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.
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.
52 week highs and all time highs strategy (28-10-2024)
10 Month EMA… (exponential moving avg)… last 3 words of the post clearly mention that. 
Power Mech Projects incorporates subsidiary in Dubai (28-10-2024)
Power Mech Projects informed that the company has incorporated a new step down subsidiary on 24 October 2024, named ‘P M T S Technology L.L.C’ in Dubai.
IDFC First Bank Limited (28-10-2024)
Why are they provisioning so much that the growth capital is locked in the provisions. It will simply increase the cost of capital and dent the NIMs.
PPFAS to launch GIFT City subsidiary in six months, eyes foreign investment (28-10-2024)
This expansion aims to simplify access for international investors, who can bypass FPI and PAN requirements and benefit from Indian equity exposure.