Hero Moto's Street appeal hinges on premium bikes, EV road map https://ift.tt/lnd5Yiq of triggers in the near term may keep the upside capped for the shares as many investors remain underweight on the country's largest two-wheeler maker despite institutional holding in the auto sector being close to a multi-quarter high.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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