The government has given infrastructure status to logistics sector, covering cold chain and warehousing facilities, a move that is likely to attract more funding at competitive rates for these segments.
NBCC awards Rs 524 crore order to Simplex Infra for construction of IIT buildings in Bhubaneswar.
Quess Corp acquires 51% Stake in Tata Business Support Systems for `153 Cr.
Satin Creditcare: The National Housing Bank has granted ‘certificate to commence business of a Housing Finance
ARSS Infra wins order worth 87cr for work of roadbed, major & minor bridges, track linking, S&T service buildings, other civil works.
MIRC Electronics (Q2, YoY): Revenue up 39 % at Rs 201 cr. Profit at Rs 12 cr from a loss of Rs 9.9 cr. EBITDA up 177 % at Rs 21.3 cr. vs Rs 7.7 cr. Margin at 10.6 % from 5.3 %.
Sector to watch:
Positive: Logistic
Stocks to watch:
Positive: #NBCC #SIMPLEXINF #QUESS #SATIN #ARSSINFRA #MIRCELECTR
