Auto Sector

Navin Fluorine International showcased its Dahej facility to analysts recently.

Divi’s stock has rallied 15% over the past one month, following robust exports data for March/Q4FY23, where the company benefitted from Sacubitril CS shipments of USD37 million to Novartis in Q4.

Jio’s 1.7% sequential EBITDA growth in Q4FY23 was in line with estimates of IIFL Capital Services.

The group will likely begin with a first tranche amounting to anywhere between $250 million and $300 million in the current quarter

Analysts at IIFL Capital Services have updated their India macro dashboard – an Excel heat-map on various facets of Indian economy, including Industrial activity, Consumption, Unemployment, Banking, Inflation, Public Finance, Foreign Trade and Capital Markets.

Recommendation: Buy; Target price: Rs 2,712

Weakness in international markets to pull down overall performance.

It added that the company is taking required measures and corrective steps but there will be a temporary pause

Double digit growth expected across revenue and net profit.

Declining export sales could weigh on revenue as well as profitability.