Stocks of auto OEMs and component makers have fallen sharply due to FII sell-offs and earnings downgrade expectations. The upcoming Union Budget is anticipated to address industry demands for GST rate simplification, hybrid vehicle GST reduction, and improved PLI schemes. Despite superior 1-year returns, the BSE Auto index has struggled over the past six months.
Shri Hare-Krishna Sponge Iron IPO opens for subscription. All you need to know before subscribing
Shri Hare-Krishna Sponge Iron Ltd’s IPO, a fresh issue of 50.70 lakh shares priced between Rs 56 and Rs 59, opens on June 24, 2025,