Market this week 30-12-2022

Market this week 30 12 2022 1

Kotak expects GMR Infra to rise 10% as a result of potential debt reduction.

With a ‘buy’ rating and a target price of Rs. 43, Kotak Institutional Equities is positive on GMR Airports Infrastructure and anticipates a 10% increase from current levels. The likelihood of the company’s debt reduction is a major driver of the bullishness.

In a meeting with analysts at KIE, the company’s management said that the payout from Groupe ADP may be closed by FY2025. A 49 percent share in GMR Airports, an unlisted company, is held by Groupe ADP.

Gains in Ashoka Buildcon’s stock following a Rs. 775 billion order

On December 29, when the business said it had received an order for Rs 755 crore from Madhya Pradesh PoorvKshetra Vidyut Vitaran (MPPKVVCL), shares of Ashoka Buildcon Ltd (ABL) increased by more than 4%.

The stock increased as much as 4.2 percent in the early trades, reaching an intraday high of Rs 91.85 per share. At 9.45 am, the stock was up 1.6 percent from its previous close, trading at Rs 89.55 on the BSE. This was the fourth session that the stock traded upward, and during that time it increased by more than 16 percent. Its overall decline for the year is 10.5 percent.

The project is to separate 11 KV mix feeders and mix DTRs under the revamped reforms-based and results-linked distribution sector (Package-06) in the Balaghat circle, Satna circle, and Rewa circle of MPPKVVCL, Jabalpur Company area. The project includes the supply, installation, testing, and commissioning of new 11 KV lines, LT line on AB cable, distribution transformer substation, and supporting works such as DPs, TPs,

Today’s Dish TV AGM is to approve the FY21 and FY22 results for the shareholders.

The 34th annual general meeting of direct-to-home provider Dish TV will be held on December 29 at 12:30 p.m. for shareholders to review and approve its audited financial statements for FY21 and FY22.

In its previous AGM, which was conducted on September 26, the results were not approved by the required majority of shareholders.

The ordinary resolution for the adoption of the audited standalone and consolidated financial statements and report of the board of directors and auditors for 2020–21 had been rejected by the shareholders.

Similarly, the adoption of the board of directors’ and auditors’ report, as well as the audited standalone and consolidated financial statements for 2021–2022, was defeated by 77.08 percent of the vote.

In response to a Rs 150 crore contract, Aurionpro Solutions increases by 9%.

On December 26, Aurionpro Solutions’ stock soared when the firm said that a payment facilitator that is also a client had placed a “significant” new order with its US-based subsidiary.

The business said that the new order from one of the biggest payment facilitators in the US that provides merchant payment services in the insurance financing segment will aid in the expansion of the already established long-term partnership with this important client.

The stock price increased by roughly 9% to Rs 328 as of 10.40am. The stock hasn’t performed all that well so far this year. When including today’s gain, it has increased by around 6% so far this year. But during the past three years, it has produced a 454 percent increase.

As COVID dread comes to haunt D-Street, hotel, airline, and quick service restaurant stocks suffer.

This year, reopening theme stocks have completed a full circle. They had a strong start to 2022 as India returned to routine, but now that COVID-19 cases are on the rise around the world, they are suffering.

Interglobe Aviation, Indian Hotels, Lemon Tree, Devyani International, Jubilant Foodworks, PVR, and Inox stocks all experienced a 2–5 percent decline on December 23 as India stepped up its efforts to stop a new wave of infections as large gatherings are anticipated during the Christmas and New Year’s celebrations.

According to officials at the Union Health Ministry, Omicron’s BF.7, the COVID-19 variation thought to be responsible for the recent uptick in illnesses in China, was found in India on December 21. According to them, all four confirmed cases connected to the new strain have made a full recovery.

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