Auto Sector

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.

The company will use the net proceeds from the issue for repayment of existing borrowings and other corporate purposes.

Production of mini cars comprising Alto and S-Presso models was 11,348 units last month as compared to 19,396 units in the year ago period, as per the filing.

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

Production of 66.4 MTs for the month of December’22 was the highest in this fiscal so far.

Some profit- booking may be seen