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L&T Infotech shares decline 1.79% as Sensex slides

Updated at : 2022-08-02 15:55:01

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A total of 8,412 shares changed hands on the counter till 01:30PM (IST)

"The company is focussing on lighter jewellery along with campaigns to cater to regional tastes and preferences. Further, the eyewear business is gaining scale and growth prospects in this large but highly organized segment look encouraging. Watches and wearables growth will be led by a significant revamp of WOT distribution and emerging wearables segment," it said.

“The acquisition of Pantnagar land is in alignment with the company’s vision of a five times growth plan which targets a revenue potential of Rs 4,000 crore over the next 3-5 years. Ghatkopar, Pantnagar is poised to become a lucrative destination for the homebuyers with its newly planned infrastructure development,” said Dhaval Ajmera, Director, Ajmera Realty & Infra India.

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Promoters held 0.0 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 8.68 per cent and 2.1 per cent, respectively.

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"We have now assumed a tariff hike of 15 per cent in our Q4FY23 estimates and lower SUC charge. As 5G use cases are still scarce globally, monetisation of such high-spectrum investments will take longer. We have not yet baked in 5G revenue in our estimates, as we would wait for progress on the commercial launch and B2B tie-ups by companies," Emkay Global said.

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The Relative Strength Index of the stock stood at 63.57 on Tuesday.

With an improved growth profile and optimal capital utilisation, with benefits of a likely credit rating upgrade, the move is unlikely to be earnings or return on equity (RoE) dilutive, said analysts. Prashant Kumar, MD & CEO at YES Bank told ET NOW earlier this week that the fundraising would be a turning point for his bank.

Triveni Turbine rallies 14% after robust Q1 numbers

Updated at : 2022-08-02 14:25:03

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Triveni Turbine Limited (TTL) has core competency in the area of industrial steam turbines, designing and manufacturing them up to 100 megawatt size. In a separate statement, Dhruv M Sawhney, Chairman and Managing Director, Triveni Turbine said, "The company has started FY23 on a positive note. During the quarter, we have reported yet another record order booking in a single quarter of Rs 360 crore, which will boost our performance in the year."

“JLR is not the issue with Tata Motors. The domestic business is doing well for them. They have taken a very clear lead as far as EVS are concerned. Mahindra & Mahindra surprisingly has done extremely well on the SUV front and have changed the outlook on the company and now is more of a four-wheeler than a tractor company.”

Concor share price down 0.63 per cent

Updated at : 2022-08-02 14:25:03

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A total of 42,500 shares changed hands on the counter till 01:09PM (IST).

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