Auto Sector

In Q4, Paints sector saw revenue rebounding to 12% YoY (3% in Q3), driven by improving demand conditions aided partially by a favorable base.

Spot gold increased 0.2% to $1,965.61 per ounce. Futures for U.S. gold increased 0.2% to $1,965.20.

Investors in Europe and the Middle East have reportedly shown a lot of interest.

In the 12th edition of their “Quirks of the Quarter” series, analysts at IIFL Capital Services explore 12 themes ranging from sectoral topics such as front ending of margin expansion, unusual price hikes in QSR and company-specific issues in Dabur, Varun Beverages, United Spirits, among others.

Analysts of IIFL Capital Services see Power demand growing at 5-7% in FY24, even if some industrial load switches back to captive units.

The dollar fluctuated in Asian trading and hardly responded to the vote, with the euro increasing 0.04% to $1.06895 against the dollar.

He graduated from BIT Sindhri as a metallurgical engineer, and as a Management Trainee (Technical), he began working for SAIL in 1991.

Recommendation: Buy; Target Price: Rs 5315

Abrdn (Mauritius Holdings) 2006 Ltd owned more than 3.56 crore shares, or 1.66% of Mumbai-based HDFC Life, as of the March quarter.

Q4FY23 real GDP accelerated to 6.1% YoY versus 4.5% in Q3 (GVA 6.5%) - significant beat versus consensus estimates of 5%. FY23 real GDP grew 7.2% YoY (GVA 7%). On the demand side, growth was led by investments and exports while consumption (Private and Government) continued to struggle.