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At 5x/10x EV/sales for TCOM’s digital portfolio, March’25 fair value per share comes to ~Rs3,092/Rs5,292. This suggests significant upside, if TCOM’s Digital portfolio business achieves scale and drives re-rating. Analysts of IIFL Capital Services raise Mar’25 TP to Rs2,342. However, demand weakness could weigh on near-term financials and offer a better entry point. Maintain ADD.

Passenger car wholesales increased 6% from 5,41,087 units in FY2022-23 to 5,73,495 units in the most recent fiscal year.

Domestic sales in March 2024 were 4,59,257 units, down from 5,02,730 units in March 2023, while exports increased to 31,158 units from 16,612 units in March 2023.

Leader in the PV market Maruti Suzuki India Limited (MSIL) saw a 15% increase in sales in March 2024, reaching 152,718 units, compared to 132,763 units in the same month the previous year.

The company is assessing the impact of these orders on its financial statements for the quarter and year ending March 31, 2024.

According to polls and data, factory activity declined in several Asian economies in March, but there were some encouraging signals in South Korea and China.

ABFRL will concentrate on high-growth markets after the demerger, with favorable trends including the transition from unbranded to branded products, premiumization, the emergence of ultra-premium and luxury goods, and the quick expansion of Gen Z-focused digital-first businesses.

IRB Infrastructure stated in a statement that the SPVs paid the NHAI an upfront concession price of ₹6,111 Crore (TOT 12 - ₹4,428 Crore, TOT 13 - ₹1,683 Crore) and that they then obtained the designated dates for both projects from the NHAI.

TPREL's total renewables capacity now stands at an impressive 9,018 MW, with 7,632 MW under power purchase agreements (PPAs).

To demonstrate its dedication to emerging technologies, the corporation plans to spend more than 30 billion euros on research and development until 2025. It is crucial to be able to combine many technologies to create a whole system.