Auto Sector

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.

The industry seeks a reduction in the levies to ease the financial burden on the sector: ICRA Research

Brij Bhushan, Vice Chairman and Managing Director - Shyam Metalics

Any policy announcement that incentivises use of domestically-produced steel would boost domestic steelmakers: ICRA Research

Total Advances increased from Rs43638.49 crore as on December 31, 2021 to Rs171043.02 crore as on December 31, 2022.

Provisions for bad loans likely to come down sharply in the quarter.