Auto Sector

Market size of Azacitidine injections in US in 2022 was $ 46 million

Positive start to the new year

On the sectoral front, banking index outperformed the counterparts.

India’s chemical sector has generated significant value for investors over the past decade, thanks to ‘China+1’ and favorable pricing tailwinds post COVID. However, with supply chain issues expected to ease in 2023 and low demand visibility in exports (non-agchem), analysts at IIFL Capital Services believe it is time to be selective on stock picking.

J S Auto Cast Foundry India Private Limited is a step-down subsidiary of Bharat Forge.

Auto volumes in December 2022 are strong enough for IIFL Capital Services’ FY23 industry growth estimates to be met across segments, but not sufficient to give confidence on FY24 growth. As highlighted in IIFL Capital Services’ 2023 Outlook report, they expect sharp deceleration in volume growth in FY24.

Indian IT sector underperformed broader markets by 25% in 2022. This is because normalizing IT demand, heightened supply-side pressures and rising yields — weighed on valuations, even as EPS downgrades were limited to single digits.

Zoom is creating significant value for companies in financial services industry

The company posted a total of two-wheeler sales of 2,47,024 units in December 2022 down by 23% from 3,18,769 units in the same month last year.

US markets closed for New year to reopen today even as investors worry over rising yields.