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.
This week, Foxconn abandoned its Vedanta project, which was also intended for Gujarat, the home state of Prime Minister Narendra Modi, citing problems like poor progress.
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