Ashoka Buildcon secured the project from Brihanmumbai Municipal Corporation (BMC), Mumbai, for construction of flyover arm1 arm-2 at T Junction on Sion Panvel Highway
Ashoka Buildcon rises 4% on emerging lowest bidder for Rs 918-crore project (11-10-2024)
Ashoka Buildcon secured the project from Brihanmumbai Municipal Corporation (BMC), Mumbai, for construction of flyover arm1 arm-2 at T Junction on Sion Panvel Highway
India a better long-term story despite high valuations: Geoff Dennis (11-10-2024)
To get the consumer going again, you do not just need a string of monetary policy actions and therefore I am going to remain very sceptical about this rebound in equities until some more significant actions are taken on the fiscal side.
Tube Investments Ltd ~ Diversified Engineering Company (11-10-2024)
TII’s market cap of about Rs.81000 crore is almost equal to the the value of its stake in two of its listed subsidiaries, CG Power (58% stake) and Shanti Gears (70% stake).
On standalone basis, its PAT was Rs.735 crore in FY24, which grew at a CAGR of 24% in last 5 years.
Its EV subsidiary TII Clean Mobility has trucks, 3 wheeler and EV component business and have plans to launch LCVs and Tractors, apart from ramping up components business. TII clean mobility has raised Rs.3000 crore through equity and CCPS from reputed funds.
Other key businesses, which are in early stage, include medical devices and CDMO.
One may argue that there should be significant holding company discount assigned to the listed subsidiaries and current market cap might also be indicating the same.
However, in my personal view, extent/existence of holdco discount in future may depend upon extent of success in new businesses and also if it is be able to achieve its aspiration of becoming a manufacturing giant.
Disc: Invested. I am not SEBI registered Advisor/Analyst. My view may be positively biased. I am not suggesting any investment action. The information provided above is for education purpose only.
ACC shares down 0.33% as Nifty drops (11-10-2024)
A total of 2,645 shares changed hands on the counter till 11:16AM (IST).
Rupee drops to all-time low on oil worries, equity outflows (11-10-2024)
The rupee dropped to 83.9900 to the dollar, inching past the previous lifetime low of 83.9850 hit on Sept. 12 and down from 83.9675 in the previous session.
Share price of Zomato jumps as Sensex drops 208.8 points (11-10-2024)
Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 54.11 per cent and 12.52 per cent, respectively.
Sensex falls! These stocks are down 5% or more on BSE (11-10-2024)
In the Nifty pack, 22 stocks were trading in the green, while 28 stocks were trading in the red.