Auto Sector

In a recent meeting with analysts at IIFL Capital Services, management of Altigreen discussed the focus on ownership of key tech (BMS, traction motor, transmission system), developed through extensive customer research and in-house R&D. This should be the moat to offer best value.

The outlook for the overall pharma sector for 2023 remains mixed. US generic market continues to be challenging, with high-single-digits to low-double-digits price erosion across companies. Additionally, with USFDA plant inspections picking up, regulatory risk for export-focused companies has increased, with a spate of warning letters/import alerts across plants. Comparatively, the domestic India Pharma Market (IPM) continues to clock a secular 10-11% growth for the industry.

Airtel 5G Plus now works on all Android and Apple supported 5G devices.

The issue was subscribed just 53% during December 23-27, but the IPO was sailed through after the company reduced its offer-for-sale component.

On Nifty, the IT and Metal index underperformed by tumbling around 0.56% and 0.75% respectively.

Here are some stocks that may show significant price movement today.

US equity markets ended the day in red yesterday.

Railways achieve Freight loading of 1109.38MT till December 22.

The company is selling its shares in the range of Rs 61-65 apiece between December 30 to January 4.

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