Tue, Feb 6, 2024 3:17 PM
Power Grid Q3 preview: High costs to hit net profit
A Flip by Shubhangi Gupta
Kotak Institutional Equities initiates coverage on Waaree Energies and Premier Energies with a "sell" recommendation, citing potential downsides of 8% and 41% respectively, despite India's solar sector being primed for 18% CAGR growth until 2030. Kotak favors integrated Indian manufacturers and US-based companies for superior profitability.
Open Flip
Larsen and Toubro on Wednesday, January 8, said its heavy engineering arm won 'significant' orders in the third quarter of FY25 in the overseas and domestic markets. L&T classifies orders in the ₹1,000 crore to ₹2,500 crore range as 'significant'. The company's heavy engineering arm bagged an order for LNG equipment for a project in the US.
Open Flip
📌 The initial public offering (IPO) of infrastructure and construction company BR Goyal opened for subscription on Tuesday, January 7, and will remain so until Thursday, January 9. The📌 ₹85 crore SME IPO is entirely a fresh issue of over 63 lakh shares. The IPO has been fully subscribed and current grey market trends indicate the stock could be listed at a premium of over 30 per cent.
Open Flip
