Auto Sector

Divgi TorqTransfer, an auto components maker has fixed a price band of Rs 560-590 a share. The company will raise Rs 412 crore on the upper price band.

The Committee will submit its report within 2 months.

Coal India has reported healthy 14% YoY production growth in 11MFY23, and is well on track to exceed the 700mt target. Offtake grew 5% YoY in 11MFY23. Healthy end February 2023 inventory levels at 50mt (up 17%), combined with better overall supply situation and moderate global coal prices, should keep e-auction premiums at current or lower levels in near term.

Auto volumes in February 2023 were marked by a positive surprise in MHCV and a negative surprise in 2Ws. The big picture is that the rate of YoY growth is moderating.

As per the reports, the company has also raised more than Rs 185 crore from anchor investors.

In most countries, the central bank has an implicit dual mandate.

After FPI remained net sellers in the month of January 2023, the trend repeated in February 2023, albeit to a much lesser extent.

After this acquisition Bharat Forge owns 100% stake in Ferrovia.

Resignation after Blinkit decides to enter Urban Company's line of business.

The anchor investor will open on March 10, as per the red herring prospectus filed with SEBI on Tuesday.