Recommendation: Add; Target Price: Rs 700
Despite its inherent benefit of being a coastal city, Mumbai suffers from extremely severe air pollution.
The acquisition was approved by the National Company Law Tribunal, Mumbai Bench, on November 2, 2023
The earnings growth has downside risks, if Morbi’s growth dwindles, and remains sensitive to Ebitda/scm assumptions; Rs0.5/scm change leads to ~10% swing in FY25 PAT on unchanged volumes.
L&T is actively involved in construction projects for major airports in Delhi, Hyderabad, Bangalore, Chennai, and Navi Mumbai.
Earlier on November 1, the bank announced Handa's departure as CDO in an exchange filing.
This surge followed the company's announcement of securing new orders valued at Rs 380 crore
Adani Ports reported cargo volumes of 37 million tonnes for the month of October.
Prior to the IPO, ESAF Small Finance Bank collected Rs 135 crore from anchor investors on Thursday.
Before the IPO launch, the company successfully raised Rs 143.5 crore from anchor investors
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