Bharti Airtel plans to raise $400 million (Rs 2,617.2 crore) by selling 3.5 per cent in listed tower unit Bharti Infratel.
Simplex Infra bags Rs 1,080 crore Mumbai metro job.
Havells India Signs a pact with South Korea’s Hyundai Electric for supply of low and medium voltage protection, and switching devices
Kei Industries: Revenue up 28% at 748cr. EBITDA up 14% at 76.2cr. Margins down 140bps at 10.2%. PAT up 33% at 28.5cr
Repco Home Finance: Net interest income up 21.2 % to Rs 109.3 cr. Profit 22.3 percent higher at Rs 55.87 cr. Net interest margin at 4.8 % from 4.3 % (QoQ). Gross NPA at 3.4 % from 3.97 % (QoQ). Net NPA at 1.9 % from 2.6 % (QoQ).
Star Cement: Revenue down 10% at 280cr. EBITDA up 30% at 76.6cr. Margins up 850 bps at 27.4%. PAT up 41% at 18.5cr.
Stocks to watch:
Positive: #BHARTIARTL #SIMPLEXINF #HAVELLS #KEI #REPCOHOME #STARCEMENT #INDHOTEL #IDFC