Auto Sector

Recommendation: Reduce; Target price: Rs. 360

Analysts of IIFL Capital Services believe ISG data reconciles with healthy wins announced by Indian IT vendors and gives comfort on revenues being relatively resilient once macro stabilizes.

Recommendation: Buy; Target price: Rs. 160

The public issue of Senco Gold witnessed exceptional demand, with a subscription of 73 times from July 4-6, raising a total of Rs 405 crore.

The month of June 2023 saw US consumer inflation at 3% for the first time since March 2021.

Here are some stocks that may show significant price movement today.

The IPO consists of a fresh sale of 20 crore equity shares, and investors can bid for a minimum of 600 equity shares and in multiples thereafter.

Investors interested in the IPO can purchase shares within a price range of Rs 475-500 per share, with a lot size of 30 shares and its multiples.

The deadline for submission of resolution plans by the prospective buyers is August 24, 2023.

The decision was made to avoid overlapping with the expiry of Sensex/Bankex F&O contracts relaunched by BSE in May 2023.