Auto Sector

July sales rose 32 % year-on-year to 73,117 units.

The company's net profit increased to Rs 726 crore, up from Rs 566 crore in the year-ago period.

On FY24 growth expectations, Anup Bagchi said “If you look at month-on-month growth, our May and June were better than April. For the quarter there was a little bit of compression on the margin and the APE. So that led to a little bit of compression on VNB.”

The NCLT order had rejected IDBI Bank's plea to initiate insolvency proceedings against Zee Entertainment

EBITDA increases by 24.9 % YoY to Rs 114.3 crore

NSE Board decided to double the SGF corpus from Rs50bn to Rs100bn over the next few years. In this regard, NSE has started contributing 2% of transaction revenues (Rs2bn) to its SGF corpus, and it would also make an ad-hoc transfer to this fund (Rs14bn transferred at the end of Q1FY24).

Petrol and Diesel prices in cities across India on 02-08-2023

Recommendation: Add; target price: Rs 1779

The revenue for the same quarter stands at Rs 8,713 crore, showing a 9 % YoY increase

The company stated that sales of medium and heavy commercial vehicles (M&HCV) jumped by 17% to 9,571 units.