3C investing new mantra for stock pickers after Budget. Over 30 ideas from 6 brokerages
Global brokerage firm BNP Paribas' Kunal Vora sees the Budget as positive for infrastructure because of the large budgetary allocation, private banks for relative attractiveness of FDs and MFs and consumer durables on account of higher disposable income.
Time to bet on infra sector! KNR Construction, Ashoka Buildcon can give 30-60% return in 1 year
Improving traffic movement and FASTag implementation are leading to strong toll collections. Improved toll collections are critical for faster monetization of Road assets by the Road Ministry and would also help companies that are looking to monetize their existing toll assets.
Wondering what this earnings season has in store? Check out brokers’ sector-wise preview
Margins remained pressured as companies deal with elevated attrition resulting in high retention costs and increase in travel and discretionary expenses. Infosys and TCS may perform well but many others face risk of growth downgrades, Kotak said.
NIIF may acquire Ashoka Buildcon toll road company for Rs 1,000 crore
Multiple people told ET that talks are reaching the concluding stage on ownership transfer of the Jaora-Nayagaon Toll Road Company that operates the 120-km Jaora-Nayagaon section of SH-31 (erstwhile NH-79). An Ashoka subsidiary owns 74% of the Jaora-Nayagaon Toll Road Company, while Macquarie India owns the remaining 26%.
After 20% rally in a week, analysts expect this infra stock to zoom another 80%. Here's why
The smallcap company'S Q4 revenue from operations was up 12 per cent YoY at Rs 1,560 crore (sequentially 41 per cent) on the back of strong executions. Profit after tax (PAT) was up 26 per cent due to higher other income and tax write back, while EBITDA stood at Rs 160 crore (-22 per cent YoY/ +30 per cent QoQ) and missed estimates.
Easy funding, flexible qualification criteria help unlisted road companies gain market share
There are two key factors which have contributed to this trend. Unlike build, operate and transfer (BOT) projects, which require high capital, hybrid annuity construction projects are asset light as 40% of the project cost is borne by the government. Due to this, banks have been funding construction projects of unlisted companies. The second factor is flexible pre-qualification norms to secure projects.
With new COVID-19 cases breaching 1,000 mark in state, Karnataka government mulls tough rules
Elaborating, Minister Ashoka said a government panel on COVID-19 in which he, Higher Education Minister Dr C N Ashwath Narayan and Health Minister Dr K Sudhakar are part of would convene a meeting before January 7.
Karnataka government cuts property guidance value by 10 pc for next 3 months
For the purchase of property, whether it is a revenue land, site, building or a flat, the government is slashing the guidance value by 10 per cent which will be applicable across the state for three months only, Ashoka said while speaking to reporters here.
Blind loyalty poses this dilemma - how does one avoid appearing monumentally silly if one has all the while championed the action of an entity only to find one fine morning that the entity has disowned that very action? Answer: one doesn't.