JSW Energy will wait for all regulatory clearances before committing acquisition funds for KSK Mahanadi Power and is seeking legal opinion on the subject as it awaits the anti-trust watchdog’s nod for its debt resolution roadmap. The National Company Law Tribunal (NCLT) has already given its approval to the JSW bid. “JSW is likely to … Read more
Domestic markets edged higher for the second consecutive week, moving closer to record highs, supported by favorable cues. In today’s trade, shares of Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp among others will be in focus due to various news developments. Transport CorporationTransport Corporation of India announced that it will conduct its first-ever … Read more
The average market capitalisation cut-off for a stock to make it to the largecap category in the upcoming Amfi semi-annual categorisation is expected to be Rs 84,000 crore compared to an average of Rs 67,000 crore in the six months ending December 2023, Nuvama said in a note. Meanwhile, the midcap threshold is likely to … Read more
Promoters of at least 50 mid and small-cap companies have acquired shares of their firms from the open market since March 1 in the wake of declines in prices of many of these stocks. Jindal Stainless, JSW Energy, Zydus Wellness, Nuvoco Vistas, and Bharat Wire are among the companies in which promoters have purchased shares … Read more
Indian headline indices ended with small gains but scripted a strong turnaround from the day’s lows where S&P BSE Sensex fell by over 450 points while Nifty was down by over 130 points. India VIX, a measure of volatility, was at 12.07, down 5.09% on Wednesday. The overall market sentiment remains bullish on Thursday, and … Read more
New Delhi: JSW Energy on Friday posted an 82 per cent rise in its consolidated net profit to Rs 850 crore for the September quarter on the back of higher revenues. “Profit After Tax (PAT, or consolidated net profit) was Rs 466 crore in the corresponding period of previous year,” a company statement said. It … Read more
JSW Group boss Sajjan Jindal on Tuesday said that they are looking to list two-to-three companies from the conglomerate sooner than expected. This comes after JSW Infrastructure’s listing on the exchanges earlier today, which is a first from the group in nearly 13 years since JSW Energy debuted in 2010. “We have two or three … Read more
Indian equities, ahead of the crucial RBI policy outcome on Thursday, ended on a positive note. The Nifty settled at 19,633, up 62 points, while the Sensex added 149 points, settling at 65,996. Sectorally, the trend was mixed with metal and media emerging as top gainers, while realty was the laggard. Here’s how analysts interpret … Read more
Brokerage firm CLSA maintained a sell rating on JSW Energy, UBS upgraded Havells India to a buy rating, Bernstein maintained an outperform rating on HDFC Bank, and Nuvama retained a hold rating on Sheela Foam. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on JSW Energy: … Read more
Indian equity indices closed little-changed on Tuesday, with a rise in autos and realty balancing out a fall in information technology stocks ahead of a widely expected rate hike pause by the US Federal Reserve, as well as the Reserve Bank of India this week. S&P BSE Sensex rose 0.01% to 62,793 while Nifty remained … Read more