Shares of Indus Towers Ltd. are locked in a 10% lower circuit on Thursday, marking their biggest single-day drop since June 4. The share decline followed the Supreme Court ruling in the Adjusted Gross Revenue (AGR) case. The apex court upheld the AGR ruling against the telecom companies and upheld the quantum of the AGR demand. Vodafone Idea's AGR dues currently stand at ₹70,300 crore.
Open FlipKarur Vysya Bank's management has led a remarkable transformation, achieving steady growth and superior return on assets, with initiatives in place to mitigate headwinds on deposits growth and credit costs, supporting a 15% CAGR in loans for FY24-26E and a BUY recommendation with a target price of INR 270.
Open FlipShares of Sunteck Realty surged over 6 percent on September 19 to hit an intraday high of Rs 620 on NSE amid heavy volumes. So far in the day, 54 lakh shares of the company changed hands on BSE and NSE combined, compared to the one-month average trading volume of 6 lakh shares. The surge in volumes comes after Sunteck Realty informed that its executives will meet with analysts.
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