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Dilip Buildcon, PNC Infratech and KNR Constructions. However, NCC is estimated to report a higher 37% YoY sales growth, driven by its strong order book, which is highest among peers. For toll-based assets, the brokerage firm forecast 5% sequential rise in revenue.

Singh said long-time disregard for the border between India and Myanmar led to adverse consequences. He acknowledged shared cultural ties between the communities on both sides but added that earlier interventions could have prevented the existing challenges. The CM also expressed disappointment at the lack of security at the border, emphasising the inability of existing forces to simultaneously manage counter-insurgency and border protection.

Price-to-Book ratio (PB ratio) is a popular measure to assess a company’s current value. ET looks at the interpretation and suitability of the PB ratio and how to use it effectively when assessing the valuation of a stock. What is PB Ratio? Price-to-Book ratio is a metric that investors use extensively to determine the valuation of a stock. It helps to understand if a stock is undervalued or overvalued. How is the ratio calculated? It is calculated by comparing the current market price of a stock with its book value.

₹13,000 crore in the December quarter with the pre-launch of its latest residential project DLF Privana South, a senior executive said. The project, located in sectors 76 and 77 in Gurugram, was pre-launched on 22 December and all 1,113 flats were sold in three days, bringing in ₹7,200 crore. In the first two quarters of FY24, DLF achieved sales bookings of around ₹4,268 crore.

Pidilite was a standout stock in 2023. In response, some readers inquired if it could be a 100-bagger from its current level. Their curiosity takes me back to a quote by Thomas Phelps: "To make money in stocks you must have vision to see them, courage to buy them, and patience to hold them." But Phelps' quote is only half the story, and I'll explain why shortly.

Godrej Consumer Products Ltd. fell 3.65 per cent to Rs 1175.25 in Monday's trade as of 02:10PM (IST) even as the benchmark Nifty ruled at 21587.4, down 123.4 points. The scrip had closed at Rs 1219.85 in the previous session.

Signature Global has reported 47.4% increase in sales booking in Q3FY24 on back of strong demand. The company’s pre-sales has grown to Rs 1,262 crore in the third quarter and collections for the third quarter grew 45.9% to Rs 769 crore. For the first nine month of FY24, pre-sales bookings grew 41.4% to Rs 3,124 crore, according to the regulatory filing by the company. The company has acquired two land parcels in Sector 71 and sector 37D and it plans to launch before March 2024. Signature Global holds a market share of 19% in Delhi NCR in affordable and mid-housing segment. Backed by equity investors like HDFC and IFC, Signature Global has delivered over 6 million square feet and has ongoing projects in 17.21 million square feet area along with a robust forthcoming pipeline of 21.29 million square feet of saleable area.

SRF Ltd. traded at Rs 2425.3 on BSE at 01:44PM (IST) on Monday, down 2.28 per cent. The stock quoted a 52-week low price of Rs 2050.0 and a high of Rs 2636.65.

Venugopal Garre, MD, Bernstein, says, “the return expectations have to be a bit more modest this year from equities and unless we see any further sudden surprises coming in later in the year. That is how we're starting the year with an 8% Nifty return expectation for this year. We are essentially saying that book profits right now wherever you can because it could be a range-bound in a volatile market especially in the sort of a near term. Not really changing a three-year or a long-term outlook where we are still extremely bullish on India from a long-term perspective.” We have had a good 2023. How much of the 2023 good market, good momentum will spill over to 2024 as well? Are we in for another year of positive returns? Venugopal Garre: Yes, last year was exceptional but I think at the beginning of last year, there was a lot of uncertainty. I do not think this call for last year was something which was conceived at the beginning of last year. In fact, we ourselves upgraded India only at the fag end of March and early April to a buy. Now the reality is that given the fact that we are sitting with a lot of gains last year and more importantly, as I see a lot of the base support especially for the economy to a large extent is behind.

Prime Minister Narendra Modi, home-grown travel company EaseMyTrip has decided to stop bookings for the island nation, claiming that 'nationalism' is greater than any 'personal interest'. Also Read | India-Maldives Diplomatic Row: 3 ministers suspended, EaseMyTrip stops bookings, Lakshadweep in focus | Top 10 Updates Announcing the news via a post on X (formerly Twitter), EaseMyTrip founder Prashant Pitti wrote, Water & beaches of Lakshadweep are as good as Maldives/Seychelles.

Sanjiv Bhasin, Director, IIFL Securities, says “for this quarter, it will be Indus Tower on the back of results, on the back of positive developments on Idea. SW Solar is my stock for the year. Do not sell it for less than Rs 750. Their book is doing extremely well. It is a debt-free company. It has an order inflow of almost Rs 40,000 crore in FY24-25 with not a single order from the parent. There is a 12% MVP margin. This stock can be an outperformer from here. And last but not least, DCB Bank.” What exactly is the strategy going to be when it comes to largecap IT? We were just mapping out the one-year returns of individual IT stocks and very diverging moves for instance between an HCL Technologies versus an Infosys. How are you looking at identifying some of the winners in particular within the IT space for the year ahead? Sanjiv Bhasin: HCL Tech has been one of our top picks along with Persistent and LTTS. We still think that combination is going to work excellently. HCL Tech's numbers will be by far the best we have seen in the largecaps. But now we have upgraded Wipro. We think Wipro is going to be a key outperformer in the sense that a large part of the domestic government contracts are going to come online and they are gaining more and more contracts on that basis. They are very well equipped for that.

been suspended from their post effective immediately". Earlier, one of the suspended deputy ministers of the Maldives cabinet, Hassan Zihan, had quoted a local media tweet on microblogging platform X and had called the news “Fake". A row erupted on social media last week when a minister and some other leaders in the Maldives used derogatory remarks against PM Modi after he posted a video of him on a beach in Lakshadweep.

Also Read: AU Bank Zenith+ Credit Card: From eligibility to benefits; all you need to know To boost your approval odds for the Standard Chartered Ultimate credit card, it's vital to meet these key criteria: Age range: 21 to 65 years. Income stability: A consistent monthly income. Credit score: A satisfactory rating.

Bharat Heavy Electricals Ltd (BHEL) have shot up 139% in the past year, despite persistent concerns about mounting receivables, elevated debt and strained working capital. The company’s main issue is that payment terms in some ongoing projects are highly skewed towards the latter stages. Other problems include slow execution, delays, and milestone-linked payments.

In the last year, Suzlon Energy's shares have rallied 277% while Benchmark Sensex gained 19%. The company is now debt-free and generating cash. Chief executive officer, J P Chalasani tells ET the company wants to insulate itself from being a cyclical organisation and build an annuity business model through its services business. Edited excerpts: Suzlon's shares rallied in the past year. What do you attribute this to? The answer is investor confidence.

Japan skipper Yuri Nagai on Sunday said they made a few changes to their squad following a heart-breaking loss to India in the Asian Champions Trophy final and picked themselves as a top contender for the Women's Olympic qualifiers. Japan and New Zealand, the final two remaining teams, arrived here on Sunday for the highly-anticipated Olympic Qualifiers beginning on January 13. «Among the Asian representatives, Japan and India are the sole contenders in this tournament.

Narayana Murthy sleep on a large box in a windowless storeroom surrounded by cartons during a visit to the United States for work in the initial days. However, the client's own home had four bedrooms, the book “An Uncommon Love: The Early Life of Sudha and Narayana Murthy" published by Juggernaut Books revealed. Indian-American author Chitra Banerjee Divakaruni has come out with a biography covering the early days of Sudha Murty's and Narayana Murthy's lives that is replete with many such nuggets about the iconic couple.

IndoStar Capital Finance sold Rs 292 crore stressed asset portfolio to Encore Asset Reconstruction Company in a deal which involved a senior-junior structure between the buyer and the seller, said people with knowledge of the matter. The senior-junior structure is rarely used between an ARC and a seller (banks or finance companies), with regulators discouraging such structures in AIF transactions. Encore ARC had given a binding offer of Rs 271 crore to IndoStar Capital’s Rs 292 crore loan portfolio in the form of a senior junior structure. The offer by Encore ARC triggered a Swiss Challenge auction. Mid of December, IndoStar had invited counteroffers — under senior-junior structure — from other ARCs.

₹1. The offer for sale comprises of up to 1,14,59,840 equity shares by AceVector Limited (formerly known as Snapdeal Limited) (“Promoter Selling Shareholder"); up to 22,10,406 equity shares by B2 Capital Partners and up to 1,61,70,240 equity shares by SB Investment Holdings (UK) Limited (“Investor Selling Shareholder"). Also read: IPOs next week: One mainboard, 3 SME public issues and one listing to keep primary market busy The public issue will not comprise any fresh issue of equity shares.

Market ahead: Q3 results, Red Sea crisis, inflation, FII activity among key market triggers to watch next week Nevertheless, analysts anticipate that the public offering by Jyoti CNC Automation will mark the commencement of a potentially active period in the initial share sale market. This momentum is expected to persist for a few months before a temporary hiatus coinciding with general elections. “CY2023 turned out to be an eventful year for the Indian primary market.

OpenAI, under the leadership of Sam Altman, and tech giant Microsoft are in the spotlight facing a fresh class-action lawsuit. The lawsuit, filed by book authors, accuses both companies of utilizing copyrighted materials without permission to build a highly profitable AI system, triggering serious allegations of intellectual property theft. Nicholas Basbanes and Nicholas Gage, non-fiction authors, have taken the initiative to file a lawsuit in Manhattan federal court, representing a group of writers who claim their copyrighted works have been consistently appropriated by Microsoft and OpenAI. The lawsuit's central accusation compares the companies to common thieves, emphasizing their alleged infringement on intellectual property.