K.P. Energy gained 4.74% to Rs 634.80 after it received new EPC orders aggregating to 1,003.7 MW from KPI Green Energy for the development of renewable energy projects.
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Deep Industries (DIL) (05-11-2024)
One risk/drawback of Deep Industries business model is that they have to constantly pour capital into the business for growth. They have to do capex for new equipments for new contracts. This is good when business environment and end user demand is showing growth but if demand slows down after a few years, then they’re saddled with idle equipment. Also, continuous capex for growth means FCF (last 2 years negative FCF) and ROCE will remain lower (Though ROCE is improving now)
Godrej Consumer shares 0.94% as Sensex (05-11-2024)
A total of 4,094 shares changed hands on the counter till 12:42PM (IST)
Tilaknagar Industries stock jumps over 17%, hits 52-week high post Q2 results (05-11-2024)
Tilaknagar Industries’ share price jumped 17% to a 52-week high of Rs 341.9 on the NSE following strong Q2 FY25 earnings. The company reported an 82.4% rise in profit after tax (PAT), reaching Rs 58.2 crore, up from Rs 31.9 crore in Q2 FY24, driven by robust operational performance.
Larsen & Toubro announces strategic partnership with E2E Networks (05-11-2024)
Larsen & Toubro has announced a strategic partnership with E2E Networks, an Indian Cloud and AI Cloud provider. The partnership is a significant step towards the adoption of GenAI solutions in India to foster a fundamental shift in the way Accelerated Computing on Cloud is used by Indian organisations. The transformative journey for organisations in AI adoption is a fundamentally different approach to implementing GenAI software solutions using Cloud GPUs to utilise an organisation’s deep learnings to deploy and evolve production-grade selfadapting AI Software. L&T will also acquire a 21% equity stake in E2E Networks through a combination of primary and secondary transactions.