- The rollout of 5G is projected to be beneficial for the communication sector.
- TD Power Systems is temporarily inaccessible as a result of a cyberattack.
- Both the Sensex and the Nifty were down by 254.77 points or 0.39 percent each, closing at 64,896.25 and 19,293.30.
With a target price of Rs 1,270 per share, the company has a buy rating. Housing and capital expenditures in India are seen as being advantageous to the company, with significant volume growth in electrical wires supporting sales and PAT increase in Q1.
The rollout of 5G is projected to be beneficial for the communication sector, and the price erosion in optical fiber could be stopped with import ADD starting on August 5. The company forecasts an EPS gain of 7-8% for the years FY24 through FY26 and a sales/PAT CAGR of +19%/22 percent.
Today’s Stock
Due to personal and family obligations, Subhasis Sinha has resigned from her position as Head-HR, senior management staff, at Tribhovandas Bhimji Zaveri. To distribute, transmit, and sell construction chemicals from the UK into Ireland as an EU-Entity for importer responsibilities, Astral’s subsidiary Seal IT Services, UK has created a new step-down subsidiary.
TD Power Systems has stated that although its website (www.tdps.co.in) is temporarily inaccessible as a result of a cyberattack, all operational systems remain operational.
On August 21, Deep Polymers will decide whether to approve a proposal for the issuing of equity shares through a preferential allotment.
Shirit Singhania has resigned from his position as CEO and director of Udaipur Cement Works, and the company’s shareholders have accepted it. The industry had its biggest revenue weekend with the highest admissions in ten years, while PVR Inox had its busiest day ever in terms of admissions and GBOC.
Both the Sensex and the Nifty were down by 254.77 points or 0.39 percent each, closing at 64,896.25 and 19,293.30, respectively. For the international A2P SMS traffic from Vodafone Idea Limited, Route Mobile and VIL entered into an exclusive collaboration.
