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RIL shares surged 3.40% to a record high of Rs 2,949.90 against the previous close of Rs 2,852.70 on BSE. The stock fell to its 52-week low of Rs 2012.14 on March 20, 2023.
Along with an on-year rise in net profit and revenue, Godrej Consumer also recorded margin improvement in Q3 which triggered positive views from brokerages.
A couple of brokerages expect Adani Ports to report a revenue around Rs 7,000 crore, up 45-50 per cent YoY. Income may grow in low single digits.
The anticipation of increased spending by the central government in preparation for the 2024 general elections is projected to provide an additional impetus to cement demand in FY24, said Choice Broking.
InCred said Kalpataru Projects is an infrastructure play backed by robust promoter bandwidth, which showcases its ability to initiate, expand, develop, grow and monetize assets.