News Overview

March 2024 witnessed the highest-ever coal production of 88.6 MTs for any month, according to company data.

Usually, actual results are 2-3% better than provisional results, implying high probability of BHE meeting its revenue guidance, thus delivering strong operating leverage led earnings growth of >25% for FY24. Analysts of IIFL Capital Services keep forecasts unchanged; reiterate BUY with revised TP of Rs252 (19% upside) given higher certainty on earnings and attractive relative valuations at 29xFY26 EPS.

Gold fell from a record top; the metal does best when yields are declining.

Patel Retail, a supermarket chain focusing on tier-III cities in Maharashtra, has filed a DRHP with SEBI for its initial public offering (IPO).

The Securities and Exchange Board of India (SEBI) has given the go-ahead for two companies to launch their initial public offerings (IPOs).

In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes.

The commercial vehicle maker experienced a 4% year-on-year decline in total vehicle sales, amounting to 22,866 units in March 2024. Within this, domestic sales decreased by 7%, reaching 21,317 units during the same period. Specifically, medium and heavy commercial vehicle sales witnessed a 7% year-on-year drop, totaling 15,562 units in March 2024.

Following three days of gains, investors may opt for profit booking, leading to a pullback.

At 2:30 pm on the BSE, Eicher Motor shares were down 1.61% at ₹3,954.85 after the monthly business update.

Leading the gains on the Nifty were Tata Steel, JSW Steel, Adani Ports, Shriram Finance, and Divis Labs. Conversely, Eicher Motors, Titan Company, Bajaj Auto, LTIMindtree, and Nestle were among the top losers.