News Overview

In February 2024, the Supreme Court declared electoral bonds unconstitutional, citing their non-disclosure of funding information as a violation of citizens' right to information. Subsequently, the court directed SBI to furnish all electoral bond-related data.

Last week, the business was awarded a wind-solar power project from Gujarat Urja Vikas Nigam Limited.

Jindal Stainless said in a statement that it supplied premium 'SS 301LN' grade stainless steel for the project.

The investments are made in portfolio companies such as energy, airports, commodities, cement, and media.

Traders and members are advised to only engage in derivative contracts for these securities to reduce their existing positions through offsetting actions. Any attempt to increase open positions during this period will result in appropriate penalization and disciplinary measures, as per NSE regulations.

The business won a ₹1,540 solar project last week. The company's shares had reached a 52-week high of ₹1,287.50 following the order victory.

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%.