Since April 2023, Brent has seen a 11% decrease. This is despite OPEC+ decision of cutting down Oil production, due to various factors including the global economic conditions, rising interest rates, etc. GRMs have also shown weakness during the same period.
The debt is in the form of dollar-denominated bonds, due for maturity in 2024.
The Rs 3200 crore IPO includes fresh issue worth Rs 1,400 crore and an OFS up to Rs 1,800 crore.`
Agchem supplies for generic products continued to surge from China, resulting in price corrections in 10-30% range.
Recommendation: Reduce; Target Price: Rs 182
ABFRL has announced that it has entered into definite agreements to acquire TCNS Clothing. Acquisition would help ABFRL bridge a gap in its current portfolio with addition of strong brands in the Women’s Ethnic Wear category.
Healthy performance expected from the company
Analysts at IIFL Capital Services recently analyzed the shareholding movements across companies, market caps and sectors in MSCI and NSE 500. They also analyzed sectoral positioning of FIIs and DMFs.
Recommendation: Buy; Target Price: Rs 2700
Recommendation: Add; Target Price: Rs 835

IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
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, PMS SEBI Regn. No: INP000002213, 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

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.