Fri, Oct 18, 2024 11:03 AM
Brokerages cut target price on Havells India following Q2 margin miss
A Flip by Shubhangi Gupta
Ace investor Vijay Kedia has increased his stake in auto component manufacturer Precision Camshafts Ltd. during the July-September 2024 quarter. The small-cap stock has seen a decent rally and has jumped over 26% in one week. Vijay Kedia, through his firm, Kedia Securities Pvt Ltd purchased 10,00,000 shares, representing a 1.05% stake, in Precision Camshafts during the September quarter.
Open Flip
Aether Industries' Sept quarter profit dropped 4.4% YoY to ₹35 crore, but revenue rose 21.2% to ₹198.7 crore, with EBITDA up 16.6% to ₹53.4 crore. The company also secured a 3-year contract with Seqens to produce natural bio-based products, with production starting in 10 months. Aether Industries' shares traded 0.79% lower at ₹917.30.
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National Securities Depository Limited (NSDL), one of the largest securities depositories globally, announced on Friday, October 18, that it has reached a significant milestone of Rs 500 lakh crore (US $6 trillion) in assets held in custody. This achievement marks a rapid increase in NSDL’s asset base. It took 18 years to reach Rs 100 lakh crore in June 2014.
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