Shares of ITD Cementation fell 7.7% after Adani Group announced plans to acquire a 73% stake for Rs 5,759 crore. An open offer will follow to buy an additional 26%. This acquisition will enhance Adani’s EPC capabilities, marking its 12th acquisition this year.
Posts in category Economic Times
ITD Cementation shares tumble nearly 8% as Adani Group looks to acquire 73% stake in co (28-10-2024)
Buy Dixon Technologies, target price Rs 17,500: Motilal Oswal Financial Services (28-10-2024)
Motilal Oswal Financial Services recommends buying Dixon Technologies shares, setting a target price of Rs 17,500. Dixon Technologies, operating in the Consumer Durables sector, reported a significant increase in revenue and profit for the quarter ended September 2024. The company’s performance was boosted by strong mobile and EMS segment growth and strategic partnerships.
Will FMCG earnings continue to be under pressure for a few more quarters? Nitin Raheja explains (28-10-2024)
Nitin Raheja shares insights on challenges facing the FMCG sector and suggests being cautious with investments. He identifies rural-oriented companies as potential performers. Additionally, Raheja comments on valuation issues in the market, noting that select opportunities exist in autos and banks despite recent corrections. He remains skeptical about oil and gas due to government influence and volatile pricing.
Deepak Builders shares to debut today. What to expect? (28-10-2024)
Deepak Builders and Engineers is set to debut on the stock exchanges today, with a grey market premium (GMP) of Rs 32. Based on the upper price band of Rs 203, the stock is anticipated to list at a 16% premium over the issue price.