In July, brokerage firm Motilal Oswal Financial Services initiated coverage on Laxmi Dental and had set a price target of ₹540 per share on the stock. The stock is now nearly 49% below this price target, and 58% below its…
RateGain Travel Technologies launched Rev-AI Clarity, an AI revenue assistant for car rentals, offering instant pricing and demand insights that boost faster decision making. Shares rose 0.82%; Q2 net profit was ₹51 crore.
ICICI Securities says the ₹15,700 crore joint venture deal between JSW Steel and Japan’s JFE will sharply cut JSW Steel’s debt and strengthen its balance sheet. The structure includes cash infusion and debt deconsolidation, lowering net debt by more than…
The buyback will be open to all shareholders except promoters and promoter group members, who have formally expressed their intention not to participate.
Ashwini Agarwal, Founder & Partner at Demeter Advisors, sees selective opportunities in pharma. He points to encouraging progress in novel drug discovery but warns that the domestic market is shifting more towards generics.
Elixir Equities Director Dipan Mehta highlighted growth potential in travel, insurance, fintech and renewable energy sectors, naming companies like Yatra Online, BLS International, Policybazaar, Sagility, Zaggle Prepaid, Waaree Energies, Suzlon and Inox Wind. Mehta also sees Pine Labs as a…
SEBI has also asked commodity brokers and exchanges to submit their client trading data over the last four years before taking any decision, the sources added.
The acquisition will support the Vedanta group’s growth in downstream copper and aluminum and expansion in infrastructure and transmission, the Anil Agarwal-owned mining conglomerate stated in a statement.
Based on Tata Consumer Products’ aggressive expansion and acquisition plans, HSBC is valuing the company at 55 times its one-year forward estimated price-to-earnings.
Petronet LNG and ONGC have signed a binding 15 year term sheet for ethane unloading, handling and related services.