News Overview

The firm is planning a leadership transition, and an announcement will most likely be made later this month.

The products are created with a proprietary Green Ready Mix Technology that maximises green impact by reducing CO2 emissions by up to 100%.

Jagad was previously a member of the Nykaa leadership team.

Average P/E ratio of Nifty Consumer Durables Index is currently 56.32

On the sectoral front, banking index outperformed the counterparts.

The Ministry of Coal will undertake additional 19 First Mile Connectivity (FMC) projects with a capacity of 330 million tonnes.

India’s chemical sector has generated significant value for investors over the past decade, thanks to ‘China+1’ and favorable pricing tailwinds post COVID. However, with supply chain issues expected to ease in 2023 and low demand visibility in exports (non-agchem), analysts at IIFL Capital Services believe it is time to be selective on stock picking.

Today, the CoC and its advisors will review and compare the plans received for Reliance Capital.

J S Auto Cast Foundry India Private Limited is a step-down subsidiary of Bharat Forge.

Auto volumes in December 2022 are strong enough for IIFL Capital Services’ FY23 industry growth estimates to be met across segments, but not sufficient to give confidence on FY24 growth. As highlighted in IIFL Capital Services’ 2023 Outlook report, they expect sharp deceleration in volume growth in FY24.