News Overview

The agreement with EDC secured full ownership of 13 Q400 aircraft, resolving liabilities of nearly $91 million and yielding savings of ₹567 Crore.

The Alto, S-Presso, Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR are all part of Maruti Suzuki's Mini & Compact sector. Sales of these vehicles decreased by 2% year over year to 81,673 in March 2024 from 83,414 in March 2023. In the same time frame, UV sales recorded 58,436 units, a YoY growth of 57.7%.

With 21,317 units sold, domestic sales were 7% less than the same period the previous year.

Jio solidified its position in the telecom market with the addition of 41.78 lakh wireless subscribers, resulting in a total mobile user count of 46.39 Crore following the January gains.

The company is assessing the impact of these orders on its financial statements for the quarter and year ending March 31, 2024.

Leader in the PV market Maruti Suzuki India Limited (MSIL) saw a 15% increase in sales in March 2024, reaching 152,718 units, compared to 132,763 units in the same month the previous year.

ABFRL will concentrate on high-growth markets after the demerger, with favorable trends including the transition from unbranded to branded products, premiumization, the emergence of ultra-premium and luxury goods, and the quick expansion of Gen Z-focused digital-first businesses.

IRB Infrastructure stated in a statement that the SPVs paid the NHAI an upfront concession price of ₹6,111 Crore (TOT 12 - ₹4,428 Crore, TOT 13 - ₹1,683 Crore) and that they then obtained the designated dates for both projects from the NHAI.

Domestic sales in March 2024 were 4,59,257 units, down from 5,02,730 units in March 2023, while exports increased to 31,158 units from 16,612 units in March 2023.

At 5x/10x EV/sales for TCOM’s digital portfolio, March’25 fair value per share comes to ~Rs3,092/Rs5,292. This suggests significant upside, if TCOM’s Digital portfolio business achieves scale and drives re-rating. Analysts of IIFL Capital Services raise Mar’25 TP to Rs2,342. However, demand weakness could weigh on near-term financials and offer a better entry point. Maintain ADD.