Recommendation: Buy; Target Price: Rs 449
Recommendation: Buy; Target price: Rs 545
The manufacturer of the S-Presso and Eeco models, which were produced between July 5 and February 15, 2023, revealed that it is recalling 87,599 of those vehicles.
ITC will retain about 40% stake, with the remaining 60% held by the new entity's shareholders proportionate to their current shareholding in ITC.
It temporarily outpaced Hindustan Unilever's Rs 6.09 trillion valuation before settling lower at Rs 5.9 trillion.
Recommendation: Buy; Target Price: Rs 5150
Recall that in 2019, the company had proposed a proportionate tender offer route buyback of up to 6.10 crore shares from its equity shareholder.
Company could post strongest performance among peers.
Good performance likely on the cards.
The net profit for Q1FY24 reached Rs 313 crore
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