Wed, Apr 24, 2024 9:33 AM
FPIs lap up power, financial services stocks in April
A Flip by Shubhangi Gupta
JSW Infrastructure will maintain a compound annual growth rate (CAGR) of 15-17% on volumes over the next five to seven years, says Arun Maheshwari, Joint Managing Director and Chief Executive Officer. The company's shares were down over 2% despite a good set of earnings for the fourth quarter with a healthy growth in revenues and profit, and a surge in the cargo handled volumes.
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US private equity firm KKR & Co. has agreed to acquire Bengaluru-headquartered Healthium Medtech Ltd from UK private equity firm Apax Partners for an undisclosed sum.The acquisition will be made by a special purpose vehicle owned by KKR-managed funds, which will acquire a controlling interest in Healthium group, including Healthium, KKR announced on Monday.
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CarTrade Tech shares jumped 14% to the day's high of Rs 857.80 on the NSE on Monday after the multi-channel auto platform reported its highest ever revenue of Rs 161 crores for the quarter ended March 31, 2024, registering a 38% year-on-year growth. The profit after tax (PAT) for the reported quarter stood at Rs 24.97 crores, resulting in YoY growth of 43%.
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