ENGINEERING PRODUCTS
Azad Engineering shares hit 5% upper circuit on order win from Siemens Energy Global
Azad Engineering shares rose by 5% following a major contract win with Siemens Energy Global GmbH & Co. KG, Germany. The company specializes in manufacturing critical components for various industries and has shown significant growth in its stock price.
Two can work better than four-wheelers
India is exploring a unique path to vehicle energy transition, focusing on hybrid solutions amidst limited battery-charging infrastructure. Japanese automakers have introduced dual-fuel cars (petrol and CNG), reducing costs and boosting sales, especially in cities mandating dual-fuel taxis. Bajaj extends this concept with the world's first CNG motorcycle, leveraging its expertise from autorickshaws. Challenges include sparse CNG stations, though more available than EV chargers. While these innovations may delay EV adoption, India aims to ramp up domestic EV production under tariff protections, pivoting towards renewable energy-driven charging networks for sustainable transition.
Inside Goldman Sachs' expanding but risky financing engine
The fund finance unit, housed in the bank's global banking and markets division, lends money secured by different types of assets to private equity and other funds. Such assets, however, can be hard to value and trade, and some loan products are yet to be tested in a downturn, making lending against them risky.
India needs 1 million high-tech engineers as economy expands
India’s $250 billion tech sector plays an important role in the economy, employing about 5.4 million people. Tech services make up about 7.5% of the country’s $3 trillion-plus gross domestic product.
TAFE Motors, DEUTZ AG ink pact; to expand internal combustion engine business
TAFE Motors and Tractors Ltd would produce engines to suit newer applications in the Indian market as well as for DEUTZ's requirement. The engines would be produced at the manufacturing facility of TAFE Motors at Alwar, Rajasthan. The manufacturing facility currently produces diesel engines and gensets in the 5 to 125 kVA range that are marketed as Eicher Engines and TMTL Engines.
IPO Corner: 4 companies are all set for a D-Street debut
Ahmedabad-based Mamata Machinery exports extrusion equipment while Shivalik Engineering Industries' IPO includes fresh issue shares and an offer for sale with a face value of ₹5 per equity share. Gala Precision and Interarch Building Products have received Sebi approval for their IPOs.
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Buy KPIT Technologies, target price Rs 2030: JM Financial
KPIT Technologies Ltd. key Products/Revenue Segments include Software Services and Software Products for the year ending 31-Mar-2023.
DEE Development Engineers stock debuts with 67% premium over IPO price
DEE Development Engineers, specializing in process piping solutions, listed with a 67% premium. The company, with over three decades of manufacturing experience, offers a range of high-quality piping products and is supported by prominent book running lead managers SBI Capital Markets and Equirus Capital.
Government focus on agriculture, rural income to sustain tractor demand: Swaraj Engines
The government's agricultural focus in India, along with initiatives to boost rural incomes, is expected to sustain tractor demand despite a 7 per cent industry sales decline reported by Swaraj Engines Ltd. The company's annual report highlights opportunities in the horticultural segment and factors like increased affordability, demand for farm mechanisation, and government efforts to improve agriculture. Swaraj Engines foresees its engine business aligning with the industry's growth trajectory.
Bengaluru emerges as a hub for machine learning engineers
Vacancies for machine learning (ML) engineers more than doubled in Bengaluru, underscoring the city's status as a hub for advanced technology roles. HR generalists surged by 53%, and operations managers by 45%.
Buy Triveni Engineering & Industries, target price Rs 465: Axis Securities
Triveni Engineering & Industries Ltd., incorporated in the year 1932, is a Small Cap company (having a market cap of Rs 9053.62 Crore) operating in Sugar sector.
Buy Kirloskar Oil Engines, target price Rs 1500: Motilal Oswal
Kirloskar Oil Engines Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 19443.65 Crore) operating in Engineering sector.
Sansera Engineering, CCL Products among 8 smallcap stocks that can rally up to 50%
Brokerage firm Antique is bullish on several smallcap stocks, which can rally up to 50%. These stocks include Sansera Engineering, Arvind Fashions, CCL Products, and Sumitomo Chemicals. Here is a list of 8 smallcap stock ideas from Antique Stock Broking:
Buy Engineers India, target price Rs 295: Prabhudas Lilladher
Engineers India Ltd., incorporated in the year 1965, is a Mid Cap company (having a market cap of Rs 14848.60 Crore) operating in Services sector.
DEE Development Engineers IPO sails through on Day 1 on robust retail, NII demand
The net proceeds from the DEE Development Engineers IPO will be used towards funding working capital requirements, debt repayment, and other general corporate purposes. Analysts suggested investors to subscribe to the IPO as the company is the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential.
Dee Development Engineers IPO opens for subscription: Should you bid?
Analysts advised investors to subscribe to Dee Development Engineers IPO as the company emerged as the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential. SBI Capital Markets and Equirus Capital are the book-running lead managers to the issue.
Sugar stocks surge over 8% as govt again backs ethanol
Sugar stocks surged on Tuesday as Oil & Petroleum Minister Hardeep Singh Puri reinforced the government's focus on ethanol production, with notable gains seen in companies like Bajaj Hindusthan, Triveni Engineering, Avadh Sugar, and Uttam Sugar.
Volkswagen India to offer 6 airbags across all variants Taigun and Virtus models
Volkswagen India announced that all variants of its Taigun and Virtus models, both rated 5-Stars by Global NCAP for safety, will now come equipped with six airbags. This move is part of Volkswagen's ongoing efforts to enhance its product offerings since the launch of its India 2.0 portfolio. The Taigun, a subcompact crossover SUV, debuted in September 2021, while the Virtus, a mid-sized sedan, was introduced in March 2022.
10 smallcap stocks with highest dividend yield over past one year
The dividend yield is the annual dividend payment to shareholders expressed as a percentage of the stock's current price. According to Trendlyne data, as many as 10 BSE Smallcap index stocks have paid up to a 31.4% dividend yield in the past one year. Here is the list:
Banking tech startup Gravity raises $1 million from Kettleborough VC
Business-to-business (B2B) banking tech startup Gravity will use the fresh capital to strengthen “our engineering strength to build the product and take it to the next version, offering the best in product engineering we can,” cofounder and chief executive Satish Krishnaswamy told ET.
AI and ML powering the next generation of personalisation for on-demand apps: Madan Thangavelu, Senior Director, Engineering, Uber
The on-demand service industry relies on mobile apps for user experience (UX) despite limited UI space on smartphones.
Will this be the Maruti Suzuki Wagon R Electric?
Suzuki files patent for eWX, speculated as electric WagonR for India showcased at Auto Expo 2023. Features tall boy design, closed-off grille with C-shaped light clusters, plastic cladding, yellow highlights, and 230 km range on full charge. Maruti pursuing hybrid vehicle plan, working on Series Hybrid engine, plans for smaller hybrid cars and Swift.
Sony and Siemens to launch industrial VR headset in December 2024
Unlike the current products available in the market, like Apple Vision Pro or Meta’s Quest Pro, the head-mounted display, developed by Sony and Siemens will focus on the industry product engineering and design.
Stupa Sports Analytics raises Rs 28 crore from Centre Court Capital, Peer Capital
Founded in 2020, Stupa Sports Analytics provides games federations and sports teams with analytics of player performance data, broadcasting capabilities and sports digitisation tools through its various platforms.
ISRO's breakthrough '3D-printed' rocket engine saves 97 pc raw materials, 60 pc production time
The new engine, now a single piece, saves 97 per cent of raw materials and reduces production time by 60 per cent, ISRO said. ISRO achieved the major milestone with the successful hot testing of a liquid rocket engine manufactured through AM technology for a duration of 665 seconds on May 9, a release from the space agency said.
Happiest Minds makes third acquisition for $8.5 million
This is the third acquisition for the Bengaluru-based IT services firm in FY25 so far with two acquisitions PureSoftware Technologies and Macmillan Learning India announced in April.
ET Explainer: Will new Apple iPads play disruptor in the AI era?
Apple announced new iPads, including the iPad Pro and iPad Air, with their own processors for desktop-grade applications. Slimmer and lighter with multiple color options, iPads have evolved to cater to creative professionals and students. Will these upgrades revive the declining segment and position iPads as the go-to device for AI-based content creation?
Voltas Q4 Results: Net down 22% YoY at Rs 110.64 crore
Air conditioning and engineering services provider Voltas Ltd on Tuesday reported a 22.75 per cent decline in consolidated net profit to Rs 110.64 crore in the fourth quarter ended March 31, 2024, impacted by higher expenses.
India’s defence production is $13 bn and growing, and MSMEs are providing the tailwind
The government’s push for indigenisation in defence has encouraged smaller players to get into the game and reduce India’s dependence on imports.
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