Thu, Jan 9, 2025 1:21 PM
Mukul Agrawal portfolio: Ace investor raised stake in a MULTIBAGGER stock
A Flip by Shubhangi Gupta
Kabra Jewels IPO: The initial public offering (IPO) of retail jewellery company Kabra Jewels opened for subscription today, i.e. Wednesday, January 15, and the ₹40 crore book-built issue will conclude on Friday, January 17. The IPO is witnessing decent subscription and current grey market trends indicate the stock could be listed at a premium of about 60 per cent.
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HCL Technologies' Q3FY25 profits exceeded expectations by 2.8%. Despite lowering organic growth forecasts to 4.0%-4.5% YoY, FY26E/FY27E EPS estimates remain unchanged at INR 72.6/78.9, factoring in inorganic growth and recovery in discretionary spending. The stock's valuation remains high, leading to a "HOLD" rating and a target price of INR 1,894.
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RDB Realty & Infrastructure's share price surged over 4% to ₹504.75 after receiving two Letter of Awards for engineering and operation contracts from Damodar Valley Corporation for solar power projects in Jharkhand and West Bengal. The company's shares have rallied 244% in six months and 1,160% in two years.
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