Polyplex Corp shares jump 9% after firm reports net profit in Q1 versus a net loss in same quarter last year
- 28 Aug, 02:49 AM (GMT+5:30)
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KEC International share price rises 5% to 1- year high on ₹1423 crore T&D order from Saudi Arabia
- 06 Sept, 09:12 PM (GMT+5:30)
- 2 Min
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Stock Market Today: KEC International share price gained more than 5% to scale 1- year high on ₹1423 crore Transmission and Distribution order from Saudi Arabia.
Stock Market Today: KEC International share price gained more than 5% to scale 1- year high on ₹1423 crore Transmission and Distribution order from Saudi Arabia.
KEC International Share price opened at ₹1036.05 on Friday on the BSE, around 7.75 higher than previous day closing price of ₹989. The KEC International share price thereafter gained to touch its 52-week high mark (1-year high). KEC International share price having risen 68% year to date has given phenomenal returns to investors.
The a global infrastructure EPC major, and RPG group company, KEC International Ltd. in its release on Friday post market hours said that it has secured new orders of Rs. 1,423 crores for Design, Supply and Installation of 380 kV (kilo Volt) Transmission Lines in Saudi Arabia.
We are happy with the continuous inflow of orders, especially in our T&D business" said Vimal Kejriwal, MD & CEO, KEC International Ltd, i a statement. These orders in Saudi Arabia along with the earlier orders in UAE and Oman have further reinforced our leadership in the Middle East and substantially enhanced our international T&D order book, he added.
With these orders, KEC International year to date order intake stands at over ₹11,300 crores, which is an impressive growth of ~75% compared to last year.
A few days back KEC had announced orders worth f Rs. 1,171 crores and Rs. 1,079 crores in Transmission & Distribution (T&D) and Cables businesses, from Middle east, India and America.
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TCS share price gets rating upgrade; InCred Equities raises target. Should you buy?
- 06 Sept, 09:06 PM (GMT+5:30)
- 2 Min
Summary
TCS share price has rallied nearly 19% year-to-date (YTD), outperforming the benchmark Nifty 50 index that is up over 15% this year.
Tata Consultancy Services (TCS) share price traded higher on Friday and remains one of the top performing IT stocks in 2024 so far. TCS share price has rallied nearly 19% year-to-date (YTD), outperforming the benchmark Nifty 50 index that is up over 15% this year. TCS stock price is just tad away from its 52-week high level of 4,585.90 per share hit on September 2.
TCS shares received a ratings upgrade from InCred Equities as the brokerage firm believes the country’s largest IT services company is best placed to play growth and margin trade-off.
InCred Equities noted that TCS’ growth was broad-based as both North America (NA) and the financial services (FSI) verticals witnessed incremental revenue addition in the April-June quarter of FY25, a first since Q3FY23 and Q4FY23.
“Recent discussions suggest portfolio leakages are getting arrested, small discretionary deals are back in the market, visibility in Europe is limited but the UK / US are good / recovering, and it’s better in APAC and other regions. Elsewhere, life sciences, manufacturing, energy resources & utilities, retail ex-travel verticals continue to do well and/or are recovering,” InCred analyst Abhishek Shindadkar said in a note.
TCS started FY25 with Q1 margin being at least ~150 bps higher than in Q1FY23 / Q1FY24 which, coupled with levers such a benign supply side environment, productivity, utilization, employee pyramid correction, and optimized sub-contractor costs provide enough reinvestment cushion to gain market share, despite headwinds from higher third-party expenses & large deal transition costs, he added.
Hence, the brokerage firm raises average FY25F-FY27F margin assumption by 10 bps to 25.7%.
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Latest News
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Vodafone Idea share price cracks over 14% as Goldman Sachs predicts 83...
Vodafone Idea share price cracked over 14% on Friday after foreign brokerage firm Goldman Sachs predicted an 83% downside in the stock price. Vodafone Idea shar...
- Market
- 06 Sept
- 1 Min Read
NLP Blogs
How does Ola Electric fares against its peers in the industry?
Ola Electric’s ₹6,146 crore IPO has a price band of ₹72 to ₹76 per share. Ola Electric has seen improvements in its
- Stock Market
- 25 Sept, 2023
- 2 Min Read
How does Ola Electric fares against its peers in the industry?
Ola Electric’s ₹6,146 crore IPO has a price band of ₹72 to ₹76 per share. Ola Electric has seen improvements in its
- Stock Market
- 25 Sept, 2023
- 2 Min Read
How does Ola Electric fares against its peers in the industry?
Ola Electric’s ₹6,146 crore IPO has a price band of ₹72 to ₹76 per share. Ola Electric has seen improvements in its
- Stock Market
- 25 Sept, 2023
- 2 Min Read
Other News Categories
Jindal Poly Films rises over 18% after strong Q1, amid rising in packaging stocks
- 28 Aug, 02:48 AM (GMT+5:30)
- 2 Min
Summary
Take your investment to next level
Open a FREE* Demat and Trading account to invest in Stocks, Mutual Funds, IPOs and more
Latest News
Featured News
Vodafone Idea share price cracks over 14% as Goldman Sachs predicts 83...
Vodafone Idea share price cracked over 14% on Friday after foreign brokerage firm Goldman Sachs predicted an 83% downside in the stock price. Vodafone Idea shar...
- Market
- 06 Sept
- 1 Min Read
NLP Blogs
How does Ola Electric fares against its peers in the industry?
Ola Electric’s ₹6,146 crore IPO has a price band of ₹72 to ₹76 per share. Ola Electric has seen improvements in its
- Stock Market
- 25 Sept, 2023
- 2 Min Read
How does Ola Electric fares against its peers in the industry?
Ola Electric’s ₹6,146 crore IPO has a price band of ₹72 to ₹76 per share. Ola Electric has seen improvements in its
- Stock Market
- 25 Sept, 2023
- 2 Min Read
How does Ola Electric fares against its peers in the industry?
Ola Electric’s ₹6,146 crore IPO has a price band of ₹72 to ₹76 per share. Ola Electric has seen improvements in its
- Stock Market
- 25 Sept, 2023
- 2 Min Read