News Overview

IRB Infrastructure stated in a statement that the SPVs paid the NHAI an upfront concession price of ₹6,111 Crore (TOT 12 - ₹4,428 Crore, TOT 13 - ₹1,683 Crore) and that they then obtained the designated dates for both projects from the NHAI.

Domestic sales in March 2024 were 4,59,257 units, down from 5,02,730 units in March 2023, while exports increased to 31,158 units from 16,612 units in March 2023.

At 5x/10x EV/sales for TCOM’s digital portfolio, March’25 fair value per share comes to ~Rs3,092/Rs5,292. This suggests significant upside, if TCOM’s Digital portfolio business achieves scale and drives re-rating. Analysts of IIFL Capital Services raise Mar’25 TP to Rs2,342. However, demand weakness could weigh on near-term financials and offer a better entry point. Maintain ADD.

TPREL's total renewables capacity now stands at an impressive 9,018 MW, with 7,632 MW under power purchase agreements (PPAs).

Passenger car wholesales increased 6% from 5,41,087 units in FY2022-23 to 5,73,495 units in the most recent fiscal year.

According to polls and data, factory activity declined in several Asian economies in March, but there were some encouraging signals in South Korea and China.

To demonstrate its dedication to emerging technologies, the corporation plans to spend more than 30 billion euros on research and development until 2025. It is crucial to be able to combine many technologies to create a whole system.

On Monday, the front-month contract reached its highest close since October 2023, at $83.71 per barrel.

March 2024 witnessed the highest-ever coal production of 88.6 MTs for any month, according to company data.

Usually, actual results are 2-3% better than provisional results, implying high probability of BHE meeting its revenue guidance, thus delivering strong operating leverage led earnings growth of >25% for FY24. Analysts of IIFL Capital Services keep forecasts unchanged; reiterate BUY with revised TP of Rs252 (19% upside) given higher certainty on earnings and attractive relative valuations at 29xFY26 EPS.