Auto Sector

The IPO is offered in a price band of Rs 113 to Rs 119 per equity share.

Excluding deal-related amortization expenses, the Biogen Biosimilars deal could add 24% and 29% to Dr. Reddy’s FY24 revenue and profits on a pro-forma basis.

Analysts of IIFL Capital Services earnings estimates now factor normalised levels of margins across companies.

These are the fund categories across debt, equity, passive and hybrids that have an AUM (assets under management (AUM) of more than Rs. 1 lakh crore (1 trillion).

Spot gold was down 0.1% to $1,914.61 per ounce, while U.S. gold futures were down 0.2% to $1,933.30.

U.S. West Texas Intermediate crude futures were trading 1 cent lower at $89.67 and Brent crude futures were down 11 cents at $93.18 a barrel.

The euro dropped overnight by 0.5% as U.S. rates increased, reaching a six-month low of $1.0575 and heading for its worst quarterly decline in a year, down roughly 3%.

Investors with moderate risk appetite and want to invest for 1 to 3 years to diversify the portfolio in government securities should invest in Kotak Nifty G-Sec July 2033 Index Fund.

The Pre-Market Inspection took place between August 23 and August 26, 2023.

Updater Services, based in Mumbai, aims to raise Rs 640 crore through the initial public offering at the upper end of the price band.