Siemens Energy India is well placed to benefit from India’s growing power transmission and energy infrastructure spending, according to Nuvama. The brokerage has initiated a ‘BUY’ rating on the stock with a 12-month price target of ₹4,200, citing strong growth potential in its power transmission business, export opportunities and a long-term opportunity from high-voltage direct…
Samvardhana Motherson’s strategy of expanding beyond its traditional automotive components business is expected to deliver faster earnings growth over the next two years, according to Nuvama Institutional Equities. The brokerage has retained its ‘Buy’ rating on the stock and raised its 12-month target price to ₹168 per share from ₹155, citing strong growth in consumer…
Edtech company Physicswallah Ltd on Thursday (July 16) said its board has approved the acquisition of an additional 11% stake in Guiding Light Education Technologies Private Ltd (Sarrthi IAS) for a total consideration of ₹71.81 crore. The acquisition will involve the purchase of 1,100 equity shares of Sarrthi IAS. Following the completion of the Tranche…
Adani Enterprises Ltd. said its wholly owned subsidiary, Adani Defence Systems & Technologies Ltd. (ADSTL), has signed a share purchase agreement to acquire the remaining 44.6% stake in Flight Simulation Solutions Pvt. Ltd. (FSSPL) from the existing shareholders. ADSTL currently holds a 55.4% stake in FSSPL. Upon completion of the transaction, its holding will increase…
Diamond Power Infrastructure Ltd on Thursday (July 16) said it has received a Letter of Award (LOA) from Adani Energy Solutions Ltd (AESL) for the supply of AL59 aluminium alloy conductors for two transmission projects, with the contract valued at ₹185.16 crore excluding Goods and Services Tax (GST). The order includes design, engineering, manufacturing, assembly,…
India’s AI data centre expansion could create opportunities for electrical equipment manufacturers, with JM Financial Institutional Securities saying companies such as ABB, Siemens, Honeywell, Cummins and Kirloskar Oil Engines are well placed to benefit from the investment cycle. Speaking to CNBC-TV18, Priyankar Biswas, Head of Industrials and Logistics Research at JM Financial Institutional Securities, said…
WeWork India reported a sharp improvement in its financial performance for the first quarter of FY27, with its net loss narrowing to ₹4.3 crore from ₹14.1 crore a year earlier, as higher demand for flexible workspaces drove strong growth in revenue and operating profit. Revenue rose 27.7% year-on-year to ₹705 crore from ₹535.3 crore, while…
Jindal Photo Ltd on Thursday (July 16) said its board has approved a proposal to voluntarily delist the company’s equity shares, subject to approval from shareholders in accordance with the Securities and Exchange Board of India (SEBI) Delisting Regulations. The company said the floor price for the delisting offer has been fixed at ₹1,119.50 per…
Servotech Renewable Power System Ltd. has secured an order from the Uttar Pradesh State Rural Livelihood Mission (UPSRLM), Department of Rural Development, Government of Uttar Pradesh, to install hybrid solar rooftop systems with Battery Energy Storage Systems (BESS) across multiple locations in the state. Under the project, the company has been allocated 12 locations of…
Indian investors will track Reliance Industries’ first quarter results, crude oil prices and geopolitical developments on Friday as renewed US-Iran mi…Read More 1/6 US Markets | US stocks traded mixed on Thursday as strong corporate earnings supported the broader market, while weakness in semiconductor stocks weighed on technology shares. The S&P 500 was little changed,…
