CARE also retained its rating on company's non-convertible debentures worth Rs 525 crore at A- but outlook revised to negative from stable
Simplex' gross debt on books increased Rs 115 crore QoQ to Rs 3,651 crore in Q4 FY19, higher than its target of Rs 3,200-3,400 crore in FY19
Simplex Infrastructures in focus as the company has won Rs 524 crore order from NBCC for a construction of IIT buildings at Bhubaneswar.
"We have received an order from NBCC (India) Ltd for Rs 524 crore for construction of institutional buildings in Bhubaneswar, Odisha," Simplex Infrastructures said in a BSE filing.
Dolat Capital is bearish on Simplex Infrastructures has recommended sell rating on the stock with a target price of Rs 397 in its research report dated August 17, 2017.
According to Ashish Kyal of Waves Strategy Advisors, one may buy Gujarat Fluorochemicals with a target of Rs 765.
Ashwani Gujral of ashwanigujral.com suggests buying Simplex Infrastructures, RBL Bank and Can Fin Homes.
ICICI Direct is bullish on Simplex Infrastructure has recommended buy rating on the stock with a target price of Rs 365 in its research report dated February 16, 2017.
Tata Motors | Sun Pharma | DLF | Cadila Health | Jindal Steel | SpiceJet | Adani Enterprises | MOIL | Cox & Kings | HDIL | Liberty Shoes | Voltas | National Fertilisers | Ashiana Housing | Power Mech | Intellect Design Arena are stocks, which are in the news today.
Warhol Limited sold 402,000 shares of Simplex Infra at Rs 306.01 per share on the BSE.
According to Satish Gupta of astrostocktips, infrastructure stocks like NCC, IRB Infra, Simplex Infra, Hindustan Construction Company, Supreme Infra and Gayatri Projects will get astrological support.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Capital, Ajanta Pharma and Simplex Infra.
Ashwani Gujral of ashwanigujral.com recommends buying Rashtriya Chemicals and Fertilisers, Can Fin Homes, NBCC, Bharat Financial Inclusion and Bajaj Finance.
ICICI direct is bullish on Simplex Infrastructure has recommended buy rating on the stock with a target price of Rs 390 in its research report dated December 07, 2016.
Edelweiss is bullish on Simplex Infrastructures has recommended buy rating on the stock with a target price of Rs 382 in its research report dated December 06, 2016.
Engineering firm Simplex Infrastructures Ltd today said it has received shareholders' nod to raise up to Rs 200 crore by issuing non-convertible debentures on private placement basis.
Simplex Infrastructure, J Kumar Infraprojects and NCC have won the contracts for different packages of the 16.5 km from Andheri (East) to Dahisar (East) Metro-7 corridor.
In an interview to CNBC-TV18‘s Latha Venkatesh and Sonia Shenoy, SP Tulsian of sptulsian.com spoke on the market fundamentals and gave his views on specific stocks and sectors.
HDFC standard life is planning an IPO. Parent company HDFC will dilute 10 percent equity. Recently HDFC Standard Life sold 9 percent stake for Rs 1,705 crore to UK's Standard Life. Deal valued co at Rs 18,944 crore.
HDFC | TCS | Dr Reddy's Laboratories | SBI | Suzlon Energy | Bharti Airtel | Tata Communications | Jain Irrigation | Polaris | CRISIL | Shipping Corporation | Microsec Financial Services | Religare Enterprises | UltraTech Cement | HPCL | Nestle | BEML | Gruh Finance and Mastek are stocks, which are in the news today.
Although most old companies have gone bankrupt in the infrastructure space, one must not underestimate the growth in this space, says Porinju Veliyath, MD & Portfolio Manager, Equity Intelligence India.
Firstcall is bullish on Simplex Infra has recommended buy rating on the stock with a target price of Rs 240 in its research report dated March 1, 2016.