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Nonetheless, the commentary of little tolerance for underperformance has enthused investors, expecting an improvement in the company’s fortunes, it added

Fresh projects announced in the April-December period grew by a sharp 53% YoY, led by manufacturing, electricity, and infrastructure, Emkay Global Financial Services said in its report. These segments saw growth of 51-64% YoY growth in order wins

“If you are not making money in the OEMs and are more into the consolidating phase, how can you make money? You need to go one step back, look at the B2B companies which are providing materials to all of these suppliers. All of these cement manufacturers and that is where you can make money. For example, AIA Engineering is one stock we have been tracking.”

On the technical charts, the RSI of the stock stood at 39.61.

A total of 13,569 shares changed hands on the counter till 02:09PM (IST).

The stock traded at a P/E multiple of 78.27, while the price-to-book value ratio stood at 7.87.

FMCG major Nestle India on Thursday posted a 66% year-on-year (YoY) rise in net profit at Rs 628 crore for the fourth quarter ended December 2022.

Adani Green shares were up 3% on Friday, after losing nearly 70% since a Jan. 24 report by U.S. short seller Hindenburg Research. Adani Power climbed 5%, while Adani Ports and Special Economic Zone was marginally higher

EBITDA before forex declined 15% to Rs 262.82 crore in the third quarter of 2022 from Rs 310.83 crore posted in the same quarter of FY22. EBITDA margin reduced to 16.67% in Q3 FY23 as compared with 21.53% reported in the same period last year

"The promoters have absolutely no intention of undertaking any secondary sale of promoter stake nor does the company have any intent to raising equity capital of any form as the company has strong financial fundamentals and healthy cash profits that will meet the needs of capital for its future growth," Pricol said in a filing.