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The brokerage likes Brigade in the real estate space as it is a play on strong portfolio of assets in southern market.

Under the rolling hedge strategy, there could be a year or two when you have to pay M-T-M but broadly the strategy rewards you to the tune of 1-1.5% on your bookings

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. The profit stood at Rs 379 crore in the corresponding quarter last year.

The rupee was quoting at 82.7475 to the dollar at 10:50 a.m. IST, barely changed from 82.7175 in the previous session. The rupee has been in a 82.74 to 82.80 range so far.

At CMP, the stock is trading at 23x FY25E factoring in near term recovery.

“TRAI directed the operators to make use of DLT (Distributed Ledger Technology) and passed on the regulatory burden to the operators. They had to basically invest in that. And it is a very complex problem and needs a lot of capex infrastructure. The DLT platform is easier said than done but it has a promise to solve all the problems not only messages but even for calls.”

We value VIL at 11.5x FY25F EV/EBITDA, with a lower TP of INR5 (INR8 earlier) on factoring in the equity dilution following debt conversion of Rs 161 bn and aligning our model for 9MFY23 performance, said the brokerage

Promoters held 62.4 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 6.84 per cent and 0.54 per cent, respectively.

Among the gainers were Adani Electricity Mumbai Ltd.’s dollar 2031 notes, rose 0.7 cent to 72 cents as of 1:07 p.m. in Hong Kong, according to data compiled by Bloomberg. Just three of 15 Adani Group US currency notes are below the 70 cents on the dollar level that’s generally considered as being distressed. Most Adani-linked shares climbed as well on Friday

When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. Usually, an ex-dividend date is set one or two days before the record date. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment