Auto Sector

The Board of Directors of Britannia has announced n Interim Dividend of Rs 72/share of the face value of Re 1 each.

Recommendation: Buy; Target price: Rs 3,600

Uttam Tibrewal also has been re-appointed as the whole-time director.

The investment objective of the scheme is to seek to provide returns that correspond to returns provided by UTI Silver ETF by investing in units of UTI Silver ETF.

There is finally good news on the inflation front. Headline inflation for the month of March 2023 was lower than February 2023 by a full 78 basis points.

The index of industrial production (IIP) has been on an uptrend since December 2022 and the trend continued in February 2023 also.

If February 2023 was an encouraging month for US inflation, March 2023 was a reason to celebrate.

The MoU encompasses new cars, used cars, and commercial vehicles.

This is, perhaps, for the first time that the Fed mintues have explicitly used the word “recession” in their minutes.

Reliance Retail has its presence spread across grocery, consumer electronics, pharmacy, fashion and lifestyle, with brands such as Reliance Fresh, Reliance Digital, Trends and Ajio.com.