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Professionals.","image":null,"pageType":"front","title":"Top NSE, BSE, Sensex Moving Share Market News: Gainers, Losers, Trading Ideas"},"post":{"id":269636,"title":"India Homepage","post_type":"money_india","robots":"","intro":null,"slug":"india-homepage","template":"page","canonical_link":"https://in.benzinga.com/india-homepage","image":null,"taxonomies":[],"parent":[],"meta":{"title":"India Homepage","description":"","image":null,"author":"grandiz_admin","authorSlug":"grandiz_admin","postId":269636,"publishedDate":"2023-09-14T11:32:16.000000Z","modifiedDate":"2024-11-04T20:56:32.000000Z","verifiedUserSlug":null,"verifiedBy":null,"editedUserSlug":null,"editedBy":null,"hrefLanguage":"en"},"breadcrumbs":[{"id":269636,"href":"/india-homepage","name":"India Homepage"}],"blocks":[{"blockName":"acf/news-featured-section","attrs":{"name":"acf/news-featured-section","data":{"news_selection_mode":"featured","display_more_featured_news":true},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","featuredNews":[{"id":"673abce7d149ec00010e5a92","nodeId":42028685,"userId":1788673,"versionId":50300602,"type":"benzinga_wire_india","published":true,"createdAt":"2024-11-18T04:04:55Z","updatedAt":"2024-11-18T04:04:56Z","title":"HAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print","titleSeo":"","body":"\u003cp\u003e\u003cstrong\u003eHindustan Aeronautics \u003c/strong\u003ejumped 4% higher at the bourses on Monday following the company\u0026#8217;s second-quarter results where the firm\u0026#8217;s net profit was seen jumping by 22%.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened:\u003c/strong\u003e The aerospace and defence company\u0026#8217;s \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41963672/hal-q2-net-profit-jumps-22-to-1-510-cr-beats-estimates\"\u003enet profit for the quarter\u003c/a\u003e under review stood at ₹1,510.4 crore, ahead of the street\u0026#8217;s estimates. Revenue from operations came in at ₹5,976.29 crore, a 6% increase\u0026nbsp;year-on-year, below the analysts\u0026#8217; estimates.\u003c/p\u003e\n\n\n\n\u003cp\u003eCLSA has an \u0026#8220;outperform\u0026#8221; rating on HAL with a target price of ₹4,731. Despite delays in Russian aircraft and helicopter orders, HAL\u0026#8217;s order pipeline for the next decade remains strong at $45 billion (₹3.8 lakh crore), it said. \u003c/p\u003e\n\n\n\n\u003cp\u003eThe brokerage sees an expected order of large helicopters and Sukhoi aircraft in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm\u0026#8217;s growth.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eJefferies has a \u0026#8220;buy\u0026#8221; rating on HAL with a target price of ₹5,500. In Q2 FY25, the company saw a 7% YoY increase in EBITDA, with margins improving by 37 basis points to 27.5%. \u003c/p\u003e\n\n\n\n\u003cp\u003eThe higher-margin service income likely played a key role in the performance, especially given delays in aircraft deliveries due to engine supply issues with its partnership with GE, the brokerage said.\u003c/p\u003e\n\n\n\n\u003cp\u003eAntique Broking also maintained its \u0026#8220;buy\u0026#8221; rating for the stock with a target price of ₹5,902. Antique Broking expressed confidence in HAL\u0026#8217;s long-term business prospects and execution capabilities. The brokerage estimates that HAL is on track to achieve a 15% compound annual growth rate (CAGR) in revenue over FY24–27E.\u003c/p\u003e\n\n\n\n\u003cp\u003eWith the potential for multi-year double-digit earnings growth and a robust return ratio profile exceeding 20%, analysts at Anrique believe the stock offers an attractive valuation at current levels.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action: \u003c/strong\u003eShares of HAL rose 2.62% to trade at ₹4,194.05 on Monday morning. The stock jumped 4% to hit an intraday high of ₹4,248.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","name":"Nivedita Hazra","assets":[{"type":"image","title":"HAL-GE Fighter Jet","alt":"Bharat Electronics","source":"HAL-GE Fighter Jet. 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Revenue from operations came in at ₹5,976.29 crore, a 6% increase year-on-year, below the analysts’ estimates.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eWhat Happened:\u003c/strong\u003e The aerospace and defence company’s \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41963672/hal-q2-net-profit-jumps-22-to-1-510-cr-beats-estimates\"\u003enet profit for the quarter\u003c/a\u003e under review stood at ₹1,510.4 crore, ahead of the street’s estimates. Revenue from operations came in at ₹5,976.29 crore, a 6% increase year-on-year, below the analysts’ estimates.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"CLSA has an “outperform” rating on HAL with a target price of ₹4,731. Despite delays in Russian aircraft and helicopter orders, HAL’s order pipeline for the next decade remains strong at $45 billion (₹3.8 lakh crore), it said. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"CLSA has an “outperform” rating on HAL with a target price of ₹4,731. Despite delays in Russian aircraft and helicopter orders, HAL’s order pipeline for the next decade remains strong at $45 billion (₹3.8 lakh crore), it said. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The brokerage sees an expected order of large helicopters and Sukhoi aircraft in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm’s growth.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The brokerage sees an expected order of large helicopters and Sukhoi aircraft in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm’s growth.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"See Also: ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"EV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"EV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"See Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Jefferies has a “buy” rating on HAL with a target price of ₹5,500. In Q2 FY25, the company saw a 7% YoY increase in EBITDA, with margins improving by 37 basis points to 27.5%. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Jefferies has a “buy” rating on HAL with a target price of ₹5,500. In Q2 FY25, the company saw a 7% YoY increase in EBITDA, with margins improving by 37 basis points to 27.5%. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The higher-margin service income likely played a key role in the performance, especially given delays in aircraft deliveries due to engine supply issues with its partnership with GE, the brokerage said.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The higher-margin service income likely played a key role in the performance, especially given delays in aircraft deliveries due to engine supply issues with its partnership with GE, the brokerage said.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Antique Broking also maintained its “buy” rating for the stock with a target price of ₹5,902. Antique Broking expressed confidence in HAL’s long-term business prospects and execution capabilities. The brokerage estimates that HAL is on track to achieve a 15% compound annual growth rate (CAGR) in revenue over FY24–27E.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Antique Broking also maintained its “buy” rating for the stock with a target price of ₹5,902. Antique Broking expressed confidence in HAL’s long-term business prospects and execution capabilities. The brokerage estimates that HAL is on track to achieve a 15% compound annual growth rate (CAGR) in revenue over FY24–27E.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"With the potential for multi-year double-digit earnings growth and a robust return ratio profile exceeding 20%, analysts at Anrique believe the stock offers an attractive valuation at current levels.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"With the potential for multi-year double-digit earnings growth and a robust return ratio profile exceeding 20%, analysts at Anrique believe the stock offers an attractive valuation at current levels.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Price Action: ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Price Action: ","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Shares of HAL rose 2.62% to trade at ₹4,194.05 on Monday morning. The stock jumped 4% to hit an intraday high of ₹4,248.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003ePrice Action: \u003c/strong\u003eShares of HAL rose 2.62% to trade at ₹4,194.05 on Monday morning. The stock jumped 4% to hit an intraday high of ₹4,248.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Read Next: ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"NBCC Sees Orderbook Expand To ₹84,400 Cr In Q2","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"NBCC Sees Orderbook Expand To ₹84,400 Cr In Q2","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"Read Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}}],"parsedBody":["\u003cp\u003e\u003cstrong\u003eHindustan Aeronautics \u003c/strong\u003ejumped 4% higher at the bourses on Monday following the company\u0026#8217;s second-quarter results where the firm\u0026#8217;s net profit was seen jumping by 22%.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003eWhat Happened:\u003c/strong\u003e The aerospace and defence company\u0026#8217;s \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41963672/hal-q2-net-profit-jumps-22-to-1-510-cr-beats-estimates\"\u003enet profit for the quarter\u003c/a\u003e under review stood at ₹1,510.4 crore, ahead of the street\u0026#8217;s estimates. Revenue from operations came in at ₹5,976.29 crore, a 6% increase\u0026nbsp;year-on-year, below the analysts\u0026#8217; estimates.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eCLSA has an \u0026#8220;outperform\u0026#8221; rating on HAL with a target price of ₹4,731. Despite delays in Russian aircraft and helicopter orders, HAL\u0026#8217;s order pipeline for the next decade remains strong at $45 billion (₹3.8 lakh crore), it said. \u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe brokerage sees an expected order of large helicopters and Sukhoi aircraft in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm\u0026#8217;s growth.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003eJefferies has a \u0026#8220;buy\u0026#8221; rating on HAL with a target price of ₹5,500. In Q2 FY25, the company saw a 7% YoY increase in EBITDA, with margins improving by 37 basis points to 27.5%. \u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe higher-margin service income likely played a key role in the performance, especially given delays in aircraft deliveries due to engine supply issues with its partnership with GE, the brokerage said.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eAntique Broking also maintained its \u0026#8220;buy\u0026#8221; rating for the stock with a target price of ₹5,902. Antique Broking expressed confidence in HAL\u0026#8217;s long-term business prospects and execution capabilities. The brokerage estimates that HAL is on track to achieve a 15% compound annual growth rate (CAGR) in revenue over FY24–27E.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eWith the potential for multi-year double-digit earnings growth and a robust return ratio profile exceeding 20%, analysts at Anrique believe the stock offers an attractive valuation at current levels.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003ePrice Action: \u003c/strong\u003eShares of HAL rose 2.62% to trade at ₹4,194.05 on Monday morning. The stock jumped 4% to hit an intraday high of ₹4,248.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e"],"author":{"about":null,"byLine":"Benzinga Staff Writer","companyTitle":null,"companyUrl":null,"facebook":null,"firstname":"Nivedita","lastname":"Hazra","linkedin":null,"name":"Nivedita Hazra","picture":null,"profileUrl":"/author/nivedita-hazra","twitter":null,"uid":1788673},"isHeadline":false,"quotes":[],"primaryImage":{"alt":"HAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print","height":683,"url":"https://www.benzinga.com/files/images/story/2024/11/17/HAL-GE-Fighter-Jet.jpeg","width":1024},"terms":[{"tid":"16888","vid":"1","name":"Earnings","parent_id":"57","type":"Channels","url_drupal":"taxonomy/term/16888","url_public":"news/earnings"},{"tid":"24769","vid":"1","name":"Equities","parent_id":"2","type":"Channels","url_drupal":"taxonomy/term/24769","url_public":"topic/equities"},{"tid":"57","vid":"1","name":"News","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/57","url_public":"news"},{"tid":"72","vid":"1","name":"Price Target","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/72","url_public":"analyst-ratings/price-target"},{"tid":"39823","vid":"1","name":"Reiteration","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/39823","url_public":"analyst-ratings/reiteration"},{"tid":"2","vid":"1","name":"Markets","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/2","url_public":"markets"},{"tid":"67","vid":"1","name":"Analyst Ratings","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/67","url_public":"analyst-ratings"},{"tid":"24","vid":"1","name":"Movers","parent_id":"22","type":"Channels","url_drupal":"taxonomy/term/24","url_public":"movers"},{"tid":"22","vid":"1","name":"Trading Ideas","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/22","url_public":"trading-ideas"},{"tid":"889236","vid":"3","name":"HAL","parent_id":"0","type":"Entities","url_drupal":"taxonomy/term/889236","url_public":"topic/hal"}],"metaProps":{"author":"Nivedita Hazra","authorId":1788673,"authorType":"Benzinga Staff Writer","authorURL":"/author/nivedita-hazra","canonical":"https://in.benzinga.com/news/earnings/24/11/42028685/hal-shares-jump-4-as-brokerages-remain-strongly-bullish-after-q2-print","dateCreated":"2024-11-18T09:34:55.000+05:30","dateUpdated":"2024-11-18T09:34:56.000+05:30","description":"The brokerage sees an expected order of large helicopter and Sukhoi aircraft as in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm's growth.","dimensions":{"authorName":"Nivedita Hazra","channels":["Earnings","Equities","News","Price Target","Reiteration","Markets","Analyst Ratings","Movers","Trading Ideas"],"contentType":"benzinga_wire_india","isBZisBZPRO":true},"image":"https://cdn.benzinga.com/files/images/story/2024/11/17/HAL-GE-Fighter-Jet.jpeg?width=1200\u0026height=800\u0026fit=crop","ogImage":"https://cdn.benzinga.com/files/images/story/2024/11/17/HAL-GE-Fighter-Jet.jpeg?width=1200\u0026height=800\u0026fit=crop","ogType":"article","pageType":"story","shortUrl":"https://benzinga.com/z/42028685","structuredData":{"articleSection":"Earnings","keywords":["\"PageIsBzPro: BZ\"","\"CMS: WordPress\"","\"category: Earnings\"","\"category: Equities\"","\"category: News\"","\"category: Price Target\"","\"category: Reiteration\"","\"category: Markets\"","\"category: Analyst Ratings\"","\"category: Movers\"","\"category: Trading Ideas\"","\"tag: HAL\""],"mentions":[],"pageType":"NewsArticle","speakable":"{\n \"@type\": \"SpeakableSpecification\",\n \"xpath\": [\"/html/head/title\", \"/html/head/meta[@name='description']/@content\"],\n \"cssSelector\": [\"#article-body p\"]\n }"},"title":"HAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print ","translationMeta":{}},"url":"news/earnings/24/11/42028685/hal-shares-jump-4-as-brokerages-remain-strongly-bullish-after-q2-print"},{"id":"673abb81d149ec00010e5a81","nodeId":42028665,"userId":1344650,"versionId":50300581,"type":"benzinga_wire_india","published":true,"createdAt":"2024-11-18T03:58:58Z","updatedAt":"2024-11-18T03:58:58Z","title":"NBCC Shares Remain Under Pressure After Q2, But Analyst Sees Over 45% Upside Ahead","titleSeo":"","body":"\u003cp\u003e\u003cstrong\u003eNBCC\u003c/strong\u003e\u0026#8216;s share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThe NBCC Analyst:\u003c/strong\u003e Analysts at Nuvama upgraded the stock\u0026#8217;s rating to \u0026#8220;buy\u0026#8221; from \u0026#8220;hold\u0026#8221; with a price target of ₹133. The target indicates an around 47% upside from the stock\u0026#8217;s last closing price of ₹89.90.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThe NBCC Thesis:\u003c/strong\u003e Improved order intake, execution, and margins, coupled with progress in real estate monetization, are seen as positives by the analysts. The brokerage added that following the recent correction in the stock, it is upgrading the PSU\u0026#8217;s rating.\u003c/p\u003e\n\n\n\n\u003cp\u003eNuvama highlighted that NBCC\u0026#8217;s revenue for the September quarter grew 19% year-on-year (YoY) and 15% sequentially to around ₹2,460 crore. However, the brokerage noted that the EBITDA margin declined by around 60 basis points YoY and 20 basis points quarter-on-quarter (QoQ) to 4.1%, \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41932498/nbcc-q2-net-profit-jumps-53-to-122-cr\"\u003ewhich weighed on the adjusted profit after tax (PAT). \u003c/a\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe company has guided for a revenue of ₹13,000 crore in FY25, up from ₹10,400 crore in FY24. The construction major expects EBITDA margins to improve to 5.5–6% (from 4.9% in FY24) and PAT margins to rise to 6–7%. The brokerage added that NBCC is also targeting a 20% YoY revenue growth in FY26.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42022982/garden-reach-shipbuilders-reports-4-dip-in-orderbook-at-24-221-cr-in-q2\"\u003eGarden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe brokerage also mentioned the company\u0026#8217;s strong order. NBCC\u0026#8217;s consolidated o\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003erder book grew QoQ to ₹84,400 crore in the September quarter, compared to ₹81,000 crore in the previous quarter. \u003c/a\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eOf this, around ₹22,000 crore worth of projects are currently under execution. The company awarded contracts worth ₹3,600 during Q2FY25 and ₹7,300 crore in the first half of FY25, with plans to award ₹14,000 crore–15,000 crore worth of projects for the entire fiscal year, the brokerage noted.\u003c/p\u003e\n\n\n\n\u003cp\u003eWhile the company\u0026#8217;s book-to-bill ratio stands at a robust 7.6x, around 45% of its order book comprises self-revenue-generating projects, where the pace of real estate monetization will play a critical role, according to Nuvama.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe brokerage noted that NBCC has fully sold its World Trade Center project and plans a bulk sale for the Sarojini Nagar project once the occupancy certificate is received. In the Amrapali project, the company has sold inventory worth ₹3,650 billion so far.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action:\u003c/strong\u003e NBCC\u0026#8217;s share price was up 0.22% to trade at ₹89.80 on Monday morning.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42022693/clsa-reverses-course-increases-allocation-to-indian-equities-while-cutting-back-on-\"\u003eCLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003e\u003cem\u003eDisclaimer:\u003c/em\u003e\u003c/strong\u003e\u003cem\u003e This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\u003c/em\u003e\u003c/p\u003e","name":"Benzinga India Staff","assets":[{"type":"image","title":"Stock market analysts","alt":"Stock market analysts","source":"","mime":"","primary":true,"attributes":{"fid":"899617","filename":"Stock-market-analysts.png","filepath":"files/images/story/2024/11/17/Stock-market-analysts.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"partnerUrl":"","teaserText":"NBCC's share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.","canonicalPath":"analyst-ratings/analyst-color/24/11/42028665/nbcc-shares-remain-under-pressure-after-q2-but-analyst-sees-over-45-upside-ahead","tags":[{"tid":907997,"vid":3,"name":"NBCC"}],"channels":[{"tid":68,"vid":1,"name":"Analyst Color"},{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":69,"vid":1,"name":"Upgrades"},{"tid":72,"vid":1,"name":"Price Target"},{"tid":2,"vid":1,"name":"Markets"},{"tid":67,"vid":1,"name":"Analyst Ratings"},{"tid":22,"vid":1,"name":"Trading Ideas"}],"keyItems":[{"value":""}],"isBzPost":true,"isBzProPost":true,"doNotDistribute":false,"sentiment":0,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false,"GeneratedByAI":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"post_id":652048,"post_type":"benzinga_india","SendNotification":true,"campaign_strategy":"Default"}},"image":"https://www.benzinga.com/files/images/story/2024/11/17/Stock-market-analysts.png","blocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"NBCC","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"NBCC","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"‘s share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eNBCC\u003c/strong\u003e‘s share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The NBCC Analyst:","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The NBCC Analyst:","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" Analysts at Nuvama upgraded the stock’s rating to “buy” from “hold” with a price target of ₹133. The target indicates an around 47% upside from the stock’s last closing price of ₹89.90.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eThe NBCC Analyst:\u003c/strong\u003e Analysts at Nuvama upgraded the stock’s rating to “buy” from “hold” with a price target of ₹133. The target indicates an around 47% upside from the stock’s last closing price of ₹89.90.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The NBCC Thesis:","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The NBCC Thesis:","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" Improved order intake, execution, and margins, coupled with progress in real estate monetization, are seen as positives by the analysts. The brokerage added that following the recent correction in the stock, it is upgrading the PSU’s rating.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eThe NBCC Thesis:\u003c/strong\u003e Improved order intake, execution, and margins, coupled with progress in real estate monetization, are seen as positives by the analysts. The brokerage added that following the recent correction in the stock, it is upgrading the PSU’s rating.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Nuvama highlighted that NBCC’s revenue for the September quarter grew 19% year-on-year (YoY) and 15% sequentially to around ₹2,460 crore. However, the brokerage noted that the EBITDA margin declined by around 60 basis points YoY and 20 basis points quarter-on-quarter (QoQ) to 4.1%, ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"which weighed on the adjusted profit after tax (PAT). ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"which weighed on the adjusted profit after tax (PAT). ","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/news/earnings/24/11/41932498/nbcc-q2-net-profit-jumps-53-to-122-cr","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"Nuvama highlighted that NBCC’s revenue for the September quarter grew 19% year-on-year (YoY) and 15% sequentially to around ₹2,460 crore. However, the brokerage noted that the EBITDA margin declined by around 60 basis points YoY and 20 basis points quarter-on-quarter (QoQ) to 4.1%, \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41932498/nbcc-q2-net-profit-jumps-53-to-122-cr\"\u003ewhich weighed on the adjusted profit after tax (PAT). \u003c/a\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The company has guided for a revenue of ₹13,000 crore in FY25, up from ₹10,400 crore in FY24. The construction major expects EBITDA margins to improve to 5.5–6% (from 4.9% in FY24) and PAT margins to rise to 6–7%. The brokerage added that NBCC is also targeting a 20% YoY revenue growth in FY26.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The company has guided for a revenue of ₹13,000 crore in FY25, up from ₹10,400 crore in FY24. The construction major expects EBITDA margins to improve to 5.5–6% (from 4.9% in FY24) and PAT margins to rise to 6–7%. The brokerage added that NBCC is also targeting a 20% YoY revenue growth in FY26.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"See Also: ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Garden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Garden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/markets/equities/24/11/42022982/garden-reach-shipbuilders-reports-4-dip-in-orderbook-at-24-221-cr-in-q2","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"See Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42022982/garden-reach-shipbuilders-reports-4-dip-in-orderbook-at-24-221-cr-in-q2\"\u003eGarden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2\u003c/a\u003e","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42022982/garden-reach-shipbuilders-reports-4-dip-in-orderbook-at-24-221-cr-in-q2\"\u003eGarden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2\u003c/a\u003e\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The brokerage also mentioned the company’s strong order. NBCC’s consolidated o","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"rder book grew QoQ to ₹84,400 crore in the September quarter, compared to ₹81,000 crore in the previous quarter. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"rder book grew QoQ to ₹84,400 crore in the September quarter, compared to ₹81,000 crore in the previous quarter. ","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"The brokerage also mentioned the company’s strong order. NBCC’s consolidated o\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003erder book grew QoQ to ₹84,400 crore in the September quarter, compared to ₹81,000 crore in the previous quarter. \u003c/a\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Of this, around ₹22,000 crore worth of projects are currently under execution. The company awarded contracts worth ₹3,600 during Q2FY25 and ₹7,300 crore in the first half of FY25, with plans to award ₹14,000 crore–15,000 crore worth of projects for the entire fiscal year, the brokerage noted.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Of this, around ₹22,000 crore worth of projects are currently under execution. The company awarded contracts worth ₹3,600 during Q2FY25 and ₹7,300 crore in the first half of FY25, with plans to award ₹14,000 crore–15,000 crore worth of projects for the entire fiscal year, the brokerage noted.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"While the company’s book-to-bill ratio stands at a robust 7.6x, around 45% of its order book comprises self-revenue-generating projects, where the pace of real estate monetization will play a critical role, according to Nuvama.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"While the company’s book-to-bill ratio stands at a robust 7.6x, around 45% of its order book comprises self-revenue-generating projects, where the pace of real estate monetization will play a critical role, according to Nuvama.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The brokerage noted that NBCC has fully sold its World Trade Center project and plans a bulk sale for the Sarojini Nagar project once the occupancy certificate is received. In the Amrapali project, the company has sold inventory worth ₹3,650 billion so far.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The brokerage noted that NBCC has fully sold its World Trade Center project and plans a bulk sale for the Sarojini Nagar project once the occupancy certificate is received. In the Amrapali project, the company has sold inventory worth ₹3,650 billion so far.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Price Action:","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Price Action:","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" NBCC’s share price was up 0.22% to trade at ₹89.80 on Monday morning.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003ePrice Action:\u003c/strong\u003e NBCC’s share price was up 0.22% to trade at ₹89.80 on Monday morning.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Read Next: ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"CLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"CLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42022693/clsa-reverses-course-increases-allocation-to-indian-equities-while-cutting-back-on-","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"Read Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42022693/clsa-reverses-course-increases-allocation-to-indian-equities-while-cutting-back-on-\"\u003eCLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China\u003c/a\u003e","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42022693/clsa-reverses-course-increases-allocation-to-indian-equities-while-cutting-back-on-\"\u003eCLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China\u003c/a\u003e\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Disclaimer:","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Disclaimer:","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eDisclaimer:\u003c/em\u003e","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":" This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003e\u003cem\u003eDisclaimer:\u003c/em\u003e\u003c/strong\u003e\u003cem\u003e This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}}],"parsedBody":["\u003cp\u003e\u003cstrong\u003eNBCC\u003c/strong\u003e\u0026#8216;s share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003eThe NBCC Analyst:\u003c/strong\u003e Analysts at Nuvama upgraded the stock\u0026#8217;s rating to \u0026#8220;buy\u0026#8221; from \u0026#8220;hold\u0026#8221; with a price target of ₹133. The target indicates an around 47% upside from the stock\u0026#8217;s last closing price of ₹89.90.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003eThe NBCC Thesis:\u003c/strong\u003e Improved order intake, execution, and margins, coupled with progress in real estate monetization, are seen as positives by the analysts. The brokerage added that following the recent correction in the stock, it is upgrading the PSU\u0026#8217;s rating.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eNuvama highlighted that NBCC\u0026#8217;s revenue for the September quarter grew 19% year-on-year (YoY) and 15% sequentially to around ₹2,460 crore. However, the brokerage noted that the EBITDA margin declined by around 60 basis points YoY and 20 basis points quarter-on-quarter (QoQ) to 4.1%, \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41932498/nbcc-q2-net-profit-jumps-53-to-122-cr\"\u003ewhich weighed on the adjusted profit after tax (PAT). \u003c/a\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe company has guided for a revenue of ₹13,000 crore in FY25, up from ₹10,400 crore in FY24. The construction major expects EBITDA margins to improve to 5.5–6% (from 4.9% in FY24) and PAT margins to rise to 6–7%. The brokerage added that NBCC is also targeting a 20% YoY revenue growth in FY26.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42022982/garden-reach-shipbuilders-reports-4-dip-in-orderbook-at-24-221-cr-in-q2\"\u003eGarden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe brokerage also mentioned the company\u0026#8217;s strong order. NBCC\u0026#8217;s consolidated o\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003erder book grew QoQ to ₹84,400 crore in the September quarter, compared to ₹81,000 crore in the previous quarter. \u003c/a\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003eOf this, around ₹22,000 crore worth of projects are currently under execution. The company awarded contracts worth ₹3,600 during Q2FY25 and ₹7,300 crore in the first half of FY25, with plans to award ₹14,000 crore–15,000 crore worth of projects for the entire fiscal year, the brokerage noted.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eWhile the company\u0026#8217;s book-to-bill ratio stands at a robust 7.6x, around 45% of its order book comprises self-revenue-generating projects, where the pace of real estate monetization will play a critical role, according to Nuvama.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe brokerage noted that NBCC has fully sold its World Trade Center project and plans a bulk sale for the Sarojini Nagar project once the occupancy certificate is received. In the Amrapali project, the company has sold inventory worth ₹3,650 billion so far.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003ePrice Action:\u003c/strong\u003e NBCC\u0026#8217;s share price was up 0.22% to trade at ₹89.80 on Monday morning.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42022693/clsa-reverses-course-increases-allocation-to-indian-equities-while-cutting-back-on-\"\u003eCLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003e\u003cem\u003eDisclaimer:\u003c/em\u003e\u003c/strong\u003e\u003cem\u003e This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\u003c/em\u003e\u003c/p\u003e"],"author":{"about":null,"byLine":"Benzinga Staff Writer","companyTitle":null,"companyUrl":null,"facebook":null,"firstname":"Benzinga India","lastname":"Staff","linkedin":null,"name":"Benzinga India Staff","picture":null,"profileUrl":"/author/benzinga-india-staff","twitter":null,"uid":1344650},"isHeadline":false,"quotes":[],"primaryImage":{"alt":"NBCC Shares Remain Under Pressure After Q2, But Analyst Sees Over 45% Upside Ahead","height":539,"url":"https://www.benzinga.com/files/images/story/2024/11/17/Stock-market-analysts.png","width":1024},"terms":[{"tid":"68","vid":"1","name":"Analyst Color","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/68","url_public":"analyst-ratings/analyst-color"},{"tid":"24769","vid":"1","name":"Equities","parent_id":"2","type":"Channels","url_drupal":"taxonomy/term/24769","url_public":"topic/equities"},{"tid":"57","vid":"1","name":"News","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/57","url_public":"news"},{"tid":"69","vid":"1","name":"Upgrades","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/69","url_public":"analyst-ratings/upgrades"},{"tid":"72","vid":"1","name":"Price Target","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/72","url_public":"analyst-ratings/price-target"},{"tid":"2","vid":"1","name":"Markets","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/2","url_public":"markets"},{"tid":"67","vid":"1","name":"Analyst Ratings","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/67","url_public":"analyst-ratings"},{"tid":"22","vid":"1","name":"Trading Ideas","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/22","url_public":"trading-ideas"},{"tid":"907997","vid":"3","name":"NBCC","parent_id":"0","type":"Entities","url_drupal":"taxonomy/term/907997","url_public":"topic/nbcc"}],"metaProps":{"author":"Benzinga India Staff","authorId":1344650,"authorType":"Benzinga Staff Writer","authorURL":"/author/benzinga-india-staff","canonical":"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42028665/nbcc-shares-remain-under-pressure-after-q2-but-analyst-sees-over-45-upside-ahead","dateCreated":"2024-11-18T09:28:58.000+05:30","dateUpdated":"2024-11-18T09:28:58.000+05:30","description":"NBCC's share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.","dimensions":{"authorName":"Benzinga India Staff","channels":["Analyst Color","Equities","News","Upgrades","Price Target","Markets","Analyst Ratings","Trading Ideas"],"contentType":"benzinga_wire_india","isBZisBZPRO":true},"image":"https://cdn.benzinga.com/files/images/story/2024/11/17/Stock-market-analysts.png?width=1200\u0026height=800\u0026fit=crop","ogImage":"https://cdn.benzinga.com/files/images/story/2024/11/17/Stock-market-analysts.png?width=1200\u0026height=800\u0026fit=crop","ogType":"article","pageType":"story","shortUrl":"https://benzinga.com/z/42028665","structuredData":{"articleSection":"Analyst Color","keywords":["\"PageIsBzPro: BZ\"","\"CMS: WordPress\"","\"category: Analyst Color\"","\"category: Equities\"","\"category: News\"","\"category: Upgrades\"","\"category: Price Target\"","\"category: Markets\"","\"category: Analyst Ratings\"","\"category: Trading Ideas\"","\"tag: NBCC\""],"mentions":[],"pageType":"NewsArticle","speakable":"{\n \"@type\": \"SpeakableSpecification\",\n \"xpath\": [\"/html/head/title\", \"/html/head/meta[@name='description']/@content\"],\n \"cssSelector\": [\"#article-body p\"]\n }"},"title":"NBCC Shares Remain Under Pressure After Q2, But Analyst Sees Over 45% Upside Ahead ","translationMeta":{}},"url":"analyst-ratings/analyst-color/24/11/42028665/nbcc-shares-remain-under-pressure-after-q2-but-analyst-sees-over-45-upside-ahead"},{"id":"673abdf8d149ec00010e5aa0","nodeId":42028700,"userId":1741951,"versionId":50300617,"type":"benzinga_wire_india","published":true,"createdAt":"2024-11-18T04:09:29Z","updatedAt":"2024-11-18T04:09:29Z","title":"Hero MotoCorp Shares Jump 3% After Strong Q2 Results","titleSeo":"","body":"\u003cp\u003e\u003cstrong\u003eHero Motocorp\u003c/strong\u003e shares were on the rise on Monday after the company posted its results on Thursday last week that beat street estimates.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened: \u003c/strong\u003eThe two-wheeler maker \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41977061/hero-motocorp-q2-net-profit-jumps-14-to-1-203-54-cr-beats-estimates\"\u003eposted a net profit of ₹1,203.54 crore\u003c/a\u003e, making a 14% year-on-year increase. The company that manufactures \u003cstrong\u003eHarley Davidson\u003c/strong\u003e in India reported an 11% jump in revenue in operations to ₹10,463 crore in the quarter, beating analyst estimates. \u003c/p\u003e\n\n\n\n\u003cp\u003eThe company sold 15.20 lakh units in the quarter compared to 14.16 lakh units in the previous year. Niranjan Gupta, CEO of Hero Motocorp said that the company will release three models Xpulse 210, Xtreme 250R and Karizma XMR 250 in the Entry and Deluxe segment in the next 6 months.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eBrokerage Views: \u003c/strong\u003eJefferies gave a \"buy\" call with a target price of ₹5,500. The brokerage said that Q2 results were in line. EBITDA per vehicle rose to a new high in the quarter, said the research firm. According to Jefferies, the Indian two-wheeler market is poised for strong double-digit growth in the next 3 years. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eHowever, the research firm noted that the company's decline in the 2-wheeler market share is a concern and adverse demand profile shifts are a concern. Any success of the company in the premium and EV segment will be positive. \u003c/p\u003e\n\n\n\n\u003cp\u003eNomura also kept a \"buy\" call with a target price of ₹5,805. The brokerage said that rural improvement is a key catalyst. Despite the company posting healthy earnings growth and attractive valuation, the margins have room to improve, the research firm said. The brokerage also expects the two-wheeler market to grow by 10% over FY25-26 due to rebalancing of growth and positive monsoons.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eThe brokerage firm noted that there are early signs of rural pick up which will support sales as the rural mix makes up 54% of the sales. The research firm said that the company's margins will improve as EV drag reduces due to new models and PLI benefits. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action: \u003c/strong\u003eShares of Hero Motocorp rose 3.41% to ₹4,760.90 on Monday morning. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","name":"Ananthu C U","assets":[{"type":"image","title":"SPlendor","alt":"Hero Bikes","source":"Hero Promotional Material","mime":"","primary":true,"attributes":{"fid":"899620","filename":"SPlendor.jpeg","filepath":"files/images/story/2024/11/17/SPlendor.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"partnerUrl":"","teaserText":"Hero Motocorp shares rise 3.41% after posting a net profit of ₹1,203.54 crore in Q2, with 11% jump in revenue. 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The company that manufactures ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Harley Davidson","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Harley Davidson","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" in India reported an 11% jump in revenue in operations to ₹10,463 crore in the quarter, beating analyst estimates. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eWhat Happened: \u003c/strong\u003eThe two-wheeler maker \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41977061/hero-motocorp-q2-net-profit-jumps-14-to-1-203-54-cr-beats-estimates\"\u003eposted a net profit of ₹1,203.54 crore\u003c/a\u003e, making a 14% year-on-year increase. The company that manufactures \u003cstrong\u003eHarley Davidson\u003c/strong\u003e in India reported an 11% jump in revenue in operations to ₹10,463 crore in the quarter, beating analyst estimates. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The company sold 15.20 lakh units in the quarter compared to 14.16 lakh units in the previous year. Niranjan Gupta, CEO of Hero Motocorp said that the company will release three models Xpulse 210, Xtreme 250R and Karizma XMR 250 in the Entry and Deluxe segment in the next 6 months.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The company sold 15.20 lakh units in the quarter compared to 14.16 lakh units in the previous year. Niranjan Gupta, CEO of Hero Motocorp said that the company will release three models Xpulse 210, Xtreme 250R and Karizma XMR 250 in the Entry and Deluxe segment in the next 6 months.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Brokerage Views: ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Brokerage Views: ","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Jefferies gave a \"buy\" call with a target price of ₹5,500. The brokerage said that Q2 results were in line. EBITDA per vehicle rose to a new high in the quarter, said the research firm. According to Jefferies, the Indian two-wheeler market is poised for strong double-digit growth in the next 3 years. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eBrokerage Views: \u003c/strong\u003eJefferies gave a \"buy\" call with a target price of ₹5,500. The brokerage said that Q2 results were in line. EBITDA per vehicle rose to a new high in the quarter, said the research firm. According to Jefferies, the Indian two-wheeler market is poised for strong double-digit growth in the next 3 years. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"See Also: ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"EV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"EV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"See Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"However, the research firm noted that the company's decline in the 2-wheeler market share is a concern and adverse demand profile shifts are a concern. Any success of the company in the premium and EV segment will be positive. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"However, the research firm noted that the company's decline in the 2-wheeler market share is a concern and adverse demand profile shifts are a concern. Any success of the company in the premium and EV segment will be positive. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Nomura also kept a \"buy\" call with a target price of ₹5,805. The brokerage said that rural improvement is a key catalyst. Despite the company posting healthy earnings growth and attractive valuation, the margins have room to improve, the research firm said. The brokerage also expects the two-wheeler market to grow by 10% over FY25-26 due to rebalancing of growth and positive monsoons. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Nomura also kept a \"buy\" call with a target price of ₹5,805. The brokerage said that rural improvement is a key catalyst. Despite the company posting healthy earnings growth and attractive valuation, the margins have room to improve, the research firm said. The brokerage also expects the two-wheeler market to grow by 10% over FY25-26 due to rebalancing of growth and positive monsoons. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The brokerage firm noted that there are early signs of rural pick up which will support sales as the rural mix makes up 54% of the sales. The research firm said that the company's margins will improve as EV drag reduces due to new models and PLI benefits. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The brokerage firm noted that there are early signs of rural pick up which will support sales as the rural mix makes up 54% of the sales. The research firm said that the company's margins will improve as EV drag reduces due to new models and PLI benefits. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Price Action: ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Price Action: ","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Shares of Hero Motocorp rose 3.41% to ₹4,760.90 on Monday morning. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003ePrice Action: \u003c/strong\u003eShares of Hero Motocorp rose 3.41% to ₹4,760.90 on Monday morning. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Read Next: ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"NBCC Sees Orderbook Expand To ₹84,400 Cr In Q2","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"NBCC Sees Orderbook Expand To ₹84,400 Cr In Q2","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"Read Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}}],"parsedBody":["\u003cp\u003e\u003cstrong\u003eHero Motocorp\u003c/strong\u003e shares were on the rise on Monday after the company posted its results on Thursday last week that beat street estimates.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003eWhat Happened: \u003c/strong\u003eThe two-wheeler maker \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41977061/hero-motocorp-q2-net-profit-jumps-14-to-1-203-54-cr-beats-estimates\"\u003eposted a net profit of ₹1,203.54 crore\u003c/a\u003e, making a 14% year-on-year increase. The company that manufactures \u003cstrong\u003eHarley Davidson\u003c/strong\u003e in India reported an 11% jump in revenue in operations to ₹10,463 crore in the quarter, beating analyst estimates. \u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe company sold 15.20 lakh units in the quarter compared to 14.16 lakh units in the previous year. Niranjan Gupta, CEO of Hero Motocorp said that the company will release three models Xpulse 210, Xtreme 250R and Karizma XMR 250 in the Entry and Deluxe segment in the next 6 months.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003eBrokerage Views: \u003c/strong\u003eJefferies gave a \"buy\" call with a target price of ₹5,500. The brokerage said that Q2 results were in line. EBITDA per vehicle rose to a new high in the quarter, said the research firm. According to Jefferies, the Indian two-wheeler market is poised for strong double-digit growth in the next 3 years. \u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003eHowever, the research firm noted that the company's decline in the 2-wheeler market share is a concern and adverse demand profile shifts are a concern. Any success of the company in the premium and EV segment will be positive. \u003c/p\u003e","\n\n\n\n","\u003cp\u003eNomura also kept a \"buy\" call with a target price of ₹5,805. The brokerage said that rural improvement is a key catalyst. Despite the company posting healthy earnings growth and attractive valuation, the margins have room to improve, the research firm said. The brokerage also expects the two-wheeler market to grow by 10% over FY25-26 due to rebalancing of growth and positive monsoons.\u0026nbsp;\u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe brokerage firm noted that there are early signs of rural pick up which will support sales as the rural mix makes up 54% of the sales. The research firm said that the company's margins will improve as EV drag reduces due to new models and PLI benefits. \u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003ePrice Action: \u003c/strong\u003eShares of Hero Motocorp rose 3.41% to ₹4,760.90 on Monday morning. \u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e"],"author":{"about":null,"byLine":"Benzinga Staff Writer","companyTitle":null,"companyUrl":null,"facebook":null,"firstname":"Ananthu","lastname":"C U","linkedin":null,"name":"Ananthu C U","picture":null,"profileUrl":"/author/ananthucu-benzinga-com","twitter":null,"uid":1741951},"isHeadline":false,"quotes":[],"primaryImage":{"alt":"Hero MotoCorp Shares Jump 3% After Strong Q2 Results","height":1000,"url":"https://www.benzinga.com/files/images/story/2024/11/17/SPlendor.jpeg","width":1000},"terms":[{"tid":"68","vid":"1","name":"Analyst Color","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/68","url_public":"analyst-ratings/analyst-color"},{"tid":"24769","vid":"1","name":"Equities","parent_id":"2","type":"Channels","url_drupal":"taxonomy/term/24769","url_public":"topic/equities"},{"tid":"57","vid":"1","name":"News","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/57","url_public":"news"},{"tid":"72","vid":"1","name":"Price Target","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/72","url_public":"analyst-ratings/price-target"},{"tid":"2","vid":"1","name":"Markets","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/2","url_public":"markets"},{"tid":"67","vid":"1","name":"Analyst Ratings","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/67","url_public":"analyst-ratings"},{"tid":"24","vid":"1","name":"Movers","parent_id":"22","type":"Channels","url_drupal":"taxonomy/term/24","url_public":"movers"},{"tid":"876721","vid":"3","name":"Hero Motocorp","parent_id":"0","type":"Entities","url_drupal":"taxonomy/term/876721","url_public":"topic/hero-motocorp"}],"metaProps":{"author":"Ananthu C U","authorId":1741951,"authorType":"Benzinga Staff Writer","authorURL":"/author/ananthucu-benzinga-com","canonical":"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42028700/hero-motocorp-shares-jump-3-after-strong-q2-results","dateCreated":"2024-11-18T09:39:29.000+05:30","dateUpdated":"2024-11-18T09:39:29.000+05:30","description":"Hero Motocorp shares rise 3.41% after posting a net profit of ₹1,203.54 crore in Q2, with 11% jump in revenue. Rural improvement expected to boost sales.","dimensions":{"authorName":"Ananthu C U","channels":["Analyst Color","Equities","News","Price Target","Markets","Analyst Ratings","Movers"],"contentType":"benzinga_wire_india","isBZisBZPRO":true},"image":"https://cdn.benzinga.com/files/images/story/2024/11/17/SPlendor.jpeg?width=1200\u0026height=800\u0026fit=crop","ogImage":"https://cdn.benzinga.com/files/images/story/2024/11/17/SPlendor.jpeg?width=1200\u0026height=800\u0026fit=crop","ogType":"article","pageType":"story","shortUrl":"https://benzinga.com/z/42028700","structuredData":{"articleSection":"Analyst Color","keywords":["\"PageIsBzPro: BZ\"","\"CMS: WordPress\"","\"category: Analyst Color\"","\"category: Equities\"","\"category: News\"","\"category: Price Target\"","\"category: Markets\"","\"category: Analyst Ratings\"","\"category: Movers\"","\"tag: Hero Motocorp\""],"mentions":[],"pageType":"NewsArticle","speakable":"{\n \"@type\": \"SpeakableSpecification\",\n \"xpath\": [\"/html/head/title\", \"/html/head/meta[@name='description']/@content\"],\n \"cssSelector\": [\"#article-body p\"]\n }"},"title":"Hero MotoCorp Shares Jump 3% After Strong Q2 Results ","translationMeta":{}},"url":"analyst-ratings/analyst-color/24/11/42028700/hero-motocorp-shares-jump-3-after-strong-q2-results"}],"deviceType":"desktop","userAgent":"Mozilla/5.0 (compatible; YandexBot/3.0; +http://yandex.com/bots) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/108.0.0.0","type":"default"},{"blockName":"acf/content-feed","attrs":{"name":"acf/content-feed","data":{"contentFeedProps":{"title":"Latest News","contentId":"","link":"","limit":6,"channelAndTagQueryOperator":"and","poolLatest":false,"loadMore":false,"loadMoreButton":false,"loadMoreDevice":false,"showCommentCount":false,"isInfinite":false,"raptiveAdPlacementIndex":null,"query":{"displayOutput":"full","limit":6,"type":"benzinga_wire_india","excludeAutomated":true,"excludeSponsored":true,"channelAndTagQueryOperator":"and"},"nodes":[{"assets":[{"type":"image","title":"Stock,Crash,Market,Exchange,Loss,Trading,Graph,Analysis,Investment,Indicator","alt":"Stock,Crash,Market,Exchange,Loss,Trading,Graph,Analysis,Investment,Indicator","source":"","mime":"","primary":true,"attributes":{"fid":"899666","filename":"Stock-Crash-Market-Exchange-Loss-Trading.jpeg","filepath":"files/images/story/2024/11/18/Stock-Crash-Market-Exchange-Loss-Trading.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga Neuro","body":"\u003cp\u003eOn Monday Nifty 50 fell 0.34% to 23,453.80. 21 stocks gained while 29 declined.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-full\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"450\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054049/newplot-24.jpeg\" alt=\"\" class=\"wp-image-652614\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054049/newplot-24.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054049/newplot-24-300x208.jpeg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eHindalco\u003c/strong\u003e emerged as the star performer with a 3.78% jump, closing at ₹651.05. The stock had closed at ₹627.35 in the previous trading session.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-full\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"450\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054330/newplot-25.jpeg\" alt=\"\" class=\"wp-image-652618\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054330/newplot-25.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054330/newplot-25-300x208.jpeg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eFollowing closely was \u003cstrong\u003eHero MotoCorp\u003c/strong\u003e, which saw a 2.80% surge, ending the day at ₹4733.00, up from its last close of ₹4604.00.\u003c/p\u003e\n\n\n\n\u003ch4 class=\"wp-block-heading\"\u003eTop Gainers\u003c/h4\u003e\n\n\n\n\u003cfigure class=\"wp-block-table\"\u003e\u003ctable\u003e\u003cthead\u003e\u003ctr\u003e\u003cth\u003eStock\u003c/th\u003e\u003cth\u003eCurrent Price\u003c/th\u003e\u003cth\u003eLast Close\u003c/th\u003e\u003cth\u003e% Change\u003c/th\u003e\u003c/tr\u003e\u003c/thead\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eHindalco\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹651.05\u003c/td\u003e\u003ctd\u003e₹627.35\u003c/td\u003e\u003ctd\u003e3.78%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eHero MotoCorp\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹4733.00\u003c/td\u003e\u003ctd\u003e₹4604.00\u003c/td\u003e\u003ctd\u003e2.80%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eTata Steel\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹141.21\u003c/td\u003e\u003ctd\u003e₹137.98\u003c/td\u003e\u003ctd\u003e2.34%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eM\u0026amp;M\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹2846.90\u003c/td\u003e\u003ctd\u003e₹2807.20\u003c/td\u003e\u003ctd\u003e1.41%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eHindustan Unilever\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹2422.90\u003c/td\u003e\u003ctd\u003e₹2389.20\u003c/td\u003e\u003ctd\u003e1.41%\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eTata Steel\u003c/strong\u003e also had a good run, with a 2.34% increase, closing at ₹141.21. The stock had ended the previous session at ₹137.98.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eM\u0026amp;M\u003c/strong\u003e and \u003cstrong\u003eHindustan Unilever\u003c/strong\u003e rounded off the top five gainers, with a 1.41% rise each. M\u0026amp;M closed at ₹2846.90, while Hindustan Unilever ended the day at ₹2422.90.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also:\u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030455/should-you-subscribe-to-ntpc-green-energy-ipo-check-analysts-calls-latest-gmp\"\u003e Should You Subscribe To NTPC Green Energy IPO? Check Analysts\u0026#8217; Calls, Latest GMP\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eOn the flip side, \u003cstrong\u003eTCS\u003c/strong\u003e was the biggest loser, shedding 3.05% to close at ₹4019.50. The IT giant had closed at ₹4145.90 in the previous session.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-full\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"450\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18055440/newplot-26.jpeg\" alt=\"\" class=\"wp-image-652627\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18055440/newplot-26.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18055440/newplot-26-300x208.jpeg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eBPCL\u003c/strong\u003e followed suit, with a 3.02% drop, closing at ₹289.20. The stock had ended the previous session at ₹298.20.\u003c/p\u003e\n\n\n\n\u003ch4 class=\"wp-block-heading\"\u003eTop Losers\u003c/h4\u003e\n\n\n\n\u003cfigure class=\"wp-block-table\"\u003e\u003ctable\u003e\u003cthead\u003e\u003ctr\u003e\u003cth\u003eStock\u003c/th\u003e\u003cth\u003eCurrent Price\u003c/th\u003e\u003cth\u003eLast Close\u003c/th\u003e\u003cth\u003e% Change\u003c/th\u003e\u003c/tr\u003e\u003c/thead\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eTCS\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹4019.50\u003c/td\u003e\u003ctd\u003e₹4145.90\u003c/td\u003e\u003ctd\u003e-3.05%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eBPCL\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹289.20\u003c/td\u003e\u003ctd\u003e₹298.20\u003c/td\u003e\u003ctd\u003e-3.02%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eInfosys\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹1811.45\u003c/td\u003e\u003ctd\u003e₹1864.55\u003c/td\u003e\u003ctd\u003e-2.85%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eDr. Reddy\u0026#8217;s\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹1193.55\u003c/td\u003e\u003ctd\u003e₹1226.70\u003c/td\u003e\u003ctd\u003e-2.70%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eTrent\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹6301.65\u003c/td\u003e\u003ctd\u003e₹6463.00\u003c/td\u003e\u003ctd\u003e-2.50%\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eInfosys\u003c/strong\u003e also had a rough day, with a 2.85% decrease, closing at ₹1811.45. The stock had closed at ₹1864.55 in the last session.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eDr. Reddy\u0026#8217;s\u003c/strong\u003e and \u003cstrong\u003eTrent\u003c/strong\u003e completed the list of top five losers, with a 2.70% and 2.50% fall respectively. Dr. Reddy\u0026#8217;s closed at ₹1193.55, while Trent ended the day at ₹6301.65.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42030973/ntpc-and-ongc-join-hands-to-establish-a-green-energy-venture-ongpl\"\u003eNTPC And ONGC Join Hands To Establish A Green Energy Venture \u0026#8216;ONGPL\u0026#8217;\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/ananthucu-benzinga-com\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Ananthu CU\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":2,"vid":1,"name":"Markets"},{"tid":24,"vid":1,"name":"Movers"}],"created":"2024-11-18T11:05:49Z","createdAt":"2024-11-18T11:05:49Z","id":42031786,"image":"https://www.benzinga.com/files/images/story/2024/11/18/Stock-Crash-Market-Exchange-Loss-Trading.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652612,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42031786,"stocks":[],"storyId":"673b1f8cd149ec00010e6681","tags":[{"tid":22105,"vid":3,"name":"Gainers And Losers"},{"tid":850872,"vid":3,"name":"Nifty 50"}],"teaser":"Nifty 50 fell 0.34% to 23,453.80. Hindalco emerged as top performer with a 3.78% jump, while TCS was the biggest loser with a 3.05% fall.","teaserText":"Nifty 50 fell 0.34% to 23,453.80. Hindalco emerged as top performer with a 3.78% jump, while TCS was the biggest loser with a 3.05% fall.","tickers":[],"title":"TCS Top Loser As Nifty Continues Slide","updated":"2024-11-18T11:05:49Z","updatedAt":"2024-11-18T11:05:49Z","url":"https://in.benzinga.com/markets/equities/24/11/42031786/tcs-top-loser-as-nifty-continues-slide"},{"assets":[{"type":"image","title":"NTPC","alt":"NTPC","source":"NTPC. Photo by Nikola Johnny Mirkovic on Unsplash.","mime":"","primary":true,"attributes":{"fid":"899662","filename":"NTPC.jpeg","filepath":"files/images/story/2024/11/18/NTPC.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Ananthu C U","body":"\u003cp\u003e\u003cstrong\u003eNTPC\u003c/strong\u003e and \u003cstrong\u003eOil and Natural Gas Corporation\u003c/strong\u003e (ONGC) have come together to form a new company, \u0026#8220;ONGC NTPC GREEN PRIVATE LIMITED\u0026#8221; (ONGPL), aimed at developing renewable energy projects.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened:\u003c/strong\u003e As per a regulatory filing, ONGPL is a 50:50 joint venture between NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, and ONGC Green Limited (OGL), a wholly-owned subsidiary of ONGC.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also:\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42030459/rvnl-secures-loa-for-294-94-cr-contract-from-south-central-railway\"\u003e RVNL Secures LoA For ₹294.94 Cr Contract From South Central Railway\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe joint venture\u0026#8217;s primary objective is to explore and establish renewable energy projects and assets through greenfield development and acquisitions. It will also evaluate the feasibility of offshore wind projects, among other related activities.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe Ministry of Power (MoP), Government of India, had previously approved the formation of this joint venture. The new company\u0026#8217;s authorized share capital is ₹10 Lakh, with an equal amount subscribed and paid up.\u003c/p\u003e\n\n\n\n\u003cp\u003eONGPL will operate in the renewable energy sector, exploring opportunities in storage, E-mobility, and ESG (Environmental, Social, and Governance) compliant projects. It will also investigate opportunities related to carbon credits and green credits for low-carbon transition.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030455/should-you-subscribe-to-ntpc-green-energy-ipo-check-analysts-calls-latest-gmp\"\u003eShould You Subscribe To NTPC Green Energy IPO? Check Analysts\u0026#8217; Calls, Latest GMP\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/ananthucu-benzinga-com\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Ananthu CU\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":2,"vid":1,"name":"Markets"}],"created":"2024-11-18T10:05:53Z","createdAt":"2024-11-18T10:05:53Z","id":42030973,"image":"https://www.benzinga.com/files/images/story/2024/11/18/NTPC.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652543,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42030973,"stocks":[],"storyId":"673b1180d149ec00010e635f","tags":[{"tid":912008,"vid":3,"name":"NTPC"},{"tid":45036,"vid":3,"name":"ONGC"}],"teaser":"ONGPL, a joint venture between NTPC and ONGC, was formed to develop renewable energy projects, including offshore wind, storage, and E-mobility.","teaserText":"ONGPL, a joint venture between NTPC and ONGC, was formed to develop renewable energy projects, including offshore wind, storage, and E-mobility.","tickers":[],"title":"NTPC And ONGC Join Hands To Establish A Green Energy Venture \u0026#39;ONGPL\u0026#39;","updated":"2024-11-18T10:05:53Z","updatedAt":"2024-11-18T10:05:53Z","url":"https://in.benzinga.com/markets/equities/24/11/42030973/ntpc-and-ongc-join-hands-to-establish-a-green-energy-venture-ongpl"},{"assets":[{"type":"image","title":"IPO (3)","alt":"IPO (3)","source":"","mime":"","primary":true,"attributes":{"fid":"899654","filename":"IPO-3.jpeg","filepath":"files/images/story/2024/11/18/IPO-3.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Ananthu C U","body":"\u003cp\u003e\u003cstrong\u003eNTPC Green Energy\u003c/strong\u003e IPO is set to open for subscription on November 19. Brokerage firm Ventura gave a \"subscribe\" rating to the IPO In its review note. The brokerage said that the company's capacity utilisation factor (CUF) has been consistently improving, powered by operational efficiency. \u003c/p\u003e\n\n\n\n\u003cp\u003eNTPC Green Energy's CUF increased from 19.4% in FY22 to 24.73% in FY24, the brokerage said. The company has fared well in comparison to its peers, the research firm added.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eVentura also noted that NTPC plans to enhance its project pipeline through prudent bidding and strategic joint ventures with PSUs and private companies. NTPC had recently signed a joint venture agreement with MahaPreit to implement renewable energy park which includes solar, wind and hybrid energy.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42030086/suzuki-and-tata-elxsi-launch-offshore-development-centre-in-pune-to-propel-future-mobility\"\u003eSuzuki And Tata Elxsi Launch Offshore Development Centre In Pune To Propel Future Mobility\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe company's main priorities involve developing battery storage and renewable energy Projects. This includes the green hydrogen hub at Pudimadoka. The company's focus is also on green hydrogen production in Rajasthan and Renewable energy park in Maharashtra. \u003c/p\u003e\n\n\n\n\u003cp\u003eEarlier, SBI Securities had also issued a subscribe for \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41964629/sbi-securities-gives-long-term-subscirbe-rating-for-ntpc-green-energy\"\u003elong-term rating to the upcoming IPO.\u003c/a\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eIPO Details: \u003c/strong\u003eThe ₹10,000 crore issue will be open for subscription on November 19 and will close on November 22. The IPO is a fresh issue of 92.59 crore shares. The company has set a price band of \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41931624/ntpc-green-energy-ipo-to-open-on-nov-19-check-price-band\"\u003e₹102 to ₹108 per share\u003c/a\u003e for the issue.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eNTPC Green IPO\u0026#8217;s GMP has further declined to ₹1 on Monday from \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41964629/sbi-securities-gives-long-term-subscirbe-rating-for-ntpc-green-energy?utm_source=benzinga_india\u0026amp;utm_campaign=partner_feed\u0026amp;utm_medium=partner_feed\u0026amp;utm_content=site\"\u003e₹3 on Thursday\u003c/a\u003e. It's important to note that while GMPs can provide some insight into market sentiment towards an IPO, they are not always a reliable predictor of the stock's performance upon listing.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030213/bdl-shares-down-3-after-q2-but-analyst-expects-over-40-surge-ahead\"\u003eBDL Shares Down 3% After Q2, But Analyst Expects Over 40% Surge Ahead\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":68,"vid":1,"name":"Analyst Color"},{"tid":57,"vid":1,"name":"News"},{"tid":34991,"vid":1,"name":"IPOs"},{"tid":67,"vid":1,"name":"Analyst Ratings"}],"created":"2024-11-18T09:25:39Z","createdAt":"2024-11-18T09:25:39Z","id":42030455,"image":"https://www.benzinga.com/files/images/story/2024/11/18/IPO-3.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652479,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42030455,"stocks":[],"storyId":"673b0812d149ec00010e615a","tags":[{"tid":912008,"vid":3,"name":"NTPC"},{"tid":940922,"vid":3,"name":"NTPC Green Energy"}],"teaser":"NTPC Green Energy IPO to open on Nov 19 \u0026amp; close on Nov 22. Ventura gives a subscribe rating, notes company\u0026#39;s improving CUF \u0026amp; plans for project pipeline \u0026amp; green energy development. IPO is a fresh issue of 92.59cr shares with price band of ₹102-108. Grey market premium declines.","teaserText":"NTPC Green Energy IPO to open on Nov 19 \u0026amp; close on Nov 22. Ventura gives a subscribe rating, notes company\u0026#39;s improving CUF \u0026amp; plans for project pipeline \u0026amp; green energy development. IPO is a fresh issue of 92.59cr shares with price band of ₹102-108. Grey market premium declines.","tickers":[],"title":"Should You Subscribe To NTPC Green Energy IPO? Check Analysts\u0026#39; Calls, Latest GMP","updated":"2024-11-18T09:25:39Z","updatedAt":"2024-11-18T09:25:39Z","url":"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030455/should-you-subscribe-to-ntpc-green-energy-ipo-check-analysts-calls-latest-gmp"},{"assets":[{"type":"image","title":"Railway","alt":"Railway","source":"Photo by parichay-sen for Unsplash","mime":"","primary":true,"attributes":{"fid":"899656","filename":"Railway.jpeg","filepath":"files/images/story/2024/11/18/Railway.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga India Staff","body":"\u003cp\u003e \u003cstrong\u003eRail Vikas Nigam Limited\u003c/strong\u003e (RVNL) has bagged a substantial Engineering Procurement Construction (EPC) contract from South Central Railway.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened\u003c/strong\u003e: RVNL announced the receipt of the\u0026nbsp;letter of acceptance from South\u0026nbsp;Central Railway in an exchange filing on Monday. The contract entails the doubling of the track between Navipet Station and Indalvai Station in Telangana, excluding the Nizamabad Yard. This project is a segment of the Mudkhed-Medchal doubling project in the\u0026nbsp;state.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe project, worth ₹294.94 crores, also includes electrification and signalling works. The contract is domestic and is expected to be executed within 24 months. The company was declared the lowest\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41877831/rvnl-bags-294-94-cr-order-from-south-central-railway\"\u003e bidder for the order earlier this month.\u003c/a\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also:\u0026nbsp;\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42030086/suzuki-and-tata-elxsi-launch-offshore-development-centre-in-pune-to-propel-future-mobility\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eSuzuki And Tata Elxsi Launch Offshore Development Centre In Pune To Propel Future Mobility\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThis win follows a string of successful bids by RVNL. Earlier this month, a joint venture between \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41743252/rvnl-jv-bags-613-cr-rail-infrastructure-project-in-karnataka\"\u003eRVNL and Rithwik Projects\u003c/a\u003e secured a ₹613 crore rail infrastructure project in Karnataka. Additionally, a consortium led by \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41742334/rvnl-led-consortium-bags-massive-5-000-cr-project-from-bsnl\"\u003eRVNL, HFCL, and Aerial Telecom Solutions\u003c/a\u003e was declared the lowest bidder for a ₹7,000 crore order from Bharat Sanchar Nigam Limited (BSNL).\u003c/p\u003e\n\n\n\n\u003cp\u003eThe company\u0026#8217;s \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41799851/rvnl-q2-net-profit-down-27-to-287-cr-misses-estimates\"\u003esecond-quarter net profit declined\u003c/a\u003e by 27.12% to ₹286.89 crore. The railway major's revenue also fell 1.2% to ₹4,854.95 crore, missing the street's estimates for the company. However, RVNL maintained a \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41835819/rnvl-sees-fy25-revenue-at-23-000-cr-orderbook-stands-at-92-000-cr\"\u003epositive outlook\u003c/a\u003e for the second half of FY25, with the company\u0026#8217;s Director of Finance, \u003cstrong\u003eSanjeeb Kumar\u003c/strong\u003e, expressing confidence about hitting a topline of ₹22,000 crore to ₹23,000 crore in FY25.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next:\u0026nbsp;\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42029262/mgl-igl-shares-tank-up-to-20-after-govt-cuts-apm-gas-allocation-for-2nd-straight-month\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eMGL, IGL Shares Tank Up To 20% After Govt Cuts APM Gas Allocation For 2nd Straight Month\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/nivedita-hazra\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Nivedita Hazra\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":87,"vid":1,"name":"Contracts"},{"tid":2,"vid":1,"name":"Markets"}],"created":"2024-11-18T09:11:25Z","createdAt":"2024-11-18T09:11:25Z","id":42030459,"image":"https://www.benzinga.com/files/images/story/2024/11/18/Railway.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652460,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42030459,"stocks":[],"storyId":"673b0820d149ec00010e615e","tags":[{"tid":945144,"vid":3,"name":"Rail Vikas Nagam"}],"teaser":"The project, worth ₹294.94 crores, also includes electrification and signalling works. The contract is domestic and is expected to be executed within 24 months.","teaserText":"The project, worth ₹294.94 crores, also includes electrification and signalling works. The contract is domestic and is expected to be executed within 24 months.","tickers":[],"title":"RVNL Secures LoA For ₹294.94 Cr Contract From South Central Railway","updated":"2024-11-18T09:26:21Z","updatedAt":"2024-11-18T09:26:21Z","url":"https://in.benzinga.com/markets/equities/24/11/42030459/rvnl-secures-loa-for-294-94-cr-contract-from-south-central-railway"},{"assets":[{"type":"image","title":"Stocks.Watch_.Shutterstock","alt":"Stocks.Watch_.Shutterstock","source":"","mime":"","primary":true,"attributes":{"fid":"899650","filename":"Stocks-Watch--Shutterstock_0.png","filepath":"files/images/story/2024/11/18/Stocks-Watch--Shutterstock_0.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga India Staff","body":"\u003cp\u003eShares of \u003cstrong\u003eBharat Dynamics Limited\u003c/strong\u003e (BDL) have been under the pump after the company \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41964223/bdls-q2-net-profit-slumps-16-to-122-53-cr-revenue-drops-11\"\u003eposted its earnings for the quarter ended September\u003c/a\u003e. However, analysts at Antique Broking see the stock turning things around.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThe BDL Analyst:\u003c/strong\u003e Antique Broking maintained its \u0026#8220;buy\u0026#8221; rating for the stock, but reduced the target price to ₹1,357 from ₹1,579. The revised target still indicates an around 42% upside from the stock\u0026#8217;s current market price of around ₹955.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThe BDL Thesis:\u003c/strong\u003e BDL reported Q2FY25 revenue of ₹550 crore, a decline of 11.5% year-on-year (YoY) and below Antique Broking\u0026#8217;s\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41962178/bdl-shares-in-green-ahead-of-q2-results-what-to-expect\"\u003e estimate of ₹700 crore. \u003c/a\u003eAnalysts attributed the revenue miss to continued supply chain challenges that have persisted for the past eight quarters, hampering the execution of the company's robust ₹19,000 crore order backlog.\u003c/p\u003e\n\n\n\n\u003cp\u003eEBITDA stood at ₹98.8 crore, below the brokerage\u0026#8217;s estimate of ₹140 crore, due to under-absorption of costs. EBITDA margin contracted 370 basis points YoY to 18.1%. PAT came in at ₹120 crore, a 16.7% YoY decline, and below Antique\u0026#8217;s estimate of ₹157 crore.\u003c/p\u003e\n\n\n\n\u003cp\u003eDespite these issues, BDL has maintained its revenue guidance of ₹3,000 crore+ for FY25. The company plans to prioritize orders with a functional supply chain and defer those facing challenges to FY26, the brokerage said.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/42028685/hal-shares-jump-4-as-brokerages-remain-strongly-bullish-after-q2-print\"\u003eHAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eWith an order backlog of ₹19,000 crore —equivalent to 8.6x its trailing 12-month revenue—Antique highlighted robust revenue visibility.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe brokerage said that the defence manufacturer should see a strong influx of orders. The company expects to finalise orders worth ₹2,000–5,000 crore in FY25, with a strong pipeline exceeding ₹20,000 crore over the next two to three years. Key projects in the pipeline include large-scale orders for Astra MK II, QRSAM, and MRSAM. BDL had secured ₹1,760 crore in orders during FY24.\u003c/p\u003e\n\n\n\n\u003cp\u003eAntique noted that while supply chain issues have dampened execution, BDL is taking steps to address these challenges. The company is developing alternate strategies to accelerate deliveries for orders unaffected by supply chain disruptions, with execution expected to pick up in the second half of FY25. The brokerage believes that supply chain normalization and indigenization efforts will enhance BDL's ability to execute its large order backlog.\u003c/p\u003e\n\n\n\n\u003cp\u003eAntique remains optimistic about BDL's long-term prospects, citing strong business fundamentals and export opportunities. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action:\u003c/strong\u003e BDL\u0026#8217;s share price was down 3.48% to trade at ₹955.15 on Monday afternoon.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42029033/vodafone-idea-shares-in-red-for-7th-consecutive-session-brokerages-cut-price-target\"\u003eVodafone Idea Shares In Red For 7th Consecutive Session: Brokerages Cut Price Targets\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003e\u003cem\u003eDisclaimer:\u003c/em\u003e\u003c/strong\u003e\u003cem\u003e This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":68,"vid":1,"name":"Analyst Color"},{"tid":24769,"vid":1,"name":"Equities"},{"tid":72,"vid":1,"name":"Price Target"},{"tid":39823,"vid":1,"name":"Reiteration"},{"tid":2,"vid":1,"name":"Markets"},{"tid":67,"vid":1,"name":"Analyst Ratings"},{"tid":24,"vid":1,"name":"Movers"},{"tid":22,"vid":1,"name":"Trading Ideas"}],"created":"2024-11-18T08:54:09Z","createdAt":"2024-11-18T08:54:09Z","id":42030213,"image":"https://www.benzinga.com/files/images/story/2024/11/18/Stocks-Watch--Shutterstock_0.png","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652442,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42030213,"stocks":[],"storyId":"673b00b1d149ec00010e6071","tags":[{"tid":933707,"vid":3,"name":"BDL"}],"teaser":"Shares of Bharat Dynamics Limited (BDL) have been under the pump after the company posted its earnings for the quarter ended September. However, analysts at Antique Broking see the stock turning things around.","teaserText":"Shares of Bharat Dynamics Limited (BDL) have been under the pump after the company posted its earnings for the quarter ended September. However, analysts at Antique Broking see the stock turning things around.","tickers":[],"title":"BDL Shares Down 3% After Q2, But Analyst Expects Over 40% Surge Ahead","updated":"2024-11-18T08:54:09Z","updatedAt":"2024-11-18T08:54:09Z","url":"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030213/bdl-shares-down-3-after-q2-but-analyst-expects-over-40-surge-ahead"},{"assets":[{"type":"image","title":"car factory","alt":"car factory","source":"generated using DALL-E","mime":"","primary":true,"attributes":{"fid":"899643","filename":"car-factory.png","filepath":"files/images/story/2024/11/18/car-factory.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga India Staff","body":"\u003cp\u003e\u003cstrong\u003eSuzuki Motor Corporation\u003c/strong\u003e and \u003cstrong\u003eTata Elxsi\u003c/strong\u003e have inaugurated the \u0026#8220;Suzuki-Tata Elxsi Offshore Development Center\u0026#8221; in Pune, India, on Friday.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened\u003c/strong\u003e: The Japanese multinational mobility manufacturer Suzuki and Tata Elxsi have unveiled a dedicated centre in Pune. This centre is set to drive Suzuki\u0026#8217;s advancements in engineering, thereby charting the path for future mobility.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe collaboration between the two companies will concentrate on next-generation powertrains and software-defined vehicles, promoting energy-efficient solutions for electric, hybrid,\u0026nbsp;and alternative fuel vehicles. Tata Elxsi will align\u0026nbsp;with Suzuki's goals for sustainable\u0026nbsp;innovation in lightweight design, safety,\u0026nbsp;styling and engineering, eco-friendly materials, and advanced simulations\u0026nbsp;to improve time-to-market.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also:\u0026nbsp;\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42029262/mgl-igl-shares-tank-up-to-20-after-govt-cuts-apm-gas-allocation-for-2nd-straight-month\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eMGL, IGL Shares Tank Up To 20% After Govt Cuts APM Gas Allocation For 2nd Straight Month\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eSuzuki's Chief Technology Officer, \u003cstrong\u003eKatsuhiro Kato\u003c/strong\u003e, emphasised the centre\u0026#8217;s importance as a crucial part of Suzuki's innovation strategy. \u0026#8220;Tata Elxsi's expertise in advanced computing, simulation, and design digital makes them an ideal partner in bringing forward-thinking solutions to market. This strategic and long-term partnership incorporates Suzuki's endeavour of minimising energy and enables India's talent to actively contribute to our development efforts globally,\u0026#8221; said Kato.\u003c/p\u003e\n\n\n\n\u003cp\u003eThis development comes on the heels of \u003ca href=\"https://in.benzinga.com/markets/equities/24/10/41621219/maruti-suzuki-to-supply-ev-suvs-to-toyota-production-to-begin-in-2025\"\u003eSuzuki\u0026#8217;s recent collaboration with \u003cstrong\u003eToyota\u003c/strong\u003e\u003c/a\u003e to produce battery EV SUV models, set to begin in spring 2025 at its plant located in Gujarat. This partnership marked the first between the companies in green vehicles. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next:\u0026nbsp;\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42029214/why-tata-steel-hindalco-vedanta-and-other-metal-stocks-are-surging-up-to-4-today\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eWhy Tata Steel, Hindalco, Vedanta And Other Metal Stocks Are Surging Up To 4% Today\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/nivedita-hazra\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Nivedita Hazra\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":87,"vid":1,"name":"Contracts"},{"tid":2,"vid":1,"name":"Markets"}],"created":"2024-11-18T08:33:20Z","createdAt":"2024-11-18T08:33:20Z","id":42030086,"image":"https://www.benzinga.com/files/images/story/2024/11/18/car-factory.png","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652378,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42030086,"stocks":[],"storyId":"673afbcfd149ec00010e5fef","tags":[{"tid":31656,"vid":3,"name":"Suzuki Motor Corp."},{"tid":897210,"vid":3,"name":"Tata Elxsi"},{"tid":780746,"vid":3,"name":"Tata Group"}],"teaser":"The collaboration between the two companies will concentrate on next-generation powertrains and software-defined vehicles, promoting energy-efficient solutions for electric, hybrid, and alternative fuel vehicles. ","teaserText":"The collaboration between the two companies will concentrate on next-generation powertrains and software-defined vehicles, promoting energy-efficient solutions for electric, hybrid, and alternative fuel vehicles. ","tickers":[],"title":"Suzuki And Tata Elxsi Launch Offshore Development Centre In Pune To Propel Future Mobility","updated":"2024-11-18T08:33:20Z","updatedAt":"2024-11-18T08:33:20Z","url":"https://in.benzinga.com/markets/equities/24/11/42030086/suzuki-and-tata-elxsi-launch-offshore-development-centre-in-pune-to-propel-future-mobility"}]},"layout":"default","briefs_type":null,"mobileOnly":true,"newsItemElement":"title","newsContainer":"box","reachContent":null},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","deviceType":"desktop","userAgent":"Mozilla/5.0 (compatible; YandexBot/3.0; +http://yandex.com/bots) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/108.0.0.0","type":"default"},{"blockName":"acf/newsletter-subscription-box","attrs":{"name":"acf/newsletter-subscription-box","data":{"title":"Take Stock Of The Week Ahead","form_id":"2b51fb29-dd1a-4619-9274-322ec53024c6","description":"\u003cp\u003eGet the latest Share Market Trends \u0026#038; News\u003c/p\u003e\n","mobileOnly":true,"style":"compact","utm_label":"","redirect_url":""},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","deviceType":"desktop","userAgent":"Mozilla/5.0 (compatible; YandexBot/3.0; +http://yandex.com/bots) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/108.0.0.0","type":"default"},{"blockName":"core/html","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cdiv id=\"invisible-separator\" style=\"width: 100%; height: 20px;\"\u003e\n\u003c/div\u003e\n","deviceType":"desktop","userAgent":"Mozilla/5.0 (compatible; YandexBot/3.0; +http://yandex.com/bots) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/108.0.0.0","type":"default"},{"blockName":"acf/widget-container","attrs":{"name":"acf/widget-container","data":{"widget":{"ID":314847,"post_author":"5889","post_date":"2024-05-22 03:29:46","post_date_gmt":"2024-05-22 07:29:46","post_content":"\u003c!-- wp:acf/google-ad-placement {\"name\":\"acf/google-ad-placement\",\"data\":{\"slot_placement_id\":\"/4107070/topic_page_banner_728x90\",\"_slot_placement_id\":\"field_slot_placement_id\",\"slot_width\":\"728\",\"_slot_width\":\"field_slot_width\",\"slot_height\":\"90\",\"_slot_height\":\"field_slot_height\",\"slot_google_ad_id\":\"google-india-banner-ad-unit\",\"_slot_google_ad_id\":\"field_slot_google_ad_id\",\"display\":\"desktop\",\"_display\":\"field_display\",\"dynamic_height\":\"1\",\"_dynamic_height\":\"field_dynamic_height\",\"add_size_mapping\":\"1\",\"_add_size_mapping\":\"field_add_size_mapping\",\"size_mapping_0_viewport_width\":\"0\",\"_size_mapping_0_viewport_width\":\"field_width\",\"size_mapping_0_viewport_height\":\"\",\"_size_mapping_0_viewport_height\":\"field_height\",\"size_mapping_0_viewport_sizes\":[\"728x90\"],\"_size_mapping_0_viewport_sizes\":\"field_sizes\",\"size_mapping_0_viewport\":\"\",\"_size_mapping_0_viewport\":\"viewport\",\"size_mapping\":1,\"_size_mapping\":\"size_mapping\"},\"align\":\"\",\"mode\":\"edit\"} /--\u003e","post_title":"India Horizontal Banner Ad Unit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-horizontal-banner-ad-unit","to_ping":"","pinged":"","post_modified":"2024-05-24 04:45:16","post_modified_gmt":"2024-05-24 08:45:16","post_content_filtered":"","post_parent":0,"guid":"https://www.benzinga.com/?post_type=widget\u0026#038;p=314847","menu_order":0,"post_type":"widget","post_mime_type":"","comment_count":"0","filter":"raw"}},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","dynamic":false,"blocks":[{"blockName":"acf/google-ad-placement","attrs":{"name":"acf/google-ad-placement","data":{"slot_placement_id":"/4107070/topic_page_banner_728x90","slot_width":"728","slot_height":"90","slot_google_ad_id":"google-india-banner-ad-unit","display":"desktop","dynamic_height":true,"size_mapping":[{"viewport":[0,0],"sizes":[[728,90]]}]},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","deviceType":"desktop","userAgent":"Mozilla/5.0 (compatible; YandexBot/3.0; +http://yandex.com/bots) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/108.0.0.0","type":"default"}],"deviceType":"desktop","userAgent":"Mozilla/5.0 (compatible; YandexBot/3.0; +http://yandex.com/bots) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/108.0.0.0","type":"default"},{"blockName":"acf/news-list-group","attrs":{"name":"acf/news-list-group","data":{"groups":[{"title":"Why is it Moving?","title_case":true,"link":"https://in.benzinga.com/movers","style":"","type":"default","loadMoreButton":false,"showSponsoredContent":false,"query_and_options":{"options":{"displayOutput":"full","limit":4,"type":"benzinga_wire_india"},"query":{"channels":[24],"channelAndTagQueryOperator":"and"}},"query":{"displayOutput":"full","limit":4,"type":"benzinga_wire_india","channels":[24],"channelAndTagQueryOperator":"and"},"parsely_query":{"limit":"","author":"","tag":""},"reachContent":{"placementIndex":3,"repeatIndex":5,"preload":true},"nodes":[{"assets":[{"type":"image","title":"Stock,Crash,Market,Exchange,Loss,Trading,Graph,Analysis,Investment,Indicator","alt":"Stock,Crash,Market,Exchange,Loss,Trading,Graph,Analysis,Investment,Indicator","source":"","mime":"","primary":true,"attributes":{"fid":"899666","filename":"Stock-Crash-Market-Exchange-Loss-Trading.jpeg","filepath":"files/images/story/2024/11/18/Stock-Crash-Market-Exchange-Loss-Trading.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga Neuro","body":"\u003cp\u003eOn Monday Nifty 50 fell 0.34% to 23,453.80. 21 stocks gained while 29 declined.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-full\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"450\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054049/newplot-24.jpeg\" alt=\"\" class=\"wp-image-652614\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054049/newplot-24.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054049/newplot-24-300x208.jpeg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eHindalco\u003c/strong\u003e emerged as the star performer with a 3.78% jump, closing at ₹651.05. The stock had closed at ₹627.35 in the previous trading session.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-full\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"450\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054330/newplot-25.jpeg\" alt=\"\" class=\"wp-image-652618\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054330/newplot-25.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054330/newplot-25-300x208.jpeg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eFollowing closely was \u003cstrong\u003eHero MotoCorp\u003c/strong\u003e, which saw a 2.80% surge, ending the day at ₹4733.00, up from its last close of ₹4604.00.\u003c/p\u003e\n\n\n\n\u003ch4 class=\"wp-block-heading\"\u003eTop Gainers\u003c/h4\u003e\n\n\n\n\u003cfigure class=\"wp-block-table\"\u003e\u003ctable\u003e\u003cthead\u003e\u003ctr\u003e\u003cth\u003eStock\u003c/th\u003e\u003cth\u003eCurrent Price\u003c/th\u003e\u003cth\u003eLast Close\u003c/th\u003e\u003cth\u003e% Change\u003c/th\u003e\u003c/tr\u003e\u003c/thead\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eHindalco\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹651.05\u003c/td\u003e\u003ctd\u003e₹627.35\u003c/td\u003e\u003ctd\u003e3.78%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eHero MotoCorp\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹4733.00\u003c/td\u003e\u003ctd\u003e₹4604.00\u003c/td\u003e\u003ctd\u003e2.80%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eTata Steel\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹141.21\u003c/td\u003e\u003ctd\u003e₹137.98\u003c/td\u003e\u003ctd\u003e2.34%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eM\u0026amp;M\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹2846.90\u003c/td\u003e\u003ctd\u003e₹2807.20\u003c/td\u003e\u003ctd\u003e1.41%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eHindustan Unilever\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹2422.90\u003c/td\u003e\u003ctd\u003e₹2389.20\u003c/td\u003e\u003ctd\u003e1.41%\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eTata Steel\u003c/strong\u003e also had a good run, with a 2.34% increase, closing at ₹141.21. The stock had ended the previous session at ₹137.98.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eM\u0026amp;M\u003c/strong\u003e and \u003cstrong\u003eHindustan Unilever\u003c/strong\u003e rounded off the top five gainers, with a 1.41% rise each. M\u0026amp;M closed at ₹2846.90, while Hindustan Unilever ended the day at ₹2422.90.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also:\u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030455/should-you-subscribe-to-ntpc-green-energy-ipo-check-analysts-calls-latest-gmp\"\u003e Should You Subscribe To NTPC Green Energy IPO? Check Analysts\u0026#8217; Calls, Latest GMP\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eOn the flip side, \u003cstrong\u003eTCS\u003c/strong\u003e was the biggest loser, shedding 3.05% to close at ₹4019.50. The IT giant had closed at ₹4145.90 in the previous session.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-full\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"450\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18055440/newplot-26.jpeg\" alt=\"\" class=\"wp-image-652627\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18055440/newplot-26.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18055440/newplot-26-300x208.jpeg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eBPCL\u003c/strong\u003e followed suit, with a 3.02% drop, closing at ₹289.20. The stock had ended the previous session at ₹298.20.\u003c/p\u003e\n\n\n\n\u003ch4 class=\"wp-block-heading\"\u003eTop Losers\u003c/h4\u003e\n\n\n\n\u003cfigure class=\"wp-block-table\"\u003e\u003ctable\u003e\u003cthead\u003e\u003ctr\u003e\u003cth\u003eStock\u003c/th\u003e\u003cth\u003eCurrent Price\u003c/th\u003e\u003cth\u003eLast Close\u003c/th\u003e\u003cth\u003e% Change\u003c/th\u003e\u003c/tr\u003e\u003c/thead\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eTCS\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹4019.50\u003c/td\u003e\u003ctd\u003e₹4145.90\u003c/td\u003e\u003ctd\u003e-3.05%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eBPCL\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹289.20\u003c/td\u003e\u003ctd\u003e₹298.20\u003c/td\u003e\u003ctd\u003e-3.02%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eInfosys\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹1811.45\u003c/td\u003e\u003ctd\u003e₹1864.55\u003c/td\u003e\u003ctd\u003e-2.85%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eDr. Reddy\u0026#8217;s\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹1193.55\u003c/td\u003e\u003ctd\u003e₹1226.70\u003c/td\u003e\u003ctd\u003e-2.70%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eTrent\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹6301.65\u003c/td\u003e\u003ctd\u003e₹6463.00\u003c/td\u003e\u003ctd\u003e-2.50%\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eInfosys\u003c/strong\u003e also had a rough day, with a 2.85% decrease, closing at ₹1811.45. The stock had closed at ₹1864.55 in the last session.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eDr. Reddy\u0026#8217;s\u003c/strong\u003e and \u003cstrong\u003eTrent\u003c/strong\u003e completed the list of top five losers, with a 2.70% and 2.50% fall respectively. Dr. Reddy\u0026#8217;s closed at ₹1193.55, while Trent ended the day at ₹6301.65.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42030973/ntpc-and-ongc-join-hands-to-establish-a-green-energy-venture-ongpl\"\u003eNTPC And ONGC Join Hands To Establish A Green Energy Venture \u0026#8216;ONGPL\u0026#8217;\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/ananthucu-benzinga-com\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Ananthu CU\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":2,"vid":1,"name":"Markets"},{"tid":24,"vid":1,"name":"Movers"}],"created":"2024-11-18T11:05:49Z","createdAt":"2024-11-18T11:05:49Z","id":42031786,"image":"https://www.benzinga.com/files/images/story/2024/11/18/Stock-Crash-Market-Exchange-Loss-Trading.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652612,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42031786,"stocks":[],"storyId":"673b1f8cd149ec00010e6681","tags":[{"tid":22105,"vid":3,"name":"Gainers And Losers"},{"tid":850872,"vid":3,"name":"Nifty 50"}],"teaser":"Nifty 50 fell 0.34% to 23,453.80. Hindalco emerged as top performer with a 3.78% jump, while TCS was the biggest loser with a 3.05% fall.","teaserText":"Nifty 50 fell 0.34% to 23,453.80. Hindalco emerged as top performer with a 3.78% jump, while TCS was the biggest loser with a 3.05% fall.","tickers":[],"title":"TCS Top Loser As Nifty Continues Slide","updated":"2024-11-18T11:05:49Z","updatedAt":"2024-11-18T11:05:49Z","url":"https://in.benzinga.com/markets/equities/24/11/42031786/tcs-top-loser-as-nifty-continues-slide"},{"assets":[{"type":"image","title":"Stocks.Watch_.Shutterstock","alt":"Stocks.Watch_.Shutterstock","source":"","mime":"","primary":true,"attributes":{"fid":"899650","filename":"Stocks-Watch--Shutterstock_0.png","filepath":"files/images/story/2024/11/18/Stocks-Watch--Shutterstock_0.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga India Staff","body":"\u003cp\u003eShares of \u003cstrong\u003eBharat Dynamics Limited\u003c/strong\u003e (BDL) have been under the pump after the company \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41964223/bdls-q2-net-profit-slumps-16-to-122-53-cr-revenue-drops-11\"\u003eposted its earnings for the quarter ended September\u003c/a\u003e. However, analysts at Antique Broking see the stock turning things around.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThe BDL Analyst:\u003c/strong\u003e Antique Broking maintained its \u0026#8220;buy\u0026#8221; rating for the stock, but reduced the target price to ₹1,357 from ₹1,579. The revised target still indicates an around 42% upside from the stock\u0026#8217;s current market price of around ₹955.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThe BDL Thesis:\u003c/strong\u003e BDL reported Q2FY25 revenue of ₹550 crore, a decline of 11.5% year-on-year (YoY) and below Antique Broking\u0026#8217;s\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41962178/bdl-shares-in-green-ahead-of-q2-results-what-to-expect\"\u003e estimate of ₹700 crore. \u003c/a\u003eAnalysts attributed the revenue miss to continued supply chain challenges that have persisted for the past eight quarters, hampering the execution of the company's robust ₹19,000 crore order backlog.\u003c/p\u003e\n\n\n\n\u003cp\u003eEBITDA stood at ₹98.8 crore, below the brokerage\u0026#8217;s estimate of ₹140 crore, due to under-absorption of costs. EBITDA margin contracted 370 basis points YoY to 18.1%. PAT came in at ₹120 crore, a 16.7% YoY decline, and below Antique\u0026#8217;s estimate of ₹157 crore.\u003c/p\u003e\n\n\n\n\u003cp\u003eDespite these issues, BDL has maintained its revenue guidance of ₹3,000 crore+ for FY25. The company plans to prioritize orders with a functional supply chain and defer those facing challenges to FY26, the brokerage said.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/42028685/hal-shares-jump-4-as-brokerages-remain-strongly-bullish-after-q2-print\"\u003eHAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eWith an order backlog of ₹19,000 crore —equivalent to 8.6x its trailing 12-month revenue—Antique highlighted robust revenue visibility.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe brokerage said that the defence manufacturer should see a strong influx of orders. The company expects to finalise orders worth ₹2,000–5,000 crore in FY25, with a strong pipeline exceeding ₹20,000 crore over the next two to three years. Key projects in the pipeline include large-scale orders for Astra MK II, QRSAM, and MRSAM. BDL had secured ₹1,760 crore in orders during FY24.\u003c/p\u003e\n\n\n\n\u003cp\u003eAntique noted that while supply chain issues have dampened execution, BDL is taking steps to address these challenges. The company is developing alternate strategies to accelerate deliveries for orders unaffected by supply chain disruptions, with execution expected to pick up in the second half of FY25. The brokerage believes that supply chain normalization and indigenization efforts will enhance BDL's ability to execute its large order backlog.\u003c/p\u003e\n\n\n\n\u003cp\u003eAntique remains optimistic about BDL's long-term prospects, citing strong business fundamentals and export opportunities. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action:\u003c/strong\u003e BDL\u0026#8217;s share price was down 3.48% to trade at ₹955.15 on Monday afternoon.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42029033/vodafone-idea-shares-in-red-for-7th-consecutive-session-brokerages-cut-price-target\"\u003eVodafone Idea Shares In Red For 7th Consecutive Session: Brokerages Cut Price Targets\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003e\u003cem\u003eDisclaimer:\u003c/em\u003e\u003c/strong\u003e\u003cem\u003e This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":68,"vid":1,"name":"Analyst Color"},{"tid":24769,"vid":1,"name":"Equities"},{"tid":72,"vid":1,"name":"Price Target"},{"tid":39823,"vid":1,"name":"Reiteration"},{"tid":2,"vid":1,"name":"Markets"},{"tid":67,"vid":1,"name":"Analyst Ratings"},{"tid":24,"vid":1,"name":"Movers"},{"tid":22,"vid":1,"name":"Trading Ideas"}],"created":"2024-11-18T08:54:09Z","createdAt":"2024-11-18T08:54:09Z","id":42030213,"image":"https://www.benzinga.com/files/images/story/2024/11/18/Stocks-Watch--Shutterstock_0.png","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652442,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42030213,"stocks":[],"storyId":"673b00b1d149ec00010e6071","tags":[{"tid":933707,"vid":3,"name":"BDL"}],"teaser":"Shares of Bharat Dynamics Limited (BDL) have been under the pump after the company posted its earnings for the quarter ended September. However, analysts at Antique Broking see the stock turning things around.","teaserText":"Shares of Bharat Dynamics Limited (BDL) have been under the pump after the company posted its earnings for the quarter ended September. However, analysts at Antique Broking see the stock turning things around.","tickers":[],"title":"BDL Shares Down 3% After Q2, But Analyst Expects Over 40% Surge Ahead","updated":"2024-11-18T08:54:09Z","updatedAt":"2024-11-18T08:54:09Z","url":"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030213/bdl-shares-down-3-after-q2-but-analyst-expects-over-40-surge-ahead"},{"assets":[{"type":"image","title":"natural gas ai","alt":"Natural Gas MidJourney","source":"","mime":"","primary":true,"attributes":{"fid":"899630","filename":"natural-gas-ai.png","filepath":"files/images/story/2024/11/18/natural-gas-ai.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Nivedita Hazra","body":"\u003cp\u003eShares of city gas distribution (CGD) companies were tanking at the bourses on Monday after the government slashed its Administered Price Mechanism (APM) allocation to these companies by another 20%.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened:\u003c/strong\u003e Companies including \u003cstrong\u003eIndraprastha Gas \u003c/strong\u003e(IGL) and \u003cstrong\u003eMahanagar Gas \u003c/strong\u003e(MGL) said they received intimations from \u003cstrong\u003eGAIL\u003c/strong\u003e regarding the further reduction in domestic gas allocation which took effect from November 16. This is the second straight month in a row that the gas allocation has been cut.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe revised domestic gas allocation is approximately 20% less than the previous allocation for IGL and about 18% less for MGL. The significant reduction in allocation will impact their profitability, the companies said.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42029033/vodafone-idea-shares-in-red-for-7th-consecutive-session-brokerages-cut-price-target\"\u003eVodafone Idea Shares In Red For 7th Consecutive Session: Brokerages Cut Price Targets\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eAPM gas, supplied by \u003cstrong\u003eONGC\u003c/strong\u003e and \u003cstrong\u003eOil India\u003c/strong\u003e, is priced lower by the government compared to market-priced natural gas, such as spot liquefied natural gas. With reduced allocations, CGDs are forced to purchase more expensive gas, increasing their costs and compressing margins. This could eventually result in higher prices for customers.\u003c/p\u003e\n\n\n\n\u003cp\u003eTo bridge this shortfall, MGL is exploring options of sourcing gas through domestically produced High-Pressure High Temperature (HPHT) gas, New Well/ Well Intervention gas (NWG) from ONGC and benchmark-linked long-term gas contracts to continue providing gas to its customers with price stability.\u003c/p\u003e\n\n\n\n\u003cp\u003eIn September, global brokerage firm \u003ca href=\"https://in.benzinga.com/content/40825251/mahanagar-gas-share-price-has-gone-up-over-50-so-far-this-year-jefferies-sees-17-upside-from-here\"\u003eJefferies\u003c/a\u003e hiked its target price for Mahanagar Gas to ₹2,120 from ₹1,990, while sticking to its \"buy\" rating pointing to the company\u0026#8217;s improving volume growth driven by the rapid expansion of new outlets and robust demand from the industrial sector. However, it had then flagged a potential concern around the declining APM gas allocations. In the same month, \u003ca href=\"https://in.benzinga.com/markets/equities/24/09/40890733/indraprastha-gas-mahanagar-gas-fly-up-to-4-higher-as-ubs-hikes-target-price\"\u003eUBS\u003c/a\u003e also raised the target price for both MGL and IGL.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action: \u003c/strong\u003eMGL lost 14.19% to ₹1,126.45 whereas IGL tanked 18.83% to ₹329.40 on Monday morning.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/news/24/11/42028821/amazon-india-to-shift-headquarters-to-bengalurus-outskirts-to-cut-costs\"\u003eAmazon India To Shift Headquarters To Bengaluru\u0026#8217;s Outskirts To Cut Costs\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":2,"vid":1,"name":"Markets"},{"tid":24,"vid":1,"name":"Movers"},{"tid":22,"vid":1,"name":"Trading Ideas"}],"created":"2024-11-18T06:42:57Z","createdAt":"2024-11-18T06:42:57Z","id":42029262,"image":"https://www.benzinga.com/files/images/story/2024/11/18/natural-gas-ai.png","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652219,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42029262,"stocks":[],"storyId":"673ae1f0d149ec00010e5cc2","tags":[{"tid":870718,"vid":3,"name":"GAIL"},{"tid":889250,"vid":3,"name":"IGL"},{"tid":896089,"vid":3,"name":"Mahanagar Gas"},{"tid":586141,"vid":3,"name":"Oil India"},{"tid":45036,"vid":3,"name":"ONGC"}],"teaser":"This is the second straight month in a row that the gas allocation has been cut.","teaserText":"This is the second straight month in a row that the gas allocation has been cut.","tickers":[],"title":"MGL, IGL Shares Tank Up To 20% After Govt Cuts APM Gas Allocation For 2nd Straight Month","updated":"2024-11-18T06:42:57Z","updatedAt":"2024-11-18T06:42:57Z","url":"https://in.benzinga.com/markets/equities/24/11/42029262/mgl-igl-shares-tank-up-to-20-after-govt-cuts-apm-gas-allocation-for-2nd-straight-month"},{"assets":[{"type":"image","title":"bull market","alt":"bull market","source":"generated using AI via Midjourney","mime":"","primary":true,"attributes":{"fid":"899629","filename":"bull-market.png","filepath":"files/images/story/2024/11/18/bull-market.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Utkarsh Roshan","body":"\u003cp\u003eShares of metal stocks such as \u003cstrong\u003eTata Steel, Hindalco, Vedanta\u003c/strong\u003e and\u003cstrong\u003e Nalco\u003c/strong\u003e saw gains on Monday as the Nifty Metal index rebounded after six consecutive sessions of declines. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened: \u003c/strong\u003eThe recovery today comes as China\u0026#8217;s Ministry of Finance announced the removal of export tax rebates on aluminium and copper products. This decision, effective from December 1, 2024, has led to a surge in aluminium prices, marking the largest increase in over a year.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42029033/vodafone-idea-shares-in-red-for-7th-consecutive-session-brokerages-cut-price-target\"\u003eVodafone Idea Shares In Red For 7th Consecutive Session: Brokerages Cut Price Targets\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe policy change is expected to reduce Chinese aluminium exports, potentially tightening global supply and pushing prices higher. This is seen as a positive development for Indian aluminium producers like Hindalco Industries, Vedanta, and Nalco. \u003c/p\u003e\n\n\n\n\u003cp\u003eWhile Hindalco and Vedanta may benefit from increased global demand and improved pricing, Nalco is likely to gain from heightened domestic demand and expanded export opportunities.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action:\u003c/strong\u003e Nifty Metal Index was up 1.71%, closing at 8,980.05. Here is how metal stocks traded on Monday afternoon\u003c/p\u003e\n\n\n\n\u003cp\u003eTata Steel\u0026#8217;s share price was up 1.61% to trade at ₹140.20. \u003cbr\u003eVedanta\u0026#8217;s share price rose 3.71% to ₹449.50.\u003cbr\u003eHindalco Industries\u0026#8217; share price gained 4.13% to ₹653.25.\u003cbr\u003eNational Aluminium Company\u0026#8217;s share price surged 9.90% to ₹241.64.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/news/24/11/42028821/amazon-india-to-shift-headquarters-to-bengalurus-outskirts-to-cut-costs\"\u003eAmazon India To Shift Headquarters To Bengaluru\u0026#8217;s Outskirts To Cut Costs\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":2,"vid":1,"name":"Markets"},{"tid":24,"vid":1,"name":"Movers"},{"tid":22,"vid":1,"name":"Trading Ideas"}],"created":"2024-11-18T06:32:45Z","createdAt":"2024-11-18T06:32:45Z","id":42029214,"image":"https://www.benzinga.com/files/images/story/2024/11/18/bull-market.png","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652221,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42029214,"stocks":[],"storyId":"673adf8cd149ec00010e5c91","tags":[{"tid":897695,"vid":3,"name":"Hindalco"},{"tid":31821,"vid":3,"name":"Nalco"},{"tid":870609,"vid":3,"name":"Tata Steel"},{"tid":874985,"vid":3,"name":"Vedanta"}],"teaser":"Shares of metal stocks such as Tata Steel, Hindalco, Vedanta and Nalco saw gains on Monday as the Nifty Metal index rebounded after six consecutive sessions of declines. ","teaserText":"Shares of metal stocks such as Tata Steel, Hindalco, Vedanta and Nalco saw gains on Monday as the Nifty Metal index rebounded after six consecutive sessions of declines. ","tickers":[],"title":"Why Tata Steel, Hindalco, Vedanta And Other Metal Stocks Are Surging Up To 4% Today","updated":"2024-11-18T06:32:45Z","updatedAt":"2024-11-18T06:32:45Z","url":"https://in.benzinga.com/markets/equities/24/11/42029214/why-tata-steel-hindalco-vedanta-and-other-metal-stocks-are-surging-up-to-4-today"}]},{"title":"Technology","title_case":true,"link":"https://in.benzinga.com/tech","style":"","type":"default","loadMoreButton":false,"showSponsoredContent":false,"query_and_options":{"options":{"displayOutput":"full","limit":4,"type":"benzinga_wire_india"},"query":{"channels":[6],"channelAndTagQueryOperator":"and"}},"query":{"displayOutput":"full","limit":4,"type":"benzinga_wire_india","channels":[6],"channelAndTagQueryOperator":"and"},"parsely_query":{"limit":"","author":"","tag":""},"reachContent":{"placementIndex":3,"repeatIndex":5,"preload":true},"nodes":[{"assets":[{"type":"image","title":"The Amazon Trade","alt":"The Amazon Trade","source":"","mime":"","primary":true,"attributes":{"fid":"899625","filename":"The-Amazon-Trade.jpeg","filepath":"files/images/story/2024/11/17/The-Amazon-Trade.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Ananthu C U","body":"\u003cp\u003e\u003cstrong\u003eAmazon India\u003c/strong\u003e is planning to relocate its corporate headquarters from the northwest part of Bengaluru to a location near the city\u0026#8217;s airport. This decision is a part of the e-commerce giant\u0026#8217;s cost-cutting measures.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened: \u003c/strong\u003eAmazon India is preparing to leave its current office in the World Trade Centre, a property of Brigade Enterprises Ltd, as per a Mint report. The company currently occupies nearly half a million square feet across eighteen floors of the thirty-floor building. \u003c/p\u003e\n\n\n\n\u003cp\u003eThe impending move has sparked concerns about Brigade Enterprises\u0026#8217; ability to find a new tenant and the potential impact on the rental income of nearby flats.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/42028685/hal-shares-jump-4-as-brokerages-remain-strongly-bullish-after-q2-print\"\u003eHAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe new office in Sattva, a short 15-minute drive from the airport, is projected to cost less than a third of the nearly ₹250 per sq. ft. rent that Amazon presently pays, according to two company executives. The relocation process is slated to start in April 2025 and conclude by April 2026.\u003c/p\u003e\n\n\n\n\u003cp\u003eAmazon confirmed the development, stating that the shift to a new campus is aimed at enhancing collaboration and delivering an unparalleled employee experience. However, the decision has been met with some resistance from employees, who are displeased about the increased commute to the new location.\u003c/p\u003e\n\n\n\n\u003cp\u003eBrigade Enterprises clarified that Amazon has not terminated its lease agreement with them, suggesting that the e-commerce behemoth might maintain some presence at the current location.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42028700/hero-motocorp-shares-jump-3-after-strong-q2-results\"\u003eHero MotoCorp Shares Jump 3% After Strong Q2 Results\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/ananthucu-benzinga-com\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Ananthu CU\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":57,"vid":1,"name":"News"},{"tid":6,"vid":1,"name":"Tech"},{"tid":142057,"vid":1,"name":"Real Estate"}],"created":"2024-11-18T04:58:52Z","createdAt":"2024-11-18T04:58:52Z","id":42028821,"image":"https://www.benzinga.com/files/images/story/2024/11/17/The-Amazon-Trade.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652113,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42028821,"stocks":[],"storyId":"673ac98bd149ec00010e5b13","tags":[{"tid":20108,"vid":3,"name":"Amazon"}],"teaser":"Amazon India to relocate HQ near Bengaluru airport as part of cost-cutting measures. New office to cost less than current rent; move in 2025-26.","teaserText":"Amazon India to relocate HQ near Bengaluru airport as part of cost-cutting measures. New office to cost less than current rent; move in 2025-26.","tickers":[],"title":"Amazon India To Shift Headquarters To Bengaluru\u0026#39;s Outskirts To Cut Costs","updated":"2024-11-18T04:58:52Z","updatedAt":"2024-11-18T04:58:52Z","url":"https://in.benzinga.com/news/24/11/42028821/amazon-india-to-shift-headquarters-to-bengalurus-outskirts-to-cut-costs"},{"assets":[{"type":"image","title":"Mukesh Ambani Elon Musk Reliance Jio SpaceX Starlink","alt":"Mukesh Ambani Elon Musk Reliance Jio SpaceX Starlink","source":"Mukesh Ambani Elon Musk Reliance Jio SpaceX Starlink | Photos courtesy: World Economic Forum and TED Conference on Flickr","mime":"","primary":true,"attributes":{"fid":"899515","filename":"Mukesh-Ambani-Elon-Musk-Reliance-Jio-Spa.jpeg","filepath":"files/images/story/2024/11/16/Mukesh-Ambani-Elon-Musk-Reliance-Jio-Spa.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Rounak Jain","body":"\u003cp\u003e\u003cstrong\u003eMukesh Ambani\u0026#8217;s\u003c/strong\u003e \u003cstrong\u003eReliance Jio\u003c/strong\u003e has called on India\u0026#8217;s telecom regulator, TRAI (Telecom Regulatory Authority of India) to reassess the potential impact of \u003cstrong\u003eElon Musk\u0026#8217;s\u003c/strong\u003e Starlink and \u003cstrong\u003eAmazon\u0026#8217;s\u003c/strong\u003e Kuiper before allocating satellite spectrum.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened\u003c/strong\u003e: This request, detailed in a letter seen by Reuters, underscores Ambani\u0026#8217;s ongoing battle with Musk over the method of spectrum allocation in India.\u003c/p\u003e\n\n\n\n\u003cp\u003eWhile Reliance Jio supports an auction-based approach in line with how the telecom spectrum has been allotted in the country, the Indian government aligns with Musk\u0026#8217;s preference for administrative allocation.\u003c/p\u003e\n\n\n\n\u003cp\u003eIn a letter sent to TRAI, as seen by Reuters, Jio underscored the quantum of data it handles for its 479 million subscribers.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe telco said it handles 15 billion gigabytes of data monthly in India, following a $23 billion investment in spectrum auctions.\u003c/p\u003e\n\n\n\n\u003cp\u003eIn contrast, Starlink plans to serve similar customers with an 18 billion gigabyte capacity at potentially lower costs.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/general/entertainment/24/11/42000377/5-paranormal-hotspots-in-india-you-shouldnt-miss\" target=\"_blank\" rel=\"noreferrer noopener\"\u003e5 Paranormal Hotspots In India You Shouldn't Miss\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eExperts suggest that auctions could lead to higher initial costs, potentially deterring foreign competitors in favour of Reliance. A senior telecom regulator source mentioned that all feedback will be reviewed before final recommendations, expected by year-end, according to the report.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhy It Matters\u003c/strong\u003e: The debate over satellite spectrum allocation in India has been ongoing, with significant implications for the country\u0026#8217;s telecommunications landscape.\u003c/p\u003e\n\n\n\n\u003cp\u003eIn December, the Indian government \u003ca href=\"https://in.benzinga.com/content/36296071/indias-satellite-internet-battle-elon-musks-starlink-favored-over-reliance-jio-in-draft-bill\"\u003eintroduced a draft bill\u003c/a\u003e proposing a licensing framework for satellite internet spectrum, bypassing traditional auctions.\u003c/p\u003e\n\n\n\n\u003cp\u003eThis move was seen as a victory for international players like SpaceX's Starlink and Amazon\u0026#8217;s Project Kuiper, who have advocated for a licensing model, arguing that auctions could inflate costs and deter investment.\u003c/p\u003e\n\n\n\n\u003cp\u003eIn October 2023, Musk \u003ca href=\"https://in.benzinga.com/markets/equities/24/10/41349626/much-appreciated-elon-musk-cheers-indias-move-to-allocate-satellite-spectrum\"\u003eexpressed appreciation\u003c/a\u003e for India\u0026#8217;s decision to allocate spectrum administratively, viewing it as a positive step for Starlink\u0026#8217;s expansion in the country.\u003c/p\u003e\n\n\n\n\u003cp\u003eMeanwhile, \u003ca href=\"https://in.benzinga.com/content/35457234/jio-beats-elon-musks-starlink-and-airtels-oneweb-to-debut-indias-first-satellite-based-broadband-ser\"\u003eReliance Jio launched JioSpaceFiber\u003c/a\u003e, India\u0026#8217;s first satellite-based gigabit broadband service, showcasing its commitment to providing high-speed internet across the nation, even in remote areas.\u003c/p\u003e\n\n\n\n\u003cp\u003eThis ongoing battle between domestic and international players highlights the strategic importance of satellite internet in India\u0026#8217;s digital future.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41977061/hero-motocorp-q2-net-profit-jumps-14-to-1-203-54-cr-beats-estimates\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eHero Motocorp Q2 Net Profit Jumps 14% To ₹1,204 Cr, Beats Estimates\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003e\u003cem\u003eDisclaimer\u003c/em\u003e:\u003c/strong\u003e\u003cem\u003e This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003ePhotos courtesy: World Economic Forum and TED Conference on Flickr\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":57,"vid":1,"name":"News"},{"tid":45040,"vid":1,"name":"SPACE","description":"Coverage of SPACE."},{"tid":6,"vid":1,"name":"Tech"}],"created":"2024-11-16T08:00:39Z","createdAt":"2024-11-16T08:00:39Z","id":42022831,"image":"https://www.benzinga.com/files/images/story/2024/11/16/Mukesh-Ambani-Elon-Musk-Reliance-Jio-Spa.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":651457,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42022831,"stocks":[],"storyId":"67385126d149ec00010e4501","tags":[{"tid":30461,"vid":3,"name":"Elon Musk"},{"tid":26262,"vid":3,"name":"India"},{"tid":19518,"vid":3,"name":"Mukesh Ambani"},{"tid":775575,"vid":3,"name":"Reliance Jio"},{"tid":122361,"vid":3,"name":"SpaceX"},{"tid":155513,"vid":3,"name":"StarLink"}],"teaser":"Mukesh Ambani\u0026#39;s Reliance Jio has called on TRAI to reassess the potential impact of Elon Musk\u0026#39;s Starlink before allocating satellite spectrum.","teaserText":"Mukesh Ambani\u0026#39;s Reliance Jio has called on TRAI to reassess the potential impact of Elon Musk\u0026#39;s Starlink before allocating satellite spectrum.","tickers":[],"title":"Mukesh Ambani\u0026#39;s Reliance Jio Urges Review Of Starlink And Amazon\u0026#39;s Satellite Plans In India","updated":"2024-11-16T08:00:39Z","updatedAt":"2024-11-16T08:00:39Z","url":"https://in.benzinga.com/news/24/11/42022831/mukesh-ambanis-reliance-jio-urges-review-of-starlink-and-amazons-satellite-plans-in-india"},{"assets":[{"type":"image","title":"ecommerce-3082813_1280","alt":"What's Going On With Paymentus Stock?","source":"Image: Mohamed Hassan from Pixabay","mime":"","primary":true,"attributes":{"fid":"898779","filename":"ecommerce-3082813-1280.jpeg","filepath":"files/images/story/2024/11/13/ecommerce-3082813-1280.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga India Staff","body":"\u003cp\u003eCompetition Commission of India (CCI) may reportedly seek the intervention of the Supreme Court in an antitrust case involving e-commerce giants \u003cstrong\u003eAmazon\u003c/strong\u003e and \u003cstrong\u003eFlipkart\u003c/strong\u003e, along with several sellers on their platforms.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened: \u003c/strong\u003eThe CCI is reportedly planning to request the Supreme Court to consolidate over a dozen writ petitions filed by these sellers in various high courts, including Karnataka, Telangana, Madras and Kolkata, the Mint reported, citing sources. \u003c/p\u003e\n\n\n\n\u003cp\u003eThese petitions have raised concerns over alleged procedural flaws in a CCI investigation report, which suggested that the e-commerce platforms favoured certain sellers.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe move aims to streamline the legal process and avoid conflicting rulings across different high courts, one source anonymously told the publication. By consolidating the cases, the CCI hopes to address all the legal challenges in a single forum, potentially speeding up the resolution of the matter.\u003c/p\u003e\n\n\n\n\u003cp\u003eA second source noted that the multiple court filings by sellers have stalled the CCI's ongoing investigation. The watchdog is now consulting legal experts on filing a transfer petition to the Supreme Court, which would allow it to club all related cases for a comprehensive review.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41961755/while-ola-electric-shares-hit-all-time-lows-softbank-says-its-in-no-hurry-to-sell-but-planning-t?utm_source=benzinga_india\u0026amp;utm_campaign=partner_feed\u0026amp;utm_medium=partner_feed\u0026amp;utm_content=site\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eWhile Ola Electric Shares Hit All-Time Lows, SoftBank Says It\u0026#8217;s In No Hurry To Sell But Planning \u0026#8216;Thoughtful, Gradual\u0026#8217; Exit\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Legal Experts Say: \u003c/strong\u003eLegal experts agree that a transfer petition could help bring a quicker resolution, pointing out that the delays in addressing the case could hurt small sellers and micro, small and medium enterprises relying on the e-commerce ecosystem. Consolidating the cases would enable the CCI to handle multiple legal questions more effectively, the experts believe.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe CCI's director general of investigation (DGI) had submitted a report in August indicating possible violations of competition laws by Amazon and Flipkart. The report highlighted issues such as preferential treatment for select sellers, exclusive product launches and aggressive discounting strategies.\u003c/p\u003e\n\n\n\n\u003cp\u003eHowever, several sellers, including Appario Retail, have challenged the findings in court. They argued that they were initially approached as third parties but were later categorized as \"opposite parties\" without the necessary approval from the CCI. In September, the Karnataka High Court granted an interim stay on the CCI's proceedings following petitions from multiple sellers, with the next hearing scheduled for November 20.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eHeavy Scrutiny: \u003c/strong\u003eThe CCI has \u003ca href=\"https://www.benzinga.com/markets/equities/24/09/40860373/amazon-walmarts-flipkart-violate-indias-antitrust-laws-investigators-allege-report\"\u003eintensified its scrutiny of e-commerce platforms in recent year\u003c/a\u003es, as their rapid growth has sparked concerns about anti-competitive practices. Traditional retail players have repeatedly urged regulators to keep a close watch on these platforms to ensure fair competition.\u003c/p\u003e\n\n\n\n\u003cp\u003eRecently, it was reported that an \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41872290/zomato-confirms-cci-investigation-over-violation-of-competition-laws#\"\u003einvestigation by the\u0026nbsp;CCI found food delivery platforms \u003cstrong\u003eZomato\u003c/strong\u003e and\u0026nbsp;\u003cstrong\u003eSwiggy\u003c/strong\u003e\u0026nbsp;guilty\u003c/a\u003e of favouring certain restaurants on their platforms in violation of antitrust laws.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eNotably, in 2020, Amazon and Flipkart sought relief from lower courts to halt a CCI probe initiated that year. The matter eventually reached the Supreme Court, which ruled in favour of the CCI's investigation, compelling the platforms to cooperate. The DGI's subsequent report was shared with the CCI and the companies involved this past August, reigniting the legal battles.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/41961401/royal-enfield-maker-shares-jump-6-with-brokerages-bullish-on-better-demand-visibili?utm_source=benzinga_india\u0026amp;utm_campaign=partner_feed\u0026amp;utm_medium=partner_feed\u0026amp;utm_content=site\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eRoyal Enfield Maker Shares Jump 6% With Brokerages Bullish On Better Demand Visibility\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":26029,"vid":1,"name":"Government"},{"tid":57,"vid":1,"name":"News"},{"tid":144213,"vid":1,"name":"Regulations"},{"tid":30777,"vid":1,"name":"Retail Sales"},{"tid":29619,"vid":1,"name":"Legal"},{"tid":6,"vid":1,"name":"Tech"}],"created":"2024-11-14T04:46:27Z","createdAt":"2024-11-14T04:46:27Z","id":41961789,"image":"https://www.benzinga.com/files/images/story/2024/11/13/ecommerce-3082813-1280.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":646750,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":41961789,"stocks":[],"storyId":"673580a2d149ec00010d5080","tags":[{"tid":20108,"vid":3,"name":"Amazon"},{"tid":159100,"vid":3,"name":"Flipkart"}],"teaser":"By consolidating the cases, the CCI hopes to address all the legal challenges in a single forum, potentially speeding up the resolution of the matter.","teaserText":"By consolidating the cases, the CCI hopes to address all the legal challenges in a single forum, potentially speeding up the resolution of the matter.","tickers":[],"title":"Amazon, Flipkart Could Be Taken To Top Court Over Alleged Antitrust Violations: Report","updated":"2024-11-14T04:46:27Z","updatedAt":"2024-11-14T04:46:27Z","url":"https://in.benzinga.com/government/24/11/41961789/amazon-flipkart-could-be-taken-to-top-court-over-alleged-antitrust-violations-report"},{"assets":[{"type":"image","title":"San,Francisco,,Usa,-,Oct,5,,2015:,Apple,Sign,On","alt":"San,Francisco,,Usa,-,Oct,5,,2015:,Apple,Sign,On","source":"","mime":"","primary":true,"attributes":{"fid":"898769","filename":"San-Francisco--Usa---Oct-5--2015-Apple-S.jpeg","filepath":"files/images/story/2024/11/13/San-Francisco--Usa---Oct-5--2015-Apple-S.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Ananthu C U","body":"\u003cp\u003e\u003cstrong\u003eApple Inc\u0026#8217;s\u003c/strong\u003e \u003cstrong\u003eiPhone\u003c/strong\u003e exports from India have hit a new high, hitting around $7 billion (₹60,000 crore) in the first seven months of the current fiscal year.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened\u003c/strong\u003e: Apple\u0026#8217;s iPhone exports from India have reached a record-breaking figure, averaging $1 billion (₹8,440 crore) in exports per month, reported Financial Express. This comes after the smartphone production-linked incentive (PLI) scheme launched in 2020, prompting Apple to relocate its manufacturing base to India.\u003c/p\u003e\n\n\n\n\u003cp\u003eFor the first time, not only are the iPhone 14, 15 and 16 models being exported from India, but also the Pro and Pro Max models, which began local production in October this year. These Pro models have a dollar value nearly 1.5 to 2 times higher than other iPhone models.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41960957/suzlons-share-price-band-revised-downwards-by-exchanges\"\u003eSuzlon\u0026#8217;s Share Price Band Revised Downwards By Exchanges\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe primary destinations for Apple\u0026#8217;s exports from India are Europe, West Asia and the US. The US, in particular, has seen a significant increase in smartphone imports from India, primarily iPhones. In FY19, India\u0026#8217;s smartphone exports to the US stood at $5.23 million (around ₹44.15 crore) and in FY24, the number reached $5.56 billion (around ₹46,943 crore).\u003c/p\u003e\n\n\n\n\u003cp\u003eIndia\u0026#8217;s smartphone exports is now the second largest exported product to US behind diamonds. \u003c/p\u003e\n\n\n\n\u003cp\u003eApple is reportedly looking to produce \u003ca href=\"https://in.benzinga.com/news/24/11/41891452/apples-charts-34b-india-course-as-it-looks-to-produce-over-a-third-of-all-global-iphones-in-the-coun\"\u003e26% of the total iPhone production value\u003c/a\u003e in India by 2026. One of the most valuable listed companies in the world also recently started its\u003ca href=\"https://in.benzinga.com/news/24/11/41863192/apple-looks-beyond-iphones-launches-first-r-d-subsidiary-in-india\"\u003e first research and development subsidiary\u003c/a\u003e in India.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41961140/tata-motors-demerger-tata-sons-said-to-establish-holding-company-for-demerged-entities\"\u003eTata Motors Demerger: Tata Sons Said To Establish Holding Company For Demerged Entities\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/ananthucu-benzinga-com\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Ananthu CU\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":57,"vid":1,"name":"News"},{"tid":6,"vid":1,"name":"Tech"},{"tid":18467,"vid":1,"name":"General"}],"created":"2024-11-14T03:51:20Z","createdAt":"2024-11-14T03:51:20Z","id":41961353,"image":"https://www.benzinga.com/files/images/story/2024/11/13/San-Francisco--Usa---Oct-5--2015-Apple-S.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":646702,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":41961353,"stocks":[],"storyId":"673573b8d149ec00010d4ed0","tags":[{"tid":17302,"vid":3,"name":"Apple"}],"teaser":"\nApple\u0026#39;s iPhone exports from India have hit a new high of $7 billion in the first 7 months of the current fiscal year, with the US being a major destination. This follows Apple\u0026#39;s relocation to India and production of higher-value models. ","teaserText":"\nApple\u0026#39;s iPhone exports from India have hit a new high of $7 billion in the first 7 months of the current fiscal year, with the US being a major destination. This follows Apple\u0026#39;s relocation to India and production of higher-value models. ","tickers":[],"title":"Apple\u0026#39;s iPhone Exports From India Reach Record $7B In 7 Months","updated":"2024-11-14T03:51:20Z","updatedAt":"2024-11-14T03:51:20Z","url":"https://in.benzinga.com/news/24/11/41961353/apples-iphone-exports-from-india-reach-record-7b-in-7-months"}]}]},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","deviceType":"desktop","userAgent":"Mozilla/5.0 (compatible; YandexBot/3.0; +http://yandex.com/bots) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/108.0.0.0","type":"default"},{"blockName":"acf/carousel-news","attrs":{"name":"acf/carousel-news","data":{"title":"Infographics","link":"https://in.benzinga.com/infographics","variant":"reverse","layout":"india","options":{"show_arrows_only_on_overflow":false,"slides_per_page":"","height":"197","width":"300","object_fit":"cover","title_case":true,"background_color":""},"query_and_options":{"options":{"displayOutput":"full","limit":12,"type":"benzinga_wire_india"},"query":{"tags":[42983],"channelAndTagQueryOperator":"and"}},"default_image":null,"initialItems":[{"href":"https://in.benzinga.com/markets/equities/24/11/41964378/how-much-loss-did-new-age-tech-companies-make-per-minute-in-fy24","id":41964378,"image":"https://cdn.benzinga.com/files/images/story/2024/11/14/Losses-per-min-part2-1.png","isBzPost":true,"isBzProPost":true,"title":"How Much Loss Did New Age Tech Companies Make Per Minute In FY24?"},{"href":"https://in.benzinga.com/markets/equities/24/11/41928830/swiggy-delivers-bumper-returns-to-early-investors-who-sold-during-ipo","id":41928830,"image":"https://cdn.benzinga.com/files/images/story/2024/11/12/swiggy-ipo-update6.png","isBzPost":true,"isBzProPost":true,"title":"Swiggy Delivers Bumper Returns To Early Investors Who Sold During IPO"},{"href":"https://in.benzinga.com/news/earnings/24/11/41872857/tata-motors-biggest-markets","id":41872857,"image":"https://cdn.benzinga.com/files/images/story/2024/11/11/Tata-Motors-post-1.png","isBzPost":true,"isBzProPost":true,"title":"Tata Motors\u0026#39; Biggest Markets"},{"href":"https://in.benzinga.com/markets/equities/24/11/41796687/swiggy-vs-zomato-breakdown-of-fy24-revenue","id":41796687,"image":"https://cdn.benzinga.com/files/images/story/2024/11/08/zomato-vs-swiggy1-2.png","isBzPost":true,"isBzProPost":true,"title":"Swiggy Vs Zomato: Breakdown Of FY24 Revenue"},{"href":"https://in.benzinga.com/markets/equities/24/11/41735561/indias-most-successful-ipos-so-far-tata-tech-at-no-2","id":41735561,"image":"https://cdn.benzinga.com/files/images/story/2024/11/08/top-10-ipo3-updated-new-1.png","isBzPost":true,"isBzProPost":true,"title":"India\u0026#39;s Most Successful IPOs So Far: Tata Tech At No. 4"},{"href":"https://in.benzinga.com/markets/equities/24/10/41481009/tata-vs-ambani-comparing-multibillion-dollar-empires","id":41481009,"image":"https://cdn.benzinga.com/files/images/story/2024/11/08/tata-vs-adani-1.png","isBzPost":true,"isBzProPost":true,"title":"Tata vs. Adani: Comparing Multibillion-Dollar Empires"},{"href":"https://in.benzinga.com/markets/equities/24/10/41397549/the-india-premium-stocks-listed-in-the-country-are-valued-higher-than-their-parents","id":41397549,"image":"https://cdn.benzinga.com/files/images/story/2024/11/08/foreing-and-indian-comp-updated.png","isBzPost":true,"isBzProPost":true,"title":"The Indian Premium: Global Giants Get Valuation Boost In Indian Share Market"},{"href":"https://in.benzinga.com/markets/equities/24/10/41350897/tata-family-tree","id":41350897,"image":"https://cdn.benzinga.com/files/images/story/2024/11/08/Tata-family-tree-updated-1024x1024.png","isBzPost":true,"isBzProPost":true,"title":"Tata Family Tree"},{"href":"https://in.benzinga.com/24/10/41220684/indias-top-10-asset-management-companies","id":41220684,"image":"https://cdn.benzinga.com/files/images/story/2024/11/08/Top-10-Asset-Management-companies-in-Ind.png","isBzPost":true,"isBzProPost":true,"title":"India\u0026#39;s Top 10 Asset Management Companies"},{"href":"https://in.benzinga.com/economics/macro-economic-events/24/09/41061691/india-now-ranked-3rd-most-powerful-nation-in-asia-power-index","id":41061691,"image":"https://cdn.benzinga.com/files/images/story/2024/11/08/Power-distribution-across-the-Asia-pacif.png","isBzPost":true,"isBzProPost":true,"title":"India Now Ranked 3rd-Most Powerful Nation In Asia Power Index"},{"href":"https://in.benzinga.com/24/09/41039407/how-much-do-indian-celebs-make-from-ipos","id":41039407,"image":"https://cdn.benzinga.com/files/images/story/2024/11/08/top-celebs-ipos.png","isBzPost":true,"isBzProPost":true,"title":"How Much Do Indian Celebs Make From IPOs?"},{"href":"https://in.benzinga.com/content/40702946/which-is-the-best-month-to-invest-in-the-nifty","id":40702946,"image":"https://cdn.benzinga.com/files/images/story/2024/10/23/Stock-Market-Chart.jpeg","isBzPost":true,"isBzProPost":true,"title":"Which Is The Best Month To Invest In The Nifty?"}]},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","deviceType":"desktop","userAgent":"Mozilla/5.0 (compatible; YandexBot/3.0; +http://yandex.com/bots) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/108.0.0.0"},{"blockName":"acf/news-list-group","attrs":{"name":"acf/news-list-group","data":{"groups":[{"title":"Benzinga Inspire","title_case":true,"link":"https://in.benzinga.com/topic/benzinga-inspire","style":"","type":"default","loadMoreButton":false,"showSponsoredContent":false,"query_and_options":{"options":{"displayOutput":"full","limit":4,"type":"benzinga_wire_india"},"query":{"channels":[],"tags":[886981],"channelAndTagQueryOperator":"and"}},"query":{"displayOutput":"full","limit":4,"type":"benzinga_wire_india","channels":[],"tags":[886981],"channelAndTagQueryOperator":"and"},"parsely_query":{"limit":"","author":"","tag":""},"reachContent":{"placementIndex":3,"repeatIndex":5},"nodes":[{"assets":[{"type":"image","title":"Blend The Sauce","alt":"Blend The Sauce","source":"Image via Flickr","mime":"","primary":true,"attributes":{"fid":"898192","filename":"Blend-The-Sauce.jpeg","filepath":"files/images/story/2024/11/12/Blend-The-Sauce.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Nivedita Hazra","body":"\u003cp\u003eIf you like to add ketchup to all of your snacks, you have most likely come across this brand that supplies pouches of dips to several fast-food outlets in India. \u003cstrong\u003eVeeba\u003c/strong\u003e has grown to be one of the famous brands in India that sell several dips, ranging from the classic mayonnaise to pasta and pizza sauce.\u003c/p\u003e\n\n\n\n\u003cp\u003eWhen talking about mayonnaise, another famous brand that may come to mind is \u003cstrong\u003eDr. Oetker\u0026#8217;s FunFoods\u003c/strong\u003e. What\u0026#8217;s interesting is that both these brands trace their history to the same family.\u003c/p\u003e\n\n\n\n\u003cp\u003eIn 2013 \u003cstrong\u003eViraj Bahl\u003c/strong\u003e found Veeba while he was undergoing acute financial pressure. Although that was the beginning of his success story, Bahl had his fair share of struggles.\u003c/p\u003e\n\n\n\n\u003cp\u003eViraj began his professional journey in 2002 by joining his family's food processing business. His family was the original owner of FunFoods, which they later sold to Dr. Oetker. After six successful years, he and his father, Rajiv Bahl, sold FunFoods to the German brand in 2008 for a reported sum of ₹110 crore.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/general/24/10/41186146/this-iitian-left-his-job-at-amazon-to-build-his-own-brand-which-is-now-backed-by-ratan-tata\"\u003eThis IITian Left His Job At Amazon To Build His Own Brand Which Is Now Backed By Ratan Tata\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eAfter the sale, in 2009, Viraj decided to take a bold leap into the restaurant business, driven by a passion for the food industry and a desire to diversify his entrepreneurial ventures. However, his new venture didn't unfold as planned. \u003c/p\u003e\n\n\n\n\u003cp\u003eDespite his best efforts, the restaurant struggled to attract customers, and by 2013, the business was grappling with persistently low foot traffic. This decline in customer numbers put considerable financial pressure on Viraj, forcing him to reevaluate his approach and explore new solutions to overcome the challenges he faced.\u003c/p\u003e\n\n\n\n\u003cp\u003eThat\u0026#8217;s when he took a bold and risky decision to sell his house in order to fund a fresh venture in the food processing industry. He then took his first step towards veer by setting up operations out of a small facility in Neemrana, a town located in Rajasthan. This marked the start of his journey to re-establish himself in the industry, armed with valuable lessons learned from his previous experiences and a renewed sense of determination.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe brand initially only focused on business-to-business (B2B) sales. Although the first few months saw minimal demand, it eventually picked pace as the company attracted large orders from top fast food chains. At present, B2B sales reportedly account for 8% of Veeba's revenue, with an impressive client base of firms like including Domino\u0026#8217;s, Burger King, Pizza Hut and KFC.\u003c/p\u003e\n\n\n\n\u003cp\u003eVeeba now offers over 300 stock keeping units (SKUs) and has built an extensive distribution network that spans more than 700 cities across India. The company has also expanded into international markets, including Australia, Singapore, China, and the US. \u003c/p\u003e\n\n\n\n\u003cp\u003eIn an industry flooded with numerous options, Veeba has managed to carve out its own niche, a feat made possible by Bahl\u0026#8217;s willingness to face risks.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/24/09/41080944/from-8-000-to-800-cr-how-this-entrepreneur-turned-her-passion-into-one-of-indias-most-popular-ethnic\"\u003eFrom ₹8,000 To ₹800 Cr: How This Entrepreneur Turned Her Passion Into One Of India\u0026#8217;s Most Popular Ethnic Brands\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":38926,"vid":1,"name":"Success Stories"},{"tid":2,"vid":1,"name":"Markets"}],"created":"2024-11-12T15:38:44Z","createdAt":"2024-11-12T15:38:44Z","id":41908020,"image":"https://www.benzinga.com/files/images/story/2024/11/12/Blend-The-Sauce.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":637429,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":41908020,"stocks":[],"storyId":"67337684ee16f30001927a6c","tags":[{"tid":886981,"vid":3,"name":"Benzinga Inspire"}],"teaser":"Viraj began his professional journey in 2002 by joining his family\u0026#39;s food processing business. His family was the original owner of FunFoods, which they later sold to Dr. Oetker.","teaserText":"Viraj began his professional journey in 2002 by joining his family\u0026#39;s food processing business. His family was the original owner of FunFoods, which they later sold to Dr. Oetker.","tickers":[],"title":"The Secret Sauce For Veeba\u0026#39;s Success: How Viraj Bahl Build The Company From Ground Up After Selling His Family Business","updated":"2024-11-12T15:38:44Z","updatedAt":"2024-11-12T15:38:44Z","url":"https://in.benzinga.com/markets/equities/24/11/41908020/the-secret-sauce-for-veebas-success-how-viraj-bahl-build-the-company-from-ground-up-after-sellin"},{"assets":[{"type":"image","title":"Symbol Of Romance","alt":"Symbol Of Romance","source":"Image via Shutterstock","mime":"","primary":true,"attributes":{"fid":"883079","filename":"Symbol-Of-Romance.jpeg","filepath":"files/images/story/2024/10/04/Symbol-Of-Romance.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Nivedita Hazra","body":"\u003cp\u003e\u003cstrong\u003eGaurav Singh Kushwaha \u003c/strong\u003ewas in his early 20s when he founded his first start-up but about five years later, as Kushwaha ventured into his new endeavour, he had little idea that his brand would be backed by the industry\u0026#8217;s bigwigs.\u003c/p\u003e\n\n\n\n\u003cp\u003eKushwaha attended the prestigious \u003cstrong\u003eIndian Institute of Technology\u003c/strong\u003e where he pursued his bachelor\u0026#8217;s degree. He went on to work as a software engineer and eventually bagged a position at \u003cstrong\u003eAmazon\u003c/strong\u003e. In 2006, Kushwaha left his job at Amazon to start his first business, \u003cstrong\u003eChakpak\u003c/strong\u003e, a platform for movie reviews where people could engage and debate with one another. Within three years, it reportedly grew to become one of the top 50 websites in the country.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/24/09/41080944/from-8-000-to-800-cr-how-this-entrepreneur-turned-her-passion-into-one-of-indias-most-popular-ethnic\"\u003eFrom ₹8,000 To ₹800 Cr: How This Entrepreneur Turned Her Passion Into One Of India\u0026#8217;s Most Popular Ethnic Brands\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eIn 2011, when he was just 27, Kushwaha founded the jewellery brand \u003cstrong\u003eBlueStone\u003c/strong\u003e. The Bengaluru-based company was fortunate to secure a personal investment from renowned Indian businessman \u003cstrong\u003eRatan Tata\u003c/strong\u003e. \u003c/p\u003e\n\n\n\n\u003cp\u003eIt was during this time that Tata offered Khushwaha vital advice: to concentrate on delivering value for customers and to strive for excellence in product, service, and company culture. Tata expressed a keen interest in the online segment of the business and said that if these elements are managed effectively, customers will develop trust and a connection with the company.\u003c/p\u003e\n\n\n\n\u003cp\u003ePresently, the brand also counts \u003cstrong\u003eZerodha\u003c/strong\u003e co-founder \u003cstrong\u003eNikhil Kamath\u003c/strong\u003e,\u003cstrong\u003e Zomato\u003c/strong\u003e founder and CEO \u003cstrong\u003eDeepinder\u003c/strong\u003e \u003cstrong\u003eGoyal\u003c/strong\u003e and \u003cstrong\u003eCarDekho\u003c/strong\u003e founder and CEO \u003cstrong\u003eAmit Jain\u003c/strong\u003e among its investors. \u003c/p\u003e\n\n\n\n\u003cp\u003eEarlier this year, reports said that the company is planning to raise around ₹2,000 crore through an initial public offering. With this, it stands to compete against established players like Titan, Kalyan Jewellers and many more\u003cbr\u003e\u003cbr\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/general/24/09/41047215/how-this-iitian-took-on-global-fast-food-giants-with-indias-favorite-dish\"\u003eHow This IITian Took On Global Fast Food Giants With India\u0026#8217;s Favorite Dish\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":18467,"vid":1,"name":"General"}],"created":"2024-10-04T14:21:46Z","createdAt":"2024-10-04T14:21:46Z","id":41186146,"image":"https://www.benzinga.com/files/images/story/2024/10/04/Symbol-Of-Romance.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":true,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"post_id":580277,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":41186146,"stocks":[],"storyId":"66fff9fa020b5d000142fd93","tags":[{"tid":20108,"vid":3,"name":"Amazon"},{"tid":886981,"vid":3,"name":"Benzinga Inspire"},{"tid":808732,"vid":3,"name":"Bluestone"},{"tid":539850,"vid":3,"name":"Ratan Tata"}],"teaser":"Presently, the brand also counts Zerodha co-founder Nikhil Kamath, Zomato founder and CEO Deepinder Goyal and CarDekho founder and CEO Amit Jain among its investors.","teaserText":"Presently, the brand also counts Zerodha co-founder Nikhil Kamath, Zomato founder and CEO Deepinder Goyal and CarDekho founder and CEO Amit Jain among its investors.","tickers":[],"title":"This IITian Left His Job At Amazon To Build His Own Brand Which Is Now Backed By Ratan Tata","updated":"2024-10-04T14:21:46Z","updatedAt":"2024-10-04T14:21:46Z","url":"https://in.benzinga.com/general/24/10/41186146/this-iitian-left-his-job-at-amazon-to-build-his-own-brand-which-is-now-backed-by-ratan-tata"},{"assets":[{"type":"image","title":"cloth store","alt":"cloth store","source":"generated using DALL-E","mime":"","primary":true,"attributes":{"fid":"881358","filename":"cloth-store.png","filepath":"files/images/story/2024/09/29/cloth-store.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Nivedita Hazra","body":"\u003cp\u003e\u003cstrong\u003eBIBA\u003c/strong\u003e is a brand name that\u0026#8217;s known to many for their positioning in the ethnic apparel market. While many new competitors sprung up in the past few years, BIBA was one of the brands that popularised ethnic clothing.\u003c/p\u003e\n\n\n\n\u003cp\u003eBIBA was founded by \u003cstrong\u003eMeena Bindra\u003c/strong\u003e in 1988 whose work was also seen in famous Bollywood movies. Bindra reportedly designed outfits for veteran actor \u003cstrong\u003eAmitabh Bachchan\u003c/strong\u003e for the movie \u0026#8220;Baghban\u0026#8221; and \u003cstrong\u003eHrithik Roshan\u003c/strong\u003e int he movie \u0026#8220;Na Tum Jaano Na Hum\u0026#8221;\u0026nbsp;among others. But BIBA\u0026#8217;s success is not the beast part of the story, instead, the brand\u0026#8217;s journey is what makes it stand out.\u003c/p\u003e\n\n\n\n\u003cp\u003eNot long after Bindra graduated from Delhi University, she got getting married at the young age of 20. This early transition into married life shaped her future in ways she couldn't have anticipated.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/general/24/09/41047215/how-this-iitian-took-on-global-fast-food-giants-with-indias-favorite-dish\"\u003eHow This IITian Took On Global Fast Food Giants With India\u0026#8217;s Favorite Dish\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eYears later, when she was 40, Bindra decided to pursue her entrepreneurial dreams and started selling simple cotton-printed clothes from home. Despite having no formal training in the fashion industry, she was determined to carve out a niche for herself. \u003c/p\u003e\n\n\n\n\u003cp\u003eHowever, the journey to establish BIBA Apparels was fraught with challenges, especially since she lacked the necessary funds and didn't even have a bank account to her name. That\u0026#8217;s when her husband stepped in to support her.\u003c/p\u003e\n\n\n\n\u003cp\u003eHe helped her secure a loan of ₹8,000 from a bank, which provided the crucial startup capital needed to launch her business. This financial assistance marked the beginning of her entrepreneurial journey, setting the foundation for what would eventually become a thriving brand.\u003c/p\u003e\n\n\n\n\u003cp\u003eShe reportedly opened her first store in 2004. By March 2012, BIBA's annual revenues had reached around ₹300 crore. The brand's popularity continued to rise, and by 2023, BIBA had established itself as a significant force in the industry, boasting a revenue of over ₹800 crore.\u003c/p\u003e\n\n\n\n\u003cp\u003eIn 2015, Bindra was given the APEX lifetime achievement award, a premium award of the Indian apparel industry, given by the Clothing Manufacturers' Association of India annually.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/content/40812706/what-iim-toppers-from-the-1980s-are-doing-today\"\u003eWhat IIM Toppers From The 1980s Are Doing Today\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","channels":null,"created":"2024-09-29T04:27:00Z","createdAt":"2024-09-29T04:27:00Z","id":41080944,"image":"https://www.benzinga.com/files/images/story/2024/09/29/cloth-store.png","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":569496,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":41080944,"stocks":[],"storyId":"66f8d7179104da0001116731","tags":[{"tid":886981,"vid":3,"name":"Benzinga Inspire"}],"teaser":"When she was 40, Bindra decided to pursue her entrepreneurial dreams and started selling simple cotton-printed clothes from home.","teaserText":"When she was 40, Bindra decided to pursue her entrepreneurial dreams and started selling simple cotton-printed clothes from home.","tickers":[],"title":"From ₹8,000 To ₹800 Cr: How This Entrepreneur Turned Her Passion Into One Of India\u0026#39;s Most Popular Ethnic Brands","updated":"2024-09-29T04:59:56Z","updatedAt":"2024-09-29T04:59:56Z","url":"https://in.benzinga.com/24/09/41080944/from-8-000-to-800-cr-how-this-entrepreneur-turned-her-passion-into-one-of-indias-most-popular-ethnic"},{"assets":[{"type":"image","title":"benzingaai2023_biryani_as_a_king_of_foods_indias_most_ordered_f_9436bc8e-5d13-41db-bd62-d62f8c1454f0","alt":"benzingaai2023_biryani_as_a_king_of_foods_indias_most_ordered_f_9436bc8e-5d13-41db-bd62-d62f8c1454f0","source":"Generated Using AI via Midjourney","mime":"","primary":true,"attributes":{"fid":"880738","filename":"benzingaai2023-biryani-as-a-king-of-food.png","filepath":"files/images/story/2024/09/26/benzingaai2023-biryani-as-a-king-of-food.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Nivedita Hazra","body":"\u003cp\u003eSince the late 90s, global fast food chains like McDonald's and Burger King have dominated how Indians eat out. By 2015, while burgers and pizzas ruled, an IIT graduate saw an opportunity to reclaim India's culinary roots. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eVishal Jindal\u003c/strong\u003e started \u003cstrong\u003eBiryani By Kilo\u003c/strong\u003e in 2015 when he was 40 years old. After a successful run in hedge funds and private equity firms, where he made zero investments in any food business, Jindal wanted to step out of his comfort zone with the aim to create a pan-international brand for biryani based out of India. \u003c/p\u003e\n\n\n\n\u003cp\u003eIn a podcast, Jindal shared that he has had a risk-taking tendency which pushed him to challenge his comfortable life. If not at 40, 50 would have been too late, he remarked. Speaking about his brand, Jindal said that quality and authenticity are the two major foundational principles of Biryani By Kilo. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/content/40746455/how-this-man-went-from-spending-nights-at-a-railway-station-to-becoming-a-billionaire\"\u003eHow This Man Went From Spending Nights At A Railway Station To Becoming A Billionaire\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe company is focused on delivering fresh-cooked meals, regardless of the time required. Jindal, reflecting on the company's early days, recounted how preparing biryanis from scratch and delivering them took over an hour, making it hard to communicate this to consumers who were accustomed to fast food. \u003c/p\u003e\n\n\n\n\u003cp\u003eJindal also shed light on the trend of food delivery taking over dining in. Online food delivery is growing 1.7 to 1.8 times the food and beverage business and it will continue to grow at the same rate, the CEO believes.\u003c/p\u003e\n\n\n\n\u003cp\u003eWhen asked what is the one message he\u0026#8217;d give to his younger self, Jindal remarked that it would\u0026#8217;ve been rather difficult for him to embark on the journey had he known all the challenges. He would not change anything about his journey, the CEO said.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/content/40812706/what-iim-toppers-from-the-1980s-are-doing-today\"\u003eWhat IIM Toppers From The 1980s Are Doing Today\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":18467,"vid":1,"name":"General"}],"created":"2024-09-26T13:24:43Z","createdAt":"2024-09-26T13:24:43Z","id":41047215,"image":"https://www.benzinga.com/files/images/story/2024/09/26/benzingaai2023-biryani-as-a-king-of-food.png","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":true,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"post_id":567375,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":41047215,"stocks":[],"storyId":"66f5609a9104da000110df38","tags":[{"tid":886981,"vid":3,"name":"Benzinga Inspire"},{"tid":941373,"vid":3,"name":"Biryani By Kilo"},{"tid":17687,"vid":3,"name":"Burger King"},{"tid":20198,"vid":3,"name":"McDonald's"}],"teaser":"Speaking about his brand, Jindal said that quality and authenticity are the two major foundational principles of Biryani By Kilo. ","teaserText":"Speaking about his brand, Jindal said that quality and authenticity are the two major foundational principles of Biryani By Kilo. ","tickers":[],"title":"How This IITian Took On Global Fast Food Giants With India\u0026#39;s Favorite Dish","updated":"2024-09-26T13:24:43Z","updatedAt":"2024-09-26T13:24:43Z","url":"https://in.benzinga.com/general/24/09/41047215/how-this-iitian-took-on-global-fast-food-giants-with-indias-favorite-dish"}]},{"title":"Social Buzz","title_case":true,"link":"https://in.benzinga.com/general/social-media","style":"","type":"default","loadMoreButton":false,"showSponsoredContent":false,"query_and_options":{"options":{"displayOutput":"full","limit":4,"type":"benzinga_wire_india"},"query":{"channels":[831971],"channelAndTagQueryOperator":"and"}},"query":{"displayOutput":"full","limit":4,"type":"benzinga_wire_india","channels":[831971],"channelAndTagQueryOperator":"and"},"parsely_query":{"limit":"","author":"","tag":""},"reachContent":{"placementIndex":3,"repeatIndex":5},"nodes":[{"assets":[{"type":"image","title":"Muhurat Trading","alt":"Diwali","source":"Generated using AI via Midjourney","mime":"","primary":true,"attributes":{"fid":"893315","filename":"Muhurat-Trading.png","filepath":"files/images/story/2024/10/31/Muhurat-Trading.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga India Staff","body":"\u003cp\u003eThe White House has extended Diwali greetings, emphasising the power of coming together during the festival of lights, in a recent tweet.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened:\u003c/strong\u003e The official Twitter handle of the White House posted a tweet on Thursday, October 31, wishing everyone a happy Diwali. The tweet read, \u0026#8220;Happy Diwali from the White House! Together, may we show the power in the gathering of light.\u0026#8221;\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\u003e\u003cdiv class=\"wp-block-embed__wrapper\"\u003e\n\u003cblockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"\u003e\u003cp lang=\"en\" dir=\"ltr\"\u003eHappy Diwali from the White House! Together, may we show the power in the gathering of light. \u003ca href=\"https://t.co/IHKn2gvj5s\"\u003epic.twitter.com/IHKn2gvj5s\u003c/a\u003e\u003c/p\u003e\u0026mdash; The White House (@WhiteHouse) \u003ca href=\"https://twitter.com/WhiteHouse/status/1851323150656540983?ref_src=twsrc%5Etfw\"\u003eOctober 29, 2024\u003c/a\u003e\u003c/blockquote\u003e\u003cscript async src=\"https://platform.twitter.com/widgets.js\" charset=\"utf-8\"\u003e\u003c/script\u003e\n\u003c/div\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eThe White House Military Band also played the instrumental version of the song \u0026#8220;Om Jai Jagdeesh Hare\u0026#8221; as shown by a tweet from \u003cstrong\u003eGita Gopinath\u003c/strong\u003e, the first deputy managing director of the International Monetary Fund (IMF).\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/10/41644664/tata-motors-shares-continue-slump-as-analyst-expects-muted-volumes-in-october\"\u003eTata Motors Shares Continue Slump As Analyst Expects Muted Volumes In October\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\u003e\u003cdiv class=\"wp-block-embed__wrapper\"\u003e\n\u003cblockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"\u003e\u003cp lang=\"en\" dir=\"ltr\"\u003eWonderful to hear the White House military band play Om Jai Jagdeesh Hare for Diwali. Happy Diwali \u0026#x1fa94; \u003ca href=\"https://t.co/lJwOrCOVpo\"\u003epic.twitter.com/lJwOrCOVpo\u003c/a\u003e\u003c/p\u003e\u0026mdash; Gita Gopinath (@GitaGopinath) \u003ca href=\"https://twitter.com/GitaGopinath/status/1851845494340714528?ref_src=twsrc%5Etfw\"\u003eOctober 31, 2024\u003c/a\u003e\u003c/blockquote\u003e\u003cscript async src=\"https://platform.twitter.com/widgets.js\" charset=\"utf-8\"\u003e\u003c/script\u003e\n\u003c/div\u003e\u003cfigcaption class=\"wp-element-caption\"\u003eIndia celebrates Diwali on November 1. The Indian stock market will be closed for day trading on Friday while the \u003ca href=\"https://in.benzinga.com/web-stories/diwalis-muhurat-trading-tradition?ref=benzinga#\"\u003eMuhurat trading will be conducted in the evening\u003c/a\u003e from 6 p.m. onwards.\u003c/figcaption\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/10/41644724/cipla-skyrockets-over-8-after-dodging-major-u-s-regulatory-hurdle-paving-way-for-much-awaited-dr\"\u003eCipla Skyrockets Over 8% After Dodging Major U.S. Regulatory Hurdle, Paving Way For Much-Awaited Drug Launch\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/ananthucu-benzinga-com\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Ananthu CU\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":57,"vid":1,"name":"News"},{"tid":831971,"vid":1,"name":"Social Media","description":"Social Media"},{"tid":2,"vid":1,"name":"Markets"},{"tid":5,"vid":1,"name":"Media"}],"created":"2024-10-31T06:33:37Z","createdAt":"2024-10-31T06:33:37Z","id":41644943,"image":"https://www.benzinga.com/files/images/story/2024/10/31/Muhurat-Trading.png","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":623240,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":41644943,"stocks":[],"storyId":"672324c373ad6100010cb320","tags":[{"tid":913359,"vid":3,"name":"Diwali"},{"tid":913360,"vid":3,"name":"Muhurat Trading"}],"teaser":"White House wishes Happy Diwali and highlights power of unity in light. Gita Gopinath shares video of White House playing instrumental version of Om Jai Jagdeesh Hare","teaserText":"White House wishes Happy Diwali and highlights power of unity in light. Gita Gopinath shares video of White House playing instrumental version of Om Jai Jagdeesh Hare","tickers":[],"title":"Watch: White House Military Band Plays \u0026#39;Om Jai Jagdeesh Hare\u0026#39; For Diwali Celebrations","updated":"2024-10-31T06:45:24Z","updatedAt":"2024-10-31T06:45:24Z","url":"https://in.benzinga.com/news/24/10/41644943/white-house-extends-diwali-greetings-highlights-unity-in-festive-season"},{"assets":[{"type":"image","title":"Disney+ Hotstar","alt":"Disney+ Hotstar","source":"Image: Shutterstock - Oasishifi","mime":"","primary":true,"attributes":{"fid":"890050","filename":"Disney-Hotstar.jpeg","filepath":"files/images/story/2024/10/24/Disney-Hotstar.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga India Staff","body":"\u003cp\u003eAn executive from \u003cstrong\u003eReliance Industries\u003c/strong\u003e declined the offer to buy the domain name \u0026#8220;JioHotstar.com\u0026#8221; from a Delhi-based app developer, the techie wrote on the website. The developer had anticipated the sale to finance his tuition fees for an EMBA program.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened:\u003c/strong\u003e The app developer, who had acquired the domain name in 2023, speculated that Reliance might acquire \u003cstrong\u003eDisney+ Hotstar\u003c/strong\u003e and rebrand it as JioHotstar, akin to the JioSaavn rebranding. \u003c/p\u003e\n\n\n\n\u003cp\u003eHe believed the domain name would be an apt brand name for the merged entity, preserving the brand equity of both brands and ensuring a smooth transition for the current users of both sites.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-large\"\u003e\u003cimg decoding=\"async\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24055551/Screenshot-2024-10-24-at-3.25.25%E2%80%AFPM-1024x709.png\" alt=\"\" class=\"wp-image-611596\"/\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/news/earnings/24/10/41509749/acc-reports-48-drop-in-q2-profit-at-200-cr-shares-slip\" target=\"_blank\" rel=\"noreferrer noopener\"\u003e\u003c/a\u003e\u003ca href=\"https://in.benzinga.com/news/earnings/24/10/41509749/acc-reports-48-drop-in-q2-profit-at-200-cr-shares-slip\"\u003eACC Reports 48% Drop In Q2 Profit To ₹200 Cr, Shares Slip\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eHowever, as per the latest update shared by the techie on the website, Ambujesh Yadav, an executive at Reliance Industries, declined the request for £93,345 (₹1.01 crore), equivalent to the tuition fees for the EMBA program. Instead, the company has decided to take legal action. An email sent to Jio for comment on the matter was not answered at the time of publishing\u003c/p\u003e\n\n\n\n\u003cp\u003eThe developer, who had hoped that the sale of the domain would be a minor expense for a multi-billion dollar company like Reliance but a life-changing event for him, is now seeking legal help, fearing he might lose access to the domain.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/10/41509465/nvidia-ceo-jensen-huang-speaks-with-mukesh-ambani-duo-announce-partnership-to-build-ai-infrastru\"\u003eNvidia CEO Jensen Huang Meets Mukesh Ambani, Duo Announces Partnership To Build AI Infrastructure In India\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003cdiv\u003e\n \u003chr style=\"border: 0;height: 5px;background: #225aa9\"\u003e\n \u003cdiv style=\"background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center\"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif;padding-top: 20px\"\u003e\n Engineered by \u003cspan style=\"font-weight: bold;text-decoration: none;color: #225aa9;font-size: 1rem\"\u003eBenzinga Neuro\u003c/span\u003e, Edited by \u003cspan style=\"font-weight: bold;text-decoration: none;color: #225aa9;font-size: 1rem\"\u003e\n \u003cu\u003e\u003ca href=\"https://www.benzinga.com/author/utkarsh-roshan\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9;text-decoration: none\"\u003eUtkarsh Roshan\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0;height: 1px;background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif;padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you.\n \u003ca href=\"https://in.benzinga.com/author/benzinga-india-staff/ target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9;text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0;height: 5px;background: #225aa9\"\u003e\n \u003c/div\u003e\n\u003c/div\u003e","channels":[{"tid":64,"vid":1,"name":"M\u0026A"},{"tid":831971,"vid":1,"name":"Social Media","description":"Social Media"},{"tid":6,"vid":1,"name":"Tech"},{"tid":5,"vid":1,"name":"Media"},{"tid":18467,"vid":1,"name":"General"}],"created":"2024-10-24T10:30:55Z","createdAt":"2024-10-24T10:30:55Z","id":41511884,"image":"https://www.benzinga.com/files/images/story/2024/10/24/Disney-Hotstar.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":611550,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":41511884,"stocks":[],"storyId":"671a21de020b5d0001fc7dc6","tags":[{"tid":29662,"vid":3,"name":"disney"},{"tid":774533,"vid":3,"name":"Jio"},{"tid":19516,"vid":3,"name":"Reliance"}],"teaser":"An executive from Reliance Industries is said to have declined the offer to buy the domain name JioHotstar.com from a Delhi-based app developer. The developer had anticipated the sale to finance his tuition fees for an EMBA program.","teaserText":"An executive from Reliance Industries is said to have declined the offer to buy the domain name JioHotstar.com from a Delhi-based app developer. The developer had anticipated the sale to finance his tuition fees for an EMBA program.","tickers":[],"title":"Reliance Rejects Delhi Dreamer\u0026#39;s ₹1 Cr \u0026#39;JioHotstar\u0026#39; Sale Offer, Threatens Legal Action","updated":"2024-10-24T10:30:55Z","updatedAt":"2024-10-24T10:30:55Z","url":"https://in.benzinga.com/m-a/24/10/41511884/reliance-rejects-delhi-dreamers-1-cr-jiohotstar-sale-offer-threatens-legal-action"},{"assets":[{"type":"image","title":"Ola-CEO-Bhavish-Aggarwal-Endorses-Narayana-Murthys-70-Hour-Workweek-Proposal-1024x576","alt":"Ola-CEO-Bhavish-Aggarwal-Endorses-Narayana-Murthys-70-Hour-Workweek-Proposal-1024x576","source":"","mime":"","primary":true,"attributes":{"fid":"889846","filename":"Ola-CEO-Bhavish-Aggarwal-Endorses-Naraya.jpeg","filepath":"files/images/story/2024/10/23/Ola-CEO-Bhavish-Aggarwal-Endorses-Naraya.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga India Staff","body":"\u003cp\u003eIn a recent video, popular YouTuber \u003cstrong\u003eDhruv Rathee\u003c/strong\u003e called out two of India\u0026#8217;s most outspoken business leaders, Ola CEO \u003cstrong\u003eBhavish Aggarwal\u003c/strong\u003e and Infosys founder \u003cstrong\u003eNarayana Murthy\u003c/strong\u003e for glorifying excessive work hours.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened: \u003c/strong\u003eRathee especially rebuked Murthy\u0026#8217;s comment that\u0026nbsp;India's work productivity is one of the lowest in the world\u0026nbsp;and his suggestion that young Indians should \u003ca href=\"https://in.benzinga.com/content/35457291/all-work-no-play-internet-divided-over-narayana-murthys-call-for-70-hour-work-week\"\u003ecommit to\u0026nbsp;70-hour work weeks\u003c/a\u003e, both of which have drawn sharp backlash. \u003c/p\u003e\n\n\n\n\u003cp\u003eSimilarly, Rathee criticised Bhavish Aggarwal\u0026#8217;s claims that he works\u0026nbsp;20 hours a day, seven days a week,\u0026nbsp;dismissing work-life balance entirely as a Western import. Rathee also called out billionaire \u003cstrong\u003eSajjan Jindal\u003c/strong\u003e for lending his support to such statements. \u003c/p\u003e\n\n\n\n\u003cp\u003eRathee tore into these remarks, pointing out that such rhetoric encourages unhealthy practices and ignores the real issues faced by employees, like mental and physical burnout. He claimed Aggrawal\u0026#8217;s statements were untrue and challenged the businessmen to experience the gruelling conditions of their lowest-level workers for themselves for even a month. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/10/41485975/always-on-lookout-for-synergetic-acquistions-see-strong-growth-potentional-in-insurance-segment-?utm_source=benzinga_india\u0026amp;utm_campaign=partner_feed\u0026amp;utm_medium=partner_feed\u0026amp;utm_content=site\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eAlways On Lookout For Synergetic Acquistions, See Strong Growth Potentional In Insurance Segment, Says BLS E-Services\u0026#8217; COO\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"\u003e\u003cdiv class=\"wp-block-embed__wrapper\"\u003e\n\u003ciframe loading=\"lazy\" title=\"India\u0026#039;s Toxic Work Culture! \u0026#x7C; What to do? \u0026#x7C; Dhruv Rathee\" width=\"500\" height=\"281\" src=\"https://www.youtube.com/embed/QkUF28ISETU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen\u003e\u003c/iframe\u003e\n\u003c/div\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eRathee also argued that hiring more employees instead of pushing for longer hours could improve both productivity and well-being.\u003c/p\u003e\n\n\n\n\u003cp\u003eRecent statements about longer work hours and work weeks have sparked widespread criticism for promoting a toxic work culture in the country after the tragic death of 26-year-old Anna Sebastian, a Chartered Accountant who worked for Ernst \u0026amp; Young (EY) in Pune. \u003c/p\u003e\n\n\n\n\u003cp\u003eRathee took a deep dive into a letter penned by her mother, who said Anna faced immense pressure at work, leading to severe emotional and physical strain. Despite working long hours and struggling with stress, Anna passed away from cardiac arrest just four months into her job, according to the letter. \u003c/p\u003e\n\n\n\n\u003cp\u003eHer death has ignited conversations about the toll of toxic work environments, with critics pointing to leaders like Murthy and Aggarwal for perpetuating harmful ideas about overwork.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/news/earnings/24/10/41484750/hindustan-unilevers-net-profit-falls-4-to-2-612-cr-misses-estimates?utm_source=benzinga_india\u0026amp;utm_campaign=partner_feed\u0026amp;utm_medium=partner_feed\u0026amp;utm_content=site\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eHindustan Unilever\u0026#8217;s Net Profit Falls 4% To ₹2,612 Cr, Misses Estimates\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":57,"vid":1,"name":"News"},{"tid":831971,"vid":1,"name":"Social Media","description":"Social Media"},{"tid":60,"vid":1,"name":"Management"},{"tid":18467,"vid":1,"name":"General"}],"created":"2024-10-23T14:48:50Z","createdAt":"2024-10-23T14:48:50Z","id":41491402,"image":"https://www.benzinga.com/files/images/story/2024/10/23/Ola-CEO-Bhavish-Aggarwal-Endorses-Naraya.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":609872,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":41491402,"stocks":[],"storyId":"67190cea020b5d000111c711","tags":[{"tid":839929,"vid":3,"name":"Bhavish Aggarwal"},{"tid":894485,"vid":3,"name":"Narayana Murthy"}],"teaser":"Rathee challenged the businessmen to experience the gruelling conditions of their lowest-level workers for themselves for even a month.","teaserText":"Rathee challenged the businessmen to experience the gruelling conditions of their lowest-level workers for themselves for even a month.","tickers":[],"title":"YouTuber Dhruv Rathee Takes Aim At Ola\u0026#39;s Bhavish Aggarwal, Infosys\u0026#39; Narayana Murthy In Video On Toxic Work Culture","updated":"2024-10-23T17:22:06Z","updatedAt":"2024-10-23T17:22:06Z","url":"https://in.benzinga.com/news/24/10/41491402/youtuber-dhruv-rathee-takes-aim-at-olas-bhavish-aggarwal-infosys-narayana-murthy-in-video-on-toxic-w"},{"assets":[{"type":"image","title":"Ola Electric IPO","alt":"Ola Electric IPO","source":"Ola Electric IPO","mime":"","primary":true,"attributes":{"fid":"887522","filename":"Ola-Electric-IPO.jpeg","filepath":"files/images/story/2024/10/21/Ola-Electric-IPO.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Utkarsh Roshan","body":"\u003cp\u003e\u003cstrong\u003eOla Electric\u003c/strong\u003e\u0026#8216;s share price has been on a consistent downturn over the past few weeks. Shares of the company are tanking sharply today hitting an intraday low of ₹82.10 — dangerously close to its IPO issue price of ₹76.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened:\u003c/strong\u003e Earlier in the month, the company\u0026#8217;s CEO \u003cstrong\u003eBhavish Aggarwal\u003c/strong\u003e was engaged \u003ca href=\"https://in.benzinga.com/markets/equities/24/10/41200512/ola-share-price-nosedives-as-ceo-bhavish-aggarwals-twitter-war-with-comedian-causes-split-opinio\"\u003ein an ugly spat with comedian Kunal Kamra on social media platform X. \u003c/a\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe comedian took to X to highlight the growing complaints about Ola Electric\u0026#8217;s service quality, questioning the company\u0026#8217;s treatment of Indian consumers. In response, Aggarwal lashed out, offering to pay Kamra more than what he would make from his \u0026#8220;failed comedy career\u0026#8221; if he could help resolve the issues, accusing the entertainer of being paid to target the company.\u003c/p\u003e\n\n\n\n\u003cp\u003eAggarwal\u0026#8217;s response drew widespread criticism, with many disapproving of his handling of the situation. Several influencers also revealed they were approached last month to\u003ca href=\"https://in.benzinga.com/general/social-media/24/10/41197452/aaja-service-center-bahut-kaam-hai-olas-bhavish-aggarwal-tells-comedian-kunal-kamra-in-heate\"\u003e post paid tweets in support of the company.\u003c/a\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/10/41421532/can-ola-electric-shares-sink-to-below-ipo-levels-these-analysts-think-so\"\u003eCan Ola Electric Shares Sink To Below IPO Levels? These Analysts Think So\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThe Numbers\u003c/strong\u003e: Since then, the stock has ended lower in most sessions. The Ola Electric share price has gone down around 16%. The company\u0026#8217;s market cap was around ₹43,730 crore on Friday, October 4. On Monday, the company\u0026#8217;s market cap sat at around ₹36,660 crore — a drop of around ₹7,000 crore.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-full\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"450\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045810/newplot-2024-10-21T142735.987.jpeg\" alt=\"\" class=\"wp-image-604693\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045810/newplot-2024-10-21T142735.987.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21045810/newplot-2024-10-21T142735.987-300x208.jpeg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" /\u003e\u003cfigcaption class=\"wp-element-caption\"\u003e\u003cem\u003eOla Electric\u0026#8217;s share price since October 7. Data till October 18.\u003c/em\u003e\u003c/figcaption\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eSeveral factors are said to have contributed to the fall, including a moderation in the company\u0026#8217;s sales and an increase in complaints about the company\u0026#8217;s service. It has also been under some fire from regulatory agencies. \u003c/p\u003e\n\n\n\n\u003cp\u003eThe Automotive Research Association of India (ARAI) raised concerns about Ola Electric\u0026#8217;s pricing practices, specifically its failure to notify the body about a price cut for the S1 X 2 kilowatt-hour model ahead of the \"BOSS\" sale. \u003c/p\u003e\n\n\n\n\u003cp\u003eHowever, in a letter to BSE on October 15, Ola Electric said that it has responded to the letter stating that it hasn\u0026#8217;t changed the price of the S1 X 2KWh but is offering a ₹5,000 general discount and a limited \u003ca href=\"https://in.benzinga.com/markets/equities/24/10/41324349/ola-electric-refutes-price-change-allegations-after-regulatory-enquiry\"\u003e₹25,000 discount to a few customers during a festive campaign with restricted inventory.\u003c/a\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eAdditionally, the Central Consumer Protection Authority (CCPA) issued a show-cause notice to Ola Electric, accusing it of consumer rights violations, misleading \u003ca href=\"https://in.benzinga.com/markets/equities/24/10/41220626/ola-electric-shares-jump-2-despite-receiving-show-cause-notice-from-consumer-protection-watchdog\"\u003eadvertisements, and unfair trade practices\u003c/a\u003e.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action:\u003c/strong\u003e Ola Electric\u0026#8217;s share price was down 5% to trade at ₹82.43 in the late hours of trading on Monday.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/10/41422066/paytm-upbeat-ahead-of-q2-results-even-as-analysts-expect-losses-to-climb-up\"\u003ePaytm Upbeat Ahead Of Q2 Results Even As Analysts Expect Losses To Climb Up\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":831971,"vid":1,"name":"Social Media","description":"Social Media"},{"tid":2,"vid":1,"name":"Markets"},{"tid":18467,"vid":1,"name":"General"}],"created":"2024-10-21T09:10:31Z","createdAt":"2024-10-21T09:10:31Z","id":41422437,"image":"https://www.benzinga.com/files/images/story/2024/10/21/Ola-Electric-IPO.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":604602,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":41422437,"stocks":[],"storyId":"67161a98020b5d000110b564","tags":[{"tid":29684,"vid":3,"name":"electric vehicles"},{"tid":839930,"vid":3,"name":"Ola Electric"}],"teaser":"Ola Electric\u0026#39;s share price has been on a consistent downturn over the past few weeks. Shares of the company are tanking sharply today hitting an intraday low of ₹82.10 — dangerously close to its IPO issue price of ₹76.","teaserText":"Ola Electric\u0026#39;s share price has been on a consistent downturn over the past few weeks. Shares of the company are tanking sharply today hitting an intraday low of ₹82.10 — dangerously close to its IPO issue price of ₹76.","tickers":[],"title":"Cost Of A Tweet? Ola Electric Has Lost ₹7,000 Cr In MCap Since Bhavish Aggarwal-Kunal Kamra Spat","updated":"2024-10-21T09:35:50Z","updatedAt":"2024-10-21T09:35:50Z","url":"https://in.benzinga.com/markets/equities/24/10/41422437/cost-of-a-tweet-ola-electric-has-lost-7-000-cr-in-mcap-since-bhavish-aggarwal-kunal-kamra-spat"}]}]},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","deviceType":"desktop","userAgent":"Mozilla/5.0 (compatible; YandexBot/3.0; +http://yandex.com/bots) AppleWebKit/537.36 (KHTML, like Gecko) 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News","contentId":"","link":"","limit":6,"channelAndTagQueryOperator":"and","poolLatest":false,"loadMore":false,"loadMoreButton":false,"loadMoreDevice":false,"showCommentCount":false,"isInfinite":false,"raptiveAdPlacementIndex":null,"query":{"displayOutput":"full","limit":6,"type":"benzinga_wire_india","excludeAutomated":true,"excludeSponsored":true,"channelAndTagQueryOperator":"and"},"nodes":[{"assets":[{"type":"image","title":"Stock,Crash,Market,Exchange,Loss,Trading,Graph,Analysis,Investment,Indicator","alt":"Stock,Crash,Market,Exchange,Loss,Trading,Graph,Analysis,Investment,Indicator","source":"","mime":"","primary":true,"attributes":{"fid":"899666","filename":"Stock-Crash-Market-Exchange-Loss-Trading.jpeg","filepath":"files/images/story/2024/11/18/Stock-Crash-Market-Exchange-Loss-Trading.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga Neuro","body":"\u003cp\u003eOn Monday Nifty 50 fell 0.34% to 23,453.80. 21 stocks gained while 29 declined.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-full\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"450\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054049/newplot-24.jpeg\" alt=\"\" class=\"wp-image-652614\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054049/newplot-24.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054049/newplot-24-300x208.jpeg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eHindalco\u003c/strong\u003e emerged as the star performer with a 3.78% jump, closing at ₹651.05. The stock had closed at ₹627.35 in the previous trading session.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-full\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"450\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054330/newplot-25.jpeg\" alt=\"\" class=\"wp-image-652618\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054330/newplot-25.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18054330/newplot-25-300x208.jpeg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003eFollowing closely was \u003cstrong\u003eHero MotoCorp\u003c/strong\u003e, which saw a 2.80% surge, ending the day at ₹4733.00, up from its last close of ₹4604.00.\u003c/p\u003e\n\n\n\n\u003ch4 class=\"wp-block-heading\"\u003eTop Gainers\u003c/h4\u003e\n\n\n\n\u003cfigure class=\"wp-block-table\"\u003e\u003ctable\u003e\u003cthead\u003e\u003ctr\u003e\u003cth\u003eStock\u003c/th\u003e\u003cth\u003eCurrent Price\u003c/th\u003e\u003cth\u003eLast Close\u003c/th\u003e\u003cth\u003e% Change\u003c/th\u003e\u003c/tr\u003e\u003c/thead\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eHindalco\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹651.05\u003c/td\u003e\u003ctd\u003e₹627.35\u003c/td\u003e\u003ctd\u003e3.78%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eHero MotoCorp\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹4733.00\u003c/td\u003e\u003ctd\u003e₹4604.00\u003c/td\u003e\u003ctd\u003e2.80%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eTata Steel\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹141.21\u003c/td\u003e\u003ctd\u003e₹137.98\u003c/td\u003e\u003ctd\u003e2.34%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eM\u0026amp;M\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹2846.90\u003c/td\u003e\u003ctd\u003e₹2807.20\u003c/td\u003e\u003ctd\u003e1.41%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eHindustan Unilever\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹2422.90\u003c/td\u003e\u003ctd\u003e₹2389.20\u003c/td\u003e\u003ctd\u003e1.41%\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eTata Steel\u003c/strong\u003e also had a good run, with a 2.34% increase, closing at ₹141.21. The stock had ended the previous session at ₹137.98.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eM\u0026amp;M\u003c/strong\u003e and \u003cstrong\u003eHindustan Unilever\u003c/strong\u003e rounded off the top five gainers, with a 1.41% rise each. M\u0026amp;M closed at ₹2846.90, while Hindustan Unilever ended the day at ₹2422.90.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also:\u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030455/should-you-subscribe-to-ntpc-green-energy-ipo-check-analysts-calls-latest-gmp\"\u003e Should You Subscribe To NTPC Green Energy IPO? Check Analysts\u0026#8217; Calls, Latest GMP\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eOn the flip side, \u003cstrong\u003eTCS\u003c/strong\u003e was the biggest loser, shedding 3.05% to close at ₹4019.50. The IT giant had closed at ₹4145.90 in the previous session.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-image size-full\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"650\" height=\"450\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18055440/newplot-26.jpeg\" alt=\"\" class=\"wp-image-652627\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18055440/newplot-26.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18055440/newplot-26-300x208.jpeg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" /\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eBPCL\u003c/strong\u003e followed suit, with a 3.02% drop, closing at ₹289.20. The stock had ended the previous session at ₹298.20.\u003c/p\u003e\n\n\n\n\u003ch4 class=\"wp-block-heading\"\u003eTop Losers\u003c/h4\u003e\n\n\n\n\u003cfigure class=\"wp-block-table\"\u003e\u003ctable\u003e\u003cthead\u003e\u003ctr\u003e\u003cth\u003eStock\u003c/th\u003e\u003cth\u003eCurrent Price\u003c/th\u003e\u003cth\u003eLast Close\u003c/th\u003e\u003cth\u003e% Change\u003c/th\u003e\u003c/tr\u003e\u003c/thead\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eTCS\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹4019.50\u003c/td\u003e\u003ctd\u003e₹4145.90\u003c/td\u003e\u003ctd\u003e-3.05%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eBPCL\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹289.20\u003c/td\u003e\u003ctd\u003e₹298.20\u003c/td\u003e\u003ctd\u003e-3.02%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eInfosys\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹1811.45\u003c/td\u003e\u003ctd\u003e₹1864.55\u003c/td\u003e\u003ctd\u003e-2.85%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eDr. Reddy\u0026#8217;s\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹1193.55\u003c/td\u003e\u003ctd\u003e₹1226.70\u003c/td\u003e\u003ctd\u003e-2.70%\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eTrent\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e₹6301.65\u003c/td\u003e\u003ctd\u003e₹6463.00\u003c/td\u003e\u003ctd\u003e-2.50%\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003c/figure\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eInfosys\u003c/strong\u003e also had a rough day, with a 2.85% decrease, closing at ₹1811.45. The stock had closed at ₹1864.55 in the last session.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eDr. Reddy\u0026#8217;s\u003c/strong\u003e and \u003cstrong\u003eTrent\u003c/strong\u003e completed the list of top five losers, with a 2.70% and 2.50% fall respectively. Dr. Reddy\u0026#8217;s closed at ₹1193.55, while Trent ended the day at ₹6301.65.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42030973/ntpc-and-ongc-join-hands-to-establish-a-green-energy-venture-ongpl\"\u003eNTPC And ONGC Join Hands To Establish A Green Energy Venture \u0026#8216;ONGPL\u0026#8217;\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/ananthucu-benzinga-com\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Ananthu CU\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":2,"vid":1,"name":"Markets"},{"tid":24,"vid":1,"name":"Movers"}],"created":"2024-11-18T11:05:49Z","createdAt":"2024-11-18T11:05:49Z","id":42031786,"image":"https://www.benzinga.com/files/images/story/2024/11/18/Stock-Crash-Market-Exchange-Loss-Trading.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652612,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42031786,"stocks":[],"storyId":"673b1f8cd149ec00010e6681","tags":[{"tid":22105,"vid":3,"name":"Gainers And Losers"},{"tid":850872,"vid":3,"name":"Nifty 50"}],"teaser":"Nifty 50 fell 0.34% to 23,453.80. Hindalco emerged as top performer with a 3.78% jump, while TCS was the biggest loser with a 3.05% fall.","teaserText":"Nifty 50 fell 0.34% to 23,453.80. Hindalco emerged as top performer with a 3.78% jump, while TCS was the biggest loser with a 3.05% fall.","tickers":[],"title":"TCS Top Loser As Nifty Continues Slide","updated":"2024-11-18T11:05:49Z","updatedAt":"2024-11-18T11:05:49Z","url":"https://in.benzinga.com/markets/equities/24/11/42031786/tcs-top-loser-as-nifty-continues-slide"},{"assets":[{"type":"image","title":"NTPC","alt":"NTPC","source":"NTPC. Photo by Nikola Johnny Mirkovic on Unsplash.","mime":"","primary":true,"attributes":{"fid":"899662","filename":"NTPC.jpeg","filepath":"files/images/story/2024/11/18/NTPC.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Ananthu C U","body":"\u003cp\u003e\u003cstrong\u003eNTPC\u003c/strong\u003e and \u003cstrong\u003eOil and Natural Gas Corporation\u003c/strong\u003e (ONGC) have come together to form a new company, \u0026#8220;ONGC NTPC GREEN PRIVATE LIMITED\u0026#8221; (ONGPL), aimed at developing renewable energy projects.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened:\u003c/strong\u003e As per a regulatory filing, ONGPL is a 50:50 joint venture between NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, and ONGC Green Limited (OGL), a wholly-owned subsidiary of ONGC.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also:\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42030459/rvnl-secures-loa-for-294-94-cr-contract-from-south-central-railway\"\u003e RVNL Secures LoA For ₹294.94 Cr Contract From South Central Railway\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe joint venture\u0026#8217;s primary objective is to explore and establish renewable energy projects and assets through greenfield development and acquisitions. It will also evaluate the feasibility of offshore wind projects, among other related activities.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe Ministry of Power (MoP), Government of India, had previously approved the formation of this joint venture. The new company\u0026#8217;s authorized share capital is ₹10 Lakh, with an equal amount subscribed and paid up.\u003c/p\u003e\n\n\n\n\u003cp\u003eONGPL will operate in the renewable energy sector, exploring opportunities in storage, E-mobility, and ESG (Environmental, Social, and Governance) compliant projects. It will also investigate opportunities related to carbon credits and green credits for low-carbon transition.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030455/should-you-subscribe-to-ntpc-green-energy-ipo-check-analysts-calls-latest-gmp\"\u003eShould You Subscribe To NTPC Green Energy IPO? Check Analysts\u0026#8217; Calls, Latest GMP\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/ananthucu-benzinga-com\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Ananthu CU\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":2,"vid":1,"name":"Markets"}],"created":"2024-11-18T10:05:53Z","createdAt":"2024-11-18T10:05:53Z","id":42030973,"image":"https://www.benzinga.com/files/images/story/2024/11/18/NTPC.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652543,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42030973,"stocks":[],"storyId":"673b1180d149ec00010e635f","tags":[{"tid":912008,"vid":3,"name":"NTPC"},{"tid":45036,"vid":3,"name":"ONGC"}],"teaser":"ONGPL, a joint venture between NTPC and ONGC, was formed to develop renewable energy projects, including offshore wind, storage, and E-mobility.","teaserText":"ONGPL, a joint venture between NTPC and ONGC, was formed to develop renewable energy projects, including offshore wind, storage, and E-mobility.","tickers":[],"title":"NTPC And ONGC Join Hands To Establish A Green Energy Venture \u0026#39;ONGPL\u0026#39;","updated":"2024-11-18T10:05:53Z","updatedAt":"2024-11-18T10:05:53Z","url":"https://in.benzinga.com/markets/equities/24/11/42030973/ntpc-and-ongc-join-hands-to-establish-a-green-energy-venture-ongpl"},{"assets":[{"type":"image","title":"IPO (3)","alt":"IPO (3)","source":"","mime":"","primary":true,"attributes":{"fid":"899654","filename":"IPO-3.jpeg","filepath":"files/images/story/2024/11/18/IPO-3.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Ananthu C U","body":"\u003cp\u003e\u003cstrong\u003eNTPC Green Energy\u003c/strong\u003e IPO is set to open for subscription on November 19. Brokerage firm Ventura gave a \"subscribe\" rating to the IPO In its review note. The brokerage said that the company's capacity utilisation factor (CUF) has been consistently improving, powered by operational efficiency. \u003c/p\u003e\n\n\n\n\u003cp\u003eNTPC Green Energy's CUF increased from 19.4% in FY22 to 24.73% in FY24, the brokerage said. The company has fared well in comparison to its peers, the research firm added.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eVentura also noted that NTPC plans to enhance its project pipeline through prudent bidding and strategic joint ventures with PSUs and private companies. NTPC had recently signed a joint venture agreement with MahaPreit to implement renewable energy park which includes solar, wind and hybrid energy.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42030086/suzuki-and-tata-elxsi-launch-offshore-development-centre-in-pune-to-propel-future-mobility\"\u003eSuzuki And Tata Elxsi Launch Offshore Development Centre In Pune To Propel Future Mobility\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe company's main priorities involve developing battery storage and renewable energy Projects. This includes the green hydrogen hub at Pudimadoka. The company's focus is also on green hydrogen production in Rajasthan and Renewable energy park in Maharashtra. \u003c/p\u003e\n\n\n\n\u003cp\u003eEarlier, SBI Securities had also issued a subscribe for \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41964629/sbi-securities-gives-long-term-subscirbe-rating-for-ntpc-green-energy\"\u003elong-term rating to the upcoming IPO.\u003c/a\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eIPO Details: \u003c/strong\u003eThe ₹10,000 crore issue will be open for subscription on November 19 and will close on November 22. The IPO is a fresh issue of 92.59 crore shares. The company has set a price band of \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41931624/ntpc-green-energy-ipo-to-open-on-nov-19-check-price-band\"\u003e₹102 to ₹108 per share\u003c/a\u003e for the issue.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eNTPC Green IPO\u0026#8217;s GMP has further declined to ₹1 on Monday from \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41964629/sbi-securities-gives-long-term-subscirbe-rating-for-ntpc-green-energy?utm_source=benzinga_india\u0026amp;utm_campaign=partner_feed\u0026amp;utm_medium=partner_feed\u0026amp;utm_content=site\"\u003e₹3 on Thursday\u003c/a\u003e. It's important to note that while GMPs can provide some insight into market sentiment towards an IPO, they are not always a reliable predictor of the stock's performance upon listing.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030213/bdl-shares-down-3-after-q2-but-analyst-expects-over-40-surge-ahead\"\u003eBDL Shares Down 3% After Q2, But Analyst Expects Over 40% Surge Ahead\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":68,"vid":1,"name":"Analyst Color"},{"tid":57,"vid":1,"name":"News"},{"tid":34991,"vid":1,"name":"IPOs"},{"tid":67,"vid":1,"name":"Analyst Ratings"}],"created":"2024-11-18T09:25:39Z","createdAt":"2024-11-18T09:25:39Z","id":42030455,"image":"https://www.benzinga.com/files/images/story/2024/11/18/IPO-3.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652479,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42030455,"stocks":[],"storyId":"673b0812d149ec00010e615a","tags":[{"tid":912008,"vid":3,"name":"NTPC"},{"tid":940922,"vid":3,"name":"NTPC Green Energy"}],"teaser":"NTPC Green Energy IPO to open on Nov 19 \u0026amp; close on Nov 22. Ventura gives a subscribe rating, notes company\u0026#39;s improving CUF \u0026amp; plans for project pipeline \u0026amp; green energy development. IPO is a fresh issue of 92.59cr shares with price band of ₹102-108. Grey market premium declines.","teaserText":"NTPC Green Energy IPO to open on Nov 19 \u0026amp; close on Nov 22. Ventura gives a subscribe rating, notes company\u0026#39;s improving CUF \u0026amp; plans for project pipeline \u0026amp; green energy development. IPO is a fresh issue of 92.59cr shares with price band of ₹102-108. Grey market premium declines.","tickers":[],"title":"Should You Subscribe To NTPC Green Energy IPO? Check Analysts\u0026#39; Calls, Latest GMP","updated":"2024-11-18T09:25:39Z","updatedAt":"2024-11-18T09:25:39Z","url":"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030455/should-you-subscribe-to-ntpc-green-energy-ipo-check-analysts-calls-latest-gmp"},{"assets":[{"type":"image","title":"Railway","alt":"Railway","source":"Photo by parichay-sen for Unsplash","mime":"","primary":true,"attributes":{"fid":"899656","filename":"Railway.jpeg","filepath":"files/images/story/2024/11/18/Railway.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga India Staff","body":"\u003cp\u003e \u003cstrong\u003eRail Vikas Nigam Limited\u003c/strong\u003e (RVNL) has bagged a substantial Engineering Procurement Construction (EPC) contract from South Central Railway.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened\u003c/strong\u003e: RVNL announced the receipt of the\u0026nbsp;letter of acceptance from South\u0026nbsp;Central Railway in an exchange filing on Monday. The contract entails the doubling of the track between Navipet Station and Indalvai Station in Telangana, excluding the Nizamabad Yard. This project is a segment of the Mudkhed-Medchal doubling project in the\u0026nbsp;state.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe project, worth ₹294.94 crores, also includes electrification and signalling works. The contract is domestic and is expected to be executed within 24 months. The company was declared the lowest\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41877831/rvnl-bags-294-94-cr-order-from-south-central-railway\"\u003e bidder for the order earlier this month.\u003c/a\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also:\u0026nbsp;\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42030086/suzuki-and-tata-elxsi-launch-offshore-development-centre-in-pune-to-propel-future-mobility\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eSuzuki And Tata Elxsi Launch Offshore Development Centre In Pune To Propel Future Mobility\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThis win follows a string of successful bids by RVNL. Earlier this month, a joint venture between \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41743252/rvnl-jv-bags-613-cr-rail-infrastructure-project-in-karnataka\"\u003eRVNL and Rithwik Projects\u003c/a\u003e secured a ₹613 crore rail infrastructure project in Karnataka. Additionally, a consortium led by \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41742334/rvnl-led-consortium-bags-massive-5-000-cr-project-from-bsnl\"\u003eRVNL, HFCL, and Aerial Telecom Solutions\u003c/a\u003e was declared the lowest bidder for a ₹7,000 crore order from Bharat Sanchar Nigam Limited (BSNL).\u003c/p\u003e\n\n\n\n\u003cp\u003eThe company\u0026#8217;s \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41799851/rvnl-q2-net-profit-down-27-to-287-cr-misses-estimates\"\u003esecond-quarter net profit declined\u003c/a\u003e by 27.12% to ₹286.89 crore. The railway major's revenue also fell 1.2% to ₹4,854.95 crore, missing the street's estimates for the company. However, RVNL maintained a \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41835819/rnvl-sees-fy25-revenue-at-23-000-cr-orderbook-stands-at-92-000-cr\"\u003epositive outlook\u003c/a\u003e for the second half of FY25, with the company\u0026#8217;s Director of Finance, \u003cstrong\u003eSanjeeb Kumar\u003c/strong\u003e, expressing confidence about hitting a topline of ₹22,000 crore to ₹23,000 crore in FY25.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next:\u0026nbsp;\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42029262/mgl-igl-shares-tank-up-to-20-after-govt-cuts-apm-gas-allocation-for-2nd-straight-month\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eMGL, IGL Shares Tank Up To 20% After Govt Cuts APM Gas Allocation For 2nd Straight Month\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/nivedita-hazra\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Nivedita Hazra\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":87,"vid":1,"name":"Contracts"},{"tid":2,"vid":1,"name":"Markets"}],"created":"2024-11-18T09:11:25Z","createdAt":"2024-11-18T09:11:25Z","id":42030459,"image":"https://www.benzinga.com/files/images/story/2024/11/18/Railway.jpeg","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652460,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42030459,"stocks":[],"storyId":"673b0820d149ec00010e615e","tags":[{"tid":945144,"vid":3,"name":"Rail Vikas Nagam"}],"teaser":"The project, worth ₹294.94 crores, also includes electrification and signalling works. The contract is domestic and is expected to be executed within 24 months.","teaserText":"The project, worth ₹294.94 crores, also includes electrification and signalling works. The contract is domestic and is expected to be executed within 24 months.","tickers":[],"title":"RVNL Secures LoA For ₹294.94 Cr Contract From South Central Railway","updated":"2024-11-18T09:26:21Z","updatedAt":"2024-11-18T09:26:21Z","url":"https://in.benzinga.com/markets/equities/24/11/42030459/rvnl-secures-loa-for-294-94-cr-contract-from-south-central-railway"},{"assets":[{"type":"image","title":"Stocks.Watch_.Shutterstock","alt":"Stocks.Watch_.Shutterstock","source":"","mime":"","primary":true,"attributes":{"fid":"899650","filename":"Stocks-Watch--Shutterstock_0.png","filepath":"files/images/story/2024/11/18/Stocks-Watch--Shutterstock_0.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga India Staff","body":"\u003cp\u003eShares of \u003cstrong\u003eBharat Dynamics Limited\u003c/strong\u003e (BDL) have been under the pump after the company \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41964223/bdls-q2-net-profit-slumps-16-to-122-53-cr-revenue-drops-11\"\u003eposted its earnings for the quarter ended September\u003c/a\u003e. However, analysts at Antique Broking see the stock turning things around.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThe BDL Analyst:\u003c/strong\u003e Antique Broking maintained its \u0026#8220;buy\u0026#8221; rating for the stock, but reduced the target price to ₹1,357 from ₹1,579. The revised target still indicates an around 42% upside from the stock\u0026#8217;s current market price of around ₹955.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThe BDL Thesis:\u003c/strong\u003e BDL reported Q2FY25 revenue of ₹550 crore, a decline of 11.5% year-on-year (YoY) and below Antique Broking\u0026#8217;s\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/41962178/bdl-shares-in-green-ahead-of-q2-results-what-to-expect\"\u003e estimate of ₹700 crore. \u003c/a\u003eAnalysts attributed the revenue miss to continued supply chain challenges that have persisted for the past eight quarters, hampering the execution of the company's robust ₹19,000 crore order backlog.\u003c/p\u003e\n\n\n\n\u003cp\u003eEBITDA stood at ₹98.8 crore, below the brokerage\u0026#8217;s estimate of ₹140 crore, due to under-absorption of costs. EBITDA margin contracted 370 basis points YoY to 18.1%. PAT came in at ₹120 crore, a 16.7% YoY decline, and below Antique\u0026#8217;s estimate of ₹157 crore.\u003c/p\u003e\n\n\n\n\u003cp\u003eDespite these issues, BDL has maintained its revenue guidance of ₹3,000 crore+ for FY25. The company plans to prioritize orders with a functional supply chain and defer those facing challenges to FY26, the brokerage said.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/42028685/hal-shares-jump-4-as-brokerages-remain-strongly-bullish-after-q2-print\"\u003eHAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eWith an order backlog of ₹19,000 crore —equivalent to 8.6x its trailing 12-month revenue—Antique highlighted robust revenue visibility.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe brokerage said that the defence manufacturer should see a strong influx of orders. The company expects to finalise orders worth ₹2,000–5,000 crore in FY25, with a strong pipeline exceeding ₹20,000 crore over the next two to three years. Key projects in the pipeline include large-scale orders for Astra MK II, QRSAM, and MRSAM. BDL had secured ₹1,760 crore in orders during FY24.\u003c/p\u003e\n\n\n\n\u003cp\u003eAntique noted that while supply chain issues have dampened execution, BDL is taking steps to address these challenges. The company is developing alternate strategies to accelerate deliveries for orders unaffected by supply chain disruptions, with execution expected to pick up in the second half of FY25. The brokerage believes that supply chain normalization and indigenization efforts will enhance BDL's ability to execute its large order backlog.\u003c/p\u003e\n\n\n\n\u003cp\u003eAntique remains optimistic about BDL's long-term prospects, citing strong business fundamentals and export opportunities. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action:\u003c/strong\u003e BDL\u0026#8217;s share price was down 3.48% to trade at ₹955.15 on Monday afternoon.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42029033/vodafone-idea-shares-in-red-for-7th-consecutive-session-brokerages-cut-price-target\"\u003eVodafone Idea Shares In Red For 7th Consecutive Session: Brokerages Cut Price Targets\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003e\u003cem\u003eDisclaimer:\u003c/em\u003e\u003c/strong\u003e\u003cem\u003e This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\u003c/em\u003e\u003c/p\u003e","channels":[{"tid":68,"vid":1,"name":"Analyst Color"},{"tid":24769,"vid":1,"name":"Equities"},{"tid":72,"vid":1,"name":"Price Target"},{"tid":39823,"vid":1,"name":"Reiteration"},{"tid":2,"vid":1,"name":"Markets"},{"tid":67,"vid":1,"name":"Analyst Ratings"},{"tid":24,"vid":1,"name":"Movers"},{"tid":22,"vid":1,"name":"Trading Ideas"}],"created":"2024-11-18T08:54:09Z","createdAt":"2024-11-18T08:54:09Z","id":42030213,"image":"https://www.benzinga.com/files/images/story/2024/11/18/Stocks-Watch--Shutterstock_0.png","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652442,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42030213,"stocks":[],"storyId":"673b00b1d149ec00010e6071","tags":[{"tid":933707,"vid":3,"name":"BDL"}],"teaser":"Shares of Bharat Dynamics Limited (BDL) have been under the pump after the company posted its earnings for the quarter ended September. However, analysts at Antique Broking see the stock turning things around.","teaserText":"Shares of Bharat Dynamics Limited (BDL) have been under the pump after the company posted its earnings for the quarter ended September. However, analysts at Antique Broking see the stock turning things around.","tickers":[],"title":"BDL Shares Down 3% After Q2, But Analyst Expects Over 40% Surge Ahead","updated":"2024-11-18T08:54:09Z","updatedAt":"2024-11-18T08:54:09Z","url":"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42030213/bdl-shares-down-3-after-q2-but-analyst-expects-over-40-surge-ahead"},{"assets":[{"type":"image","title":"car factory","alt":"car factory","source":"generated using DALL-E","mime":"","primary":true,"attributes":{"fid":"899643","filename":"car-factory.png","filepath":"files/images/story/2024/11/18/car-factory.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"author":"Benzinga India Staff","body":"\u003cp\u003e\u003cstrong\u003eSuzuki Motor Corporation\u003c/strong\u003e and \u003cstrong\u003eTata Elxsi\u003c/strong\u003e have inaugurated the \u0026#8220;Suzuki-Tata Elxsi Offshore Development Center\u0026#8221; in Pune, India, on Friday.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened\u003c/strong\u003e: The Japanese multinational mobility manufacturer Suzuki and Tata Elxsi have unveiled a dedicated centre in Pune. This centre is set to drive Suzuki\u0026#8217;s advancements in engineering, thereby charting the path for future mobility.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe collaboration between the two companies will concentrate on next-generation powertrains and software-defined vehicles, promoting energy-efficient solutions for electric, hybrid,\u0026nbsp;and alternative fuel vehicles. Tata Elxsi will align\u0026nbsp;with Suzuki's goals for sustainable\u0026nbsp;innovation in lightweight design, safety,\u0026nbsp;styling and engineering, eco-friendly materials, and advanced simulations\u0026nbsp;to improve time-to-market.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also:\u0026nbsp;\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42029262/mgl-igl-shares-tank-up-to-20-after-govt-cuts-apm-gas-allocation-for-2nd-straight-month\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eMGL, IGL Shares Tank Up To 20% After Govt Cuts APM Gas Allocation For 2nd Straight Month\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eSuzuki's Chief Technology Officer, \u003cstrong\u003eKatsuhiro Kato\u003c/strong\u003e, emphasised the centre\u0026#8217;s importance as a crucial part of Suzuki's innovation strategy. \u0026#8220;Tata Elxsi's expertise in advanced computing, simulation, and design digital makes them an ideal partner in bringing forward-thinking solutions to market. This strategic and long-term partnership incorporates Suzuki's endeavour of minimising energy and enables India's talent to actively contribute to our development efforts globally,\u0026#8221; said Kato.\u003c/p\u003e\n\n\n\n\u003cp\u003eThis development comes on the heels of \u003ca href=\"https://in.benzinga.com/markets/equities/24/10/41621219/maruti-suzuki-to-supply-ev-suvs-to-toyota-production-to-begin-in-2025\"\u003eSuzuki\u0026#8217;s recent collaboration with \u003cstrong\u003eToyota\u003c/strong\u003e\u003c/a\u003e to produce battery EV SUV models, set to begin in spring 2025 at its plant located in Gujarat. This partnership marked the first between the companies in green vehicles. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next:\u0026nbsp;\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42029214/why-tata-steel-hindalco-vedanta-and-other-metal-stocks-are-surging-up-to-4-today\" target=\"_blank\" rel=\"noreferrer noopener\"\u003eWhy Tata Steel, Hindalco, Vedanta And Other Metal Stocks Are Surging Up To 4% Today\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003c!--Neuro author block--\u003e\n \u003cdiv style=\"font-family: 'Lato', sans-serif\"\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003cdiv style=\"\n background-color: #f5f5f5;\n background-position: center;\n background-size: cover;\n justify-content: center;\n \"\u003e\u003c/div\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n Engineered by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003eBenzinga Neuro\u003c/span\u003e, Edited by\n \u003cspan style=\"\n font-weight: bold;\n text-decoration: none;\n color: #225aa9;\n font-size: 1rem;\n \"\u003e\n \u003cu\u003e\u003ca href=\"https://in.benzinga.com/author/nivedita-hazra\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003e\n Nivedita Hazra\u003c/a\u003e\u003c/u\u003e\n \u003c/span\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 1px; background: #225aa9\"\u003e\n \u003cp style=\"font-family: sans-serif; padding-top: 20px\"\u003e\n The GPT-4-based Benzinga Neuro content generation system exploits the\n extensive Benzinga Ecosystem, including native data, APIs, and more to\n create comprehensive and timely stories for you.\n \u003ca href=\"https://www.benzinga.com/author/benzinga-neuro\" target=\"_blank\" rel=\"noopener\" style=\"color: #225aa9; text-decoration: none\"\u003eLearn more.\u003c/a\u003e\n \u003c/p\u003e\n \u003chr style=\"border: 0; height: 5px; background: #225aa9\"\u003e\n \u003c/div\u003e\n \u003c!--Neuro Author Block End--\u003e","channels":[{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":87,"vid":1,"name":"Contracts"},{"tid":2,"vid":1,"name":"Markets"}],"created":"2024-11-18T08:33:20Z","createdAt":"2024-11-18T08:33:20Z","id":42030086,"image":"https://www.benzinga.com/files/images/story/2024/11/18/car-factory.png","isBzPost":true,"isBzProPost":true,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"SendNotification":true,"post_id":652378,"post_type":"benzinga_india","campaign_strategy":"Default"}},"nodeId":42030086,"stocks":[],"storyId":"673afbcfd149ec00010e5fef","tags":[{"tid":31656,"vid":3,"name":"Suzuki Motor Corp."},{"tid":897210,"vid":3,"name":"Tata Elxsi"},{"tid":780746,"vid":3,"name":"Tata Group"}],"teaser":"The collaboration between the two companies will concentrate on next-generation powertrains and software-defined vehicles, promoting energy-efficient solutions for electric, hybrid, and alternative fuel vehicles. ","teaserText":"The collaboration between the two companies will concentrate on next-generation powertrains and software-defined vehicles, promoting energy-efficient solutions for electric, hybrid, and alternative fuel vehicles. ","tickers":[],"title":"Suzuki And Tata Elxsi Launch Offshore Development Centre In Pune To Propel Future Mobility","updated":"2024-11-18T08:33:20Z","updatedAt":"2024-11-18T08:33:20Z","url":"https://in.benzinga.com/markets/equities/24/11/42030086/suzuki-and-tata-elxsi-launch-offshore-development-centre-in-pune-to-propel-future-mobility"}]},"layout":"default","briefs_type":null,"mobileOnly":false,"newsItemElement":"title","newsContainer":"box","reachContent":null},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":""}]},{"blockName":"acf/widget-container","attrs":{"name":"acf/widget-container","data":{"widget":{"ID":290016,"post_author":"5889","post_date":"2024-01-03 07:49:04","post_date_gmt":"2024-01-03 12:49:04","post_content":"\u003c!-- wp:acf/google-ad-placement {\"name\":\"acf/google-ad-placement\",\"data\":{\"slot_placement_id\":\"/4107070/india_sidebar_300x250-600\",\"_slot_placement_id\":\"field_slot_placement_id\",\"slot_width\":\"300\",\"_slot_width\":\"field_slot_width\",\"slot_height\":\"250\",\"_slot_height\":\"field_slot_height\",\"slot_google_ad_id\":\"india-google-sidebar-ad-unit\",\"_slot_google_ad_id\":\"field_slot_google_ad_id\",\"display\":\"all-devices\",\"_display\":\"field_display\",\"dynamic_height\":\"1\",\"_dynamic_height\":\"field_dynamic_height\",\"add_size_mapping\":\"1\",\"_add_size_mapping\":\"field_add_size_mapping\",\"size_mapping_0_viewport_width\":\"\",\"_size_mapping_0_viewport_width\":\"field_width\",\"size_mapping_0_viewport_height\":\"\",\"_size_mapping_0_viewport_height\":\"field_height\",\"size_mapping_0_viewport_sizes\":[\"300x250\"],\"_size_mapping_0_viewport_sizes\":\"field_sizes\",\"size_mapping_0_viewport\":\"\",\"_size_mapping_0_viewport\":\"viewport\",\"size_mapping\":1,\"_size_mapping\":\"size_mapping\"},\"align\":\"\",\"mode\":\"edit\"} /--\u003e","post_title":"India Google Sidebar Ad Unit","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"india-google-sidebar-ad-unit","to_ping":"","pinged":"","post_modified":"2024-05-09 10:26:09","post_modified_gmt":"2024-05-09 14:26:09","post_content_filtered":"","post_parent":0,"guid":"https://www.benzinga.com/?post_type=widget\u0026#038;p=290016","menu_order":0,"post_type":"widget","post_mime_type":"","comment_count":"0","filter":"raw"}},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","dynamic":false,"blocks":[{"blockName":"acf/google-ad-placement","attrs":{"name":"acf/google-ad-placement","data":{"slot_placement_id":"/4107070/india_sidebar_300x250-600","slot_width":"300","slot_height":"250","slot_google_ad_id":"india-google-sidebar-ad-unit","display":"all-devices","dynamic_height":true,"size_mapping":[{"viewport":[0,0],"sizes":[[300,250]]}]},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":""}]}]},"topStories":[{"id":"673abce7d149ec00010e5a92","nodeId":42028685,"userId":1788673,"versionId":50300602,"type":"benzinga_wire_india","published":true,"createdAt":"2024-11-18T04:04:55Z","updatedAt":"2024-11-18T04:04:56Z","title":"HAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print","titleSeo":"","body":"\u003cp\u003e\u003cstrong\u003eHindustan Aeronautics \u003c/strong\u003ejumped 4% higher at the bourses on Monday following the company\u0026#8217;s second-quarter results where the firm\u0026#8217;s net profit was seen jumping by 22%.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened:\u003c/strong\u003e The aerospace and defence company\u0026#8217;s \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41963672/hal-q2-net-profit-jumps-22-to-1-510-cr-beats-estimates\"\u003enet profit for the quarter\u003c/a\u003e under review stood at ₹1,510.4 crore, ahead of the street\u0026#8217;s estimates. Revenue from operations came in at ₹5,976.29 crore, a 6% increase\u0026nbsp;year-on-year, below the analysts\u0026#8217; estimates.\u003c/p\u003e\n\n\n\n\u003cp\u003eCLSA has an \u0026#8220;outperform\u0026#8221; rating on HAL with a target price of ₹4,731. Despite delays in Russian aircraft and helicopter orders, HAL\u0026#8217;s order pipeline for the next decade remains strong at $45 billion (₹3.8 lakh crore), it said. \u003c/p\u003e\n\n\n\n\u003cp\u003eThe brokerage sees an expected order of large helicopters and Sukhoi aircraft in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm\u0026#8217;s growth.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eJefferies has a \u0026#8220;buy\u0026#8221; rating on HAL with a target price of ₹5,500. In Q2 FY25, the company saw a 7% YoY increase in EBITDA, with margins improving by 37 basis points to 27.5%. \u003c/p\u003e\n\n\n\n\u003cp\u003eThe higher-margin service income likely played a key role in the performance, especially given delays in aircraft deliveries due to engine supply issues with its partnership with GE, the brokerage said.\u003c/p\u003e\n\n\n\n\u003cp\u003eAntique Broking also maintained its \u0026#8220;buy\u0026#8221; rating for the stock with a target price of ₹5,902. Antique Broking expressed confidence in HAL\u0026#8217;s long-term business prospects and execution capabilities. The brokerage estimates that HAL is on track to achieve a 15% compound annual growth rate (CAGR) in revenue over FY24–27E.\u003c/p\u003e\n\n\n\n\u003cp\u003eWith the potential for multi-year double-digit earnings growth and a robust return ratio profile exceeding 20%, analysts at Anrique believe the stock offers an attractive valuation at current levels.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action: \u003c/strong\u003eShares of HAL rose 2.62% to trade at ₹4,194.05 on Monday morning. The stock jumped 4% to hit an intraday high of ₹4,248.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","name":"Nivedita Hazra","assets":[{"type":"image","title":"HAL-GE Fighter Jet","alt":"Bharat Electronics","source":"HAL-GE Fighter Jet. Photo by Tim Meyer on Unsplash","mime":"","primary":true,"attributes":{"fid":"899618","filename":"HAL-GE-Fighter-Jet.jpeg","filepath":"files/images/story/2024/11/17/HAL-GE-Fighter-Jet.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"partnerUrl":"","teaserText":"The brokerage sees an expected order of large helicopter and Sukhoi aircraft as in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm's growth.","canonicalPath":"news/earnings/24/11/42028685/hal-shares-jump-4-as-brokerages-remain-strongly-bullish-after-q2-print","tags":[{"tid":889236,"vid":3,"name":"HAL"}],"channels":[{"tid":16888,"vid":1,"name":"Earnings"},{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":72,"vid":1,"name":"Price Target"},{"tid":39823,"vid":1,"name":"Reiteration"},{"tid":2,"vid":1,"name":"Markets"},{"tid":67,"vid":1,"name":"Analyst Ratings"},{"tid":24,"vid":1,"name":"Movers"},{"tid":22,"vid":1,"name":"Trading Ideas"}],"keyItems":[{"value":""}],"isBzPost":true,"isBzProPost":true,"doNotDistribute":false,"sentiment":0,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false,"GeneratedByAI":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"post_id":652080,"post_type":"benzinga_india","SendNotification":true,"campaign_strategy":"Default"}},"image":"https://www.benzinga.com/files/images/story/2024/11/17/HAL-GE-Fighter-Jet.jpeg","blocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Hindustan Aeronautics ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Hindustan Aeronautics ","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"jumped 4% higher at the bourses on Monday following the company’s second-quarter results where the firm’s net profit was seen jumping by 22%.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eHindustan Aeronautics \u003c/strong\u003ejumped 4% higher at the bourses on Monday following the company’s second-quarter results where the firm’s net profit was seen jumping by 22%.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"What Happened:","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"What Happened:","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" The aerospace and defence company’s ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"net profit for the quarter","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"net profit for the quarter","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/news/earnings/24/11/41963672/hal-q2-net-profit-jumps-22-to-1-510-cr-beats-estimates","target":"_blank"}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" under review stood at ₹1,510.4 crore, ahead of the street’s estimates. Revenue from operations came in at ₹5,976.29 crore, a 6% increase year-on-year, below the analysts’ estimates.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eWhat Happened:\u003c/strong\u003e The aerospace and defence company’s \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41963672/hal-q2-net-profit-jumps-22-to-1-510-cr-beats-estimates\"\u003enet profit for the quarter\u003c/a\u003e under review stood at ₹1,510.4 crore, ahead of the street’s estimates. Revenue from operations came in at ₹5,976.29 crore, a 6% increase year-on-year, below the analysts’ estimates.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"CLSA has an “outperform” rating on HAL with a target price of ₹4,731. Despite delays in Russian aircraft and helicopter orders, HAL’s order pipeline for the next decade remains strong at $45 billion (₹3.8 lakh crore), it said. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"CLSA has an “outperform” rating on HAL with a target price of ₹4,731. Despite delays in Russian aircraft and helicopter orders, HAL’s order pipeline for the next decade remains strong at $45 billion (₹3.8 lakh crore), it said. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The brokerage sees an expected order of large helicopters and Sukhoi aircraft in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm’s growth.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The brokerage sees an expected order of large helicopters and Sukhoi aircraft in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm’s growth.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"See Also: ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"EV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"EV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"See Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Jefferies has a “buy” rating on HAL with a target price of ₹5,500. In Q2 FY25, the company saw a 7% YoY increase in EBITDA, with margins improving by 37 basis points to 27.5%. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Jefferies has a “buy” rating on HAL with a target price of ₹5,500. In Q2 FY25, the company saw a 7% YoY increase in EBITDA, with margins improving by 37 basis points to 27.5%. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The higher-margin service income likely played a key role in the performance, especially given delays in aircraft deliveries due to engine supply issues with its partnership with GE, the brokerage said.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The higher-margin service income likely played a key role in the performance, especially given delays in aircraft deliveries due to engine supply issues with its partnership with GE, the brokerage said.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Antique Broking also maintained its “buy” rating for the stock with a target price of ₹5,902. Antique Broking expressed confidence in HAL’s long-term business prospects and execution capabilities. The brokerage estimates that HAL is on track to achieve a 15% compound annual growth rate (CAGR) in revenue over FY24–27E.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Antique Broking also maintained its “buy” rating for the stock with a target price of ₹5,902. Antique Broking expressed confidence in HAL’s long-term business prospects and execution capabilities. The brokerage estimates that HAL is on track to achieve a 15% compound annual growth rate (CAGR) in revenue over FY24–27E.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"With the potential for multi-year double-digit earnings growth and a robust return ratio profile exceeding 20%, analysts at Anrique believe the stock offers an attractive valuation at current levels.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"With the potential for multi-year double-digit earnings growth and a robust return ratio profile exceeding 20%, analysts at Anrique believe the stock offers an attractive valuation at current levels.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Price Action: ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Price Action: ","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Shares of HAL rose 2.62% to trade at ₹4,194.05 on Monday morning. The stock jumped 4% to hit an intraday high of ₹4,248.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003ePrice Action: \u003c/strong\u003eShares of HAL rose 2.62% to trade at ₹4,194.05 on Monday morning. The stock jumped 4% to hit an intraday high of ₹4,248.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Read Next: ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"NBCC Sees Orderbook Expand To ₹84,400 Cr In Q2","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"NBCC Sees Orderbook Expand To ₹84,400 Cr In Q2","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"Read Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}}],"parsedBody":["\u003cp\u003e\u003cstrong\u003eHindustan Aeronautics \u003c/strong\u003ejumped 4% higher at the bourses on Monday following the company\u0026#8217;s second-quarter results where the firm\u0026#8217;s net profit was seen jumping by 22%.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003eWhat Happened:\u003c/strong\u003e The aerospace and defence company\u0026#8217;s \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41963672/hal-q2-net-profit-jumps-22-to-1-510-cr-beats-estimates\"\u003enet profit for the quarter\u003c/a\u003e under review stood at ₹1,510.4 crore, ahead of the street\u0026#8217;s estimates. Revenue from operations came in at ₹5,976.29 crore, a 6% increase\u0026nbsp;year-on-year, below the analysts\u0026#8217; estimates.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eCLSA has an \u0026#8220;outperform\u0026#8221; rating on HAL with a target price of ₹4,731. Despite delays in Russian aircraft and helicopter orders, HAL\u0026#8217;s order pipeline for the next decade remains strong at $45 billion (₹3.8 lakh crore), it said. \u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe brokerage sees an expected order of large helicopters and Sukhoi aircraft in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm\u0026#8217;s growth.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003eJefferies has a \u0026#8220;buy\u0026#8221; rating on HAL with a target price of ₹5,500. In Q2 FY25, the company saw a 7% YoY increase in EBITDA, with margins improving by 37 basis points to 27.5%. \u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe higher-margin service income likely played a key role in the performance, especially given delays in aircraft deliveries due to engine supply issues with its partnership with GE, the brokerage said.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eAntique Broking also maintained its \u0026#8220;buy\u0026#8221; rating for the stock with a target price of ₹5,902. Antique Broking expressed confidence in HAL\u0026#8217;s long-term business prospects and execution capabilities. The brokerage estimates that HAL is on track to achieve a 15% compound annual growth rate (CAGR) in revenue over FY24–27E.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eWith the potential for multi-year double-digit earnings growth and a robust return ratio profile exceeding 20%, analysts at Anrique believe the stock offers an attractive valuation at current levels.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003ePrice Action: \u003c/strong\u003eShares of HAL rose 2.62% to trade at ₹4,194.05 on Monday morning. The stock jumped 4% to hit an intraday high of ₹4,248.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e"],"author":{"about":null,"byLine":"Benzinga Staff Writer","companyTitle":null,"companyUrl":null,"facebook":null,"firstname":"Nivedita","lastname":"Hazra","linkedin":null,"name":"Nivedita Hazra","picture":null,"profileUrl":"/author/nivedita-hazra","twitter":null,"uid":1788673},"isHeadline":false,"quotes":[],"primaryImage":{"alt":"HAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print","height":683,"url":"https://www.benzinga.com/files/images/story/2024/11/17/HAL-GE-Fighter-Jet.jpeg","width":1024},"terms":[{"tid":"16888","vid":"1","name":"Earnings","parent_id":"57","type":"Channels","url_drupal":"taxonomy/term/16888","url_public":"news/earnings"},{"tid":"24769","vid":"1","name":"Equities","parent_id":"2","type":"Channels","url_drupal":"taxonomy/term/24769","url_public":"topic/equities"},{"tid":"57","vid":"1","name":"News","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/57","url_public":"news"},{"tid":"72","vid":"1","name":"Price Target","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/72","url_public":"analyst-ratings/price-target"},{"tid":"39823","vid":"1","name":"Reiteration","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/39823","url_public":"analyst-ratings/reiteration"},{"tid":"2","vid":"1","name":"Markets","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/2","url_public":"markets"},{"tid":"67","vid":"1","name":"Analyst Ratings","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/67","url_public":"analyst-ratings"},{"tid":"24","vid":"1","name":"Movers","parent_id":"22","type":"Channels","url_drupal":"taxonomy/term/24","url_public":"movers"},{"tid":"22","vid":"1","name":"Trading Ideas","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/22","url_public":"trading-ideas"},{"tid":"889236","vid":"3","name":"HAL","parent_id":"0","type":"Entities","url_drupal":"taxonomy/term/889236","url_public":"topic/hal"}],"metaProps":{"author":"Nivedita Hazra","authorId":1788673,"authorType":"Benzinga Staff Writer","authorURL":"/author/nivedita-hazra","canonical":"https://in.benzinga.com/news/earnings/24/11/42028685/hal-shares-jump-4-as-brokerages-remain-strongly-bullish-after-q2-print","dateCreated":"2024-11-18T09:34:55.000+05:30","dateUpdated":"2024-11-18T09:34:56.000+05:30","description":"The brokerage sees an expected order of large helicopter and Sukhoi aircraft as in the second half of FY25, along with visibility on the GE engine deal as the major catalysts in the firm's growth.","dimensions":{"authorName":"Nivedita Hazra","channels":["Earnings","Equities","News","Price Target","Reiteration","Markets","Analyst Ratings","Movers","Trading Ideas"],"contentType":"benzinga_wire_india","isBZisBZPRO":true},"image":"https://cdn.benzinga.com/files/images/story/2024/11/17/HAL-GE-Fighter-Jet.jpeg?width=1200\u0026height=800\u0026fit=crop","ogImage":"https://cdn.benzinga.com/files/images/story/2024/11/17/HAL-GE-Fighter-Jet.jpeg?width=1200\u0026height=800\u0026fit=crop","ogType":"article","pageType":"story","shortUrl":"https://benzinga.com/z/42028685","structuredData":{"articleSection":"Earnings","keywords":["\"PageIsBzPro: BZ\"","\"CMS: WordPress\"","\"category: Earnings\"","\"category: Equities\"","\"category: News\"","\"category: Price Target\"","\"category: Reiteration\"","\"category: Markets\"","\"category: Analyst Ratings\"","\"category: Movers\"","\"category: Trading Ideas\"","\"tag: HAL\""],"mentions":[],"pageType":"NewsArticle","speakable":"{\n \"@type\": \"SpeakableSpecification\",\n \"xpath\": [\"/html/head/title\", \"/html/head/meta[@name='description']/@content\"],\n \"cssSelector\": [\"#article-body p\"]\n }"},"title":"HAL Shares Jump 4% As Brokerages Remain Strongly Bullish After Q2-Print ","translationMeta":{}},"url":"news/earnings/24/11/42028685/hal-shares-jump-4-as-brokerages-remain-strongly-bullish-after-q2-print"},{"id":"673abb81d149ec00010e5a81","nodeId":42028665,"userId":1344650,"versionId":50300581,"type":"benzinga_wire_india","published":true,"createdAt":"2024-11-18T03:58:58Z","updatedAt":"2024-11-18T03:58:58Z","title":"NBCC Shares Remain Under Pressure After Q2, But Analyst Sees Over 45% Upside Ahead","titleSeo":"","body":"\u003cp\u003e\u003cstrong\u003eNBCC\u003c/strong\u003e\u0026#8216;s share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThe NBCC Analyst:\u003c/strong\u003e Analysts at Nuvama upgraded the stock\u0026#8217;s rating to \u0026#8220;buy\u0026#8221; from \u0026#8220;hold\u0026#8221; with a price target of ₹133. The target indicates an around 47% upside from the stock\u0026#8217;s last closing price of ₹89.90.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eThe NBCC Thesis:\u003c/strong\u003e Improved order intake, execution, and margins, coupled with progress in real estate monetization, are seen as positives by the analysts. The brokerage added that following the recent correction in the stock, it is upgrading the PSU\u0026#8217;s rating.\u003c/p\u003e\n\n\n\n\u003cp\u003eNuvama highlighted that NBCC\u0026#8217;s revenue for the September quarter grew 19% year-on-year (YoY) and 15% sequentially to around ₹2,460 crore. However, the brokerage noted that the EBITDA margin declined by around 60 basis points YoY and 20 basis points quarter-on-quarter (QoQ) to 4.1%, \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41932498/nbcc-q2-net-profit-jumps-53-to-122-cr\"\u003ewhich weighed on the adjusted profit after tax (PAT). \u003c/a\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe company has guided for a revenue of ₹13,000 crore in FY25, up from ₹10,400 crore in FY24. The construction major expects EBITDA margins to improve to 5.5–6% (from 4.9% in FY24) and PAT margins to rise to 6–7%. The brokerage added that NBCC is also targeting a 20% YoY revenue growth in FY26.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42022982/garden-reach-shipbuilders-reports-4-dip-in-orderbook-at-24-221-cr-in-q2\"\u003eGarden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eThe brokerage also mentioned the company\u0026#8217;s strong order. NBCC\u0026#8217;s consolidated o\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003erder book grew QoQ to ₹84,400 crore in the September quarter, compared to ₹81,000 crore in the previous quarter. \u003c/a\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eOf this, around ₹22,000 crore worth of projects are currently under execution. The company awarded contracts worth ₹3,600 during Q2FY25 and ₹7,300 crore in the first half of FY25, with plans to award ₹14,000 crore–15,000 crore worth of projects for the entire fiscal year, the brokerage noted.\u003c/p\u003e\n\n\n\n\u003cp\u003eWhile the company\u0026#8217;s book-to-bill ratio stands at a robust 7.6x, around 45% of its order book comprises self-revenue-generating projects, where the pace of real estate monetization will play a critical role, according to Nuvama.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe brokerage noted that NBCC has fully sold its World Trade Center project and plans a bulk sale for the Sarojini Nagar project once the occupancy certificate is received. In the Amrapali project, the company has sold inventory worth ₹3,650 billion so far.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action:\u003c/strong\u003e NBCC\u0026#8217;s share price was up 0.22% to trade at ₹89.80 on Monday morning.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42022693/clsa-reverses-course-increases-allocation-to-indian-equities-while-cutting-back-on-\"\u003eCLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003e\u003cem\u003eDisclaimer:\u003c/em\u003e\u003c/strong\u003e\u003cem\u003e This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\u003c/em\u003e\u003c/p\u003e","name":"Benzinga India Staff","assets":[{"type":"image","title":"Stock market analysts","alt":"Stock market analysts","source":"","mime":"","primary":true,"attributes":{"fid":"899617","filename":"Stock-market-analysts.png","filepath":"files/images/story/2024/11/17/Stock-market-analysts.png","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"partnerUrl":"","teaserText":"NBCC's share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.","canonicalPath":"analyst-ratings/analyst-color/24/11/42028665/nbcc-shares-remain-under-pressure-after-q2-but-analyst-sees-over-45-upside-ahead","tags":[{"tid":907997,"vid":3,"name":"NBCC"}],"channels":[{"tid":68,"vid":1,"name":"Analyst Color"},{"tid":24769,"vid":1,"name":"Equities"},{"tid":57,"vid":1,"name":"News"},{"tid":69,"vid":1,"name":"Upgrades"},{"tid":72,"vid":1,"name":"Price Target"},{"tid":2,"vid":1,"name":"Markets"},{"tid":67,"vid":1,"name":"Analyst Ratings"},{"tid":22,"vid":1,"name":"Trading Ideas"}],"keyItems":[{"value":""}],"isBzPost":true,"isBzProPost":true,"doNotDistribute":false,"sentiment":0,"meta":{"SectorV2":{},"Partner":null,"PartnerTaxonomy":null,"SEC":null,"Author":null,"Authors":[{"uid":"0","name":""}],"Flags":{"ShowCopyrightNotice":false,"EvergreenContent":false,"ShowAdvertiserDisclosure":false,"ContributedContent":false,"AddGoogleStandoutMetaTag":false,"MediaSiteDNDOverride":false,"SendToYahooFinance":false,"SendToRobinhood":false,"SendToMSN":false,"GeneratedByAI":false},"Reach":{"Disclosure":{}},"Reference":null,"Ext":null,"wp_post_meta":{"post_id":652048,"post_type":"benzinga_india","SendNotification":true,"campaign_strategy":"Default"}},"image":"https://www.benzinga.com/files/images/story/2024/11/17/Stock-market-analysts.png","blocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"NBCC","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"NBCC","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"‘s share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eNBCC\u003c/strong\u003e‘s share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The NBCC Analyst:","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The NBCC Analyst:","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" Analysts at Nuvama upgraded the stock’s rating to “buy” from “hold” with a price target of ₹133. The target indicates an around 47% upside from the stock’s last closing price of ₹89.90.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eThe NBCC Analyst:\u003c/strong\u003e Analysts at Nuvama upgraded the stock’s rating to “buy” from “hold” with a price target of ₹133. The target indicates an around 47% upside from the stock’s last closing price of ₹89.90.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The NBCC Thesis:","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The NBCC Thesis:","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" Improved order intake, execution, and margins, coupled with progress in real estate monetization, are seen as positives by the analysts. The brokerage added that following the recent correction in the stock, it is upgrading the PSU’s rating.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eThe NBCC Thesis:\u003c/strong\u003e Improved order intake, execution, and margins, coupled with progress in real estate monetization, are seen as positives by the analysts. The brokerage added that following the recent correction in the stock, it is upgrading the PSU’s rating.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Nuvama highlighted that NBCC’s revenue for the September quarter grew 19% year-on-year (YoY) and 15% sequentially to around ₹2,460 crore. However, the brokerage noted that the EBITDA margin declined by around 60 basis points YoY and 20 basis points quarter-on-quarter (QoQ) to 4.1%, ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"which weighed on the adjusted profit after tax (PAT). ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"which weighed on the adjusted profit after tax (PAT). ","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/news/earnings/24/11/41932498/nbcc-q2-net-profit-jumps-53-to-122-cr","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"Nuvama highlighted that NBCC’s revenue for the September quarter grew 19% year-on-year (YoY) and 15% sequentially to around ₹2,460 crore. However, the brokerage noted that the EBITDA margin declined by around 60 basis points YoY and 20 basis points quarter-on-quarter (QoQ) to 4.1%, \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41932498/nbcc-q2-net-profit-jumps-53-to-122-cr\"\u003ewhich weighed on the adjusted profit after tax (PAT). \u003c/a\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The company has guided for a revenue of ₹13,000 crore in FY25, up from ₹10,400 crore in FY24. The construction major expects EBITDA margins to improve to 5.5–6% (from 4.9% in FY24) and PAT margins to rise to 6–7%. The brokerage added that NBCC is also targeting a 20% YoY revenue growth in FY26.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The company has guided for a revenue of ₹13,000 crore in FY25, up from ₹10,400 crore in FY24. 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The brokerage added that NBCC is also targeting a 20% YoY revenue growth in FY26.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"See Also: ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Garden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Garden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/markets/equities/24/11/42022982/garden-reach-shipbuilders-reports-4-dip-in-orderbook-at-24-221-cr-in-q2","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"See Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42022982/garden-reach-shipbuilders-reports-4-dip-in-orderbook-at-24-221-cr-in-q2\"\u003eGarden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2\u003c/a\u003e","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42022982/garden-reach-shipbuilders-reports-4-dip-in-orderbook-at-24-221-cr-in-q2\"\u003eGarden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2\u003c/a\u003e\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The brokerage also mentioned the company’s strong order. NBCC’s consolidated o","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"rder book grew QoQ to ₹84,400 crore in the September quarter, compared to ₹81,000 crore in the previous quarter. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"rder book grew QoQ to ₹84,400 crore in the September quarter, compared to ₹81,000 crore in the previous quarter. ","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"The brokerage also mentioned the company’s strong order. NBCC’s consolidated o\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003erder book grew QoQ to ₹84,400 crore in the September quarter, compared to ₹81,000 crore in the previous quarter. \u003c/a\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Of this, around ₹22,000 crore worth of projects are currently under execution. The company awarded contracts worth ₹3,600 during Q2FY25 and ₹7,300 crore in the first half of FY25, with plans to award ₹14,000 crore–15,000 crore worth of projects for the entire fiscal year, the brokerage noted.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Of this, around ₹22,000 crore worth of projects are currently under execution. The company awarded contracts worth ₹3,600 during Q2FY25 and ₹7,300 crore in the first half of FY25, with plans to award ₹14,000 crore–15,000 crore worth of projects for the entire fiscal year, the brokerage noted.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"While the company’s book-to-bill ratio stands at a robust 7.6x, around 45% of its order book comprises self-revenue-generating projects, where the pace of real estate monetization will play a critical role, according to Nuvama.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"While the company’s book-to-bill ratio stands at a robust 7.6x, around 45% of its order book comprises self-revenue-generating projects, where the pace of real estate monetization will play a critical role, according to Nuvama.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The brokerage noted that NBCC has fully sold its World Trade Center project and plans a bulk sale for the Sarojini Nagar project once the occupancy certificate is received. In the Amrapali project, the company has sold inventory worth ₹3,650 billion so far.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The brokerage noted that NBCC has fully sold its World Trade Center project and plans a bulk sale for the Sarojini Nagar project once the occupancy certificate is received. In the Amrapali project, the company has sold inventory worth ₹3,650 billion so far.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Price Action:","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Price Action:","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" NBCC’s share price was up 0.22% to trade at ₹89.80 on Monday morning.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003ePrice Action:\u003c/strong\u003e NBCC’s share price was up 0.22% to trade at ₹89.80 on Monday morning.","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Read Next: ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"CLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"CLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42022693/clsa-reverses-course-increases-allocation-to-indian-equities-while-cutting-back-on-","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"Read Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42022693/clsa-reverses-course-increases-allocation-to-indian-equities-while-cutting-back-on-\"\u003eCLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China\u003c/a\u003e","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42022693/clsa-reverses-course-increases-allocation-to-indian-equities-while-cutting-back-on-\"\u003eCLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China\u003c/a\u003e\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Disclaimer:","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Disclaimer:","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eDisclaimer:\u003c/em\u003e","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":" This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003e\u003cem\u003eDisclaimer:\u003c/em\u003e\u003c/strong\u003e\u003cem\u003e This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}}],"parsedBody":["\u003cp\u003e\u003cstrong\u003eNBCC\u003c/strong\u003e\u0026#8216;s share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003eThe NBCC Analyst:\u003c/strong\u003e Analysts at Nuvama upgraded the stock\u0026#8217;s rating to \u0026#8220;buy\u0026#8221; from \u0026#8220;hold\u0026#8221; with a price target of ₹133. The target indicates an around 47% upside from the stock\u0026#8217;s last closing price of ₹89.90.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003eThe NBCC Thesis:\u003c/strong\u003e Improved order intake, execution, and margins, coupled with progress in real estate monetization, are seen as positives by the analysts. The brokerage added that following the recent correction in the stock, it is upgrading the PSU\u0026#8217;s rating.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eNuvama highlighted that NBCC\u0026#8217;s revenue for the September quarter grew 19% year-on-year (YoY) and 15% sequentially to around ₹2,460 crore. However, the brokerage noted that the EBITDA margin declined by around 60 basis points YoY and 20 basis points quarter-on-quarter (QoQ) to 4.1%, \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41932498/nbcc-q2-net-profit-jumps-53-to-122-cr\"\u003ewhich weighed on the adjusted profit after tax (PAT). \u003c/a\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe company has guided for a revenue of ₹13,000 crore in FY25, up from ₹10,400 crore in FY24. The construction major expects EBITDA margins to improve to 5.5–6% (from 4.9% in FY24) and PAT margins to rise to 6–7%. The brokerage added that NBCC is also targeting a 20% YoY revenue growth in FY26.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42022982/garden-reach-shipbuilders-reports-4-dip-in-orderbook-at-24-221-cr-in-q2\"\u003eGarden Reach Shipbuilders Reports 4% Dip In Orderbook At ₹24,221 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe brokerage also mentioned the company\u0026#8217;s strong order. NBCC\u0026#8217;s consolidated o\u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003erder book grew QoQ to ₹84,400 crore in the September quarter, compared to ₹81,000 crore in the previous quarter. \u003c/a\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003eOf this, around ₹22,000 crore worth of projects are currently under execution. The company awarded contracts worth ₹3,600 during Q2FY25 and ₹7,300 crore in the first half of FY25, with plans to award ₹14,000 crore–15,000 crore worth of projects for the entire fiscal year, the brokerage noted.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eWhile the company\u0026#8217;s book-to-bill ratio stands at a robust 7.6x, around 45% of its order book comprises self-revenue-generating projects, where the pace of real estate monetization will play a critical role, according to Nuvama.\u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe brokerage noted that NBCC has fully sold its World Trade Center project and plans a bulk sale for the Sarojini Nagar project once the occupancy certificate is received. In the Amrapali project, the company has sold inventory worth ₹3,650 billion so far.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003ePrice Action:\u003c/strong\u003e NBCC\u0026#8217;s share price was up 0.22% to trade at ₹89.80 on Monday morning.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42022693/clsa-reverses-course-increases-allocation-to-indian-equities-while-cutting-back-on-\"\u003eCLSA Reverses Course, Increases Allocation To Indian Equities While Cutting Back On China\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003e\u003cem\u003eDisclaimer:\u003c/em\u003e\u003c/strong\u003e\u003cem\u003e This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\u003c/em\u003e\u003c/p\u003e"],"author":{"about":null,"byLine":"Benzinga Staff Writer","companyTitle":null,"companyUrl":null,"facebook":null,"firstname":"Benzinga India","lastname":"Staff","linkedin":null,"name":"Benzinga India Staff","picture":null,"profileUrl":"/author/benzinga-india-staff","twitter":null,"uid":1344650},"isHeadline":false,"quotes":[],"primaryImage":{"alt":"NBCC Shares Remain Under Pressure After Q2, But Analyst Sees Over 45% Upside Ahead","height":539,"url":"https://www.benzinga.com/files/images/story/2024/11/17/Stock-market-analysts.png","width":1024},"terms":[{"tid":"68","vid":"1","name":"Analyst Color","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/68","url_public":"analyst-ratings/analyst-color"},{"tid":"24769","vid":"1","name":"Equities","parent_id":"2","type":"Channels","url_drupal":"taxonomy/term/24769","url_public":"topic/equities"},{"tid":"57","vid":"1","name":"News","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/57","url_public":"news"},{"tid":"69","vid":"1","name":"Upgrades","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/69","url_public":"analyst-ratings/upgrades"},{"tid":"72","vid":"1","name":"Price Target","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/72","url_public":"analyst-ratings/price-target"},{"tid":"2","vid":"1","name":"Markets","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/2","url_public":"markets"},{"tid":"67","vid":"1","name":"Analyst Ratings","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/67","url_public":"analyst-ratings"},{"tid":"22","vid":"1","name":"Trading Ideas","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/22","url_public":"trading-ideas"},{"tid":"907997","vid":"3","name":"NBCC","parent_id":"0","type":"Entities","url_drupal":"taxonomy/term/907997","url_public":"topic/nbcc"}],"metaProps":{"author":"Benzinga India Staff","authorId":1344650,"authorType":"Benzinga Staff Writer","authorURL":"/author/benzinga-india-staff","canonical":"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42028665/nbcc-shares-remain-under-pressure-after-q2-but-analyst-sees-over-45-upside-ahead","dateCreated":"2024-11-18T09:28:58.000+05:30","dateUpdated":"2024-11-18T09:28:58.000+05:30","description":"NBCC's share price has remained under pressure ever since the company posted its earnings for the quarter ended September. However, analysts at Nuvama think the stock can bounce back.","dimensions":{"authorName":"Benzinga India Staff","channels":["Analyst Color","Equities","News","Upgrades","Price Target","Markets","Analyst Ratings","Trading Ideas"],"contentType":"benzinga_wire_india","isBZisBZPRO":true},"image":"https://cdn.benzinga.com/files/images/story/2024/11/17/Stock-market-analysts.png?width=1200\u0026height=800\u0026fit=crop","ogImage":"https://cdn.benzinga.com/files/images/story/2024/11/17/Stock-market-analysts.png?width=1200\u0026height=800\u0026fit=crop","ogType":"article","pageType":"story","shortUrl":"https://benzinga.com/z/42028665","structuredData":{"articleSection":"Analyst Color","keywords":["\"PageIsBzPro: BZ\"","\"CMS: WordPress\"","\"category: Analyst Color\"","\"category: Equities\"","\"category: News\"","\"category: Upgrades\"","\"category: Price Target\"","\"category: Markets\"","\"category: Analyst Ratings\"","\"category: Trading Ideas\"","\"tag: NBCC\""],"mentions":[],"pageType":"NewsArticle","speakable":"{\n \"@type\": \"SpeakableSpecification\",\n \"xpath\": [\"/html/head/title\", \"/html/head/meta[@name='description']/@content\"],\n \"cssSelector\": [\"#article-body p\"]\n }"},"title":"NBCC Shares Remain Under Pressure After Q2, But Analyst Sees Over 45% Upside Ahead ","translationMeta":{}},"url":"analyst-ratings/analyst-color/24/11/42028665/nbcc-shares-remain-under-pressure-after-q2-but-analyst-sees-over-45-upside-ahead"},{"id":"673abdf8d149ec00010e5aa0","nodeId":42028700,"userId":1741951,"versionId":50300617,"type":"benzinga_wire_india","published":true,"createdAt":"2024-11-18T04:09:29Z","updatedAt":"2024-11-18T04:09:29Z","title":"Hero MotoCorp Shares Jump 3% After Strong Q2 Results","titleSeo":"","body":"\u003cp\u003e\u003cstrong\u003eHero Motocorp\u003c/strong\u003e shares were on the rise on Monday after the company posted its results on Thursday last week that beat street estimates.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhat Happened: \u003c/strong\u003eThe two-wheeler maker \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41977061/hero-motocorp-q2-net-profit-jumps-14-to-1-203-54-cr-beats-estimates\"\u003eposted a net profit of ₹1,203.54 crore\u003c/a\u003e, making a 14% year-on-year increase. The company that manufactures \u003cstrong\u003eHarley Davidson\u003c/strong\u003e in India reported an 11% jump in revenue in operations to ₹10,463 crore in the quarter, beating analyst estimates. \u003c/p\u003e\n\n\n\n\u003cp\u003eThe company sold 15.20 lakh units in the quarter compared to 14.16 lakh units in the previous year. Niranjan Gupta, CEO of Hero Motocorp said that the company will release three models Xpulse 210, Xtreme 250R and Karizma XMR 250 in the Entry and Deluxe segment in the next 6 months.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eBrokerage Views: \u003c/strong\u003eJefferies gave a \"buy\" call with a target price of ₹5,500. The brokerage said that Q2 results were in line. EBITDA per vehicle rose to a new high in the quarter, said the research firm. According to Jefferies, the Indian two-wheeler market is poised for strong double-digit growth in the next 3 years. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003eHowever, the research firm noted that the company's decline in the 2-wheeler market share is a concern and adverse demand profile shifts are a concern. Any success of the company in the premium and EV segment will be positive. \u003c/p\u003e\n\n\n\n\u003cp\u003eNomura also kept a \"buy\" call with a target price of ₹5,805. The brokerage said that rural improvement is a key catalyst. Despite the company posting healthy earnings growth and attractive valuation, the margins have room to improve, the research firm said. The brokerage also expects the two-wheeler market to grow by 10% over FY25-26 due to rebalancing of growth and positive monsoons.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003eThe brokerage firm noted that there are early signs of rural pick up which will support sales as the rural mix makes up 54% of the sales. The research firm said that the company's margins will improve as EV drag reduces due to new models and PLI benefits. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePrice Action: \u003c/strong\u003eShares of Hero Motocorp rose 3.41% to ₹4,760.90 on Monday morning. \u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","name":"Ananthu C U","assets":[{"type":"image","title":"SPlendor","alt":"Hero Bikes","source":"Hero Promotional Material","mime":"","primary":true,"attributes":{"fid":"899620","filename":"SPlendor.jpeg","filepath":"files/images/story/2024/11/17/SPlendor.jpeg","filesize":0,"image_attributes":{"resolution":{"height":0,"width":0,"dpi":0}}}}],"partnerUrl":"","teaserText":"Hero Motocorp shares rise 3.41% after posting a net profit of ₹1,203.54 crore in Q2, with 11% jump in revenue. 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The company that manufactures ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Harley Davidson","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Harley Davidson","nodeType":1,"tag":"strong","tagAttributes":{}},{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":" in India reported an 11% jump in revenue in operations to ₹10,463 crore in the quarter, beating analyst estimates. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eWhat Happened: \u003c/strong\u003eThe two-wheeler maker \u003ca href=\"https://in.benzinga.com/news/earnings/24/11/41977061/hero-motocorp-q2-net-profit-jumps-14-to-1-203-54-cr-beats-estimates\"\u003eposted a net profit of ₹1,203.54 crore\u003c/a\u003e, making a 14% year-on-year increase. The company that manufactures \u003cstrong\u003eHarley Davidson\u003c/strong\u003e in India reported an 11% jump in revenue in operations to ₹10,463 crore in the quarter, beating analyst estimates. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The company sold 15.20 lakh units in the quarter compared to 14.16 lakh units in the previous year. Niranjan Gupta, CEO of Hero Motocorp said that the company will release three models Xpulse 210, Xtreme 250R and Karizma XMR 250 in the Entry and Deluxe segment in the next 6 months.","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"The company sold 15.20 lakh units in the quarter compared to 14.16 lakh units in the previous year. 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","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cstrong\u003eBrokerage Views: \u003c/strong\u003eJefferies gave a \"buy\" call with a target price of ₹5,500. The brokerage said that Q2 results were in line. EBITDA per vehicle rose to a new high in the quarter, said the research firm. According to Jefferies, the Indian two-wheeler market is poised for strong double-digit growth in the next 3 years. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"See Also: ","nodeType":3,"tag":"","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"EV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"EV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD","nodeType":1,"tag":"a","tagAttributes":{"href":"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md","target":"_blank"}}],"extracted":[],"hasChild":true,"innerHTML":"See Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e","nodeType":1,"tag":"em","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"However, the research firm noted that the company's decline in the 2-wheeler market share is a concern and adverse demand profile shifts are a concern. Any success of the company in the premium and EV segment will be positive. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"However, the research firm noted that the company's decline in the 2-wheeler market share is a concern and adverse demand profile shifts are a concern. Any success of the company in the premium and EV segment will be positive. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"Nomura also kept a \"buy\" call with a target price of ₹5,805. The brokerage said that rural improvement is a key catalyst. Despite the company posting healthy earnings growth and attractive valuation, the margins have room to improve, the research firm said. The brokerage also expects the two-wheeler market to grow by 10% over FY25-26 due to rebalancing of growth and positive monsoons. ","nodeType":3,"tag":"","tagAttributes":{}}],"extracted":[],"hasChild":true,"innerHTML":"Nomura also kept a \"buy\" call with a target price of ₹5,805. The brokerage said that rural improvement is a key catalyst. Despite the company posting healthy earnings growth and attractive valuation, the margins have room to improve, the research firm said. The brokerage also expects the two-wheeler market to grow by 10% over FY25-26 due to rebalancing of growth and positive monsoons. ","nodeType":1,"tag":"p","tagAttributes":{}},{"blockName":"core/html","childBlocks":[{"blockName":"core/html","childBlocks":[],"extracted":[],"hasChild":false,"innerHTML":"The brokerage firm noted that there are early signs of rural pick up which will support sales as the rural mix makes up 54% of the sales. The research firm said that the company's margins will improve as EV drag reduces due to new models and PLI benefits. 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The company that manufactures \u003cstrong\u003eHarley Davidson\u003c/strong\u003e in India reported an 11% jump in revenue in operations to ₹10,463 crore in the quarter, beating analyst estimates. \u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe company sold 15.20 lakh units in the quarter compared to 14.16 lakh units in the previous year. Niranjan Gupta, CEO of Hero Motocorp said that the company will release three models Xpulse 210, Xtreme 250R and Karizma XMR 250 in the Entry and Deluxe segment in the next 6 months.\u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003eBrokerage Views: \u003c/strong\u003eJefferies gave a \"buy\" call with a target price of ₹5,500. The brokerage said that Q2 results were in line. EBITDA per vehicle rose to a new high in the quarter, said the research firm. According to Jefferies, the Indian two-wheeler market is poised for strong double-digit growth in the next 3 years. \u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eSee Also: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42028604/ev-prices-may-not-drop-further-due-to-stabilising-battery-costs-says-tata-motors-md\"\u003eEV Prices May Not Drop Further Due To Stabilising Battery Costs, Says Tata Motors MD\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e","\n\n\n\n","\u003cp\u003eHowever, the research firm noted that the company's decline in the 2-wheeler market share is a concern and adverse demand profile shifts are a concern. Any success of the company in the premium and EV segment will be positive. \u003c/p\u003e","\n\n\n\n","\u003cp\u003eNomura also kept a \"buy\" call with a target price of ₹5,805. The brokerage said that rural improvement is a key catalyst. Despite the company posting healthy earnings growth and attractive valuation, the margins have room to improve, the research firm said. The brokerage also expects the two-wheeler market to grow by 10% over FY25-26 due to rebalancing of growth and positive monsoons.\u0026nbsp;\u003c/p\u003e","\n\n\n\n","\u003cp\u003eThe brokerage firm noted that there are early signs of rural pick up which will support sales as the rural mix makes up 54% of the sales. The research firm said that the company's margins will improve as EV drag reduces due to new models and PLI benefits. \u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cstrong\u003ePrice Action: \u003c/strong\u003eShares of Hero Motocorp rose 3.41% to ₹4,760.90 on Monday morning. \u003c/p\u003e","\n\n\n\n","\u003cp\u003e\u003cem\u003eRead Next: \u003ca href=\"https://in.benzinga.com/markets/equities/24/11/42023014/nbcc-sees-orderbook-expand-to-84-400-cr-in-q2\"\u003eNBCC Sees Orderbook Expand To ₹84,400 Cr In Q2\u003c/a\u003e\u003c/em\u003e\u003c/p\u003e"],"author":{"about":null,"byLine":"Benzinga Staff Writer","companyTitle":null,"companyUrl":null,"facebook":null,"firstname":"Ananthu","lastname":"C U","linkedin":null,"name":"Ananthu C U","picture":null,"profileUrl":"/author/ananthucu-benzinga-com","twitter":null,"uid":1741951},"isHeadline":false,"quotes":[],"primaryImage":{"alt":"Hero MotoCorp Shares Jump 3% After Strong Q2 Results","height":1000,"url":"https://www.benzinga.com/files/images/story/2024/11/17/SPlendor.jpeg","width":1000},"terms":[{"tid":"68","vid":"1","name":"Analyst Color","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/68","url_public":"analyst-ratings/analyst-color"},{"tid":"24769","vid":"1","name":"Equities","parent_id":"2","type":"Channels","url_drupal":"taxonomy/term/24769","url_public":"topic/equities"},{"tid":"57","vid":"1","name":"News","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/57","url_public":"news"},{"tid":"72","vid":"1","name":"Price Target","parent_id":"67","type":"Channels","url_drupal":"taxonomy/term/72","url_public":"analyst-ratings/price-target"},{"tid":"2","vid":"1","name":"Markets","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/2","url_public":"markets"},{"tid":"67","vid":"1","name":"Analyst Ratings","parent_id":"0","type":"Channels","url_drupal":"taxonomy/term/67","url_public":"analyst-ratings"},{"tid":"24","vid":"1","name":"Movers","parent_id":"22","type":"Channels","url_drupal":"taxonomy/term/24","url_public":"movers"},{"tid":"876721","vid":"3","name":"Hero Motocorp","parent_id":"0","type":"Entities","url_drupal":"taxonomy/term/876721","url_public":"topic/hero-motocorp"}],"metaProps":{"author":"Ananthu C U","authorId":1741951,"authorType":"Benzinga Staff Writer","authorURL":"/author/ananthucu-benzinga-com","canonical":"https://in.benzinga.com/analyst-ratings/analyst-color/24/11/42028700/hero-motocorp-shares-jump-3-after-strong-q2-results","dateCreated":"2024-11-18T09:39:29.000+05:30","dateUpdated":"2024-11-18T09:39:29.000+05:30","description":"Hero Motocorp shares rise 3.41% after posting a net profit of ₹1,203.54 crore in Q2, with 11% jump in revenue. 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