Afcons Infrastructure has won a BMC contract to build a tunnel that will transport desalinated water across Mumbai, a key step in the city’s efforts to reduce dependence on monsoon-fed reservoirs and strengthen long-term water security.
Aegis Logistics reported a consolidated net profit of ₹484 crore for the quarter ended June, compared with ₹131 crore in the corresponding period last year. Revenue from operations increased 37% year-on-year to ₹2,357 crore from ₹1,719 crore.
In US Dollar terms, Firstsource reported revenue of $288 million, implying a constant currency growth of 2.2% on a sequential basis.
KKR acquires Medicover India for $1.3 billion, marking a major bet in Indian healthcare. Medicover exits India, focusing on European markets.
Samvardhana Motherson is anticipating the planned European OEM launches to support industry growth going forward, and also sees a favourable outlook for the North American CV market as the recovery there has managed to sustain.
Automobile Corporation of Goa was the worst performer among the three, falling as much as 15%. The company delivered 2,712 bus bodies during the June quarter, marginally lower than 2,784 units a year ago, citing weaker international business due to…
IIFL Institutional Equities’ Renu Baid Pugalia expects Cummins India’s margin pressure to ease over the next few quarters as price hikes take effect. She prefers CG Power, ABB, Siemens and L&T for stronger earnings growth, while remaining positive on GE…
Shares of Navin Fluorine are trading 10.7% higher on Thursday at ₹8,422, having made a record high of ₹8,450. The stock is now up 42% so far for the year.
Anup Engineering’s revenue from operations declined 29% YoY to ₹125.25 crore from ₹175.23 crore in the year-ago quarter.
28 analysts have coverage on Hindustan Aeronautics, of which 23 have a “buy” rating, one says “hold” and four have a “sell” rating on the stock. The consensus estimates of price targets have a 10.1% upside potential from current levels.