KRBL | CMP: Rs 373.20 | The scrip rose six percent after CARE Ratings reaffirmed the ‘CARE A1+’ rating on the commercial paper limits of the company. The ratings agency has reviewed commercial paper worth Rs 500 crore. The reaffirmation of the rating granted to KRBL’s commercial paper instrument continues to draw strength from the experienced promoters with a lengthy track record of operations in the rice business. In both local and foreign markets, the firm has a well-established brand name and market position in the basmati rice sector.
Schaeffler India | CMP: Rs 3240.50 | The share shed eight percent last week. Kotak Institutional Equities downgraded the stock to 'sell' from 'add' but maintained its target price of Rs 2,600 apiece— an implied downside of 23.98 percent. The brokerage in a note said the strong medium-term growth opportunities are priced in. The company's growth potential in export market remained optimistic but achieving 19 percent domestic revenue compound annual growth rate (CAGR) over calendar years 2021-35 will be a challenge. Schaeffler India exports industrial bearings to its parent entities.
Delta Corp | CMP: Rs 209.55 | The stock price slipped seven percent after the company denied reports of receiving a casino licence in Daman. The scrip closed Rs 10 or 4.7 percent lower at Rs 215 on the National Stock Exchange (NSE). In an exchange filing on September 16, the company said: "We have been made aware that there are various online articles and social media posts claiming that Daman and Diu has granted casino licences inter alia to Deltin Hotel, Daman."
Triveni Engineering | CMP: Rs 262 | The scrip was up over six percent in the week gone by. Triveni Engineering and Industries has launched a block deal to sell 11.85 percent stake in industrial steam turbine manufacturer Triveni Turbine, CNBC Awaaz reported on September 20. The company is aiming to raise Rs 875 crore via the block deal sale. Up to 3.82 crore shares are targeted for offloading by Triveni Engineering at a price range of Rs 226.5-229 apiece.
The views and investment tips expressed by experts on here are their own and not those of the website or its management. We strongly advises users to check with certified experts before taking any investment decisions. We are not responsible for any losses.
No comments:
Post a Comment