PROSTARM
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India's Prostarm Info Systems jumps on order win
** Shares of Prostarm Info Systems PRON.NS rise as much as 13.2% to their highest since February 27 at 148 rupees; last up 9.3%
** UPS and inverter maker gets order worth 1.65 billion rupees ($17.80 million) from Solarium Green Energy
** Order for execution of engineering, procurement and construction works for 50 MWac solar PV power project in Maharashtra state
** YTD, PRON down about 20%
($1 = 92.6980 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of Prostarm Info Systems PRON.NS rise as much as 13.2% to their highest since February 27 at 148 rupees; last up 9.3%
** UPS and inverter maker gets order worth 1.65 billion rupees ($17.80 million) from Solarium Green Energy
** Order for execution of engineering, procurement and construction works for 50 MWac solar PV power project in Maharashtra state
** YTD, PRON down about 20%
($1 = 92.6980 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
Prostarm Info Systems Ltd Gets Order Worth 1.65 Billion Rupees
April 7 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
PROSTARM INFO SYSTEMS LTD - GETS ORDER WORTH 1.65 BILLION RUPEES
Source text: ID:nBSE62dFDZ
Further company coverage: PRON.NS
(([email protected];))
April 7 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
PROSTARM INFO SYSTEMS LTD - GETS ORDER WORTH 1.65 BILLION RUPEES
Source text: ID:nBSE62dFDZ
Further company coverage: PRON.NS
(([email protected];))
Prostarm Info Systems Declared L-1 Bidder For Order Worth 904.4 Million Rupees
March 17 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
PROSTARM INFO SYSTEMS LTD - DECLARED L-1 BIDDER FOR ORDER WORTH 904.4 MILLION RUPEES
Source text: ID:nNSE3f7CZQ
Further company coverage: PRON.NS
(([email protected];))
March 17 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
PROSTARM INFO SYSTEMS LTD - DECLARED L-1 BIDDER FOR ORDER WORTH 904.4 MILLION RUPEES
Source text: ID:nNSE3f7CZQ
Further company coverage: PRON.NS
(([email protected];))
Prostarm Info Systems Gets LoA From SAIL For 67.1 Million Rupees
March 13 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
GETS LOA FROM SAIL FOR 67.1 MILLION RUPEES
Source text: ID:nNSE6hwlyc
Further company coverage: PRON.NS
(([email protected];))
March 13 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
GETS LOA FROM SAIL FOR 67.1 MILLION RUPEES
Source text: ID:nNSE6hwlyc
Further company coverage: PRON.NS
(([email protected];))
Prostarm Info Systems Receives LoA For Solar Power Plant At 134.3 Million Rupees
Feb 23 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
RECEIVES LOA FOR SOLAR POWER PLANT AT 134.3 MILLION RUPEES
Source text: ID:nNSEbrLWm8
Further company coverage: PRON.NS
(([email protected];))
Feb 23 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
RECEIVES LOA FOR SOLAR POWER PLANT AT 134.3 MILLION RUPEES
Source text: ID:nNSEbrLWm8
Further company coverage: PRON.NS
(([email protected];))
Prostarm Info Systems Ltd Declared L-1 Bidder By Sail For Solar Project
Jan 20 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
PROSTARM INFO SYSTEMS LTD - DECLARED L-1 BIDDER BY SAIL FOR SOLAR PROJECT
PROSTARM INFO SYSTEMS LTD - TO SUPPLY 2MW SOLAR SYSTEM FOR 67.1 MILLION RUPEES
Source text: ID:nBSEdNNrT
Further company coverage: PRON.NS
(([email protected];))
Jan 20 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
PROSTARM INFO SYSTEMS LTD - DECLARED L-1 BIDDER BY SAIL FOR SOLAR PROJECT
PROSTARM INFO SYSTEMS LTD - TO SUPPLY 2MW SOLAR SYSTEM FOR 67.1 MILLION RUPEES
Source text: ID:nBSEdNNrT
Further company coverage: PRON.NS
(([email protected];))
India's Cipla top loser on Nifty 50 after brokerages cut ratings on earnings risk
** Drugmaker Cipla's CIPL.NS stock falls as much as 4.7% to 1,367.20 rupees, lowest level since April 2025
** Last down 2.4%, top loser on Nifty 50 .NSEI, which is up 0.77%
** Tumour drug Lanreotide supply hit after partner Pharmathen's production pause; drug is major rev source for CIPL in U.S.
** Nuvama downgrades to "reduce" from "hold", cuts PT to 1,360 rupees from 1,715 rupees; says pause brings uncertainty for FY27E
** BofA Securities cuts PT to 1,420 rupees from 1,500 rupees; says co's near-term earnings, news flow could weigh on stock
** Morgan Stanley says pause creates U.S. revenue overhang; stock to underperform over next 30 days
** CIPL rated "buy" on avg by 36 analysts, median PT 1,675 rupees - LSEG data
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Drugmaker Cipla's CIPL.NS stock falls as much as 4.7% to 1,367.20 rupees, lowest level since April 2025
** Last down 2.4%, top loser on Nifty 50 .NSEI, which is up 0.77%
** Tumour drug Lanreotide supply hit after partner Pharmathen's production pause; drug is major rev source for CIPL in U.S.
** Nuvama downgrades to "reduce" from "hold", cuts PT to 1,360 rupees from 1,715 rupees; says pause brings uncertainty for FY27E
** BofA Securities cuts PT to 1,420 rupees from 1,500 rupees; says co's near-term earnings, news flow could weigh on stock
** Morgan Stanley says pause creates U.S. revenue overhang; stock to underperform over next 30 days
** CIPL rated "buy" on avg by 36 analysts, median PT 1,675 rupees - LSEG data
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
India's Indiqube Spaces gains after entry into Bhubaneswar
** Co-working and workspace solutions firm Indiqube Spaces' IDIQ.NS stock rises nearly 5% to 204.05 rupees
** Co expands footprint into Odisha capital Bhubaneswar, its 17th city of operations across India
** All four analysts covering IDIQ rate it "buy"; median PT at 310 rupees - data compiled by LSEG
** Stock down 5.5% since debut in July, 2025
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Co-working and workspace solutions firm Indiqube Spaces' IDIQ.NS stock rises nearly 5% to 204.05 rupees
** Co expands footprint into Odisha capital Bhubaneswar, its 17th city of operations across India
** All four analysts covering IDIQ rate it "buy"; median PT at 310 rupees - data compiled by LSEG
** Stock down 5.5% since debut in July, 2025
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
India's HDFC Bank slips after quarterly update flags loan-deposit ratio pressure
Updates
** HDFC Bank HDBK.NS drops 2.4% to 977.6 rupees after co's quarterly update
** Stock is the biggest percentage loser on benchmark Nifty 50 index, which is down 0.3%
** India's top private lender posted 11.9% y/y in loan growth as of December-end on Monday, while deposits increased 11.5%
** Its loan to deposit ratio (LDR), a metric that assesses whether it has enough deposits to fund loan growth, went up by 50 bps q/q to 98.5%, Suresh Ganapathy analyst at Macquarie said
** This in contrast to the bank's target to bring it below 90% by FY27
** HDBK has said it expects to grow loans in line with the industry in FY 2026, and faster than the industry in FY 2027
** "...They will have to operate at a 95%+ LDR if they have any aspirations of maintaining their loan growth above system," Ganapathy said
** HDBK rose 12.10% in 2025 vs a 10.5% rise in Nifty 50
($1 = 90.2400 Indian rupees)
(Reporting by Brijesh Patel and Nishit Navin in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
Updates
** HDFC Bank HDBK.NS drops 2.4% to 977.6 rupees after co's quarterly update
** Stock is the biggest percentage loser on benchmark Nifty 50 index, which is down 0.3%
** India's top private lender posted 11.9% y/y in loan growth as of December-end on Monday, while deposits increased 11.5%
** Its loan to deposit ratio (LDR), a metric that assesses whether it has enough deposits to fund loan growth, went up by 50 bps q/q to 98.5%, Suresh Ganapathy analyst at Macquarie said
** This in contrast to the bank's target to bring it below 90% by FY27
** HDBK has said it expects to grow loans in line with the industry in FY 2026, and faster than the industry in FY 2027
** "...They will have to operate at a 95%+ LDR if they have any aspirations of maintaining their loan growth above system," Ganapathy said
** HDBK rose 12.10% in 2025 vs a 10.5% rise in Nifty 50
($1 = 90.2400 Indian rupees)
(Reporting by Brijesh Patel and Nishit Navin in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
Prostarm Info Systems Setting Up New Manufacturing Unit At Bakrol, Gujarat
Dec 30 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
SETTING UP NEW MANUFACTURING UNIT AT BAKROL, GUJARAT
ESTIMATED CAPEX OF 60 MILLION RUPEES
Source text: ID:nBSE13PmWQ
Further company coverage: PRON.NS
(([email protected];))
Dec 30 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
SETTING UP NEW MANUFACTURING UNIT AT BAKROL, GUJARAT
ESTIMATED CAPEX OF 60 MILLION RUPEES
Source text: ID:nBSE13PmWQ
Further company coverage: PRON.NS
(([email protected];))
India's Ola Electric rises 4.5% on battery energy storage system launch
** Shares of Ola Electric Mobility OLAE.NS climb 4.5% to 55.11 rupees
** Electric scooter maker launched its first battery energy storage systems (BESS) solution
** Expects annual consumption for BESS to scale up to 5 gigawatt-hour in the next couple of years
** Introductory prices start at 29,999 rupees ($341.47) for a 1.5 kilowatt-hour battery; prices go up to 159,999 rupees for 9.1 KWh for the first 10,000 units
** Stock top percentage gainer on the Nifty small-cap index .NIFSMCP100, which is up 0.4%
** OLAE stock is rated "hold" on avg by 7 brokerages, median PT at 45 rupees - data compiled by LSEG
** Stock down 35.6% YTD
($1 = 87.8538 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Ola Electric Mobility OLAE.NS climb 4.5% to 55.11 rupees
** Electric scooter maker launched its first battery energy storage systems (BESS) solution
** Expects annual consumption for BESS to scale up to 5 gigawatt-hour in the next couple of years
** Introductory prices start at 29,999 rupees ($341.47) for a 1.5 kilowatt-hour battery; prices go up to 159,999 rupees for 9.1 KWh for the first 10,000 units
** Stock top percentage gainer on the Nifty small-cap index .NIFSMCP100, which is up 0.4%
** OLAE stock is rated "hold" on avg by 7 brokerages, median PT at 45 rupees - data compiled by LSEG
** Stock down 35.6% YTD
($1 = 87.8538 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
PREVIEW-India's HCLTech dips ahead of quarterly results
** Shares of HCLTech HCLT.NS drop 0.9% ahead of quarterly report due later in the day
** Analysts, on avg, expect co to post Q2 consolidated revenue of 313.55 billion rupees vs 288.62 billion rupees a year ago - data compiled by LSEG
** However, analysts say Indian IT firms are set for another quarter of tepid earnings as weak global demand, steep U.S. tariffs and trade jitters weigh
** India's top IT firm TCS TCS.NS kickstarted IT earnings last week; beat quarterly revenue estimates but its plans to invest $7 bln in a 1 GW data centre sparked cautious reactions
** Analysts project better sequential revenue growth for HCLT on deals ramp-up, particularly in BSFI segment and hi-tech verticals
** HCLT among 5 stocks rated "hold" on 10-member IT index .NIFTYIT, TCS is rated "buy" - LSEG data
** As of Friday's close, HCLT down ~22% so far in 2025 vs ~18% decline in IT index
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of HCLTech HCLT.NS drop 0.9% ahead of quarterly report due later in the day
** Analysts, on avg, expect co to post Q2 consolidated revenue of 313.55 billion rupees vs 288.62 billion rupees a year ago - data compiled by LSEG
** However, analysts say Indian IT firms are set for another quarter of tepid earnings as weak global demand, steep U.S. tariffs and trade jitters weigh
** India's top IT firm TCS TCS.NS kickstarted IT earnings last week; beat quarterly revenue estimates but its plans to invest $7 bln in a 1 GW data centre sparked cautious reactions
** Analysts project better sequential revenue growth for HCLT on deals ramp-up, particularly in BSFI segment and hi-tech verticals
** HCLT among 5 stocks rated "hold" on 10-member IT index .NIFTYIT, TCS is rated "buy" - LSEG data
** As of Friday's close, HCLT down ~22% so far in 2025 vs ~18% decline in IT index
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Citi hikes PT on India's Eternal; stock hits record high
** Citi Research raises PT on India's Eternal ETEA.NS to 395 rupees from 320 rupees, implying ~16% upside to last close; keeps "buy"
** Shares of Eternal, which owns Zomato and Blinkit, rises as much as 1.5% to a record high of 346.8 rupees
** Citi says Blinkit's growth momentum "remains stellar" on user acquisition focus, continued investment in dark store expansion, adding new cities
** Sees strong rise in app traffic in Q2 for Blinkit, driven by festive season in later part of quarter
** Expects Blinkit's gross order value (GOV) to grow at 140% y/y in Q2 vs 106% for rival Swiggy's SWIG.NS Instamart
** Expects slight improvement in Zomato's food delivery growth on better traffic conversion, increase in investments
** Estimates Zomato's Q2 GOV to grow at 18%
** Eternal, Swiggy rated "buy" on avg, per data compiled by LSEG
** YTD, ETEA up 24%, SWIG down ~21%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Citi Research raises PT on India's Eternal ETEA.NS to 395 rupees from 320 rupees, implying ~16% upside to last close; keeps "buy"
** Shares of Eternal, which owns Zomato and Blinkit, rises as much as 1.5% to a record high of 346.8 rupees
** Citi says Blinkit's growth momentum "remains stellar" on user acquisition focus, continued investment in dark store expansion, adding new cities
** Sees strong rise in app traffic in Q2 for Blinkit, driven by festive season in later part of quarter
** Expects Blinkit's gross order value (GOV) to grow at 140% y/y in Q2 vs 106% for rival Swiggy's SWIG.NS Instamart
** Expects slight improvement in Zomato's food delivery growth on better traffic conversion, increase in investments
** Estimates Zomato's Q2 GOV to grow at 18%
** Eternal, Swiggy rated "buy" on avg, per data compiled by LSEG
** YTD, ETEA up 24%, SWIG down ~21%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's LTIMindtree climbs after bagging its largest-ever deal
** Shares of LTIMindtree LTIM.NS gain as much as 4.3% to 5,501 rupees, last up 0.6%
** Stock among top gainers on Nifty IT index .NIFTYIT, which was up 0.4%
** IT services company said on Monday it had won its largest-ever deal; it did not reveal name of the client and financial details
** Two sources pegged the deal size at $580 million, Reuters reported
** LTIM rated "hold" on average by 38 brokerages, same as HCLTech HCLT.NS, Tech Mahindra TEML.NS and Wipro WIPR.NS - LSEG data
** YTD, LTIM down ~5% vs ~20% decline in NIFTYIT
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of LTIMindtree LTIM.NS gain as much as 4.3% to 5,501 rupees, last up 0.6%
** Stock among top gainers on Nifty IT index .NIFTYIT, which was up 0.4%
** IT services company said on Monday it had won its largest-ever deal; it did not reveal name of the client and financial details
** Two sources pegged the deal size at $580 million, Reuters reported
** LTIM rated "hold" on average by 38 brokerages, same as HCLTech HCLT.NS, Tech Mahindra TEML.NS and Wipro WIPR.NS - LSEG data
** YTD, LTIM down ~5% vs ~20% decline in NIFTYIT
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Nykaa gains on strong quarterly growth forecast
** Nykaa parent FSN E-Commerce Ventures FSNE.NS climbs 2.4% to 245.59 rupees
** The beauty e-tailer says growth accelerated in Q2; GMV - gross merchandise value - is expected to rise to thirties from mid-twenties in last few quarters
** Says beauty business saw strong growth from Dot & Key skincare brand acquisition as well as from home brands Kay Beauty and Nykaa Cosmetics
** Adds that consol net revenue growth is expected to be in mid-twenties in Q2 on festive demand boost
** Stock rated "hold" on avg, median PT at 223.49 rupees - data compiled by LSEG
** YTD, stock up ~55%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Nykaa parent FSN E-Commerce Ventures FSNE.NS climbs 2.4% to 245.59 rupees
** The beauty e-tailer says growth accelerated in Q2; GMV - gross merchandise value - is expected to rise to thirties from mid-twenties in last few quarters
** Says beauty business saw strong growth from Dot & Key skincare brand acquisition as well as from home brands Kay Beauty and Nykaa Cosmetics
** Adds that consol net revenue growth is expected to be in mid-twenties in Q2 on festive demand boost
** Stock rated "hold" on avg, median PT at 223.49 rupees - data compiled by LSEG
** YTD, stock up ~55%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's GK Energy rises 14% in trading debut; valued at $389 million
** Shares of GK Energy GKEN.NS jump as much as 14.2% to 174.7 rupees in trading debut
** Stock opened at 171 rupees on the NSE vs the issue price of 153 rupees
** Co, which provides EPC services for solar-powered agricultural water pumps, valued at 34.49 billion rupees (about $389 million), as of 11:15 a.m. IST
** Co's 4.64 billion rupee IPO includes fresh issue worth 4 billion rupees and 642.6 million rupees as offer for sale; IPO was fully-subscribed on first day of bids
** IPO garnered bids worth 304.13 billion rupees
** GKEN bucks broader losses, markets down after U.S. President Donald Trump's new tariffs on branded and patented drugs, and as IT stocks dip post Accenture's ACN.N quarterly results .BO
($1 = 88.6925 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of GK Energy GKEN.NS jump as much as 14.2% to 174.7 rupees in trading debut
** Stock opened at 171 rupees on the NSE vs the issue price of 153 rupees
** Co, which provides EPC services for solar-powered agricultural water pumps, valued at 34.49 billion rupees (about $389 million), as of 11:15 a.m. IST
** Co's 4.64 billion rupee IPO includes fresh issue worth 4 billion rupees and 642.6 million rupees as offer for sale; IPO was fully-subscribed on first day of bids
** IPO garnered bids worth 304.13 billion rupees
** GKEN bucks broader losses, markets down after U.S. President Donald Trump's new tariffs on branded and patented drugs, and as IT stocks dip post Accenture's ACN.N quarterly results .BO
($1 = 88.6925 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Tata Motors extends losses on JLR cyber attack concerns
** Shares of Tata Motors TAMO.NS fell 1.9% to 670.25 rupees, extending losses from previous session
** Stock down 4.4% in the two sessions
** Co's luxury car unit, Jaguar Land Rover (JLR), will likely bear the full cost for a damaging cyber attack - which led it to shutdown operations - costing billions of pounds in lost revenues and profit, the Financial Times reports
** Tata Motors did not immediately respond to a Reuters' request for comment
** It later extended the closure of its factories until October 1, Reuters reported earlier this week
** TAMO is the top drag on the Nifty auto index .NIFTYAUTO - down 0.5%
** Stock is the biggest percentage loser on Nifty 50 .NSEI, which was flat
** Stock rated "hold" on avg, median PT at 720 rupees - data compiled by LSEG
** Stock is down ~9% so far in 2025 vs an ~18% rise in NIFTYAUTO
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Tata Motors TAMO.NS fell 1.9% to 670.25 rupees, extending losses from previous session
** Stock down 4.4% in the two sessions
** Co's luxury car unit, Jaguar Land Rover (JLR), will likely bear the full cost for a damaging cyber attack - which led it to shutdown operations - costing billions of pounds in lost revenues and profit, the Financial Times reports
** Tata Motors did not immediately respond to a Reuters' request for comment
** It later extended the closure of its factories until October 1, Reuters reported earlier this week
** TAMO is the top drag on the Nifty auto index .NIFTYAUTO - down 0.5%
** Stock is the biggest percentage loser on Nifty 50 .NSEI, which was flat
** Stock rated "hold" on avg, median PT at 720 rupees - data compiled by LSEG
** Stock is down ~9% so far in 2025 vs an ~18% rise in NIFTYAUTO
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's HCLTech gains; Morgan Stanley upbeat on deal with Swedish firm
** HCLTech HCLT.NS rises as much as 1% to 1,444 rupees; last up 0.6%
** HCLT only stock in green on 10-member Nifty IT index .NIFTYIT, which is down 0.9%
** A Swedish truck and bus maker renews deal with co, signing multi-year contract for IT infrastructure, services
** No financial details disclosed
** Morgan Stanley says deal will likely aid co's total contract wins in Q2, boost confidence for HY2 FY26, build revenues on top of co's existing base
** Adds deal reaffirms co's ability to maintain scope in large deal renewals, signals improvement in co's market share
** Stock rated "hold" on avg, median PT is 1,670 rupees, per data compiled by LSEG
** YTD, HCLT falls ~25%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** HCLTech HCLT.NS rises as much as 1% to 1,444 rupees; last up 0.6%
** HCLT only stock in green on 10-member Nifty IT index .NIFTYIT, which is down 0.9%
** A Swedish truck and bus maker renews deal with co, signing multi-year contract for IT infrastructure, services
** No financial details disclosed
** Morgan Stanley says deal will likely aid co's total contract wins in Q2, boost confidence for HY2 FY26, build revenues on top of co's existing base
** Adds deal reaffirms co's ability to maintain scope in large deal renewals, signals improvement in co's market share
** Stock rated "hold" on avg, median PT is 1,670 rupees, per data compiled by LSEG
** YTD, HCLT falls ~25%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's auto index hits record high on media reports of strong bookings after GST cut
** India's Nifty Auto .NIFTYAUTO rises 2.1% to hit a record high, outperforms as 15 of 16 major sub-indexes trade in red
** Auto firms saw strong bookings for passenger vehicles on the first day of GST cut rollout on Monday, local media reports show
** Reuters could not immediately verify the reports
** Sales were led by Maruti Suzuki MRTI.NS and Hyundai Motor India HYUN.NS, according to the reports
** Shares of MRTI up 2.3% and HYUN jumps 1.2% on the day
** The GST cut is likely to trigger a volume-driven upcycle in the passenger vehicle industry in India, aiding sustained momentum in FY26, analysts at ICICI Direct said
** The analysts' top picks are MRTI and Mahindra MAHM.NS, which are up 1%; added that the boost in volumes "reflects pent-up demand and strategic consumer response to pricing advantages"
** Gains in the index led by MRTI, among top gainers on the Nifty 50 index .NSEI, which is down 0.3% .BO
** Most stocks on the 15-member index were trading in the green
** Year-to-date, Nifty auto was up ~20% vs a 6% rise in Nifty 50
India's tax cuts propel Nifty Auto index to an all-time high https://reut.rs/425Ej7A
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** India's Nifty Auto .NIFTYAUTO rises 2.1% to hit a record high, outperforms as 15 of 16 major sub-indexes trade in red
** Auto firms saw strong bookings for passenger vehicles on the first day of GST cut rollout on Monday, local media reports show
** Reuters could not immediately verify the reports
** Sales were led by Maruti Suzuki MRTI.NS and Hyundai Motor India HYUN.NS, according to the reports
** Shares of MRTI up 2.3% and HYUN jumps 1.2% on the day
** The GST cut is likely to trigger a volume-driven upcycle in the passenger vehicle industry in India, aiding sustained momentum in FY26, analysts at ICICI Direct said
** The analysts' top picks are MRTI and Mahindra MAHM.NS, which are up 1%; added that the boost in volumes "reflects pent-up demand and strategic consumer response to pricing advantages"
** Gains in the index led by MRTI, among top gainers on the Nifty 50 index .NSEI, which is down 0.3% .BO
** Most stocks on the 15-member index were trading in the green
** Year-to-date, Nifty auto was up ~20% vs a 6% rise in Nifty 50
India's tax cuts propel Nifty Auto index to an all-time high https://reut.rs/425Ej7A
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
UBS raises price target on India's DMart operator; shares climb
** UBS hikes Avenue Supermarts AVEU.NS PT to 5,600 rupees from 5,050 rupees, nearly 19% upside to last close; keeps "buy" rating
** DMart supermarket chain operator's stock up 1.4% to 4,784.7 rupees
** Brokerage cites DMart's highest discount among peers at 21%, boosting customer loyalty in middle/lower-middle income segments
** Notes value retail edge in offline stores and online platform DMart Ready after store, channel checks
** DMart opened 130 stores across India in last 3 years; UBS estimates 230-250 new outlets in next three years
** Adds, growth set to accelerate on quick-commerce foray, value retail business model
** AVEU rated "hold" by 28 analysts on avg, median PT 4,040 rupees - data compiled by LSEG
** YTD, stock up 34%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** UBS hikes Avenue Supermarts AVEU.NS PT to 5,600 rupees from 5,050 rupees, nearly 19% upside to last close; keeps "buy" rating
** DMart supermarket chain operator's stock up 1.4% to 4,784.7 rupees
** Brokerage cites DMart's highest discount among peers at 21%, boosting customer loyalty in middle/lower-middle income segments
** Notes value retail edge in offline stores and online platform DMart Ready after store, channel checks
** DMart opened 130 stores across India in last 3 years; UBS estimates 230-250 new outlets in next three years
** Adds, growth set to accelerate on quick-commerce foray, value retail business model
** AVEU rated "hold" by 28 analysts on avg, median PT 4,040 rupees - data compiled by LSEG
** YTD, stock up 34%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Krystal Integrated Services climbs on bagging 1.68 bln rupee-contract
** Shares of Krystal Integrated Services KRYT.NS gain as much as 6.7% to 688.7 rupees, last up 3%
** Management services co gets contract worth 1.68 billion rupees ($19.1 million) for supplying sanitation services for hospitals in Andhra Pradesh state
** Contract for a period of 3 years
** Stock down 8.2% so far in 2025
($1 = 88.0275 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Krystal Integrated Services KRYT.NS gain as much as 6.7% to 688.7 rupees, last up 3%
** Management services co gets contract worth 1.68 billion rupees ($19.1 million) for supplying sanitation services for hospitals in Andhra Pradesh state
** Contract for a period of 3 years
** Stock down 8.2% so far in 2025
($1 = 88.0275 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Sterling Tools up on partnership with China's Landworld Tech
** Shares of automotive components maker Sterling Tools STTL.NS jump 4.7% to 346.7 rupees
** This is stock's highest level since late-July
** Co's unit signs license and supply agreements with China's Landworld Technology to locally manufacture products used in electrification in passenger and commercial vehicles
** Partnership is expected to generate 4.5 billion rupees ($51 million) revenue by FY30, co says
** About 360,000 shares of STTL traded, 4.4x the 30-day avg
** Stock down ~40% so far in 2025
($1 = 88.2150 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of automotive components maker Sterling Tools STTL.NS jump 4.7% to 346.7 rupees
** This is stock's highest level since late-July
** Co's unit signs license and supply agreements with China's Landworld Technology to locally manufacture products used in electrification in passenger and commercial vehicles
** Partnership is expected to generate 4.5 billion rupees ($51 million) revenue by FY30, co says
** About 360,000 shares of STTL traded, 4.4x the 30-day avg
** Stock down ~40% so far in 2025
($1 = 88.2150 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
JP Morgan starts on India's Astral, Supreme Industries; shares climb
** JP Morgan initiates coverage on Indian pipe makers Astral ASTL.NS and Supreme Industries SUPI.NS with "overweight," price targets at 1,700 rupees and 4,930 rupees, respectively
** Shares of ASTL up 2.1% to 1,470.1 rupees, SUPI climbs 2.2% to 4,448.1 rupees
** PTs at ~18%, ~13% premium on last close of ASTL and SUPI, respectively
** JP Morgan sees India pipe majors nearing demand recovery, on the back of strong real-estate construction activity, higher water infrastructure spends and favorable channel inventories
** Expects double-digit volume growth for ASTL, SUPI in FY25-28 vs an 8% rise in the broader industry
** Upbeat on ASTL's leadership position in the chlorinated polyvinyl chloride pipes - a type of thermoplastic pipes - segment; see SUPI's scale and distribution edge as a key positive
** Both stocks rated "buy" on avg, median PTs at 1,494.5 rupees, 4,490 rupees, respectively - data compiled by LSEG
** YTD, ASTL, SUPI down ~11%, ~5%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** JP Morgan initiates coverage on Indian pipe makers Astral ASTL.NS and Supreme Industries SUPI.NS with "overweight," price targets at 1,700 rupees and 4,930 rupees, respectively
** Shares of ASTL up 2.1% to 1,470.1 rupees, SUPI climbs 2.2% to 4,448.1 rupees
** PTs at ~18%, ~13% premium on last close of ASTL and SUPI, respectively
** JP Morgan sees India pipe majors nearing demand recovery, on the back of strong real-estate construction activity, higher water infrastructure spends and favorable channel inventories
** Expects double-digit volume growth for ASTL, SUPI in FY25-28 vs an 8% rise in the broader industry
** Upbeat on ASTL's leadership position in the chlorinated polyvinyl chloride pipes - a type of thermoplastic pipes - segment; see SUPI's scale and distribution edge as a key positive
** Both stocks rated "buy" on avg, median PTs at 1,494.5 rupees, 4,490 rupees, respectively - data compiled by LSEG
** YTD, ASTL, SUPI down ~11%, ~5%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Action Construction Equipment at 6-week high; brokerage sees growth prospects
India's Max Estates climbs on land parcel deal in National Capital Region
Prostarm Info Systems Gets LoA For 150 MW/300 Mwh Battery Energy Storage System
Sept 5 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
GETS LOA FOR 150 MW/300 MWH BATTERY ENERGY STORAGE SYSTEM
EXPECTS RENTAL OF 254,000 RUPEES PER MW PER MONTH FOR 12 YEARS FROM CONTRACT
Source text: ID:nNSE20RHDs
Further company coverage: PRON.NS
(([email protected];))
Sept 5 (Reuters) - Prostarm Info Systems Ltd PRON.NS:
GETS LOA FOR 150 MW/300 MWH BATTERY ENERGY STORAGE SYSTEM
EXPECTS RENTAL OF 254,000 RUPEES PER MW PER MONTH FOR 12 YEARS FROM CONTRACT
Source text: ID:nNSE20RHDs
Further company coverage: PRON.NS
(([email protected];))
India's quick service restaurant operators gain on tax cuts to input items
** Shares of quick service restaurant (QSR) operators gain between 1% and 3.5%
** India announced GST cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand
** While the GST rate on QSR output remains same, lower tax on key inputs like cheese, other dairy products and chicken is down to 5% from 12%
** Jefferies says Jubilant Foodworks JUBI.NS, Devyani International DEVY.NS and Sapphire Foods SAPI.NS to benefit
** JUBI up 3.5%, while DEVY and SAPI rise 2.7% and 1.7%, respectively
** McDonald's India operator Westlife Foodworld WEST.NS climbs as much as 4.9%, last up 1.1%
** JUBI, SAPI, WEST rated "hold" on avg, DEVY rated "buy" - data compiled by LSEG
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of quick service restaurant (QSR) operators gain between 1% and 3.5%
** India announced GST cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand
** While the GST rate on QSR output remains same, lower tax on key inputs like cheese, other dairy products and chicken is down to 5% from 12%
** Jefferies says Jubilant Foodworks JUBI.NS, Devyani International DEVY.NS and Sapphire Foods SAPI.NS to benefit
** JUBI up 3.5%, while DEVY and SAPI rise 2.7% and 1.7%, respectively
** McDonald's India operator Westlife Foodworld WEST.NS climbs as much as 4.9%, last up 1.1%
** JUBI, SAPI, WEST rated "hold" on avg, DEVY rated "buy" - data compiled by LSEG
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Hindustan Zinc tracks silver prices higher
** Indian miner Hindustan Zinc HZNC.NS gains 4.8% to 439.25 rupees; set for best day in nearly 3 months
** Spot silver XAG= rose 2% to $40.44 per ounce, the highest since September 2011 GOL/
** Silver metal operations contributed ~19% to HZNC's June-quarter revenue
** Stock top pct gainer on Nifty metal index .NIFTYMET, which is up 1.2%
** About 5.8 million shares traded, 3.2x the 30-day avg
** YTD, stock down ~1%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Indian miner Hindustan Zinc HZNC.NS gains 4.8% to 439.25 rupees; set for best day in nearly 3 months
** Spot silver XAG= rose 2% to $40.44 per ounce, the highest since September 2011 GOL/
** Silver metal operations contributed ~19% to HZNC's June-quarter revenue
** Stock top pct gainer on Nifty metal index .NIFTYMET, which is up 1.2%
** About 5.8 million shares traded, 3.2x the 30-day avg
** YTD, stock down ~1%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's RBL Bank climbs after Societe Generale buys shares
** Shares of RBL Bank RATB.NS gain 4.3% to 261.65 rupees; set for best day since early-July
** Societe Generale SOGN.PA net bought 3.3 million RATB shares for 250.57 rupees apiece via bulk deal, exchange data showed
** About 28.2 million shares traded, 2.3x the 30-day avg
** Stock still down 1.9% so far in August, set to snap five straight months of gains
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of RBL Bank RATB.NS gain 4.3% to 261.65 rupees; set for best day since early-July
** Societe Generale SOGN.PA net bought 3.3 million RATB shares for 250.57 rupees apiece via bulk deal, exchange data showed
** About 28.2 million shares traded, 2.3x the 30-day avg
** Stock still down 1.9% so far in August, set to snap five straight months of gains
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's SMS Pharma jumps after US FDA clears facility
** Shares of SMS Pharmaceuticals SMSP.NS jump 7.4% to 248.48 rupees; set for best day since late-April
** The U.S. FDA concluded inspection at its Hyderabad facility in Telangana state with no observations
** Stock on track for busiest trading session in two months, volumes at 7.7x the 30-day avg
** Year-to-date, stock up 4%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of SMS Pharmaceuticals SMSP.NS jump 7.4% to 248.48 rupees; set for best day since late-April
** The U.S. FDA concluded inspection at its Hyderabad facility in Telangana state with no observations
** Stock on track for busiest trading session in two months, volumes at 7.7x the 30-day avg
** Year-to-date, stock up 4%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
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What does Prostarm Info System do?
Prostarm Info Systems is engaged in designing, manufacturing, assembling, sale, service and supply of Energy Storage Equipment and Power Conditioning Equipment (Power Solution Products) in India. Its manufactured Power Solution Products comprise of an Uninterrupted Power Supply (UPS) system, inverter system, lift inverter system, solar hybrid inverter systems, lithium-ion battery packs, servo-controlled voltage stabilisers (SCVS), isolation transformers and other power solution products.
Who are the competitors of Prostarm Info System?
Prostarm Info System major competitors are Servotech Renewable, Sungarner Energies, HPL Electric. Market Cap of Prostarm Info System is ₹912 Crs. While the median market cap of its peers are ₹1,519 Crs.
Is Prostarm Info System financially stable compared to its competitors?
Prostarm Info System seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Prostarm Info System pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Prostarm Info System latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Prostarm Info System allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable, Short Term Loans & Advances
How strong is Prostarm Info System balance sheet?
Balance sheet of Prostarm Info System is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Prostarm Info System improving?
Yes, profit is increasing. The profit of Prostarm Info System is ₹31.78 Crs for TTM, ₹29.68 Crs for Mar 2025 and ₹23.34 Crs for Mar 2024.
Is the debt of Prostarm Info System increasing or decreasing?
The net debt of Prostarm Info System is decreasing. Latest net debt of Prostarm Info System is ₹2.44 Crs as of Sep-25. This is less than Mar-25 when it was ₹62.15 Crs.
Is Prostarm Info System stock expensive?
Prostarm Info System is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Prostarm Info System is 29.82, while 3 year average PE is 33.4. Also latest EV/EBITDA of Prostarm Info System is 20.39 while 3yr average is 19.71.
Has the share price of Prostarm Info System grown faster than its competition?
There is not enough historical data for the companies share price.
Is the promoter bullish about Prostarm Info System?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Prostarm Info System is 72.82% and last quarter promoter holding is 72.82%.
Are mutual funds buying/selling Prostarm Info System?
There is Insufficient data to gauge this.