Page 4 - Infrastructure Developers News Today

Delhi High Court Pre-Deposit Of 20% Demand Is Not Precondition For Consideration Of Stay Application During Pendency Of First Appeal: Delhi High Court Case Title: National Association Of...

Majority of stocks in the Nifty Smallcap 100 index are trading at discounts ranging from 10% to 45%.

The downward trend in small-cap stocks was triggered by concerns raised by market regulator SEBI regarding the froth building up in small-cap and mid-cap segments. This prompted the Association of Mutual Funds in India (AMFI) to instruct mutual funds to conduct stress tests.

Chief minister A Revanth Reddy orders a comprehensive inquiry into the contract given to a private agency by the previous BRS govt for integrated toll collection and maintenance of Nehru Outer Ring Road. The state govt is losing thousands of crores of rupees toll tax due to this contract.

Data available from corporate database ACE Equity showed that select five stocks with high foreign ownership have surged upto 200% in last 12 months.

Ventura Securities is bullish on IRB Infrastructure Developers has recommended buy rating on the stock with a target price of Rs 94 in its research report dated November 06, 2023.

Managing director Jayant Mhaiskar said the company will issue shares to Nagpur-based Ashmi Road Carriers (ARCPL) after approval from shareholders. "We have done our checks with regard to PPIRP and we qualify for the same. Separately, we are also talking to banks to restructure our loans in our operating company, MEP Infrastructure Private Limited (MIPL) by infusing ₹125 crore," he said.

Smallcap mutual funds are those that invest at least 65% of the corpus in smaller companies. These companies are often seen as having significant potential for alpha generation and future growth, though this potential comes with heightened risk.

Nifty is currently placed at the edge of breaking above the immediate hurdle of 21,850 levels and a decisive move above this resistance is likely to pull Nifty towards 22,000-22,100 levels in the short term. Immediate support is at 21720 levels, said Nagaraj Shetti of HDFC Securities.

A breakout above 22,150, Nifty may experience upward momentum, potentially reaching levels such as 22,500 and beyond, says Rupak De, Senior Technical Analyst, LKP Securities.