Deepak kumar Blogs

  Sri Jagannath International Airport will be constructed near Puri’s Sipasarubali area (Image/@CMO_Odisha) © Provided by Deepak kumar blogs T he development of Odisha’s Puri International  Airport  got a new fillip as Odisha Industrial Infrastructure Development Corporation (IDCO) has invited tenders for the first-phase development, operation, and maintenance of the proposed airport, officials privy to the matter mentioned. Named as Sri Jagannath International Airport, it’ll be constructed near Puri’s Sipasarubali area, officials said. Further, the first phase entails work on public-private-partnership (PPP) mode for 4.6 million passengers per annum (mppa) capacity at an estimated cost of Rs 2,203 crore at an appropriate area of around 1,165 acres, the officials said. Tender details  It is noteworthy that the eligible bidder will required to complete the construction work in 1,095 days and maintain it for seven years from the commencement of commercial operatio...

The shares of One 97 Communications (Paytm) gained 5% to hit the upper circuit for the second straight session on Monday, February 19. This development came after the crisis-ridden company partnered with Axis Bank for the settlement of merchant payments. One97 Communications has shifted its nodal account to Axis Bank through an escrow account that it has opened with it. Additionally, the stock received a boost following the  Reserve Bank of India's (RBI) FAQs , providing clarification on the continuation of Paytm QR, Card machine, and Soundbox  services beyond March 15. At the opening bell, Paytm's stock reached its upper price band of 5% at ₹358.55 on BSE. While brokerage firm Bernstein recommended an outperform rating on the stock with a target of ₹550, Citi maintained a sell call on the stock despite suggesting a target of ₹550. Paytm shares hit upper circuit for second day on Axis Bank partnership, RBI deadline extension © Provided by CNBCTV18 Citi acknowledged the po...

Shares of Sula Vineyards Ltd., India's biggest wine manufacturer, plunged over 7% in Monday's trade as equity stake worth ₹676.6 crore in the wine-maker was offloaded through an open market transaction. About 1.16 crore shares, representing 13.76% equity stake, was sold at an average price of ₹579 per share. Verlinvest Asia was looking to offload its entire stake in  Sula Vineyards  through large deals in the open market. The institutional investor currently owns an 8.34% stake in the company. Sula Vineyards sees ₹676.6 crore worth block deal, stocks tanks 7% © Provided by Deepak kumar blogs The floor price was at a discount of nearly 5% to Friday's closing price of ₹610 on the NSE. On Monday, the stock was trading 7.20% higher at ₹573.10 apiece on NSE. Sula Vineyards, which made its stock market debut in December 2022, has risen more than 86% since its listing. The stock is up 16% so far this year and 50% in the last one year. Sula Vineyards Q3 update Sula Vineyards...

  Hot Stocks: Brokerage view on Paytm, Policy Bazaar, Cummins India and Quess Corp © Provided by Deepak kumar blogs B rokerage firm Nuvama remains positive on Quess Corp, Morgan Stanley recommended an Equal Weight rating on PB Fintech, and Citigroup has a sell rating on Paytm. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nuvama on Quess Corp: Target Rs 630 Nuvama sees limited downside in Quess Corp and sees a strong value unlocking in the near future. There are high odds of medium-term upside. The investment bank raised the target price to Rs 630 from Rs 580 earlier. The option to own pure staffing is an attractive one. Quess's staffing business alone should be valued around the current market cap. Morgan Stanley on PB Fintech: Equal Weight| Target Rs 1010 Morgan Stanley maintained an Equal Weight rating on PB Fintech with a target price of Rs 1010. The company has received in-principle approval for an upgrade to composite i...