The company is on track for profitable growth with its target to double its capacity over 3-5 years. It has acquired GMR Kamalanga at a 20 percent discount to its replacement cost, while it could have acquired it cheaper, if it had waited, said CLSA. … [Read more...] about JSW Energy share price gains 6% on GMR Kamalanga acquisition; CLSA maintains buy
Buy house relocation company
The DoT calculated that Bharti Airtel, Vodafone Idea and others owe as much as Rs 1.47 lakh crore in past dues, including penalties and interest, while non-telecom firms, who had taken some licence from it, owed another Rs 2.65 lakh crore. … [Read more...] about Bharti Airtel share price slips even as it pays AGR dues; CLSA maintains buy
Adhunik is an integrated steel plant located at Chadrihariharpur near Rourkela in Odisha. The plant has both blast furnace and Electric Arc Furnace steel making capability with 0.5 million tons per annum capacity, and a 34MW captive power plant. Adhunik along with Zion Steel, its associated steel rolling facility, has a combined rolling capacity of 0.4 million tons per annum. The sites produce products for the automotive, energy, engineering and oil & gas sectors.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Sanjeev Gupta finally gets a presence in India, completes acquisition of Adhunik Metaliks
A Demat Account is an account that allows investors to hold shares and securities in an electronic format. Demat is an abbreviated word for dematerialisation (the process of converting physical shares into an electronic format). The Demat account remains in dematerialised form. With SEBI disallowing processing or transfer of physical shares of listed companies since March 31, 2019, having a Demat account for trading in share market in India has become mandatory. Also, a Demat Account can hold all the investments an individual make, including mutual funds, bonds, shares, government securities, exchange-traded funds etc. For instance, HDFC Bank Demat Services Demat account allows the investor to buy and sell as well as transact a whole lot of products, other than shares and stocks, easily, quickly and without any paperwork and all conveniently under one roof, and within the comforts of your home. HDFC Bank Demat account offers you a safe, online and seamless mode to keep track of your … [Read more...] about HDFC demat account: Its charges, account opening process, etc.
MUL has a strong return ratio (over 20 percent), with cash at 20 percent of market cap. "MUL would generate strong free cash flows of Rs 200 crore over the next three years and is available at attractive P/E of 11.4x FY2021 and 9.5x its FY2022 earnings," said the brokerage. … [Read more...] about Analysts bullish on this synthetic leather-maker, see over 20% upside