Auto Sector

Presently the company has 260 hotels.

20.50 million tonnes of fuel was consumed by the country in March.

Strong performance likely by the IT giant

Positive hangover of pausing of interest rate hikes continued today.

Starting April 1, 2023, Bajaj Auto will take charge of all 15 Triumph Motorcycle dealerships.

Markets will breathe some sigh of relief after pause in interest rate hikes.

Analysts at IIFL Capital Services forecast upstream companies to register 7-18% YoY PAT growth in Q4, on low oil but higher gas prices.

CGDs will see input costs falling when the outlook on volume growth is strong.

RBI MPC paused and maintained policy rates at 6.5% unanimously — as expected but positively surprising the consensus (+25bps hike).

Near-term earnings growth visibility is high, with PHNX stabilising ~4msf of malls over next 2-3 quarters, driving >40% increase in rental income over this period.