Auto Sector

The company has proposed an investment of Rs 4067.27 crore for the implementation of advanced metering infrastructure projects.

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.