The rating agency said the downgrade reflects deterioration in the liquidity profile of JISL on account of a delay in the realisation of its receivables from its micro-irrigation systems (MIS) segment Shares of Jain Irrigation Systems (JISL) tanked 22 per cent to Rs 21.25 on the National Stock Exchange (NSE) on Wednesday after rating agency […]
Motilal Oswal initiates Torrent Power with ‘buy’, says best play in private power sector
Motilal Oswal initiated coverage on Torrent Power with a rating of “Buy” after considering it as the best play in the private power sector The brokerage initiated a ‘buy’ rating on the stock with a price target of Rs 315 per share. Motilal Oswal initiated coverage on Torrent Power with a rating of “Buy” after […]
BS-VI upgradation for 2 refineries to cost Rs 5,000 cr: MK Surana, HPCL
The total investment for expansion and upgradation is around Rs 25,000 crore, says Surana. Electric vehicles may replace a little bit of the additional demand but oil is going to continue. Also, it is yet to be seen how comfortable people are having to stop every 200 kms to charge the vehicles, MK Surana, CMD, […]
