News Overview

Krystal Integrated Services secured Rs 90.04 crore from 10 institutional investors. Inga Ventures serves as the book-running lead manager for the IPO, with Link Intime India appointed as the registrar.

At 10.2x FY26 EPS, the valuation is compelling. Analysts of IIFL Capital Services recommend investors to buy into the current weakness in the stock. Maintain BUY with TP of Rs705 (18% upside).

The defence ministry and the firm signed two contracts on March 13th, worth a total of ₹8,073 Crore, to purchase 34 cutting-edge light helicopters and related equipment for the Indian Army and the Coast Guard.

At the time of launch of Birla Opus, the company had stated that it would be giving 10% quantity free across all its SKUs, as a part of an introductory offer. Factoring this in, the price discount is ~15%.

At its meeting on March 16, the board gave a fund-raising committee the authority to specify the parameters of the planned fundraising.

The regulations offer stability on the regulatory framework for all operational units; further, through a favourable incentive structure CERC has improved risk reward for hydro IPPs; analysts of IIFL Capital Services also like the approach to reflect underlying inflationary trends in benchmark costs which should allow better cost recovery.

The regulator suggested in a consultation document dated December 9, 2023, about the framework for issuing subordinate units for REITs and InvITs

The Scheme may help the foreign brand get an entry into the India market. However, if the OEM is unable to meet the listed conditions (investment, timelines, localisation), it would be liable to pay the “customs duty foregone” to the government.

The Federal Open Market Committee will meet for two days to discuss interest rates starting on Tuesday. On Wednesday, it will make the announcement about its rate choice and issue a statement.

According to a Reuters study, the attacks caused Russia's refining capacity to idle by about 7% during the first quarter.