Hindalco aims to focus on its core businesses and reduce its debt through the sale.
In its most recent annual salary review, the company increased the pay of excellent performers by 12 to 15% and started the promotion cycle.
Recommendation: Buy; Target price: Rs. 3,600
For the fourth consecutive month, the consumer price index (CPI)-based inflation stayed within the Reserve Bank of India's (RBI) tolerance range of 2–6%.
The ban was imposed as these stocks exceeded 95% of the MWPL, according to the NSE.
The payment date for the interim dividend has been set as August 1, 2023.
The domestic business grew 6.2% (5.5% excl. exports) driven by Foods, Home care and Digestives segments clocking double-digit growth.
Recommendation: Add; Target price: Rs. 1,050
The DGFT stated that imports covered by a current India-UAE CEPA TRQ "shall be permitted freely without any import licence."
Granular AQ disclosures show that it had net slippages of only 0.4% in FY23 thanks to lower gross slippages and strong recoveries.
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