JPASSOCIAT

Feb 14 (Reuters) - Jaiprakash Associates Ltd JAIA.NS:

• DEC-QUARTER CONSOL NET LOSS AFTER TAX 7.64 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 14.91 BILLION RUPEES

Source text: [ID:]

Further company coverage: JAIA.NS

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** Shares of Max Healthcare MAXE.NS rise about 2.5% to 954 rupees apiece

** The hospital chain on Friday announced an agreement with Lakshdeep Group to buy a 64% stake in Jaypee Healthcare at an enterprise value of 16.60 bln rupees ($198.31 mln)

** Jaypee Healthcare is currently undergoing the corporate insolvency resolution process

** Acquisition expands presence of MAXE in Noida and is in line with the strategy to leverage cash to boost growth through inorganic initiatives, says Ambit

** Brokerage terms it its second best pick in hospitals segment after Narayana Hrudayalaya NARY.NS

** The mean recommendation of 16 analysts tracking MAXE is "buy"; target price is at 947.50 rupees, around current levels - LSEG data

** Stock up 39% in 2024 so far, mirroring the performance of Nifty healthcare index .NIFHEIN - Exchange data

($1 = 83.7080 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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Feb 27 (Reuters) - Jaiprakash Associates Ltd JAIA.NS:

• EXECUTED A NON-BINDING TERM SHEET FOR RESTRUCTURING OF BONDS

Source text for Eikon: ID:nBSEZh3y

Further company coverage: JAIA.NS

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Jan 30 (Reuters) - Jaiprakash Associates Ltd JAIA.NS:

• RE-APPOINTMENT OF MANOJ GAUR AS EXECUTIVE CHAIRMAN & CEO

• DEC-QUARTER CONSOL NET LOSS AFTER TAX 4.76 BILLION RUPEES VERSUS LOSS 3.15 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 15.03 BILLION RUPEES VERSUS 18.76 BILLION RUPEES

Source text for Eikon: ID:nNSE7l9j0L

Further company coverage: JAIA.NS

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** Shares of Dalmia Bharat DALB.NS up ~3.5%, while other cement maker's are flat to up 2%

** Motilal Oswal says DALB among its top picks for 2024

** Says optimistic on DALB's long-term outlook due to capacity increase plans; strong balance sheet; and focus on sustainable growth via higher blended cement, green energy mix

** Says DALB's underperformance in past six months vs most cement stocks mainly due to delay in buying Jaiprakash Associates' JAIA.NS cement assets and demand slowdown in east

** Says DALB's expected earnings improvement as well as scale, capacity growth (without balance sheet leverage) to boost stock's multiples

** Brokerage reiterates "buy" and 2,800 rupees TP, vs current stock price of 2,357.30 rupees

** Avg rating of 27 brokers on DALB is also equivalent of "buy" but median TP is lower at 2,525 rupees - LSEG data

(Reporting by Dimpal Gulwani in Bengaluru)

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Dec 6 (Reuters) - Jaiprakash Associates Ltd JAIA.NS:

• TOTAL BORROWING OF CO IS 290.37 BILLION RUPEES REPAYABLE BY 2037

• OUT OF TOTAL BORROWINGS ONLY 41.93 BILLION RUPEES IS OVERDUE AS ON 30.11.2023

• OUT OF TOTAL BORROWINGS 185.18 BILLION RUPEES WILL GET REDUCED ON TRANSFER TO THE PROPOSED SPV

• POST PROPOSED DIVESTMENT OF CEMENT BUSINESS, RESTRUCTURING BORROWING WILL GET ALMOST TO NIL

Source text for Eikon: ID:nNSEbWfgd0

Further company coverage: JAIA.NS

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Nov 9 (Reuters) - Jaiprakash Associates Ltd JAIA.NS:

• JAIPRAKASH ASSOCIATES LTD SEPT-QUARTER CONSOL NET LOSS AFTER TAX 2.46 BILLION RUPEES VERSUS LOSS 3.35 BILLION RUPEES

• JAIPRAKASH ASSOCIATES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 18.96 BILLION RUPEES VERSUS 18.20 BILLION RUPEES

Source text for Eikon: ID:nBSEbZ3nrF

Further company coverage: JAIA.NS

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Oct 18 (Reuters) -

• ADANI GROUP IN DISCUSSIONS WITH JAIPRAKASH TO ACQUIRE JAYPEE SHAHABAD CEMENT PLANT- ET NOW

Source https://tinyurl.com/3c6h845v

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** Shares of cement manufacturer Dalmia Bharat DALB.NS fall as much as 4.1% to 2,226.15 rupees, mark sharpest intraday pct loss since Aug. 14

** Nomura says DALB lost market share in Q2, especially in the east; believes co will struggle to regain market share in FY24; downgrades DALB to "neutral" from "buy", TP at 2,600 rupees

** Jefferies says DALB volume growth is likely below industry growth in Q2, maintains "buy" while raising TP to 2,680 rupees from 2,440 rupees

** Ambit Insights believes till the deal to acquire cement business of Jaiprakash Associates JAIA.NS is completed, concerns of competing bids remains

** Believes industry's pricing power should sustain through 4QFY24, but will be temporary due to post-election demand moderation among others in FY25

** DALB on Saturday reported 156.5% Y/Y rise in Q2 consolidated net profit while rev rose 6% Y/Y

(Reporting by Ashish Chandra in Bengaluru)

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