Tue, Oct 22, 2024 1:08 PM
NELCO Standalone September 2024 Net Sales at Rs 50.38 crore
A Flip by Shubhangi Gupta
IPO Review: The fourth week of October is seeing a flurry of initial public offerings, with four mainboard issues hitting the D-Street almost simultaneously, with just a day or two’s difference. Waaree Energies IPO, aiming to raise ₹4,321.44 crore, is preferred by experts over Deepak Builders & Engineers India IPO, with a strong track record and expansion plans in the solar energy sector.
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Dalmia Bharat reported weak Q2FY25 performance due to a sharp fall in average realization and higher other costs, but expects improvement in H2FY25 driven by better pricing and volumes. FY24-27E revenue/EBITDA/PAT CAGR is expected at 11%/14%/21%. The stock is valued at 11x EV of Sep'26E EBITDA, maintaining an 'ACCUMULATE' rating with a TP of Rs2,073.
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In order to enhance connection in both rural and urban regions, the state-run Bharat Sanchar Nigam Limited launched seven new projects addressing security, affordability, and reliability. They also unveiled a new logo. Additionally, the telecom company unveiled a fiber-based intranet TV service with more than 500 live channels, which was the first of its type.
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