Auto Sector

The IPO of Global Surfaces comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters.

Jawa will replace Sanjiv Mehta.

Analysts at IIFL Capital Services analyzed Cognizant’s (CTSH’s) recently published 10-K filing and found interesting observations.

The latest IIP number for January 2023 (IIP is announced with 1-month lag) came like a whiff of fresh air.

Folios are the best barometer of genuine retail spread of fund demand.

After six consecutive months of progressively higher month-on-month SIP flows, February 2023 saw systematic investment plan (SIP) flows taper marginally by 1.23% to Rs13,686 crore.

On Friday, 10th March 2023, the regulators shut down Silicon Valley Bank (SVB Financial) leading to almost a mini crisis in banking and financial stocks. The impact was felt even in India as the Bank Nifty took a hard knock.

In conversation with Sheetal Agarwal of IIFL, management discusses the company's strengths, strategies and future fund raising plans.

Spot gold prices up by 0.5% in early trade.

NJ ELSS Tax Saver Fund seeks to provide diversification across equity and equity related instruments to generate long-term capital appreciation.