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Loretta Mester, president of the Cleveland Federal Reserve Bank, stated that she anticipates price pressures to lessen further this year, enabling the Fed to lower borrowing costs

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Ruchir Tiwari will continue to oversee the Hindi Movies cluster, while Vishnu Shankar will lead Hindi GEC and TV, as well as the FTA section.

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Analysts of IIFL Capital Services expect Indus to reinstate dividend from FY25 as it again starts generating healthy FCF (dividend payout policy is 100% of FCF). The stock is attractive at 4.5%/7.2% FY25/26 dividend yield.

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Stretched valuations in the near term, however, cap upsides while analysts of IIFL Capital Services forecast a modest Sales/PAT Cagr of 21/18% in CY23-26 with moderation in OPMs.

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U.S. oil futures were trading 2 cents higher at $82.71 a barrel, while Brent futures were up 10 cents, or 0.11%, at $87.39 a barrel.

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Biomm's Nova Lima production facility is dedicated to the development, manufacture, and commercialization of complex biotech and biosimilar medicinal products.

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The facility is deemed to be in an acceptable state of conformity with current good manufacturing practices (cGMP)

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Aggarwal also restated the company's goal of reaching an annual Group EBITDA of $7.5 billion within two years

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Overall MF AUM fell in March, but retail shares further improved in the month.

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RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, IA SEBI Regn. No: INA000000623, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
ARN NO : 47791 (Date of initial registration – 17/02/2007; Current validity of ARN – 08/02/2027), PFRDA Reg. No. PoP 20092018, IRDAI Corporate Agent (Composite) : CA1099

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