B&K Securities

Why CG Power is poised for a turnaround

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Why CG Power is poised for a turnaround

On the operational front, CG Power is among the leading companies in power transmission and distribution, railways and motors industries. Synopsis CG Power had a long term debt of over Rs 2,000 crore at the end of FY20. The Murugappa group has struck a settlement with banks (SBI is the lead banker) to repay Rs … Read more

Indian equities to face correction after 50% rally: Poll

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Indian equities to face correction after 50% rally: Poll

BENGALURU: Indian stocks won’t return to their pre-COVID-19 levels this year despite a rally in recent months because companies face further difficulties and a market correction is likely, a Reuters poll of equity strategists found. The benchmark BSE Sensex Index has rallied over 50% from a record low hit on March 24, a day before … Read more