Kiri Industries Ltd, Bank of Maharashtra, Indian Overseas Bank and PNB Housing Finance Ltd are among the other gainers in the BSE s A group today, 04 June 2021.
Kiri Industries Ltd, Bank of Maharashtra, Indian Overseas Bank and PNB Housing Finance Ltd are among the other gainers in the BSE s A group today, 04 June 2021.
Power Mech Projects Ltd soared 12.06% to Rs 704 at 11:49 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 49169 shares were traded on the counter so far as against the average daily volumes of 7185 shares in the past one month.
Kiri Industries Ltd spiked 11.95% to Rs 577.05. The stock was the second biggest gainer in A group. On the BSE, 1.28 lakh shares were traded on the counter so far as against the average daily volumes of 40141 shares in the past one month.
Read more about Industrials stocks rise on Business Standard. Industrials stocks were trading with gains, with the S&P BSE Industrials index increasing 40.48 points or 0.86% at 4747.47 at 09:49 IST.
Power Mech Projects Ltd bags contract of Rs 343 44 crores equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Broker s call: Power Mech (Buy)
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Updated on
CMP: ₹576.05
Power Mech Projects Ltd is a leading infrastructure-construction company based in Hyderabad with global presence. The company has an order backlog of ₹7,353 crore (as on February 16, 2021), which shows revenue visibility for next 3 years.
The company enjoys market leadership position in power O&M (Operations and Maintenance) and erection business with a market share of 55-60 per cent. Diversification of business to non power segment, especially civil (including railway, petro chemical, water etc) has helped the company to be in the growth track .
We expect order backlog to grow at 14 per cent with an average order intake of ₹3,500-4,000 crore per year. Revenue is expected to grow at a CAGR of 30 per cent during FY21-23 and ROE to be at 16.3 per cent by FY23.
Profit taking may sink Nifty 200 points at open
March 04, 2021
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Most Asian-Pacific markets slumped in excess of 1% in early trade on Thursday while US stocks declined overnight
After gaining sharply in the last three days, Indian markets are likely to witness profit booking on Thursday. Clues from SGX Nifty and global markets too indicate a cooling-off of the bull party. SGX Nifty is currently ruling at 15,074, down about 220 points, against Nifty futures, which closed at 15,298.65 on Wednesday.
Most Asian-Pacific markets slumped in excess of 1 per cent in early trade on Thursday while the US stocks declined overnight, with Nasdaq being the biggest loser by 2.70 per cent. The Dow Jones Industrial Average slipped 0.40 per cent and the S&P 500 1.31 per cent.