SECTOR 43 PROJECT
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex closed up 62.87 points at 80049.67
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex closed up 545.35 points at 79986.8
REC loan sanctions grow 24 pc to Rs 1.12 lakh crore in Q1; Rs 40k cr for renewables
Loan disbursements rose 27.89 per cent to Rs 43,652 crore in the period under review. During June quarter FY25, Rs 39,655 crore was sanctioned for renewable energy projects, up 58.72 per cent from the year-ago period. Loan disbursements more than doubled to Rs 5,351 crore from Rs 1,534 crore.
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex was up 266.25 points at 79298.98
Buy Kalpataru Projects International, target price Rs 1385: Motilal Oswal
Kalpataru Projects International Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 19098.79 Crore) operating in Power sector.
Godrej Properties buys TDR certificates for Gurugram project
Godrej Properties has acquired Transfer of Development Rights (TDR) certificates worth Rs 50 crore for its Sector 43 project in Gurgaon, a novel practice in the NCR region but common in Mumbai. These certificates allow for an additional 300,000 sq ft of construction, potentially generating Rs 900 crore in revenue. TDRs, obtained from Haryana government for land acquisition, were sold with a floor area ratio (FAR) of 2. This strategic move is expected to catalyze similar transactions in Gurgaon, following the company's significant sales growth in FY24 and upcoming projects in prime sectors.
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Consolidation push to continue as key raw material gets scarce: 11 small cap cement stocks which fit the bill and may see some action
In less than a month, two cement majors clearly showed their intent. The intent is to grow through an inorganic route. One by complete acquisition, the other by taking a large stake in the company. Another common thing, both of them are focussed on the southern part of India, where the cement companies have a history of being under pressure. So why are they looking toward southern India? The answer lies in something else. It is one of the key raw materials that have become scarce and that is what is leading to a situation where big players clearly know that if they have to grow their capacities they have to pick on companies which have access to that critical raw material. This aggressive consolidation is likely to continue and it is the smaller players which are likely to be targeted.
Pint-sized IPOs become lottery ticket as small investors make up to 1,500% return
The frenzy around SME IPOs driven by retail investors seeking high returns raises concerns about an overheated market and potential bubbles. Despite the success stories, caution is advised as valuations may not offer sufficient margin of safety in the current environment.
Hold Kalpataru Projects International, target price Rs 1211: Prabhudas Lilladher
Kalpataru Projects International Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 19238.50 Crore) operating in Power sector.
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex closed up 131.18 points at 77341.08
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 43%
While the indices might be witnessing correction on intra intra-basis, the broader markets are still very much under the control of the bulls. There is greater likelihood of bullish sentiment continuing, so be bullish but more than anything else in the long term what matters for a stock is earnings and valuation. So be selective, avoid impulsive investing, and keep reviewing one’s portfolio and stay away from penny stocks especially. It is very likely that some of the penny stocks will fly and be distributed amongst retail investors. We look at stocks which have witnessed a continuous rise in their score in the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
India's electronics components demand projected to reach $240 billion by 2030
A new report by the Confederation of Indian Industry predicts the demand for electronics components and sub-assemblies in India to reach $240 billion by 2030, supporting a $500 billion electronics production. Priority components like PCBAs are expected to grow at a 30% rate.
India drops seven notches in global FDI ranking, inflows down 43% in 2023
Global FDI fell 2% to $1.3 trillion in 2023 amid an economic slowdown and rising geopolitical tensions. FDI flows to developing countries dropped 7% to $867 billion. Tight financing conditions led to a 26% fall in international project finance deals, critical for infrastructure investment. “Among the top 20 host economies, the largest absolute drops were registered in France, Australia, China, the US and India, in that order,” it said.
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex closed up 308.37 points at 77301.14
Budget 2024 an opportunity for Nirmala Sitharaman to play some good shots
The Lok Sabha election results in India surprised many as they diverged from the exit polls. The focus now shifts to the Union Budget 2024, setting the economic tone for the future. All eyes will now be on Finance Minister Nirmala Sitharaman.
Monsoon is a headwind, but continued infra push is a bigger tailwind: 5 southern India focussed cement stocks with upside potential of upto 44%
With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. There is no doubt that this happens but over the last few years it has been seen that the decline in demand is not as strong as it used to be, maybe because the overall thrust on infrastructure is far higher or the fact that as the economy recovers, the overall demand matrix is better for cement companies. The fact is that cement has been a sector where most of the analysts have been caught off guards. The stocks have done well and a large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. Another reason to look for cement stocks is the fact that we have a state election coming in near term and that will lead to a situation where push to infrastructure projects would be given and that is always good news for the cement industry.
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex was up 728.69 points at 75803.2
Green energy to drive power sector investment, coal to remain significant: Moody's
India’s power sector investments will be driven by renewable energy and transmission projects which will require an investment of $340-385 billion to meet the government's target and associated incremental transmission and storage system, Moody’s Ratings said on Thursday.
Election results: Which themes will give mutual fund investors the best returns?
Sectoral/thematic mutual funds have delivered up to 380% absolute return in the last five years under the Modi-led government, with infrastructure funds leading the chart.
Infra mutual funds among top winners in last 5 years of Modi government
Infrastructure sector-based mutual funds, including Quant Infrastructure Fund, Invesco India PSU Equity Fund, and Nippon India Power & Infra Fund, have been top winners in the last five years of the Modi government, offering impressive absolute returns up to 380%.
Pledged $2.6 bn sovereign loans to India in 2023: ADB
The Asian Development Bank (ADB) has pledged $2.6 billion in sovereign lending to India in 2023 for projects aimed at urban development, industrial corridor projects, power reforms, climate resilience, horticulture, and connectivity. The multilateral lender also committed over $1 billion for private sector projects and extended $23.53 million in technical assistance and $4.1 million in grants.
Cost overruns in central government projects rise to a 12-month high in April
The Indian government's cost overruns in central government projects reached a 12-month high of 20.09% in April, with 1,838 projects with a value of Rs 150 crore and above costing Rs 33.2 lakh crore. The average time for project completion dipped to 35.4 months from 36.04 in March, with 48% of projects delayed for over two years. The government's focus on infrastructure is expected to continue as a growth driver in the coming year.
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex was up 34.05 points at 75424.55
Godrej Properties sold homes worth Rs 2,000 crore in Noida project
Sector 146 is a prominent upcoming residential corridor in Noida. The area provides good connectivity to the upcoming Jewar Airport, as well as to the metro station, Noida- Greater Noida Expressway and Yamuna Expressway.
Stock market update: Power stocks up as market falls
The 30-share BSE Sensex was down 173.64 points at 73832.3
Buy Kalpataru Projects International, target price Rs 1360: Motilal Oswal
Kalpataru Projects International Ltd. key Products/Revenue Segments include Income from EPC,Contracts,& Others, Transmission Lines, Towers & Structures, Scrap, Others and Export Incentives for the year ending 31-Mar-2023.
NCLT sees 43% rise in debt resolution cases: IBBI
IBBI marks 2023-24 as significant, NCLT sees 43% more resolutions. 'Mediation' in IBC, prepack insolvency for large corp. Outputs surpass inputs, reducing pendency. Emphasis on MSMEs, asset quality, debtor-creditor collaboration.
A $43 billion fund with its high-stakes bets is gambling with Europe’s climate goal
The European Union's Innovation Fund, a 40 billion euros ($43 billion) investment initiative, has experiened early setbacks. These challenges raise concerns about achieving the EU's 2040 climate targets. Despite setbacks, the fund continues to allocate funding to innovative clean technologies, prioritizing investments with potential despite inherent risks.
PM Modi launches 52 tourism sector projects worth over Rs 1400 crore
Prime Minister Narendra Modi launched 52 tourism projects worth over Rs 1400 crore under the Swadesh Darshan and PRASHAD schemes. The projects aim to develop tourism infrastructure and promote pilgrimage and heritage sites across India. The launch events were carried out at all 52 destinations simultaneously. Additionally, the PM launched campaigns like Chalo India Global Diaspora Campaign and Dekho Apna Desh People's Choice 2024 to promote tourism and engage citizens in identifying preferred tourist attractions. Industry experts have welcomed the initiatives but emphasized the need for strong marketing efforts to boost tourism further.
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