diversifications into fertilisers, surface coal gasification, aluminium business value chain and thermal power generation — AR highlights plans to explore acquisition of lithium, cobalt and nickel assets overseas.

Exports fell 9% to 2,540 units last month from 2,798 units the previous year, according to a regulatory filing by Mahindra & Mahindra.

The reports stated that Ambuja would announce the transaction as early as Wednesday.

PWGR commissioned Rs6.5bn worth of projects and incurred capex of Rs9.4bn in Q1FY24 vs Rs13.3bn and Rs7.6bn YoY, respectively on a standalone basis.

The A321 aircraft became popular among airlines because it allowed them to carry more people without investing in additional A320 pilot training.

On fixed broadband sub adds, JIO sustained its pace, which is 2x of Bharti Based on TRAI subscriber data, analysts of IIFL Capital Services maintain their est. of 3.3% QoQ mobile revenue growth for Bharti.