Auto Sector

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.

Nestle India plans to invest Rs 894.10 crore in setting up this unit.

Moderating API costs and hence anticipated GM improvement lend comfort tour assumption of ~200bps Ebitda margin expansion for the Pharma sector over FY23- 25.

This will be in addition to a newly combined production division as a result of a board-level restructuring.

Bain is anticipated to purchase the company for Rs 1,500 crore, which is twice its book value, and inject Rs 500 crore of primary capital into it as growth equity.

These stocks have exceeded the market-wide position limit (MWPL) set by the exchanges, crossing the 95% threshold.