Auto Sector

As motorcycle manufacturers observe significant value and volume growth in this category, which sold over 800,000 units in FY23, competition in the 250cc-plus bike market is escalating.

In our NFO Pick section, this week we have picked a hybrid scheme.

Spot gold was down 0.1% at $1,952.58 per ounce. To $1,957.20, U.S. gold futures were down 0.4%.

The euro hovered just below that top at $1.1228 after rising 2.4% last week to a 16-month high. The yen maintained steady at 138.69 per dollar last week, rising 2.4% overall.

Brent crude futures were down 57 cents, or 0.7%, to $79.30 per barrel, while U.S. West Texas Intermediate crude was down 52 cents, or 0.7%, to $74.90 per barrel.

The partnership aims to cover a wide range of vehicles, including utility vehicles, light commercial vehicles, farm equipment, and tractors.

Petrol and Diesel prices in cities across India on 17-07-2023

Recommendation: Reduce; Target price: Rs 3500

The issue comprises fresh equity shares of worth Rs 206 crore and an offer-for-sale (OFS) component with promoters and shareholders offloading shares totalling Rs 425 crore.

As a whole, exports decreased from 14,25,967 units in the same period last year to 10,32,449 units in the first quarter that concluded on June 30, 2023.