Auto Sector

Strong margin performance likely

Total merchandise trade for calendar 2022 touched an all-time high of $1.15 trillion with total merchandise exports of $432 billion and total merchandise imports of $718 billion.

The impact of the sharp spike in repo rates by 225 basis points is most visible in the fall in WPI inflation.

All sectoral indices ended the day on a mixed note with Nifty FMCG (+1.2%).

The promoters of the company Akshay Bansarilal Arora and Shiven Akshay Arora - will sell up to 21,683,178 equity shares.

Nifty FMCG index outperforming by rising over 1%.

The IPO will include fresh issue of equity shares worth up to Rs 400 crore and an offer for sale up to 9,600,000 equity shares.

ICRA expects the Government to maintain its focus on incentivising investments across the textile value chain : ICRA Research

Operating Profit highest ever at Rs 1274 crore.

Analysts at IIFL Capital Services attended the Auto Expo 2023 being held in Delhi-NCR. The event was relatively low on excitement, with most 2W ICE OEMs and few PV OEMs giving it a miss.