BSE Headquarters in Mumbai. (Source: Vishal Patel/NDTV Profit)
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BSE Headquarters in Mumbai. (Source: Vishal Patel/NDTV Profit)
Yasho Industries Starts Production At Dahej Pakhajan
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Yasho Industries Ltd. started production at Dahej Pakhajan plant set up at an approximate cost of Rs 470 crore.
Source: Exchange Filing
Ajmera Realty Surges To Over 16-Year High As Sales Jump Over 100% In Q4
Shares of Ajmera Realty and Infra India Ltd. surged to over 16-year high on NSE after the company reported 104% year-on-year jump in its sales value during quarter four.
The real estate company’s sales value in Q4 rose 104% on year to Rs. 287 crore from Rs 140 crore in the corresponding period of previous financial year. Its sales area rose 1,12,931 square feet in January-March, which is 63% annual rise, the exchange filing said.
Ajmera Realty and Infra India’s collection rose 91% on year to Rs 197 crore, according to an exchange filing.
The scrip rose as much as 9.63% to Rs 863.00 apiece, the highest level since Feb 27, 2008. It was trading 3.75% higher at Rs 816.70 apiece, as of 10:34 a.m. This compares to a 0.38% advance in the NSE Nifty 50 Index.
It has risen 160.75% in 12 months. Total traded volume so far in the day stood at 8.7 times its 30-day average. The relative strength index was at 68.43.
HSBC Retains ‘Buy’ On Titan
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Maintains BUY and raises target price to Rs. 4,300, Upside potential of 14.5%.
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Titan is to grow its jewellery business by a CAGR of 20% for the next five years.
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The company is supported by aggressive network expansion.
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Lab grown diamonds may well be a large opportunity for Titan
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the brokerage doesn’t see much disruption to Titan with falling diamond prices.
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Earnings are potentially set to double over the next four years.
Sterlite Technologies At Over One-Month High After Raising Fund Via QIP
Shares of Sterlite Technlogies Ltd. were trading at over one-month high after it raised funds through qualified institutional placements on Monday.
The company set the floor price for the QIP at Rs 119 per share, which indicates a discount of 6.52% discount to Monday’s closing.
The scrip jumped 13.86% to Rs 145.00 apiece, the highest level since Feb 27, 2024. It was trading 13.19% higher at Rs 144.15 apiece, as of 10:10 a.m. This compares to a 0.38% advance in the NSE Nifty 50 Index.
Bain Capital Mulling To Exit Axis Bank; Stock Erases Losses
Axis Bank Ltd. erased losses to trade higher after reports said Bain Capital is looking to sell its entire stake in the private lender via block deal worth $430 million.
The private lender’s 1.1% equity changed hands in a bunch, according to Bloomberg.
Bain Capital is looking to offload 33.37 million shares in Axis Bank through its various entities, which hold direct stake, according to term sheet viewed by the NDTV Profit.
The floor price is in the range of Rs 1,071-Rs 1,076 per share, which indicates a discount of 0.0%-0.47% compared to Monday’s close of Rs 1,076.05 per share.
Shares of Axis Bank Ltd. rose as much as 1.30% to Rs 1,090.00 apiece, the highest level since March 13. It was trading 0.31% higher at Rs 1,079.35 apiece, as of 09:49 a.m. This compares to a 0.32% advance in the NSE Nifty 50 Index.
It has risen 27.38% in 12 months. Total traded volume so far in the day stood at 42 times its 30-day average. The relative strength index was at 55.58.
Out of 48 analysts tracking the company, 45 maintain a ‘buy’ rating, three recommend a ‘hold’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 18.6%.
Bain Capital Looks To Sell Entire Stake In Axis Bank Worth $430 Million Via Block Deal
