Recommendation: Add; Target Price: Rs 165
NTPC is also planning to come up with initial public offering for its renewable energy arm NTPC Green Energy Ltd (NGEL) to raise funds
The introduction of the Paytm UPI SDK is an additional feature within the existing UPI acquiring arrangement between Paytm Payments Services Ltd. and Paytm Payments Bank.
Recommendation: Buy; Target Price: Rs 825
Recommendation: Buy; Target Price: Rs 220
Recommendation: Buy; Target price: Rs. 510
Recommendation: Buy; Target Price: Rs 4750
The company has also received approval for change in one of the cosponsors of HDFC Mutual Fund from HDFC Ltd to HDFC Bank pursuant to the scheme becoming effective.
Resolution plan rejected because one of the creditors, Kotak Mahindra Bank, rejected it.
In spite of weak realisations QoQ, profitability is expected to improve sequentially in Q4, owing to operating leverage benefits driven by higher volumes. Softening energy prices would further support Ebitda/t improvement in H1FY24.