Antique Stock Broking expects net profit for Tata Power to rise 14.4 per cent YoY to Rs 937 crore while it forecast sales at Rs 15,616 crore. Mundra plant continues to be an issue but the rest of the businesses stays stable, it said.
Cochin Shipyard rose 3.05 per cent to hit a high of Rs 1,073.80 on BSE. Antique Stock Broking's share price target suggests a 6.6 per cent potential upside for the stock over this price.
The company foresees a decline in the number of new compressed natural gas (CNG) vehicles being added by cab aggregators, potentially impacting its sales growth over the next 2-5 years.
Gravita India CEO Yogesh Malhotra said his company’s strategic position as one of the few recyclers in the formal sector is supported by strong sectoral tailwinds like stricter government norms of BWMR & EPR.
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