News Overview

According to this agreement, the facility will produce 13.75 million units of clean energy from renewable sources.

Domestic passenger vehicle sales hit a record high in August, driven by Maruti Suzuki's highest-ever monthly dispatches and strong SUV demand

The subsidiary will conduct nonbanking financial activities without accepting public deposits

Mahindra & Mahindra and Tata Motors will be the OEM partners providing 3-wheelers for bottle distribution in four states

The stock was up 3.23% from its previous finish at Rs 131 as of 12:30 am on the BSE, while India's key Sensex increased by 0.08% to 65.436 points.

While the near-term inventory destocking at BE will consolidate Clean Energy revenues in FY24, the segment will rebound from FY25 with 35-40% Cagr revenues.

Analysts of IIFL Capital Services believe its twice-the-market growth rate in chronic segment led by Cardiac therapy and robust execution in acquired portfolios will continue to drive its sustained 400-500bps outperformance in domestic market.

Given the strong guidance, robust order book, differentiated positioning and top quartile growth, analysts of IIFL Capital Services believe the stock will revert to a premium vs mid-cap peers, as liquidity overhang is behind.

The pricing range for the offering has been established at Rs 93-98 per share

The project is awarded by Purvanchal Vidyut Vitran Nigam Limited