Recommendation: Sell; Target price: ₹779
Margins in Pune metro is minimal at 2% however expect it to improve to 8-10% in Ahmedabad and Pune.
Using Radio Frequency Identification (RFID) technology, FASTag is a gadget that allows toll payments to be made directly from a moving vehicle.
Recommendation: Add; Target price: ₹1780
Following restrictions on the Paytm Payments Bank by the Reserve Bank of India (RBI), the company's shares have become volatile.
Book to bill ratio on trailing 12m revenues continued to weaken for highway contractors (GR saw a rise due to 10% fall in 9M revenue).
BSE Midcap and Smallcap indices exhibited a notable increase, each rising by 1%.
The corporation stated that the investment will be made in stages, pending the required clearances.

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