ONWARDTEC

March 18 (Reuters) - Onward Technologies Ltd OTEC.NS:

• PROMOTER GROUP ACQUIRES 50,000 EQUITY SHARES FROM OPEN MARKET

Source text: ID:nNSE5b5L6z

Further company coverage: OTEC.NS

(([email protected];;))

Feb 19 (Reuters) - Onward Technologies Ltd OTEC.NS:

• PROMOTER GROUP ACQUIRES 50,000 ADDITIONAL EQUITY SHARES FROM OPEN MARKET

Source text: ID:nNSE1BtWP7

Further company coverage: OTEC.NS

(([email protected];;))

Jan 21 (Reuters) - Onward Technologies Ltd OTEC.NS:

• DEC-QUARTER CONSOL NET PROFIT 60.4 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.23 BILLION RUPEES

Source text: ID:nBSE1x3d72

Further company coverage: OTEC.NS

(([email protected];;))

** Deutsche Bank sees European telecoms groups returning their "bond proxy" characteristics in 2025, citing improving cashflows, stronger balance sheets, higher returns and growth visibility

** It expects to see valuation multiples expanding modestly in 2025, with the sector trading at an average EV/EBITDA of 5.5x, supported by improving cashflows and reduced capex intensity

** The broker expects "growing solace for telco investors in 2025" with regulatory shifts favouring investment over consumer surplus and improved cashflow generation

** DB says stocks with potential to extend the rally include Orange ORAN.PA, Vodafone VOD.L, Telenor TEL.OL and Liberty Global LBTYA.O benefiting from operational improvements and easing competitive pressures

** Its top large-cap picks include Deutsche Telekom DTEGn.DE, with its U.S. exposure and robust returns, and KPN KPN.AS, benefitting from reduced capex and shareholder returns post-fibre rollout

** Among mid-caps, the broker prefers OTE OTECr.AT and Sunrise SUNN.S for their cashflow visibility, with Gamma GAMA.L leading UK mid-caps

** Tower companies like Cellnex CLNX.MC are expected to recover later in 2025, DB notes, as rate-sensitive valuations improve

** Its least-preferred stocks include Telefonica TEF.MC and Eutelsat ETL.PA, weighed down by structural and competitive challenges

(Reporting by Johan Bodinier)

(([email protected]))

May 17 (Reuters) - Onward Technologies Ltd OTEC.NS:

• ONWARD TECHNOLOGIES LTD - DIVIDEND 5 RUPEES PER SHARE

• ONWARD TECHNOLOGIES MARCH-QUARTER CONSOL NET PROFIT 66.8 MILLION RUPEES VERSUS PROFIT 72.4 MILLION RUPEES

• ONWARD TECHNOLOGIES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.18 BILLION RUPEES VERSUS 1.21 BILLION RUPEES

Source text for Eikon: ID:nNSE5sPcx4

Further company coverage: OTEC.NS

(([email protected];))

Jan 19 (Reuters) - Onward Technologies Ltd OTEC.NS:

• ONWARD TECHNOLOGIES LTD DEC-QUARTER CONSOL NET PROFIT 67.9 MILLION RUPEES VERSUS 24.6 MILLION RUPEES

• ONWARD TECHNOLOGIES LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.14 BILLION RUPEES VERSUS 1.16 BILLION RUPEES

Source text for Eikon: ID:nNSE70JMnR

Further company coverage: OTEC.NS

(([email protected];))

Nov 10 (Reuters) - Onward Technologies Ltd OTEC.NS:

• ONWARD TECHNOLOGIES LTD - HAS PAID ALL OUTSTANDING LOAN AMOUNT OF 4.5 MILLION RUPEES

• ONWARD TECHNOLOGIES LTD - CO NOW DEBT FREE

Source text for Eikon: ID:nNSEM2Hbl

Further company coverage: OTEC.NS

(([email protected];))

July 17 (Reuters) - Onward Technologies Ltd OTEC.NS:

• INDIA'S ONWARD TECHNOLOGIES JUNE-QUARTER CONSOL NET PROFIT 108.8 MILLION RUPEES VERSUS PROFIT 12.1 MILLION RUPEES

• ONWARD TECHNOLOGIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.2 BILLION RUPEES VERSUS 936.7 MILLION RUPEES

Source text for Eikon: ID:nBSEbksN1V

Further company coverage: OTEC.NS

(([email protected];;))

** Shares of Onward Technologies Ltd OTEC.NS rise as much as 20% to 420.35 rupees, highest since April 2022

** Engineering research firm's March-qtr consolidated net profit more than doubled to 72.4 mln rupees ($885,302.03), aided by a near 39% growth in revenue

** Co named Pawan Nathani new chief financial officer

** Recommended final dividend of 3 rupees per share

** Stock trading above its 50-, 100-, and 200-day moving averages for over a month, suggesting bullish bias

** Trading volume at ~366,600 shares, nearly 17x the 30-day avg of ~22,200 shares as of 2:05 p.m. IST

** Stock last up ~34% so far this year, extending gains of 15.14% up to last close

($1 = 81.7800 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

(([email protected]))