Wed, May 8, 2024 9:49 PM
L&T Q4 results: Siddhartha Mohanty appointed as Director; to take charge
A Flip by Avya Verma
With the cement industry volumes projected to rise by 8–9% year-over-year in the second half of FY25, brokerage firm Motilal Oswal has reaffirmed its bullish stance on cement majors like UltraTech Cement, Ambuja Cement and JK Cement, citing a recovery in demand post-festive season, government spending, and robust real estate activity.
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Goldman Sachs’ top pharma stock picks — Syngene and Neuland — traded lower amid an overall downtrend in the stock market on December 13. However, the brokerage continues to recommend buying them. The shares of Neuland Laboratories traded over 3% lower on NSE at 12:30 pm. However, the stock has given a return of 197% in the past year as against the benchmark index which rose 17% during the period.
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Carlyle Group Inc. is considering an initial public offering of engineering services firm Quest Global Services Pte in India, people familiar with the matter said, amid increasing investor interest in the nation’s stock market. The US investment firm has held early talks with advisers about a possible share sale in Mumbai that may take place as soon as next year, the people said, anonymously.
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