Shyam Metalics & Energy Ltd showcased robust sales performance in September 2024, with significant year-on-year growth across its stainless steel, aluminium foil, and speciality alloys segments.
In a recent interview with CNBC TV18, Mohit Goel, Managing Director of Omaxe Group, discussed the company’s new focus on sports infrastructure, projecting significant revenue growth through innovative projects in partnership with global experts.
Sandeep Bhatia, MD & Head-Equity, India, Macquarie Capital, expects the Chinese rally to lose steam by next year due to ongoing geopolitical tensions, particularly between the US and China, which will likely lead to further trade and tariff barriers..
Globally, gold futures saw a 0.32% decrease, trading at $2,634.11 per ounce in New York.
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The $3 billion IPO will open for subscriptions for big institutional investors on Oct. 14, and invite bids from retail and other categories during Oct. 15-17, said three sources with direct knowledge, who declined to be named as the discussions…
Mahindra & Mahindra shares jumped more than 3% after CLSA upgraded its rating to ‘outperform’ from ‘sell’. The brokerage cited strong SUV segment growth, improved return on equity, and upcoming EV launches as key drivers for the stock’s re-rating.
Transformers and Rectifiers Q2 Results | At 2.30 PM IST, the shares of Transformers and Rectifiers (India) Ltd were trading at Rs 672.15, up 5.00% on BSE Sensex.
Paytm’s shares had declined to their all-time low of ₹310 after the Reserve Bank of India had imposed restrictions on its Payments Bank in February, triggering a sharp sell-off in the stock.
Nuvama has a bull case price target of ₹740, which factors in 11% margin by FY27E with a 30% compound annual growth rate (CAGR) in operating income (OI) and a similar target multiple vis-a-vis the base case.