Thu, Feb 1, 2024 12:53 PM
Piramal Pharma swings into black with Rs 10 cr net profit in Q3
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TVS Emerald has bought a 12-acre land to develop a real estate projects worth about Rs 2,800 crore. The company did not disclose the cost of the acquisition of the land, which is located on Radial Road (PTR) in Chennai. The land will have a development potential of 2.5 million square feet and a revenue potential of Rs 2,800 crore, the company said in a statement.
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Anurag Singh predicts a 20% correction in the Nifty 500 index, citing overvaluation driven by domestic liquidity, and expects it to fall to 18,000-19,000 levels. He believes the Nifty 50 is fairly valued, and remains optimistic about India's broader market potential, calling it the best game in town outside of the US.
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Transrail Lighting continues to garner robust public subscription on final day of bidding on Mon, Dec 23. The ₹839 cr issue received 23.12 times subscription so far today, driven by heavy participation from retail and NIIs. The initial share sale by Transrail Lighting received bids for 32.17 cr shares as against 1.39 cr shares on offer, data available with the NSE showed.
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