Weak performance likely amid lower Aluminum prices
Recommendation: Add; Target Price: Rs 5000
The authorized share capital of Nettle and Telesonic will be added to the company's authorized share capital.
Analysts of IIFL Securities believe positive impact of the budget announcements on the infrastructure sector.
The net profit includes an exceptional gain of Rs359 crore from a JV with Bel SA.
Its’s a win-win situation fortifying our nations rural infrastructure and adding power to lower and middle income groups.
The Rs 13.7 lakh crore investment for infrastructure by the Government is a big positive step for the country.
The emphasis on green growth with renewable energy, environmental conversation and matters of reforestation specially of the coastal areas are critical to note.
This year’s Budget announced is focused on building a robust digital infrastructure across sectors while promoting green growth and job creation.