AFCONS INFRASTRUCTURE
Sensex Rejig: Trent, BEL to see over $700 million in inflows; Nestle, IndusInd face exit
The BSE Sensex will see a reshuffle on June 23, with Trent and BEL replacing Nestle India and IndusInd Bank. Passive fund flows of over $700 million are expected on June 20. BEL could receive $378 million and Trent $330 million in inflows, driven by index inclusion. BEL has surged 38% in six months, while Trent declined 15%.
'Don’t make me famous': IISc woman professor’s response to praise for Chenab Railway bridge goes viral
Dr. G Madhavi Latha, an IISc professor, humbly downplayed her crucial role in the Chenab Bridge project, urging against unwarranted fame. She emphasized the collaborative effort behind the engineering marvel, redirecting attention to the countless unsung heroes involved. Despite her significant contributions and accolades, Dr. Latha remains grounded, highlighting the importance of teamwork in national projects.
Afcons Infra shares jump 6% on Rs 700 crore LoA from Reliance Industries
Afcons Infrastructure's shares surged nearly 6% following a Rs 700 crore work order from Reliance Industries for their Vinyl Projects in Dahej, Gujarat. This includes civil, mechanical, and associated works. Despite a Q4 profit decline, analysts maintain a 'Strong Buy' rating with an average target price of Rs 543, indicating a potential upside.
Quant Small Cap Fund increases stake in Jio Financial Services, NCC and reduces in Aadhar Housing Finance
Quant Small Cap Fund increased holdings in Jio Financial, NCC, and eight other stocks in May while exiting five stocks and adding 10 new names including Aditya Birla Lifestyle and Aarti Industries. Its portfolio now holds 92 stocks with Rs 28,205 crore AUM.
Chenab bridge: How project team navigated through steep slopes on horses, mules
The Chenab Bridge, Anji Rail Bridge and Udhampur-Srinagar-Baramulla Rail Link project were inaugurated by Prime Minister Narendra Modi. He also flagged off Vande Bharat trains connecting Katra to Srinagar. The Chenab bridge is the world's highest railway bridge. Construction involved overcoming challenges like difficult terrain. Horses and mules were initially used for transport.
Chenab bridge: How project team navigated through steep slopes on horses, mules
The Chenab bridge construction team overcame Himalayan challenges to connect Kashmir to Kanyakumari by rail. Horses and mules were initially used for transport. Roads were later built. Prime Minister Narendra Modi inaugurated the Chenab Bridge, Anji Rail Bridge, and the USBRL project. He also flagged off Vande Bharat trains. The Chenab Railway Bridge symbolizes India's resolve.
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FTSE Index Rejig: Hyundai Motor, NTPC Green, Swiggy, and Waaree Energies to join largecap segment in June review
Hyundai Motor India, NTPC Green Energy, Swiggy, and Waaree Energies are set to join the largecap segment of FTSE’s global equity indices in the June 2025 review. These recent IPOs have seen mixed listing performances. Meanwhile, ITC Hotels will shift to midcap, and Vishal Mega Mart joins midcaps, with several new additions across smallcap and microcap segments.
Large & midcaps give a photo finish on 1-year returns, smallcaps trail by margin
Large and midcap indices delivered similar 1-year returns, with Nifty Midcap 100 slightly outperforming Nifty 100 though the the 50-stock Nifty has a superior 12-month return of 10%. FIIs favoured largecaps amid expensive mid- and smallcap valuations, driving market preference toward stability. Smallcaps underperformed due to valuation concerns. Divi's Labs, BSE and PG Electroplast have been toppers in respective categories.
Q4 results this week: ITC, Sun Pharma, IndusInd Bank, IndiGo, BEL among 81 companies set to announce earnings
India Inc's Q4 earnings season intensifies with 81 firms, including ITC, Sun Pharma, ONGC, and Hindalco, set to report this week, offering insights into sectoral performance and future growth outlooks.
Quant Small Cap Fund increases stake in Shipping Corporation of India, NCC, and 8 other stocks
Quant Small Cap Fund increased its stake in 10 stocks, including Shipping Corporation of India, NCC, and Castrol India. The fund added new stocks like National Building Corporation, Delhivery, and Emami while exiting Bandhan Bank, BLS International, and Tata Chemicals. The fund focuses on high-growth, undervalued small-cap companies.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Markets declined sharply Tuesday with Sensex falling 1.55% and Nifty 1.39%, driven by profit booking and concerns over FII outflows to China post US trade truce. Analysts see continued midcap strength and optimism for FY26 earnings growth.
These mid-cap stocks with ‘strong buy’ & ‘buy’ recos can rally over 30%, according to analysts
Geopolitical tensions were the top concern of the markets in the past couple of weeks. The way things have panned out so far, it would appear that any risk linked to that may well be behind us soon. Now, an interesting fact is that FPI flows also turned positive in the past couple of weeks. That is, in the period when it was known that there was a likelihood of increased geopolitical tensions. So, the money that is coming in is well aware of the risk. And if FPI monies keep pouring in, there is a likelihood that we may see some life coming back to the mid-cap segment of the market.
These mid-cap stocks with ‘strong buy’ & ‘buy’ recos can rally over 35%, according to analysts
After five months of cooling off in the mid-cap segment, can we say valuations are fairly priced? The answer is no. But does it mean that we should avoid this segment? The answer is, again, no. The reason: We are at a stage where, rather than broad-brushing, it is better to adopt a sector-by-sector and stock-by-stock approach. If the Nifty and market breadth stay positive in the coming trading sessions, it is likely we will see mid-caps gaining strength. It may also probably signal the end of this phase of correction.
Nuvama sees Afcons Infra in a ‘league of its own’, initiates coverage with Rs 535 target price
Nuvama initiated coverage on Afcons Infrastructure with a ‘buy’ rating and Rs 535 target, citing strong financials, consistent growth, and a robust order book. The company’s diversified operations, reduced leverage, and expertise in complex projects support long-term revenue visibility.
Afcons Infrastructure shares in focus after securing Rs 1,283-crore contract from Hindustan Gateway in Gujarat
Afcons Infrastructure, part of the Shapoorji Pallonji Group, has secured a major Rs 1,283 crore project for the marine package at Tuna Tekra, Gujarat, with a 29-month completion timeline. The company also emerged as the lowest bidder for two Pune Ring Road projects worth Rs 4,787.20 crore. Afcons' shares have declined 15% year-to-date.
Afcons Infrastructure shares rise 3% after securing Rs 4,787 crore Pune Ring Road project
Afcons Infrastructure's shares spiked 3.5% as it became the lowest bidder for two Pune Ring Road (East) projects worth Rs 4,787.20 crore. Despite a year-on-year revenue decline, the company's Q2 consolidated net profit rose by 30%. The stock's technical indicators show a bearish trend.
Afcons Infrastructure shares rally nearly 4% as company bags Rs 1,274 crore work order
Afcons Infrastructure's shares surged by 3.7% after securing a Rs 1,274 crore contract from the Uttarakhand government for constructing a dam. Despite a muted IPO debut, the company attracted investments from Goldman Sachs and Nomura.
Afcons Infrastructure shares rise over 8% post listing. Should you buy, sell or hold?
Afcons Infrastructure shares rose 8.4% to ₹461.7 after a weak debut, reflecting an 8% discount from its IPO price, amid cautious market sentiment and strong long-term growth potential.
Afcons Infrastructure shares list at 8% discount over IPO price
Afcons Infrastructure's shares opened at an 8% discount on NSE and a 7% discount on BSE compared to the issue price. The company plans to use the IPO proceeds to buy equipment, fund working capital, repay debt, and for general purposes. Afcons is recognized as a leading international infrastructure firm with operations in multiple sectors.
Afcons Infrastructure IPO sails through on final day of bidding. Check GMP, details
Afcons Infrastructure's IPO, a Shapoorji Pallonji company, was fully subscribed on the last day with the issue receiving bids 1.10 times the total size. The retail portion saw 52% subscription while non-institutional investors subscribed 2.42 times. The company plans to use the proceeds for construction equipment, working capital, and debt repayment.
Afcons Infrastructure IPO lags with 36% subscription on Day 2. GMP drops to 4%. Check details
Afcons Infrastructure's IPO was only 18% subscribed on day two. Analysts recommend long-term investment, citing a strong business model despite challenges like low profit margins and government dependency.
Afcons Infrastructure subscribed 10% on first day of bidding. Check price band, GMP and other key details
Market analysts report that Afcons Infrastructure's current GMP stands at Rs 45-50 (10%) in the unlisted market. The IPO, which closes on October 29, includes a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by promoter Goswami Infratech.
Afcons Infra's Rs 5,430 cr IPO opens tomorrow. Price band, GMP among 10 things to know before subscribing
The initial public offering (IPO) of Afcons Infrastructure will open for subscription on October 25 and close on October 29. The company aims to raise approximately Rs 5,430 crore through this public offer.
Afcons Infrastructure IPO opens for subscription. Check GMP, price band & other key details
Afcons Infrastructure IPO GMP: The initial public offering (IPO) of Afcons Infrastructure, a Shapoorji Pallonji company, opened for subscription on Friday and will close on October 29. The offering includes a fresh issue of shares valued at Rs 1,250 crore and an OFS of up to Rs 4,180 crore by promoter. Current GMP of Afcons is Rs 60, indicating a premium of 13% to the issue.
Shapoorji Pallonji Group's Afcons Infrastructure sets price band for its IPO. Check details
Afcons Infrastructure's initial public offer (IPO) will open for subscription on October 25 and close on October 29. The Shapoorji Pallonji Group's construction company aims to raise around Rs 5,430 crore through the IPO.
Shapoorji Pallonji Group's Afcons Infra to float Rs 5,430-cr IPO on October 25
Afcons Infrastructure Ltd, a part of the Shapoorji Pallonji Group, is set to launch a Rs 5,430-crore IPO on October 25, featuring both fresh shares and an offer for sale by promoter Goswami Infratech. The proceeds will be used for equipment, working capital, and debt repayment.
ONGC, Afcons Infra announce separate cyclone Tauktae compensation plans
ONGC and its service provider Afcons Infrastructure Ltd have announced separate compensation plans for the families of the deceased and the survivors of the barge that sank after being hit by Cyclone Tauktae on Monday.
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