Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on Supreme Industries SIL reported better-than-expected consolidated net profit for Q3FY2023 led by robust volume growth in plastic piping along with higher than expected overall OPMs. Net cash surplus increased q-o-q. Management upped plastic piping volume guidance to 35% plus for FY2023 and overall OPM to 12.5%+. Range bound PVC prices along with healthy demand is expected to drive earnings growth going ahead. Capex of Rs. 700 crore, including carry-forward commitments majorly to augment plastic piping capacities, is likely to aid in strong volume growth. Outlook We retain Buy on Supreme Industries Limited (SIL) with a revised PT of Rs. 2,800, rolling forward our valuation multiple to FY2025E earnings and considering its healthy earnings growth outlook. … [Read more...] about Buy Supreme Industries, target of Rs 2800: Sharekhan
Rock roll hall of fame vote
Air India has made ‘quite remarkable progress’: CEO; airline finalising historic aircraft order
An Air India aircraft. As the Tata group completes the first year of taking over Air India, the airline on Friday said it is finalising a historic order of new aircraft while the airline's chief Campbell Wilson highlighted that the carrier's progress has been quite remarkable. Stepping into the second year of Air India 2.0, Wilson, in a message to employees, acknowledged that there will be challenges along the way and emphasised that more than successes, "it is how we respond to our lapses ... that will define us". The airline has put in place a roadmap under Vihaan.AI for transformation over the next five years and has taken various measures, including committing USD 400 million to refurbish the interiors of its entire wide-body fleet. However, in recent weeks, the carrier has faced certain headwinds related to the unruly behaviour of passengers onboard two international flights and has also been penalised by the aviation regulator DGCA. Listing out major initiatives, … [Read more...] about Air India has made ‘quite remarkable progress’: CEO; airline finalising historic aircraft order
Hinduja Global Solutions fixes March 6 as record date for Rs 1,020 crore buyback
Under the scheme, Hinduja Global will buy back 60 lakh shares from eligible shareholders (Representative image) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Hinduja Global Solutions on January 27 informed the exchanges that its board has fixed March 6 as the record date for the planned share buyback worth up to Rs 1,020 crore. The buyback price has been fixed at Rs 1,700 per share, the outsourcing solutions provider said in a regulatory filing, adding that the the buyback size does not include the transaction costs incurred. Hinduja Global added that these terms of buyback are within the maximum limits approved by the board in its meeting on December 19, 2022 , and as approved by shareholders as a special resolution voted through postal ballot, the company said. Results of the postal ballot were announced on January 27. … [Read more...] about Hinduja Global Solutions fixes March 6 as record date for Rs 1,020 crore buyback