Auto Sector

During a media roundtable, Suresh Narayanan, Chairman, and Managing Director of Nestlé India, said that this comprises around Rs 894 crore of investments in the new factory in Odisha.

Juniper Green Energy has secured 1.2 GW of renewable energy capacity through recent PPAs/LOAs (power purchase agreements and letters of award), according to a company release.

According to the corporation, the four brands are distributed around the mid-market and premium portions of the customer value pyramid.

L&T Construction has received an order from RVNL to execute an Underground Metro Project in Kolkata.

In another development this year, Hero MotoCorp has come under government scrutiny.

Standalone net profit for the quarter declined by 5.9% to Rs 3,542.7 crore compared to last year

According to a press release, the bank sold the 15-year infrastructure bonds on Monday with a rate of 7.54%, marking an aggressive spread over the similar government security curve of such a tenure.

Mahindra also invests about Rs 12 crore in its Software Defined Vehicle Centre in Coimbatore.

Recommendation: Add; Target Price: Rs 655

The company intends to fund both residential and commercial projects, keeping the fund size between $100 million and $200 million.