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Jyoti Structures has secured a Rs 450 crore order from Adani Energy Solutions, leading to a 5% surge in its shares on October 23. This project involves the turnkey execution of the 765 kV DC Bhuj II-Lakadia transmission line in Gujarat, with a completion timeline of 18 months, expected by April 2026. The company's market capitalization stands at Rs 2,100 crore.
KPIT's board has approved a fundraise of Rs 2,880 crore through a qualified institutions placement (QIP). For the quarter ending September 30, 2024, the company reported a flat consolidated net profit of Rs 204 crore, with an 8% increase in revenue to Rs 1,471 crore compared to the previous quarter. EBITDA rose 4% to Rs 301 crore, while the EBITDA margin decreased to 20.5%.
The Healthcare Talent Acquisition Platforms Market report forecasts significant growth from 2024 to 2031, detailing market size, CAGR, and key players like Workday and Oracle Taleo. It offers insights into technological advancements, business models, and regional dynamics, while addressing challenges and opportunities within the industry. Comprehensive data analysis and company profiles enhance understanding of market trends and strategies for stakeholders.
UBS Global Wealth Management advises investors to increase allocations in Indian stocks despite recent market stagnation, attributed to a revival in China and temporary growth slowdowns in India. With India projected to grow at around 7%, it remains one of the fastest-growing economies in the G20, presenting a strategic opportunity for investment.
Waaree Energies' IPO has garnered significant interest, achieving a 13x subscription by Day 3, with a market valuation exceeding Rs 43,000 crore post-issue. Although the grey market premium (GMP) has recently dipped to Rs 1,370-1,375, it still indicates potential listing gains of over 90%, reflecting strong demand for shares in India's solar energy sector.
Rashesh Shah, Chairman of Edelweiss Group, views the reduction of promoter stakes in Indian companies as a positive trend for business longevity, promoting better governance and institutional ownership. He highlights that high promoter ownership limits broader market participation and emphasizes the growing shift of Indian savings from banks to equities, fostering a more investment-oriented culture.
Brokerages have raised their target prices for Bajaj Finance following a strong Q2 performance, with Phillip Capital setting a target of Rs 10,000 per share and projecting over 30% annual growth through FY27. HDFC Securities also maintains a positive outlook, targeting Rs 8,600 per share, while anticipating a 23% CAGR in assets under management despite some near-term asset quality concerns. The company's new tech initiatives and focus on profitability are expected to drive sustained growth.
Moneycontrol Pro has achieved a significant milestone by surpassing 1 million paid subscribers, marking an unprecedented accomplishment in India's digital financial landscape. Users have praised the platform for its exceptional research and analysis, which has reportedly led to substantial growth in their investments and trading activities. To celebrate this achievement, a bell-ringing ceremony was held at the National Stock Exchange, attended by key industry leaders.
GFCL EV, a subsidiary of Gujarat Fluorochemicals, is set to raise additional funds following a recent Rs 1,000 crore investment from family offices and other investors. The company, which focuses on manufacturing critical materials for lithium-ion batteries, aims for a 7% share in the global electric battery chemicals market. Promoters have already invested Rs 1,500 crore in equity and plan to support future growth through external funding rather than internal accruals.
Zydus Lifesciences' shares rose over 2% following the company's receipt of in-principle approval from the WHO for its ZyVac TCV vaccine, making it eligible for UN procurement. The stock has gained over 44% year-to-date, significantly outperforming the Nifty 50 index. ZyVac TCV is an indigenously developed typhoid vaccine for individuals aged 6 months to 65 years, manufactured at Zydus Biotech Park in Ahmedabad.
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Jyoti Structures secures 450 crore order from Adani Energy Solutions
09:38 23.10.2024
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09:30 23.10.2024
investors encouraged to increase allocations in indian stocks despite market challenges
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