Broker’s call: APL Apollo (Buy)

Target: ₹1,693 CMP: ₹1,410.65 APL Apollo Tubes’ Q1-FY25 performance was in line with our expectations. Revenue grew 9.4 per cent YOY to ₹4,970 crore, driven by volume growth of 9.1 per cent YOY. Gross margin improved 40 bps to 14.2 per cent, thanks to a better product mix. However, EBITDA/t declined by 10 per cent…

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Broker’s call: Signature Global (Buy)

Target: ₹2,000 CMP: ₹1,477.55 Signature Global began its operations in 2014 and in just a decade, it has become one of the leading real estate developers in the Delhi-NCR market. The company commenced its journey in the affordable and low/mid-income housing segment by leveraging the State government’s housing policies. Through its standardised offerings and quick…

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Vascon Engineers bags ₹331 crore contract for medical college in Sindhudurg 

Vascon Engineers Limited announced today that it has received a Letter of Acceptance for a ₹331.38 crore project from the Chief Engineer, Public Works, Regional Department, Konkan Mumbai. The project involves constructing a medical college for 100 students, a 500-bed hospital, and ancillary buildings in Sindhudurg. Vascon Engineers Limited shares were trading at ₹76.22, up…

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Sensex and Nifty remain in the red

Sensex and Nifty continued their downward trend on Tuesday afternoon, with both major indices registering losses. The BSE Sensex stood at 79,272.62, down 376.3 points or 0.47 per cent from the previous close, while the Nifty fell to 24,235.45, dropping 111.55 points or 0.46 per cent. The markets opened marginally lower in the morning, with…

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