News Overview

The business began selling its made-in-India cars in 2012; it presently offers the entry-level Kwid, the small SUV Kiger, and the multipurpose Triber.

The power would be sold by PTC India to different utilities as well as business and industrial customers.

If April 2023 was a distinctly positive month for the equity markets, then May 2023 built on that momentum.

Analysts of IIFL Capital Services preferred picks are HG Infra and PNC among Road players and Powermech Projects.

In Q4, Paints sector saw revenue rebounding to 12% YoY (3% in Q3), driven by improving demand conditions aided partially by a favorable base.

Spot gold increased 0.2% to $1,965.61 per ounce. Futures for U.S. gold increased 0.2% to $1,965.20.

The company envisions that the new app will help in expanding its digital business.

Investors in Europe and the Middle East have reportedly shown a lot of interest.

In the 12th edition of their “Quirks of the Quarter” series, analysts at IIFL Capital Services explore 12 themes ranging from sectoral topics such as front ending of margin expansion, unusual price hikes in QSR and company-specific issues in Dabur, Varun Beverages, United Spirits, among others.

Analysts of IIFL Capital Services see Power demand growing at 5-7% in FY24, even if some industrial load switches back to captive units.