Recommendation: Add; Target price: Rs 5650
Bidding for Retail Investors will begin on Friday.
Recommendation: Add; Target price: Rs 5650
Consolidated revenue was Rs 9,016 crores, up 4.6% year-on-year and 1.2% quarter-on-quarter (QoQ).
Funding for the acquisition is likely to be a mix of debt + equity.
In the previous session, on January 16, the ADR price was down 6.7% to $61.18 per share.
The order is slated for execution within one year and is expected to escalate to $5 million over the next five years.
The newly established dry dock, with a cost of Rs 1,799 crore, is located at CSL's existing premises in Kochi
The award is contingent upon the execution of the purchase order
Sheetal Agarwal of IIFL caught up with the management of the IPO-bound company. Edited Excerpts:
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