On the sectoral front, Nifty IT and Pharma stocks are trading about 1% higher.
The Cupertino, California-based company is embarking on a multiyear strategy to diversify its manufacturing away from China.
Recommendation: Reduce; Target price: Rs 3040
After the iPhone, AirPods will be the second product category produced in India.
The company's profit after tax (PAT) stood at Rs 296.19 crore in Q1 FY24
The product will be available from September 2023 onwards.
Utilizing the abundant and emission-free green energy from sources like wind and sunlight in regions such as Gujarat and Rajasthan, AGEL is contributing to the nation's carbon reduction efforts.
Quintillion Business Media operates the digital media platform BQ Prime, which specializes in business and financial news.
Recommendation: Buy; Target price: Rs 685
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