Shares of Tata Power are quiet in trade on May 15 after the company reported strong Q4FY25 results and outlined a roadmap to scale core businesses, particularly in power distribution and clean energy.Tata Power said it has plans to expand electricity distribution footprint and said during the post-earning call that it intends to bid for two discoms in Uttar Pradesh - Dakshinanchal Vidyut Vitran Ni...

Shares of Jindal Steel and Power were sharply down by more than 10% on January 31 after a weak December quarter result that saw the net profit fall by 51% on year and the EBITDA margin slipped to 18.59% as against 24.30% a year ago.Citi has recommended a Sale on the JSPL stock with a target price of Rs 765 per share while the shares trade below that mark. The note added that investors may be conce...

Kotak Institutional Equities maintained a 'sell' rating on Larsen & Toubro Ltd, lowering the target price to Rs 3,100 from Rs 3,753 per share amid concern over Saudi Arabia scaling down spending programmes.Recent developments have raised doubts about the growth consistency of Saudi projects. Saudi Aramco has reduced the medium-term capex by $50 billion and hinted at reaching a capex peak earlier t...

Adani Airports has a Rs 60,000-crore capex plan for the next 10 years, says Karan Adani, Around Rs 30,000 crore will be spent on the ‘airside’ in the next five years, while another Rs 30,000 crore will be allocated to the ‘cityside’ in the next five to 10 years at its seven existing airports.The Adani Group has lined up Rs 60,000 crore to expand the seven existing airports in its portfolio...

India’s government will likely increase capital expenditure for the next fiscal year, though the size of the jump may be lower than previous budgets because of a broader economic slowdown, said Sonal Varma, an economist for Nomura Holdings Inc. “The primary focus for the budget will be to push up public capex, or rather to continue to push on public capex, because private capex hasn’t real...