Kalpataru Projects International and its arms have bagged orders worth Rs 2,071 crore, according to a statement on Thursday. The statement said the new orders include orders in the Transmission & Distribution (T&D) business in overseas markets. Besides it has also got an order for design & construction of an underground metro rail project in India.
Open FlipThe share price of Titan witnessed a slight increase to Rs 3,760 per share when Motilal Oswal analysts rated it as a 'buy'. The analysts predicted a vigorous growth outlook for the company and set a target price of Rs 4,300, which implies a 14% increase from the current level. However, later on, the stock lost its gains and fell by almost 0.2% as of 09:35 am.
Open FlipRenowned Israeli-American psychologist and Nobel laureate Daniel Kahneman, whose groundbreaking work in the fields of behavioural economics and cognitive psychology vastly improved the understanding of human decision-making, passed away on March 27. He was 90. Kahneman was born on March 5, 1934. In 2011, he published his bestseller Thinking, Fast and Slow, which offered an exploration.
Open FlipShares of Chalet Hotels jumped around 5 percent on March 28, extending the previous session's gains after the company's board of directors approved a proposal to raise funds through Qualified Institutional Placement (QIP). The floor price for the QIP has been fixed at Rs 780.76 per equity share, but the company can offer a discount of up to 5 percent.
Open FlipThe share price of Bharat Heavy Electricals Limited (BHEL) rose 2 percent in early trade on March 28 after the company received a Rs 4,000-crore order from Adani Power. At 9:20am, Bharat Heavy Electricals was quoting Rs 247.60, up Rs 4.70, or 1.93 percent, on he BSE. "We have received an order from Adani Power for setting up the 2x800 MW Raigarh Phase-II thermal power plant at Raigarh.
Open FlipShares of Mahindra Lifespace Developers advanced over 4 percent in the early trade on March 28 after the company announced purchasing a 2-acre plot of land in Whitefield in east Bengaluru. The land is estimated to have a developable potential of approximately 0.2 million square feet of saleable area and a gross development value of approximately Rs 225 crore, primarily comprising mid-premium.
Open FlipHindustan Unilever Ltd (HUL) is exploring a potential sale of its Pureit water purifier business and has held exploratory talks with a few prospective buyers, people aware of the development said. The talks are exploratory in nature and no formal decision on the sale of the Pureit business has been taken by HUL, the people cited above said, requesting anonymity.
Open FlipTracking positive cues from global peers and ahead of a key U.S. inflation reading, Indian shares opened higher on the final trading day of the financial year 2024, led by banking and financial stocks.The Sensex was trading 256 points or 0.36% higher at 73,265. Nifty50 was trading at 22,197, up 73 points or 0.33% at around 9.21 am.From the Sensex stock, Bajaj Finance, Bajaj Finserv, ICICI Bank.
Open FlipThe Indian equity benchmark opened higher on March 28, with the Nifty trading at around 22,188.80 on the monthly expiry day, up by 65.15 points from the previous close. Over the past week, the index has been trading sideways with a bullish undertone. Here is how Rahul Ghose, a derivatives expert and founder of Hedged.in, is positioning the Nifty for the expiry day:
Open FlipIndore Municipal Corporation has received a single bid for auction of approximately 18,000 sq m of land of a private colony. The civic body had seized the land to recover property tax and other dues amounting to Rs 23 crore.IMC additional commissioner Abhilash Mishra said that one firm from Indore submitted a bid with a demand draft of about Rs 1.59 crore.
Open FlipWith housing sales witnessing strong momentum in the last two quarters, the unsold housing stock in the Tier 1 cities has seen a sharp decline of 16 percent on a year-on-year (YoY) basis in Q1 2024. The current inventory as of March 2024 stands at 4,81,566 units, according to an analysis by PropEquity, a real estate data analytics firm.
Open FlipZydus Lifesciences share price was up marginally in the early trade on March 28 despite the company receiving four observations from United States Food and Drug Administration (USFDA). At 9.31 am, Zydus Lifesciences was quoting at Rs 1,005, up Rs 5.40, or 0.54 percent, on the BSE. USFDA inspected at firm's Onco Injectable manufacturing plant in Ahmedabad from March 18 to 27.
Open FlipIndian equities have been one of the biggest losers among the top 10 global markets in March, hit by a decline in sentiment towards small and mid-cap stocks. Returns in dollar terms have also been lower because of a depreciation in the rupee. So far in March, India's aggregate market capitalisation dropped by 1.6 percent in dollar terms, marking the steepest fall since October 2023.
Open FlipBuy or sell stocks: The Indian stock market indices extended the rally on Thursday, with the benchmark Nifty 50 reclaiming the 22,300 level, amid mixed global market cues. Here are full details of Sumeet Bagadia’s stock recommendations for today: 1] NLC India: Buy at ₹233.10 | Target: ₹250 | Stop Loss: ₹226 2] Triveni Turbine: Buy at ₹546 | Target: ₹580 | Stop Loss: ₹530.
Open FlipShares of IDFC First Bank slumped 3.5 percent in opening trade on March 28 after a block deal valued at Rs 1,386 crore took place on the exchanges. Around 18.3 crore shares, representing a 2.6 percent stake, in IDFC First Bank changed hands in the transaction. At 09.19 am, shares of the private lender were trading at Rs 75.60 on the NSE.
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