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Bullet train: L&T wins Rs 25,000-cr order for Gujarat stretch
The contract is about design and construction of the 237-km long line and the entire section falls in Gujarat. The current Maharashtra government is not keen on the project and has not begun land acquisition.
Stocks in the news: Airtel, Tata Motors, Axis Bank, L&T, ABFRL, LVB, Titan, DRL and Hero MotoCorp
Traders' body CAIT raised objections over Aditya Birla Fashion and Retail's plans to raise Rs 1,500 crore by issuing 7.8 per cent stake to Walmart-owned Flipkart Group.
Japan shares end at over 29-1/2-year high as Nasdaq gains cheer tech stocks
The Nikkei share average ended up 0.91% at 26,537.31, its highest closing level since April 1991. There were 101 advancers on the index against 118 decliners.
D-Street veteran Ramesh Damani shares his magic formula for stock picking
“Time spent with high quality businesses is more important than timing the market,” Damani said, adding that India is aspiring to become the third largest economy from a Third World country.
Buy Larsen & Toubro, target price Rs 1280: Edelweiss
Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 158845.48 Crore) operating in Construction sector.
Stock market update: Nifty IT index falls over 1%; L&T Infotech slips 3%
The index was trading 1.26 per cent down at 20998.05.
Reduce L&T Technology Services, target price Rs 1550: ICICI Securities
L&T Technology Services Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 18561.69 Crore) operating in IT Software sector.
Tesla market value crosses $500 billion in meteoric rally
Shares of the electric-car maker have risen nearly 28% since the S&P Dow Jones Indices decided to add the company to the benchmark index from Dec. 21.
F&O: Nifty stuck between 12,730 & 12,950 levels; VIX eases further
Nifty has to hold above the 12,750-12,800 zone to witness a bounce towards 13,050 and 13,200 levels, while a hold below the same level may trigger weakness towards 12,700 and then 12,650 levels.
L&T Finance Q2 results: Net profit rises 52% to Rs 265 crore
It recorded its best ever monthly disbursements in the rural business and a strong pick up in infrastructure disbursements.
J&K L-G Manoj Sinha says passing of MIS scheme for Apple procurement is a great relief
Sinha said that the move would ensure optimum prices to the Apple farmers and give necessary fillip to the economy. “The scheme is a great relief for apple growers. It will provide a comprehensive insurance cover against any obstacle thus helping in stabilizing the income of the apple farmers. It will also address all issues related to marketing and transportation in addition to provide optimum returns to apple growers,” said Sinha.
L&T Construction bags orders for its metallurgical, material handling business
The company did not provide the value of the contracts but said the orders fall under the 'significant' category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts.
L&T Infotech Q2 result: Net profit rises 27% to Rs 457 cr
Its revenue grew 16.6 per cent to Rs 2,998.4 crore in the reported quarter from Rs 2,570.7 crore in the year-ago period.
L&T jumps 3% on emerging as lowest bidder for Rs 24,985 cr contract
PTI quoting sources said that the contract is worth Rs 24,985 crore and the construction major is set to bag the largest civil contract of the bullet train project. Ahmedabad-Mumbai bullet train is the first high-speed train project of India, which is being built with the help of Japan.
Vaccine bets have analysts favoring sector leaders in India
“The risk with the biggest companies from a balance sheet or funding perspective is lower,” said Aditya Narain, head of research at Mumbai-based Edelweiss Financial Services Ltd.