Auto Sector

The company is offering its shares at a price band of Rs 412-436 per share and investors can bid for 34 shares in one lot and in multiples thereof.

Analysts at IIFL Capital Services have initiated coverage on Prestige Estates Projects Ltd (PEPL) with a Buy rating and target price of Rs540/share.

At the investor day, Hindalco management fine-tuned the FY24-26 capital allocation towards US$4.4 billion prioritized growth capex with stable leverage and 10% shareholder returns.

The company is raising Rs 150 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.

FY23 was a strong year for Auto, with key segments clocking 12-49% volume growth versus FY22. However, YoY growth moderated over the course of FY23.

The company is raising Rs 200 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.

This can be attributed to the pressure of higher core inflation

JP Chalasani will be the new CEO.

FCCB is foreign currency convertible bonds.

US dollar index down by 0.5%.