GAGA Share Market News

[hfe_template id='11223'] [ad_1] L&T shares jumped 3% to Rs 3,515.9 in Monday's intraday trade on BSE after the company's board approved a fundraising plan of up to Rs 12,000 crore through various debt-based instruments. The board approved long-term borrowings via external commercial borrowings, term loans, non-convertible debentures, or other suitable instruments. In another development, L&T appointed Subramanian Sarma, Whole-Time Director and President (Energy), as Deputy Managing Director and President, effective April 2, until February 2028. Additionally, L&T’s Buildings & Factories (B&F) vertical secured an order worth between Rs 2,500 crore and Rs 5,000 crore from Brigade Group for residential and commercial projects in Hyderabad and Chennai. Also Read: Sensex climbs over 600 points as FIIs return to D-Street; Nifty reclaims 23,500 level Live Events L&T Shares Target Price According to Trendlyne data, the average target price of the ...

[hfe_template id='11223'] [ad_1] KEC International shares will be in focus on Monday after the company secured new orders worth Rs 1,267 crore, taking its total year-to-date order intake to Rs 23,300 crore. The global infrastructure EPC major has won contracts across various businesses. According to a regulatory filing dated March 15, KEC has received orders for supplying various types of cables and conductors in India and abroad. It has also secured Notification of Awards (NOAs) and a comfort letter for transmission and distribution (T&D) projects, including 800 kV HVDC and 765 kV transmission line orders from Power Grid Corporation of India (PGCIL) and the supply of towers, hardware, and poles in the Americas. Vimal Kejriwal, MD & CEO, KEC International Ltd, said, “We are delighted with the substantial orders secured in our T&D business, particularly in the prestigious HVDC and 765 kV segments from PGCIL for green energy evacuation.” “These wins have furthe...

[hfe_template id='11223'] [ad_1] Shares of NCC Ltd tumbled as much as 14.6% on Friday to Rs 202.85 on the BSE after the infrastructure company reported a 12.5% year-on-year (YoY) decline in net profit at Rs 193.2 crore for the third quarter ended December 2024. The stock decline followed NCC's earnings announcement post-market hours on Thursday. The Rekha Jhunjhunwala-backed firm posted a net profit of Rs 193.2 crore for the quarter ended December 31, 2024, down from Rs 220.7 crore a year earlier, according to a regulatory filing. Revenue from operations rose marginally by 1.6% to Rs 5,344.5 crore in the December quarter, from Rs 5,260 crore in the same period last year. However, at the operating level, the company saw a sharper decline, with EBITDA dropping 16.6% to Rs 420.9 crore from Rs 504.4 crore a year ago. EBITDA margin contracted to 7.9% in the third quarter, from 9.6% in the corresponding quarter last year, reflecting cost pressures and potential execution c...

[hfe_template id='11223'] [ad_1] Shares of India Cements skyrocketed 11% to an intraday high of Rs 376.30 on the BSE after the Competition Commission of India (CCI) approved UltraTech Cement’s primary acquisition and the open offer for acquiring a 32.72% equity stake in the former. Meanwhile, the shares of UltraTech Cement rallied 1.4% to their day’s high of Rs 11,585.40 on the BSE. UltraTech’s board had previously approved the acquisition of 10.14 crore (10,13,91,231) shares of The Indian Cements from the promoters and other shareholders, which is the primary acquisition. Additionally, the company made an open offer to acquire 8.06 crore (8,05,73,273) shares of the company at a price of Rs 390 per share from the public shareholders. Also read: Nifty’s 200-DMA key level to watch, determine trend: Analysts “We now write to inform you that the CCI has by its letter dated 20th December 2024 unconditionally approved the Primary Acquisition and the Open Offer under Section 31...

[hfe_template id='11223'] [ad_1] Shares of Tata Motors today fell by 2.2% to an intraday low of Rs 825 on the BSE after the company reported a muted growth in its monthly auto sales on a yearly basis at 80,839 units. The company reported total sales of 82,682 units in October 2024, nearly unchanged from the 82,954 units sold in October 2023. The commercial vehicle (CV) sales were reported at 34,259 units while the passenger vehicle (PV) sales of 48,423 units were reported by the company, both showing no year-on-year growth. While the domestic sales performance remained steady, the commercial vehicles showed mixed results, with HCV trucks down by 2% and passenger carriers up 13%. The ILMCV segment grew 9%, but SCV cargo and pickup saw a decline of 3%, and CV IB fell by 15%. Total domestic MH&ICV sales, including trucks and buses, rose to 15,574 units, compared to 15,211 units last year. In October 2024, Tata Motors' total passenger vehicle (PV) sales, including el...

[hfe_template id='11223'] [ad_1] Shares of state-run Cochin Shipyard are likely to remain in focus on Wednesday as the government will sell up to 5% stake sale in the company via an offer for sale (OFS). The floor price is set at Rs 1,540 per share and the two-day issue opens today. The base issue comprises the sale of a 2.5% equity stake representing 65,77,020 shares with a green shoe option of another 2.5%. The OFS will open for non-retail investors today and for retail investors and employees of the company on Thursday. The floor price of Cochin Shipyard shares are at a discount of 8% over Tuesday's closing price of Rs 1,673. The stock on Tuesday ended with gains of Rs 48.60 or 3% on the NSE over Monday's closing price. The offer will take place during trading hours through a separate window on Thursday. Shares of Cochin Shipyard have fallen nearly 80% from their 52 week peak of Rs 2,979.45, they had hit in July this year.Notwithstanding the recent decline, th...