Auto Sector

The month of September 2023 saw the overall mutual fund AUM crossing the Rs47 trillion mark for the first time.

ASK Automotive, ESAF Small Finance Bank, and Cello World have received approval from the Securities and Exchange Board of India (SEBI) to proceed with their fundraising plans via initial public offerings (IPOs).

Investors with very high risk appetite and want to invest for 7 to 10 years to diversify their portfolio in small cap companies should invest in Quantum Small Cap Fund.

Recommendation: Buy; Target price: Rs 660

Recommendation: Add; Target price: Rs 4450

IRM Energy's IPO aims to raise Rs 545.4 crore

Recommendation: Buy; Target price: Rs 9600

Although Aurobindo and Zydus are their preferred picks from the US-focused generic companies, their absolute top-picks in the sector include Sun Pharma, Mankind, JB Pharma and Alkem.

According to the International Diabetes Federation (IDF), the prevalence of diabetes in India is expected to increase to 125 million by 2045, of which 77% would have uncontrolled diabetes.

Net premium income increased by 5% to Rs 10,022 crore in the reporting quarter compared to Rs 9,581 crore in the corresponding quarter last year.