Auto Sector

On July 31, Maruti Suzuki India told stock exchanges that the company's board had accepted the termination of the contract manufacturing agreement with Suzuki Motor Gujarat Private Limited (SMG).

With record SIP inflows of Rs16,042 crore, It looks like systematic investing is here to stay in India.

Recommendation: Buy; Target Price: Rs 3050

Recommendation: Add; Target Price: Rs 1270

Recommendation: Buy; Target Price: Rs 1530

Among the key launches that are lined up: – DLF (Crest 2, New Gurgaon launch), Prestige (Hyderabad and Chennai), GPL (Ashok Vihar, Worli), Brigade (Chennai) and Oberoi Realty (Thane Pokaran launch).

The sharp fall in food inflation has tempered headline inflation, which is now inside the RBI 6% outer tolerance limit.

Analysts of IIFL Capital Services believe ISG data reconciles with healthy wins announced by Indian IT vendors; however, conversion to revenues could come with a lag.

On October 10, a US antitrust lawsuit regarding the cancer medicine Revlimid identified the pharmaceutical giant and a number of other drug manufacturers as defendants.

The assets under control of the company were worth Rs 47,957 crore as of September 30, up 34% from the same time last year.