Auto Sector

The lender will start discussions are likely to start around May and by the end of the first quarter.

ManKind Pharma is one of the largest pharma companies of India, which focuses on the development of a diverse range of pharma products.

The Association of Mutual Funds of India (AMFI), apart from releasing the monthly and quarterly details of mutual fund flows, also discloses some key trends.

Ipca’s acquisition of Unichem for Rs18 billion (59% stake) has understandably raised capital allocation concerns, given the deal would increase Ipca’s exposure to inherently low-margin, low returns US/Exports business, and company’s India formulations revenue share will also decline from ~45% to ~37% post the deal.

Recommendation: Buy; Target price: Rs 5000

IIFL Capital Services’ CY23 Outlook note mentions that they expect FMCG growth to revive as macro indicators improve. While real wage growth has improved, it is still about zero.

Recommendation: Buy; Target price: Rs 5330

Recommendation: Buy; Target price: Rs 2150

Federal Open Market Committee, the U.S. central bank's rate-setting will meet on May 2-3.

Brent crude rose by 16 cents, or 0.2%, to $80.93 a barrel by 0006 GMT.