Infrastructure
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Sensex ends below 9K ahead of fiscal stimulus package
The benchmark indices witnessed profit booking and lost more than half of the gains seen on Thursday. Commodities, infrastructure, metal, FMCG and telecom stocks took huge beating on the bourses. Fall in European markets weighed on our markets as well.
IRB Infrastructure continues to gain
IRB Infrastructure Developers had touched an intraday high of Rs 88.00 and an intraday low of Rs 82.45. At 2:56 pm, the share was quoting at Rs 87, up Rs 5.30, or 6.49%. It was trading with volumes of 61,787 shares. Yesterday the share closed up 6.17% or Rs 4.75 at Rs 81.70.
Ashish Chugh bullish on Marg, Maharashtra Scooters
Ashish Chugh, Investment Analyst and Author, Hidden Gems, is bullish on Marg Ltd and Maharashtra Scooters. The former, he said, is a Bajaj Auto group company and holds 33.87 lakh shares in each of the three demerged entities. He likes Marg as it is a play on the realty and infrastructure space.
Marg to build, operate Bijapur airport
Chennai, Dec. 4 Marg Ltd, a Chennai-based company engaged in infrastructure development, has won the contract for building and operating an airport at Bijapur,
Shrimp farmers seek compensation
Chennai, Dec. 4 The recent cyclone has destroyed over 1,000 ha shrimp farms and farm infrastructure and machinery estimated at about Rs 150 crore, according to a press release from the Prawn Farmers Federation of India.
Bullish on Power, Cap Goods, Infra:Karvy
Ambareesh Baliga of Karvy Stock Broking says that the leaders in the next up move could be power, capital goods and infrastructure.
Low-cost housing stimulus needed: Bhalla
Surjit Bhalla of Oxus Fund Investment says the Indian economy needs a stimulus package in infrastructure and-low cost housing.
IDFC zooms on hopes of govt stimulus package
Shares of Infrastructure Development Finance Company (IDFC) jumped 14.3 per cent to close at Rs 61.60 on expectations of a stimulus package to be announced by the government soon.
MARG to develop greenfield airport at Bijapur
Chennai-based MARG Ltd, infrastructure and real estate development company, has been awarded the contract for development and operation of the greenfield airport at Bijapur by the Karnataka government
High interest rates may hit earnings of construction firms
Engineering and construction companies such as Larsen & Toubro (L&T) and Gammon Infrastructure may see a pressure on their earnings as working capital funds becomes expensive owing to higher