News Overview

During the life of the PPA, the annual Capacity Utilisation Factor (CUF) cannot be less than 50%, and the rated power capacity of solar and wind power must be in a 2:1 ratio.

As of December 2023, Goswami Infratech Pvt Ltd holds a 72.35% stake, while Shapoorji Pallonji and Company owns a 16.64% stake in Afcons Infrastructure Ltd.

NTPC aims to explore innovative technologies and sustainable practices to further improve performance and contribute to the nation's energy objectives.

The IPO exclusively comprises an offer-for-sale (OFS) component, involving 1.8 Crore equity shares, with no fresh issue component. The OFS constitutes 30% of the total paid-up equity capital.

HDFC Bank highlighted Rampal's significant contributions in scaling up business and implementing digital initiatives

The Mehta family, who are the promoters of the company, currently holds an 86.67% stake, while the remaining 13.33% is publicly owned.

Quess’ underlying business momentum remains healthy and the targeted Ebitda break-even at foundit by Q4FY24 remains on track. Analysts of IIFL Capital Services raise EPS for FY25/26 by 5%/2%. Their new TP comes to Rs650 (vs Rs640 earlier).

Management believes that while Gen-AI is capable of driving business disruptions, it is still an evolving model. For large-scale deployment of Gen-AI, ILOM will have to wait for Gen-AI to stabilise and become more mainstream. However, the company continues to experiment with the technology. Maintain BUY.

This project, costing ₹95.95 Crore, is scheduled to be completed within 240 days.

The stock is currently trading at ~58x/48x CY25/26. Though expensive, analysts of IIFL Capital Services believe the valuation is justified given the track record and strong growth prospects. They maintain BUY; TP Rs1,500.