Tue, Feb 20, 2024 12:35 PM
Kotak Mahindra Bank shares rally as management rejig reduces attrition risk
A Flip by Shubhangi Gupta
The promoters increased their stake in the company in Q4 FY24. The wholly owned subsidiary company of Insolation Energy, Insolation Green Energy Private Limited, has recently secured significant orders for the supply of Solar PV Modules Mono Perc M-10. The esteemed clients in this venture are APM Projects Private Limited and Rotomag Motors and Controls Private Limited.
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ICICI Securities research report on Indus TowerIndus Towers’ (Indus) Q4FY24 performance was good on two counts: 1) strong net tenancy addition at 7,909 despite 429 exits; and 2) strong cash collection including INR 3bn collected towards past dues and interest on over dues. This has improved Indus’ cash conversion in FY24 (vs. FY23), and despite a significant jump in capex.
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Shares of Newgen Software Technologies extended their upward trend for the eighth consecutive session, surging around 30 percent in the period to scale a record high of Rs 997.40 on May 2. The company's strong quarterly earnings and the management's upbeat growth outlook are the two key drivers fueling the bullish momentum in the stock.
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