Company's stock price down after it says that it expects revenue growth to be in mid single digits in March quarter.
While the growth forecast has been tempered down, however, the RBI’s measured stance should improve India as an investment destination.
The question was whether the RBI would also, like the US Federal Reserve, treat monetary policy and the banking crisis as discrete variables.
The investment objective of the Scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY Midcap 150 Index TRI (Underlying Index).
The RBI could go for “the higher for longer” narrative – staying on an extended pause in FY24 while tightening liquidity conditions.
The IPO comprises a fresh issue of shares up to Rs 324 crore and an offer for sale (OFS) of up to Rs 545 crore by promoters and selling shareholders.
In spite of weak realisations QoQ, profitability is expected to improve sequentially in Q4, owing to operating leverage benefits driven by higher volumes. Softening energy prices would further support Ebitda/t improvement in H1FY24.
It will distribute the commercial vehicles of Tata Motors in Thailand.
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