Healthy volumes, benign commodity costs, higher realisations in industrial systems and savings from operational excellence measures aided 14.2% OPM (-30bps QoQ/ +260 bps YoY).
The subscription period will open on August 8 and close on August 16
Recommendation: Buy; Target price: Rs 520
Recommendation: Reduce; Target price: Rs 23500
The proceeds from the fresh issue will be utilized for repaying debts, capital expenditure towards hospitals, and funding inorganic growth initiatives.
There have been about 20 Renault and Nissan models released from the plant in the past 13 years.
The securities put under the ban are Indiabulls Housing Finance and Delta Corp, as they have exceeded 95% of the MWPL
The talks come amidst narrowing discounts on Russian oil compared to previous quarters
Recommendation: Reduce; Target price: Rs 890
Recommendation: Buy; Target price: Rs 1350
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