Auto Sector

Tata Motors is the country's first automaker to sell 50,000 electric passenger vehicles per year.

Mihir V. Shah, Executive Director, Vipul Organics Limited

Fiscal deficit levels have been a major challenge for the Indian economy in the last few years. It was 9.2% in FY21, 6.9% in FY22 and it is estimated at 6.4% in FY23.

Recommendation: Reduce; Target price: Rs2,700

Recommendation: Add; Target price: Rs3,000

The company said that it plans to open 40-50 stores for Popeyes in India in the next 12-18 months.

M&M said in a statement that the two parties signed an agreement to that effect on Wednesday at the World Economic Forum in Davos.

Initiative aligns with Government of India’s ‘Make in India’ efforts.

Gainers on Nifty were - Power Grid, Tata Motors, Adani Ports, SBI and HDFC Bank.

The Dividend shall be paid / dispatched to the shareholders on or before 30 days from the date of its declaration.