Posts
Stock Market Live Updates: Gujarat Amuja Export receives consent to Establish (NOC) from Gujarat Pollution Control Board for setting up a 900TPD Corn Wet Milling Plant at Himmatnagar, Gujarat; stock surges 6%
Stock Market Live Updates: Gujarat Amuja Export receives consent to Establish (NOC) from Gujarat Pollution Control Board for setting up a 900TPD Corn Wet Milling Plant at Himmatnagar, Gujarat; stock surges 6%
Posted by
Able
on
- Get link
- Other Apps
Board of Sprayking Agro Equipment has approved raising of fund through Issuance of total 8,40,000 Convertible Warrants on a Preferential Basis at price of Rs. 207 per warrant to foreign investors namely Nexpact Limited and AG Dynamic Fund.
Board of Sprayking Agro Equipment has approved raising of fund through Issuance of total 8,40,000 Convertible Warrants on a Preferential Basis at price of Rs. 207 per warrant to foreign investors namely Nexpact Limited and AG Dynamic Fund.
Posted by
Able
on
- Get link
- Other Apps
L&T Construction awarded Rs 2,500 to 5,000 cr multiple orders for its Heavy Civil Infrastructure Business
L&T Construction awarded Rs 2,500 to 5,000 cr multiple orders for its Heavy Civil Infrastructure Business
Posted by
Able
on
- Get link
- Other Apps
Jefferies downgraded GAIL India to underperform with a target price of Rs 105. The June quarter was a weak print with misses in transmission and Petchem compensated by a beat in trading. Elevated gas costs should cap Ebitda growth in transmission. Petrochemicals and LPG will drag on weak pricing. The risk-to-reward ratio is unfavorable.
Jefferies downgraded GAIL India to underperform with a target price of Rs 105. The June quarter was a weak print with misses in transmission and Petchem compensated by a beat in trading. Elevated gas costs should cap Ebitda growth in transmission. Petrochemicals and LPG will drag on weak pricing. The risk-to-reward ratio is unfavorable.
Posted by
Able
on
- Get link
- Other Apps
EARNINGS IMPACT | Power Grid on Monday reported a 5% YoY fall in consolidated net profit to Rs 3,597 crore in the first quarter. It was Rs 3,801 crore in the year-ago period. The company's Board has also recommended issue of bonus shares in the ratio of 1:3. This means, for every three shares investors hold, they will get one additional share.
EARNINGS IMPACT | Power Grid on Monday reported a 5% YoY fall in consolidated net profit to Rs 3,597 crore in the first quarter. It was Rs 3,801 crore in the year-ago period. The company's Board has also recommended issue of bonus shares in the ratio of 1:3. This means, for every three shares investors hold, they will get one additional share.
Posted by
Able
on
- Get link
- Other Apps
The resilience of the mother market US, where the rally is spreading to the broader market, is supporting global markets. But the rally is stretching valuations beyond comfort levels. Sensex is now trading at 25 times trailing one-year earnings. It is important to note that the rally is driven by PE expansion, not commensurate earnings growth. The FY 24 Q1 earnings growth is muted except in banking and refineries. Results indicate that rural demand is yet to pick up in a meaningful manner.Even though Indian economy is in a sweet spot and it makes sense to remain invested, investors should be cautious in their fresh investment, particularly in chasing low grade small-caps.
The resilience of the mother market US, where the rally is spreading to the broader market, is supporting global markets. But the rally is stretching valuations beyond comfort levels. Sensex is now trading at 25 times trailing one-year earnings. It is important to note that the rally is driven by PE expansion, not commensurate earnings growth. The FY 24 Q1 earnings growth is muted except in banking and refineries. Results indicate that rural demand is yet to pick up in a meaningful manner.Even though Indian economy is in a sweet spot and it makes sense to remain invested, investors should be cautious in their fresh investment, particularly in chasing low grade small-caps.
Posted by
Able
on
- Get link
- Other Apps