&w=3840&q=100)
Kalpataru Projects shares jump 7% on securing ₹3,789 crore worth new orders
Shares of Kalpataru Projects International Ltd. soared over 7 per cent in intraday trade on Monday, after the company and its subsidiaries landed fresh orders worth ₹3,789 crore.
The company's stock rose as much as 7.32 per cent during the day to ₹1,234 per share, the biggest intraday gain since May 12 this year. The stock pared gains to trade 4 per cent higher at ₹1,195.3 apiece, compared to a 0.47 per cent advance in Nifty 50 as of 11:36 AM.
Shares of the company have risen nearly 12 per cent from their recent lows of ₹1,074, which it hit last month. The counter has risen 7.3 per cent this year, compared to a 6.25 per cent advance in the benchmark Nifty 50. Kalpataru Projects has a total market capitalisation of ₹20,548.21 crore. Track LIVE Stock Market Updates Here
Kalpataru Projects lands ₹3,789 crore fresh orders
Kalpataru Projects, along with its international subsidiaries, has secured new orders worth approximately ₹3,789 crore, according to an exchange filing on Monday.
The orders include major contracts in the Buildings and Factories (B&F) segment in India, featuring the company's largest-ever B&F order for the development of over 12 million square feet of residential buildings and associated facilities on a design-build basis. Additionally, KPIL has won power transmission and distribution (T&D) orders in overseas markets.
"We feel privileged to announce the receipt of the orders, especially the largest ever B&F order received by us on design and build basis, which is a testament to our strong EPC capabilities in the B&F business," Manish Mohnot, managing director and chief executive officer.
"This prestigious achievement also has been on several counts – intensive efforts that we have been putting in past several years on improving our ability to win large-sized projects, and improving competitiveness in the focused markets on the back of capex and execution capabilities. We look forward to many such opportunities in future.'
About Kalpataru Projects
Kalpataru Projects is a leading Engineering, Procurement, and Construction (EPC) company, specialising in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (including Flyovers & Metro Rail), Highways, and Airports.
With ongoing projects in over 30 countries and a presence in 75 countries worldwide, KPIL has established a strong global footprint.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
25 minutes ago
- Indian Express
Sebi offers settlement for brokers facing action in algo trading
The Securities and Exchange Board of India (SEBI) has offered a settlement scheme for brokers who were undergoing regulatory action for being associated with algo trading platforms. The scheme is going to apply to brokers dealing with proceedings before the regulator and the Securities Appellate Tribunal. The Sebi move is to provide a route to the brokers to conclude these matters in an expeditious manner. The scheme which commences on July 16 will conclude on September 16, Sebi said in a statement This scheme aims to provide a settlement opportunity to stock brokers linked with specific algo platforms against whom proceedings have already been initiated by Sebi and are currently pending before any authority or forum like the Adjudicating Officer, Securities Appellate Tribunal or the courts. The concerned stock brokers may settle the proceedings and seek an expedited conclusion to their cases by availing of the benefits of this scheme. However, Sebi clarified that actions initiated against stock brokers, who choose not to avail this settlement opportunity, will continue in accordance with the law. Over 100 brokers earlier reportedly received Sebi warnings for allowing APIs (application programming interface) of an algo provider, which allegedly provided assured returns. Earlier, trading applications provided by several brokers allowed their clients to use API — a software that allows two applications to communicate with each other. After they are installed, APIs get the authorisation to perform a host of functions in the trading account, such as placing buy and sell orders or cancelling orders. Sebi issued a circular in 2022 prohibiting stockbrokers from any association with platforms offering assured returns. Market regulator Sebi is conducting an extensive investigation into Jane Street's derivatives trading activity over the past three years, examining whether the global quantitative trading giant attempted to manipulate India's benchmark stock indices, according to a Reuters report. The probe — said to be SEBI's most far-reaching into an international trading firm — comes amid the regulator's broader efforts to temper the heightened activity in India's booming derivatives market. The investigation is focused on Jane Street, its Singapore-based affiliate Jane Street Singapore Pte, and JSI Investments, its Indian unit. SEBI is reviewing the firms' algorithmic trading strategies, particularly in relation to the NSE's Nifty 50 index and its banking sector counterpart.
Mint
36 minutes ago
- Mint
Recommended stocks to buy today: Top stock picks by market experts for 10 June
India's benchmark indices largely traded in the green on Monday, with the Nifty 50 opening above the 25,000 level, following Reserve Bank of India's decision to cut the repo rate by 50 basis points to 5.50% and revise its policy stance to neutral on Friday. The optimism was reflected in the BSE Sensex, which opened at 82,574.55, surged to 82,669, and closed at 82,445.21, up 256.22 points, or 0.31%. The Nifty Bank index was above the 57,000 mark and reached its all-time high of 57,049.5 and closed at 56,839.60, up 261 points or 0.46%. On to the best stock recommendations for today from some of India's top market experts. Stocks to trade today: recommended by Trade Brains Portal Current price: ₹3,085 Target price: ₹3,550 in 12 months Stop-loss: ₹2,853 Established in 1945, Mahindra & Mahindra is the most diversified automobile company in India. In addition to two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, tractors, and earthmovers, the group is present in over 20 industries, including financial services, auto components, information technology (IT), and other industries. M&M holds a 22.55% revenue market share in the SUV segment, and is the market leader in the tractor segment with a 43.3% market share. Its footprint is spread across more than 100 countries, with 69 manufacturing facilities. Mahindra & Mahindra holds a strong position in its scalable growth gems category of business and targets a valuation of $2-3 billion in each of its segments (logistics, hospitality, real estate, last-mile mobility, trucks and buses, etc.). In its emerging growth gems category of business, the company targets $1 billion in each of the segments (aerostructure, cars, etc). M&M continues to hold the second position in India's SUV market by volume with a 20% growth. In the electric SUV and electric passenger vehicle segments, it holds the No. 1 position. It's also second in the country's farm equipment market, with a compound annual revenue growth of 9.3% in FY25. Mahindra & Mahindra is planning for a capacity expansion for its Thar vehicle—from 9,500 units to 11,000 per month, and for its 3XO model from 9,500 to 11,000, apart from creating new platform capacity at its Chakan plant for 120,000 units per annum. The company is also planning for a greenfield plant for a new set of products from FY28. In May 2025, its overall auto sales stood at 84,110 vehicles, a growth of 17%, including exports. In the utility vehicles segment, Mahindra sold 52,431 vehicles in the domestic market, a growth of 21%, and 54,819 vehicles overall, including exports. Domestic sales of commercial vehicles stood at 21,392 units. India's automotive industry is highly competitive with both domestic and international players, which can lead to pricing pressures and affect profit margins. Besides, the automotive industry is cyclical, which poses additional challenges as demand for vehicles, particularly in the commercial segment, is closely tied to economic conditions. Current price: ₹284 Target price: ₹315 in 12 months Stop-loss: ₹268 Founded in 1991, Mahindra & Mahindra Financial Services is one of India's leading non-banking financial companies (NBFCs) catering to a diverse customer base, including rural and semi-urban areas. Its assets under management (AUM) stands at $14.1 billion, with a presence spanning 516,000 villages and 8,000 towns across 27 states and seven Union Territories. Mahindra & Mahindra Financial Services partners with more than 6,000 dealers and 10 original equipment manufacturers, serving 11 million customers nationwide. The company's diversified financial products include vehicle loans, financing for small and medium enterprises (SMEs), personal loans, insurance broking, housing finance, fixed deposits, and mutual fund schemes. In FY25, its AUM increased 3.6% to ₹60,741 crore from ₹58,647 crore in FY24. Total income grew 16% year-on-year to ₹18,530 crore, and profit after tax rose 16% to ₹2,261 crore. The company's loan book recorded a growth of 17% on-year, reaching ₹1,16,214 crore. Cash and cash equivalents were at ₹1,830 crore, doubling in a year. Its loans and advances surged to ₹1,23,514 crore, a 16% increase from a year earlier. Long-term provisions remained stable, reflecting a good sign of recovery. Additionally, Mahindra & Mahindra Financial Services has maintained stable asset quality with credit cost standing at 1.3%, net interest margin at 6.5%, and gross stage 3 (GS3) at 3.7%. The company continues its efforts to target resilient customers, streamline its underwriting processes, and enhance collection efficiencies through analytics-driven bounce prediction, efficient stockyard management, etc. On the diversification front, the company's SME segment recorded a 48% growth in disbursement in FY25, holding a 5% share in overall disbursement. Tractors exhibited one of the strongest performances, increasing 3%, followed by passenger vehicles, which rose 8%, holding 10% and 41%, respectively, in overall disbursement. Potential defaults and an increase in non-performing assets, particularly in rural lending segments, present a credit risk to M&M Financial Services. Although the company has a robust structure for managing liquidity, it remains susceptible to liquidity issues due to its reliance on multiple funding sources, particularly during volatile market conditions. Three stocks to trade, recommended by NeoTrader's Raja Venkatraman Why it's recommended: A strong set of Q4 numbers reported ensured that the trends are able to recover. The bearish phase gave way to the new sentiment and the strength that unfolded. The long body bullish candle seen on Monday augurs well for the prices. This has led to an improvement in the sentiment. With prices holding firm, we can consider going long. Key metrics: P/E: 40.41 | 52-week high: ₹665 | Volume: 1.91M. Technical analysis: Support at ₹390, resistance at ₹590 Risk factors: Market volatility and sector-wide fluctuations in the automobile sector could impact returns Buy at: CMP and dips to ₹500 Target price: ₹575-600 in 1 month Stop-loss: ₹485 Why it's recommended: GREAVESCOT posted strong Q4 numbers, a considerable jump, indicating that the trends after being under pressure are now recovering. However, with the nature of the prices seen in the last few days, we can comprehend that the newsflow has already been priced in. The volatile moves seen in the last three months are now seen giving up, indicating a possibility of some upward bounce as a V-U pattern is seen forming with volumes. Can look to go long. Key metrics: P/E: 26.66 | 52-week high: ₹319.50 | Volume: 3.94M Technical analysis: Support at ₹181, resistance at ₹265 Risk factors: Geopolitical uncertainties, market trends Buy at: CMP and dips to ₹542 Target price: ₹250-265 in 1 month. Stop-loss: ₹194 Why it's recommended: The counter has been steadily moving higher, forming higher highs and higher lows, holding the TS & KS Bands for the past few days. After a brief decline, the stocks managed to gather support within the bands and produce a turnaround. After the recent test of the TS & KS Bands, a strong closing on Friday, we can look at some positive vibes to emerge. Key metrics: P/E: 17.35 | 52-week high: ₹149.55 | Volume: 1.08M Technical analysis: Support at ₹73, resistance at ₹125 Risk factors: Slowdown, affecting demand for their products and increasing prices of raw materials. Buy at: above 92 and dips to ₹87 Target price: ₹99-103 in 1 month Stop-loss: ₹85 Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
an hour ago
- Mint
Stocks to trade on 10 June: Recommended by Trade Brains Portal
India's benchmark indices largely traded in the green on Monday, with the Nifty 50 opening above the 25,000 level, following Reserve Bank of India's decision to cut the repo rate by 50 basis points to 5.50% and revise its policy stance to neutral on Friday. The optimism was reflected in the BSE Sensex, which opened at 82,574.55, surged to 82,669, and closed at 82,445.21, up 256.22 points, or 0.31%. The Nifty Bank index was above the 57,000 mark and reached its all-time high of 57,049.5 and closed at 56,839.60, up 261 points or 0.46%. We recommend two Mahindra Group stocks to trade today (10 June)—one from the automobile sector and the other from financial service. Mahindra & Mahindra Ltd Current price: ₹3,085 Target price: ₹3,550 in 12 months Stop-loss: ₹2,853 Established in 1945, Mahindra & Mahindra is the most diversified automobile company in India. In addition to two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, tractors, and earthmovers, the group is present in over 20 industries, including financial services, auto components, information technology (IT), and other industries. M&M holds a 22.55% revenue market share in the SUV segment, and is the market leader in the tractor segment with a 43.3% market share. Its footprint is spread across more than 100 countries, with 69 manufacturing facilities. Mahindra & Mahindra holds a strong position in its scalable growth gems category of business and targets a valuation of $2-3 billion in each of its segments (logistics, hospitality, real estate, last-mile mobility, trucks and buses, etc.). In its emerging growth gems category of business, the company targets $1 billion in each of the segments (aerostructure, cars, etc). M&M continues to hold the second position in India's SUV market by volume with a 20% growth. In the electric SUV and electric passenger vehicle segments, it holds the No. 1 position. It's also second in the country's farm equipment market, with a compound annual revenue growth of 9.3% in FY25. Mahindra & Mahindra is planning for a capacity expansion for its Thar vehicle—from 9,500 units to 11,000 per month, and for its 3XO model from 9,500 to 11,000, apart from creating new platform capacity at its Chakan plant for 120,000 units per annum. The company is also planning for a greenfield plant for a new set of products from FY28. In May 2025, its overall auto sales stood at 84,110 vehicles, a growth of 17%, including exports. In the utility vehicles segment, Mahindra sold 52,431 vehicles in the domestic market, a growth of 21%, and 54,819 vehicles overall, including exports. Domestic sales of commercial vehicles stood at 21,392 units. Risk factor India's automotive industry is highly competitive with both domestic and international players, which can lead to pricing pressures and affect profit margins. Besides, the automotive industry is cyclical, which poses additional challenges as demand for vehicles, particularly in the commercial segment, is closely tied to economic conditions. Mahindra & Mahindra Financial Services Ltd Current price: ₹284 Target price: ₹315 in 12 months Stop-loss: ₹268 Founded in 1991, Mahindra & Mahindra Financial Services is one of India's leading non-banking financial companies (NBFCs) catering to a diverse customer base, including rural and semi-urban areas. Its assets under management (AUM) stands at $14.1 billion, with a presence spanning 516,000 villages and 8,000 towns across 27 states and seven Union Territories. Mahindra & Mahindra Financial Services partners with more than 6,000 dealers and 10 original equipment manufacturers, serving 11 million customers nationwide. The company's diversified financial products include vehicle loans, financing for small and medium enterprises (SMEs), personal loans, insurance broking, housing finance, fixed deposits, and mutual fund schemes. In FY25, its AUM increased 3.6% to ₹60,741 crore from ₹58,647 crore in FY24. Total income grew 16% year-on-year to ₹18,530 crore, and profit after tax rose 16% to ₹2,261 crore. The company's loan book recorded a growth of 17% on-year, reaching ₹1,16,214 crore. Cash and cash equivalents were at ₹1,830 crore, doubling in a year. Its loans and advances surged to ₹1,23,514 crore, a 16% increase from a year earlier. Long-term provisions remained stable, reflecting a good sign of recovery. Additionally, Mahindra & Mahindra Financial Services has maintained stable asset quality with credit cost standing at 1.3%, net interest margin at 6.5%, and gross stage 3 (GS3) at 3.7%. The company continues its efforts to target resilient customers, streamline its underwriting processes, and enhance collection efficiencies through analytics-driven bounce prediction, efficient stockyard management, etc. On the diversification front, the company's SME segment recorded a 48% growth in disbursement in FY25, holding a 5% share in overall disbursement. Tractors exhibited one of the strongest performances, increasing 3%, followed by passenger vehicles, which rose 8%, holding 10% and 41%, respectively, in overall disbursement. Risk factor Potential defaults and an increase in non-performing assets, particularly in rural lending segments, present a credit risk to M&M Financial Services. Although the company has a robust structure for managing liquidity, it remains susceptible to liquidity issues due to its reliance on multiple funding sources, particularly during volatile market conditions. Market recap: 9 June The Nifty 50 had a gap-up opening at 25,160, which was also the day's high, and traded on a flatter note throughout the day. The Nifty index closed above all four 20/50/100/200 EMAs, at 25,103.20, up by 100 points or 0.4%, and had an RSI of 49 in the daily time frame. Among the top sectoral performers, the Nifty Smallcap 50 index led the gains with 166.8 points or a 1.87% increase, closing at 9,108.15. Five-Star Business Finance, which rallied 10%, was the top small-cap gainer following RBI's rate cut. IIFL Finance surged 8%, and Multi Commodity Exchange of India gained 7.25%. The Nifty PSU Bank index followed the lead with a gain of 108.15 points or 1.52%, closing at 7,208.45, with Bank of India, Bank of Maharashtra, and Indian Bank gaining up to 4%. Nifty Next 50 index also gained, closing at 68,843, up 850.65 points or 1.25%, with Hyundai Motor, Intergloble Aviation, Cholamandalam Investment, and PFC surging up to 4%. On the sectoral front, the Nifty Realty index was the only gauge in the red, closing at 1,038, down 1.45 points or -0.14%, with profit bookings seen in Brigade Enterprises, Sobha, Prestige Estates, and Macrotech. Asian markets were also trading on an optimistic tone and opened higher on Monday as the US and China resumed trade negotiations, with China reportedly granting approvals for the export of rare earths and the US's Boeing beginning commercial jet deliveries to China. Among the Asia-Pacific markets, Hong Kong's Hang Seng index gained the most with a surge of 1.63% or 388.89 points, closing at 24,181.43, followed by South Korea's Kospi index, which climbed 1.55%. The Shanghai index was up by 0.43%, and Japan's Nikkei at 225, gaining 0.92%. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
