Tue, Oct 29, 2024 1:04 PM
Finova Capital raises $135 mn from Series E round
A Flip by Shubhangi Gupta
Shares of IRB Infrastructure Developers dropped as much as 4 percent on October 31 bogged down by the company's subdued earnings performance for the July-September quarter. At 10.20 am, shares of IRB Infra were trading at Rs 52.19 on the NSE. Including today's fall, the stock is now down over 21 percent in the last three months.
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Shares of Jupiter Wagons Ltd surged over 5 per cent on October 31 after its subsidiary, Jupiter Electric Mobility (JEM), announced the acquisition of Log9’s Railway Battery and Electric Truck Battery divisions. The acquisition, which includes both technology and business assets of Log9 for its Railway Battery and Electric Truck Battery Divisions, aims to strengthen JEM’s position.
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Jefferies adopts a cautiously optimistic stance on India's equity market, citing robust supply and strong domestic demand. Despite high supply, Jefferies recommends a cautious approach, favoring banks, two-wheelers, healthcare, and telecom. The firm raises its IT sector rating to neutral and downgrades consumer staples, citing shifting growth potential.
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