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Time of India
15-05-2025
- Business
- Time of India
Gensol Engineering shares hit 5% upper circuit for 3rd day. Here's why
Gensol Engineering shares hit the 5% upper circuit for the third consecutive session on Thursday, following the resignations of Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi earlier this week. The resignations, effective from the close of business on May 12, were made in compliance with SEBI's interim order. Last month, SEBI barred the Jaggi brothers from accessing the securities market until further notice, alleging they siphoned off loan funds from Gensol for personal use. The allegations raised serious concerns around corporate governance and financial misconduct. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Successful Way of Intraday Trading is "Market Profile" TradeWise Learn More Undo The brothers are best known for founding clean energy ventures Gensol Engineering and BluSmart Mobility. IREDA files insolvency plea In a fresh development on May 14, the Indian Renewable Energy Development Agency (IREDA) filed an insolvency petition against Gensol Engineering over a loan default of Rs 510 crore. The plea was filed under Section 7 of the Insolvency and Bankruptcy Code, IREDA said in a regulatory filing. Gensol had borrowed Rs 977.75 crore from IREDA and Power Finance Corporation (PFC), of which Rs 663.89 crore was earmarked for the purchase of electric vehicles for BluSmart, the EV ride-hailing platform co-founded by Anmol Singh Jaggi. Live Events In April, both lenders filed complaints with the Economic Offences Wing, alleging that Gensol falsified documents related to loan repayments. The Enforcement Directorate subsequently raided the company's premises, seizing documents and electronic devices, while SEBI ordered a forensic audit. SEBI's order alleged that the Jaggi brothers diverted company funds for personal luxury purchases and failed to meet loan obligations, including those linked to BluSmart's EV fleet. Of the Rs 978 crore sanctioned to finance 6,400 electric vehicles, only 4,700—worth Rs 567 crore—were delivered, leaving Rs 262 crore unaccounted for. According to SEBI, the excess funds were diverted into unrelated transactions, including real estate investments and payments to entities connected to the promoters. Gensol's stock has plunged over 93% in the past year and 55% in the last month alone. Also Read: 8 Nifty Microcap stocks that can jump 100-230% in the next 12 months ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
15-05-2025
- Business
- Time of India
Jubilant FoodWorks shares in focus after Q4 profit jumps 93% YoY. Should you buy, sell, or hold?
Shares of Jubilant FoodWorks will be under the spotlight on Thursday after the quick‑service restaurant operator reported a 93% year‑on‑year jump in standalone net profit, to Rs 49.5 crore for Q4 ended March 31, 2025, up from Rs 25.6 crore a year earlier. Standalone revenue from operations rose 19.1% to Rs 1,587 crore, compared with Rs 1,332.3 crore in Q4 FY24. At the operating level, standalone EBITDA climbed 19.7% to Rs 305.4 crore versus Rs 255.2 crore in Q4 FY24, lifting the EBITDA margin slightly to 19.2% from 19.1%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The 1 Ingredient That Instantly Hydrates Crepey Skin! New Skin Discovery Undo Should you buy, sell, or hold Jubilant FoodWorks' stock? Here's what brokerages say: Goldman Sachs Goldman Sachs maintained its Neutral rating on Jubilant FoodWorks but raised its target price to Rs 730 from Rs 700, citing the company's strong Q4 performance across key metrics. The brokerage highlighted that revenue momentum remains robust, driven by healthy like‑for‑like sales growth, while operating leverage continued to play out, resulting in an upward trend in EBITDA margins. Overall, Goldman Sachs believes Jubilant FoodWorks is well positioned to sustain its recent operational strength, warranting the upward revision in its price target. Live Events Citi Citi reiterated its Buy rating on Jubilant FoodWorks while raising its target price to Rs 805 from Rs 750. The broker highlighted Jubilant's continued market‐share gains and strong profitability metrics, noting that like‑for‑like (LFL) sales growth is outpacing other quick‑service restaurant peers. Citi sees clear scope for a valuation re‑rating as Jubilant cements its leadership in the QSR space, maintaining the stock as its preferred pick in the sector. Antique Antique reiterated its Hold rating on Jubilant FoodWorks while raising the target price to Rs 653 from Rs 564. The broker highlighted that affordable consumer offers and a strong delivery channel have supported volume‑led growth despite soft demand. Internal efficiencies have helped maintain profitability, and Antique expects further margin expansion driven by productivity gains and operating leverage. While Antique has trimmed its FY26 earnings forecast by 19%, it has lifted its FY27 estimate by 7%, reflecting confidence in the company's medium‑term outlook. Also Read: 8 Nifty Microcap stocks that can jump 100-230% in the next 12 months ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
05-05-2025
- Business
- Time of India
Netweb Technologies shares zoom over 18% after Q4 net profit jumps 45% YoY on AI-led growth
Netweb Technologies shares jumped over 18% to Rs 1,681.4 in Monday's intraday trade on the BSE after the company reported a 45% year-on-year rise in net profit to Rs 43 crore for the quarter ended March 31, 2025. The growth was mainly driven by strong performance in its AI systems segment and robust demand from government and enterprise clients. Operating income for the fourth quarter rose 55.9% to Rs 415 crore, while operating EBITDA increased 47.9% to Rs 59.77 crore. For the full year, revenue surged 57.4% to a record Rs 1,158 crore. Net profit for the full year rose 50.8% to Rs 114 crore, while diluted earnings per share increased nearly 46% to Rs 20.24. Also Read: 8 Nifty Microcap stocks that can jump 100-230% in the next 12 months The AI systems segment posted 112% year-on-year growth in FY25, contributing 14.8% to total revenue, highlighting rising demand for artificial intelligence applications. The company launched during the year—a GPU-based infrastructure platform aimed at streamlining AI deployment and GPU resource management. Chairman and Managing Director Sanjay Lodha said the company achieved its 'highest-ever quarterly and full-year Income and PAT,' attributing the growth to a strong order pipeline and increased adoption of AI systems. The board has recommended a final dividend of Rs 2.5 per share, translating to a dividend payout ratio of 12.4%, subject to shareholder approval. Also Read: 5 timeless Warren Buffett quotes every investor should know The company also said it successfully implemented SAP S/4 HANA for enhanced operational oversight and received its first claim of Rs 5.94 crore under the Indian government's PLI Scheme 2.0 for IT hardware. Netweb ended FY25 with a net debt position of negative Rs 162 crore and an order book of Rs 325 crore. Netweb Technologies shares price target As per Trendlyne data, the average target price of the stock is Rs 2,560, which shows an upside of 57% from the current market prices. The consensus recommendation from 3 analysts for the stock is a 'Strong Buy'. Netweb Technologies shares price performance Netweb Technologies shares are down 44% year-to-date and 39% over the past six months. The company's market capitalisation is Rs 9,220 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
