The stock slides as government initiates an offer for sale (OFS) to reduce its stake by up to 5.36 %.
The MoU aims to identify mutual areas of interest in railway projects and foster collaboration between the two entities.
The IPO includes a fresh issue of equity shares worth Rs 750 crore and an OFS of up to 70,323,408 equity shares
Recommendation: Add; Target price: Rs 1450
The company's revenue for Q2CY24 grew by 15.4%, reaching Rs 4,658.5 crore
Recommendation: Add; Target price: Rs 355
The company's gross non-performing assets (NPA) ratio was 0.87% in the April-June quarter.
Recommendation: Buy; Target price: Rs 395
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