Analysts believe Jaiprakash Associates' businesses lack synergy with Vedanta, potentially diverting focus from core operations. Vedanta's acquisition of the debt-laden firm for 17,000 crore has been met with shareholder skepticism, as Vedanta shares underperformed. The deal raises concerns about deleveraging efforts amidst a planned demerger, potentially restricting Vedanta's share re-rating.
Inox Wind shares have surged following positive Q1 results and an upgraded credit rating. The company anticipates faster project execution and has increased its margin guidance for FY24. A strong order book and operational enhancements, including new manufacturing units and high-capacity cranes, support this optimistic outlook. Regulatory changes favoring hybrid energy projects further boost Inox Wind's prospects.
Dalal Street focuses on industries benefiting from recent GST rate cuts. Several stocks are expected to outperform amid market uncertainty. Top stock picks across automobiles, consumer goods and insurance are highlighted. These picks could deliver returns of 9% to 29% over six months. Brokers like SBI Securities, Motilal Oswal, ICICI Securities, HDFC Securities and Anand Rathi have provided their recommendations.
The construction cost of $615 million so far for former President Barack Obamas namesake center campus on the South Side is more than double the earliest estimates.
Two aldermen with dueling proposals charting different futures for the ability to build additional dwelling units in Chicago said they will hold votes later this month.
Automobile stocks surged following GST rate cuts. Tata Motors and Mahindra & Mahindra led the gains. Vehicle prices have been reduced, boosting investor confidence. Festive season demand is anticipated to drive sales. Analysts predict growth in smaller car segments. Mahindra & Mahindra shares have seen significant gains recently. August sales showed improvement in two-wheelers and commercial vehicles.
