Auto Sector

The ban was imposed as these stocks exceeded 95% of the MWPL, according to the NSE.

The domestic business grew 6.2% (5.5% excl. exports) driven by Foods, Home care and Digestives segments clocking double-digit growth.

For the fourth consecutive month, the consumer price index (CPI)-based inflation stayed within the Reserve Bank of India's (RBI) tolerance range of 2–6%.

Hindalco aims to focus on its core businesses and reduce its debt through the sale.

Granular AQ disclosures show that it had net slippages of only 0.4% in FY23 thanks to lower gross slippages and strong recoveries.

Recommendation: Buy; Target price: Rs. 3,600

The DGFT stated that imports covered by a current India-UAE CEPA TRQ "shall be permitted freely without any import licence."

The payment date for the interim dividend has been set as August 1, 2023.

Recommendation: Add; Target price: Rs. 1,050

In its most recent annual salary review, the company increased the pay of excellent performers by 12 to 15% and started the promotion cycle.