ICICI Prudential Mutual Fund through its ICICI Prudential Equity & Debt Fund buys additional 14.95 lakh shares in Kalpataru at an average price of Rs 485 per share
Usually, the Promoter selling stake in the company is seen as a negative by the market.
The name was changed after the receipt of approvals from shareholders and regulatory authorities including Ministry of Corporate Affairs, a company statement said.
Prabhudas Lilladher is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 625 in its research report dated May 09, 2023.
Sharekhan is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 695 in its research report dated May 09, 2023.
The board of directors on April 10, 2023 has approved change of name of the company from Kalpataru Power Transmission Limited to “Kalpataru Projects International Limited”.
Kalpataru Power Transmission Limited (KPTL) and its international subsidiaries have secured new orders/notification of awards of Rs 2,477 crore, a statement said.
Sharekhan is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 695 in its research report dated March 13, 2023.
Sharekhan is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 590 in its research report dated February 10, 2023.
Kalpataru Power Transmission Ltd (KPTL) and its international subsidiaries have secured new orders/notification of awards of Rs 3,185 crore, a company statement said.
Prabhudas Lilladher is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 670 in its research report dated February 12, 2023.
HDFC Securities is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 708 in its research report dated February 09, 2023.
These orders include residential and commercial buildings construction projects in the country worth Rs 1,427 crore and T&D (Transmission and distribution) business orders worth Rs 498 crore in India and overseas markets, a company statement said.
The combined entity will have a significant presence in India and projects in 67 countries, with offerings in well diversified areas of power transmission and distribution, buildings and factories, water, railways, oil and gas and heavy civil infrastructure.
The orders have been secured in India and overseas markets in the T&D business, KPTL said in a statement.
Emkay Global Financial is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 615 in its research report dated December 08, 2022.
Prabhudas Lilladher recommended accumulate rating on Kalpataru Power Transmission with a target price of Rs 549 in its research report dated November 11, 2022.
"Kalpataru Power Transmission Limited (KPTL) and its international subsidiaries has secured new orders/notification of awards of Rs 1,290 crore," the company said in a statement.
MCX India has witnessed a breakout of a bullish double bottom pattern formation on the longer time frame while on the daily chart; it has given a breakout of a bullish Inverse Head & Shoulder pattern with huge volume.
FII flows, global cues, along with currency markets, will play a vital role in deciding the market direction