Auto Sector

The group has made the decision to sell the land lot in order to pay off its Rs 3,969 crore debt. Over the past year, it has already repaid debt of Rs 900 crore.

Ahead of the issue opening, the company raised Rs 616.5 crore from anchor investors.

The company has fixed a price band of 156-164 per share, where investors can bid for 90 equity shares in one lot, and its multiples thereof.

On the first day of the subscription, the IPO witnessed a 25% subscription rate.

It was a cGMP inspection, and there had been NIL observations at the end of it.

This centre will make use of Microsoft's portfolio of cybersecurity technologies, specifically the Microsoft Sentinel, Microsoft Defender for Endpoint, and Defender for IoT (Internet of Things) solutions.

Focus on higher captive production of pellets and coking coal will lower the cost structure incrementally. Analysts of IIFL Capital Services continue to like JSPL and Tata Steel.

SIPs and NFOs continued to play a major role in driving flows into equities.

If July 2023 saw a minor bounce in inflation of just 20 bps, the month of August 2023 saw inflation go up by a decisive 50 bps from 3.20% to 3.70%.

The price of benchmark Brent crude increased 17 cents to $92.05 per barrel, while West Texas Intermediate crude (WTI) increased 19 cents to $88.71.