Tue, Feb 6, 2024 3:09 PM
Record sales in Indian financial stocks snap FPI buying streak in January
A Flip by Avya Verma
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.
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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.
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📌 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.
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