Following the results, global brokerage firm Jefferies cut its price target on the stock to Rs 660 from Rs 700 earlier, maintaining a ‘Buy’ rating.
Fintech player Pine Labs has entered into a strategic partnership with the UAE’s leading digital financial platform, Wio Bank, to modernise its merchant acquiring infrastructure.
Jio Financial Services (JFS): The company has officially incorporated a new wholly owned subsidiary, Jio Alternative Investment Manager Ltd (JAIML), to spearhead its entry into the alternative investment space.
The addition of this new project effectively doubles the capacity at the Salboni site to 3,200 MW, transforming it into the company's largest single-location asset.
JSW Energy revenue is likely to jump 79 per cent YoY to Rs 4,368 crore, led by incremental contribution in generation from acquisition of KSK Mahanadi, Unit-II of Utkal TPP and Mytrah, JM Financial said.
The company plans to raise up to Rs 10,000 crore in one or more tranches through Qualified Institutions Placement (QIP) or other eligible securities.
The company’s portfolio continues to expand, with the total locked-in generation capacity now standing at 30.5 GW.
JSW Energy has been tagged with a ‘Buy’ rating and a target price of Rs 697, suggesting a potential upside of over 50% from current levels.
JSW Energy stock ended on flat note at Rs 451.60 on Tuesday against the previous close of Rs 453.60.
Kotak suggested targets of Rs 320 for Tata Power, Rs 260 for Power Grid, Rs 325 for NTPC, Rs 75 for NHPC, and Rs 495 for JSW Energy. CESC, Coal India, and ACME Solar were valued at Rs 165, Rs 370, and Rs 350, respectively.
The top picks from Axis Securities are Kotak Mahindra Bank, Federal Bank, JSW Energy, Coforge, DOMS Industries, Chalet Hotels, Rainbow Children's Medicare, Minda Corp, and KEC International.
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