Tue, Jul 27, 2021 12:34 PM
Rico Auto hits new 52-week high as board nods to three subsidiaries' merger
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Emkay Global Financial's research report on Gujarat Fluorochemicals. GFL’s Q4 EBITDA fell 54% YoY to Rs2.4bn (+15% QoQ) on sluggish performance in the bulk and fluorochemicals businesses. Fluoropolymers business is seeing sequential recovery in volumes on a lower base. Management expects to report FY25E EBITDA at Rs18-19bn, which we believe is farfetched; we factor-in ~Rs14bn in our estimates.
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Larsen & Toubro (L&T) is expected to report strong Q4FY24 results, led by improved construction activity across projects during the quarter, strong demand and robust order book.Momentum in new orders in international hydrocarbon, mobility and power transmission and distribution businesses will also drive growth. The company is due to announce its Q4 result on May 8.
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Fintech company LendingKart on May 7 said it has raised $10 million through external commercial borrowing (ECBs) from a fund managed by BlueOrchard.The company will use the proceeds from the ECBs for onward lending activities for MSMEs, the firm said in a statement."At Lendingkart, we see this investment as a testament to our unwavering dedication to support Indian MSMEs," Harshvardhan.
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