Thus far in the calendar year 2023 (CY23), the stock price of PFC has zoomed 127 per cent on strong business performance and healthy outlook
The net profit growth came on the back of increased contribution from merchant power sales in gas-based power plants, from licensed distribution businesses, higher contribution from renewable business
Despite the competitive pressure, the company posted a healthy volume growth of 10.4 per cent Y-o-Y and marginally on sequential basis to 248,831 units
The management said the road ahead for the infrastructure segment looks steady and poised to grow, and the company is well-positioned and perfectly equipped to capitalise on this opportunity.
Post listing, the stock moved higher to Rs 823, a premium of 4 per cent over its issue price of Rs 792 per share on the BSE.
The company also declared the first interim dividend for FY24 at Rs 15.25 per share and fixed November 21, 2023 as the record date for the same
The stock has been one of the top out-performers so far this month, and gained a whopping 18.5 per cent.
Stocks to Watch on Monday, November 13, 2023: Shares of Protean eGov Technologies will list on the bourses today
The board of directors of BSE has approved the fund infusion of Rs 22.36 crores in India India INX and Rs 33.88 crore in India International Exchange (IFSC)
The stock had shed 16 per cent in Samvat 2079. So far in 2023, the stock has declined 9 per cent as against a near 7 per cent gain on the BSE benchmark.
The stock had surged 47 per cent in Samvat 2079. So far in the calendar year 2080, the stock has rallied 41 per cent as against a near 7 per cent gain on the BSE Sensex.
Shares of Cupid were locked in the 10-per cent upper circuit at Rs 818 on the BSE on Friday at 02:12 PM
HALand Airbus have signed a contract for establishing Repair and Overhaul (MRO) facilities for A-320 family of aircrafts.
Shares of Vodafone Idea hit a 22-month high of Rs 14.45 on the BSE in the intraday trade on Friday, recording positive monthly returns for seven straight months
At 10:01 AM, ESAF SFB was quoting at Rs 73.65, 23 per cent higher over its issue price of Rs 60
The company experienced subdued performance amid reduced sales volumes during the quarter due to a difficult macro-economic environment and some channel inventory correction, the management said.
Stocks to watch on Friday, November 10, 2023: Biocon, Hindustan Aeronautics, Hindalco, LIC, M&M, ONGC, SAIL and Tata Chemicals among prominent companies scheduled to announce Q2 results today.
The EBITDA margin improvement of 980 bps points to 33.4 per cent is a result of not only the revenue momentum but also a shift towards high margin business, the management said.
The company cut guidance due to deferment of shipment plans against the confirmed orders from Clean Energy
The deal consideration is Rs 366 crore inclusive of working capital, and will be funded partly through debt financing