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NCC shares in focus on receiving Rs 1,480 cr LoA for redevelopment project

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[hfe_template id='11223'] [ad_1] NCC shares may remain in focus on Monday, March 24, after announcing that the company has received a letter of acceptance (LoA) from Bihar Medical Services & Infrastructure Corporation for the redevelopment of Darbhanga Medical College & Hospital at Laheriasarai, Darbhanga. The order size of the project is Rs 1,480.34 crore. “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that, today the Company has received Letter of Acceptance dated 21st March 2025 from Bihar Medical Services & Infrastructure Corporation Limited for Redevelopment of Darbhanga Medical College & Hospital at Laheriasarai, Darbhanga,” the company informed the stock exchanges. This is a major order for NCC as according to the company’s internal policy, any business order or contract that is worth Rs 1,000 crore (10 billion rupees) or more, excluding GST (Goods and Services Ta...

Muhurat trading: NCC, PCBL among 10 smallcap stocks that could deliver 40% returns by next Diwali

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[hfe_template id='11223'] [ad_1] Indian stock markets which are closed for normal trading on Friday on account of Diwali holiday, will open for Muhurat Trading, later today. Stock exchanges NSE and BSE will conduct their annual Diwali Muhurat trading session from 6 pm to 7 pm, marking the beginning of the Hindu calendar year Samvat 2081. While the Samvat 2080 has been a great one for the investors with Nifty delivering 25% returns, experts are cautioning investors to temper their expectations in the new Samvat. Meanwhile, one year-returns of the broader Nifty Smallcap Index has been to the tune of 46%. It is expected to be a stock pickers' market and in view of this, top brokerages have identified their best smallcap picks that could do the trick for investors till next Diwali. Here are 10 smallcap stocks that could give up to 40% returns: Nifty has witnessed a sizable correction of nearly 8–9 % in the last four weeks and the price correction is not over yet, Angel O...

Hot Stocks: CLSA lists stocks that could benefit from the 100-day plan for Modi 3.0

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[hfe_template id='11223'] [ad_1] Brokerage firms such as CLSA list out stocks such as L&T, IRB, and NCC among others that could benefit from the 100-day plan for Modi 3.0, Goldman Sachs is positive on private banks, Jefferies prefers Aavas Financiers, Can Fin Homes as top housing finance companies and Morgan Stanley are overweight on HDFC Life. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on the 100-day plan for Modi 3.0: Infra stocks to benefit An ambitious 100-day plan for Modi 3.0 to hit the ground running with large orders, CLSA said in a note. Large orders the being identified to be placed across the infrastructure and defence domains, it said.Asset monetisation plans to improve funding visibility. Demands from the BJP's allies for more capex in the Andhra and Bihar states should revive state capex as well.The global investment bank Larsen & Toubro (L&T), IRB Infrastructure, Hindustan Aeronaut...

Rekha Rakesh Jhunjhunwala earns Rs 224 crore dividend from Rs 38,000 crore portfolio in March quarter

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[hfe_template id='11223'] [ad_1] Rekha Jhunjhunwala, wife of late ace investor, Rakesh Jhunjhunwala likely earned a dividend income of Rs 224 crore for the quarter ended March 2024 from her portfolio estimated to be worth Rs 37,831 crore. Going by March quarter shareholding pattern, Jhunjhunwala earned a dividend income of Rs 52.23 crore from Titan Company, Rs 42.37 crore from Canara Bank, Rs 27.50 crore from Valor Estate, Rs 17.24 crore from NCC and Rs 12.84 crore from Tata Motors among others. Other companies where Jhunjhunwala holds a stake are CRISIL, Escorts Kubota, Fortis Healthcare, Geojit Financial Services, The Federal Bank among others which have fetched nearly Rs 72.49 crore worth of dividend income for the fourth quarter of FY24, according to Ace Equity data. The dividend income has been calculated as per the shareholding pattern available with the exchanges as of March 2024. Also read: Suzlon Energy shares give multibagger returns of 340% in 1 year. Time to ...