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3 ASX Stocks Estimated To Be Trading Up To 40.9% Below Intrinsic Value
3 ASX Stocks Estimated To Be Trading Up To 40.9% Below Intrinsic Value

Yahoo

time26-05-2025

  • Business
  • Yahoo

3 ASX Stocks Estimated To Be Trading Up To 40.9% Below Intrinsic Value

The Australian market has shown mixed performance with the ASX 200 closing up slightly at 8,361 points, driven by gains in the IT and Materials sectors, while Utilities lagged significantly. In such a fluctuating environment, identifying undervalued stocks can offer potential opportunities for investors seeking to capitalize on discrepancies between market prices and intrinsic values. Name Current Price Fair Value (Est) Discount (Est) Smart Parking (ASX:SPZ) A$0.895 A$1.74 48.5% Elders (ASX:ELD) A$6.16 A$11.39 45.9% Austal (ASX:ASB) A$5.22 A$9.12 42.8% Charter Hall Group (ASX:CHC) A$17.81 A$33.88 47.4% Polymetals Resources (ASX:POL) A$0.825 A$1.54 46.4% SciDev (ASX:SDV) A$0.365 A$0.68 46% Integral Diagnostics (ASX:IDX) A$2.41 A$4.24 43.1% Nuix (ASX:NXL) A$2.41 A$4.08 40.9% PointsBet Holdings (ASX:PBH) A$1.10 A$2.07 46.7% Superloop (ASX:SLC) A$2.61 A$4.48 41.7% Click here to see the full list of 38 stocks from our Undervalued ASX Stocks Based On Cash Flows screener. Let's explore several standout options from the results in the screener. Overview: ALS Limited offers professional technical services focused on testing, measurement, and inspection across various regions including Africa, Asia/Pacific, Europe, the Middle East, and the Americas with a market cap of A$8.55 billion. Operations: The company's revenue is derived from its Commodities segment, generating A$1.08 billion, and its Life Sciences Excluding Nuvisan segment, contributing A$1.63 billion. Estimated Discount To Fair Value: 28.9% ALS Limited is trading at A$17.64, significantly below its estimated fair value of A$24.8, making it undervalued based on discounted cash flow analysis. Despite a high level of debt and reduced profit margins (0.2% from 11.1%), ALS's earnings are projected to grow substantially at 24.9% annually, outpacing the Australian market's growth rate of 11.8%. The recent appointment of Catharine Farrow as a Non-Executive Director may enhance strategic governance and innovation efforts. Our comprehensive growth report raises the possibility that ALS is poised for substantial financial growth. Click to explore a detailed breakdown of our findings in ALS' balance sheet health report. Overview: Flight Centre Travel Group Limited offers travel retailing services for both leisure and corporate sectors across Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and other international markets with a market cap of A$2.90 billion. Operations: The company's revenue is derived from two main segments: Leisure, which accounts for A$1.38 billion, and Corporate, contributing A$1.13 billion. Estimated Discount To Fair Value: 37.2% Flight Centre Travel Group is trading at A$13.18, well below its estimated fair value of A$21, highlighting its undervaluation based on discounted cash flow analysis. Despite profit margins declining from 6% to 4.1%, earnings are expected to grow significantly at 23.65% annually, surpassing the Australian market's growth rate of 11.8%. The company has initiated a share buyback program worth A$200 million, funded by cash reserves, which could enhance shareholder value further. Our expertly prepared growth report on Flight Centre Travel Group implies its future financial outlook may be stronger than recent results. Click here and access our complete balance sheet health report to understand the dynamics of Flight Centre Travel Group. Overview: Nuix Limited offers investigative analytics and intelligence software solutions across various regions, including the Asia Pacific, the Americas, Europe, the Middle East, and Africa, with a market cap of A$797.07 million. Operations: The company's revenue is primarily derived from its Software & Programming segment, which generated A$227.37 million. Estimated Discount To Fair Value: 40.9% Nuix is trading at A$2.41, significantly below its estimated fair value of A$4.08, indicating a strong undervaluation based on discounted cash flow analysis. Its earnings are forecast to grow substantially at 53.98% annually, and the company is expected to become profitable within three years, outperforming average market growth expectations. Recently added to the S&P/ASX 200 Index, Nuix's revenue growth rate of 15.3% per year surpasses the Australian market average of 5.6%. Insights from our recent growth report point to a promising forecast for Nuix's business outlook. Navigate through the intricacies of Nuix with our comprehensive financial health report here. Unlock our comprehensive list of 38 Undervalued ASX Stocks Based On Cash Flows by clicking here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ALQ ASX:FLT and ASX:NXL. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@

ASX Stocks Estimated Below Fair Value To Watch In May 2025
ASX Stocks Estimated Below Fair Value To Watch In May 2025

Yahoo

time20-05-2025

  • Business
  • Yahoo

ASX Stocks Estimated Below Fair Value To Watch In May 2025

The Australian market has recently experienced a boost, with the ASX200 closing up 0.58% following a rate cut by the Reserve Bank of Australia, highlighting strength in sectors such as IT and Real Estate. In this environment, identifying undervalued stocks becomes crucial for investors seeking opportunities to capitalize on potential gains, especially when certain sectors are showing resilience and growth prospects amidst broader economic shifts. Name Current Price Fair Value (Est) Discount (Est) Smart Parking (ASX:SPZ) A$0.975 A$1.76 44.6% Lynas Rare Earths (ASX:LYC) A$7.62 A$13.43 43.3% Austal (ASX:ASB) A$5.02 A$9.20 45.4% Charter Hall Group (ASX:CHC) A$17.98 A$34.25 47.5% SciDev (ASX:SDV) A$0.36 A$0.68 47.1% Polymetals Resources (ASX:POL) A$0.79 A$1.52 48% Genesis Minerals (ASX:GMD) A$3.89 A$6.75 42.4% Pantoro Gold (ASX:PNR) A$3.15 A$5.42 41.9% PointsBet Holdings (ASX:PBH) A$1.095 A$2.08 47.3% Superloop (ASX:SLC) A$2.57 A$4.52 43.1% Click here to see the full list of 39 stocks from our Undervalued ASX Stocks Based On Cash Flows screener. Let's explore several standout options from the results in the screener. Overview: Duratec Limited, with a market cap of A$396.25 million, provides assessment, protection, remediation, and refurbishment services for steel and concrete infrastructure assets in Australia. Operations: The company's revenue segments are comprised of Energy (A$62.54 million), Defence (A$193.48 million), Buildings & Facades (A$113.64 million), and Mining & Industrial (A$144.05 million). Estimated Discount To Fair Value: 23.4% Duratec is trading at A$1.57, significantly below its estimated fair value of A$2.05, indicating potential undervaluation based on cash flows. Analysts expect the stock price to rise by 22.7%, supported by forecasted earnings growth of 15.46% annually, outpacing the Australian market's 11.7%. Revenue growth is projected at 9.4% per year, exceeding the market average of 5.5%. Duratec's return on equity is anticipated to be high in three years at 34.8%. Insights from our recent growth report point to a promising forecast for Duratec's business outlook. Take a closer look at Duratec's balance sheet health here in our report. Overview: Mader Group Limited is a contracting company offering specialist technical services in the mining, energy, and industrial sectors both in Australia and internationally, with a market cap of A$1.24 billion. Operations: The company's revenue primarily comes from its Staffing & Outsourcing Services segment, which generated A$811.54 million. Estimated Discount To Fair Value: 23.8% Mader Group is trading at A$6.15, below its estimated fair value of A$8.07, highlighting potential undervaluation based on cash flows. Earnings are projected to grow 13.48% annually, surpassing the Australian market's 11.7%. Despite significant insider selling recently, Mader reaffirmed its fiscal year 2025 guidance with expected revenue of at least A$870 million and NPAT of at least A$57 million, supporting a robust financial outlook amidst strong past earnings growth. The analysis detailed in our Mader Group growth report hints at robust future financial performance. Click here and access our complete balance sheet health report to understand the dynamics of Mader Group. Overview: PolyNovo Limited designs, manufactures, and sells biodegradable medical devices in the United States, Australia, New Zealand, and internationally with a market cap of A$949.91 million. Operations: The company's revenue primarily comes from the development, manufacturing, and commercialization of the NovoSorb technology, amounting to A$115.58 million. Estimated Discount To Fair Value: 28.0% PolyNovo, trading at A$1.38, is below its estimated fair value of A$1.91, suggesting undervaluation based on cash flows. The company's earnings have grown significantly by 270.2% over the past year and are forecast to increase by 39.6% annually, outpacing the Australian market's growth rate of 11.7%. Recent unaudited results show strong revenue growth with A$91.6 million reported for the year to date as of March 31, 2025. Our expertly prepared growth report on PolyNovo implies its future financial outlook may be stronger than recent results. Click to explore a detailed breakdown of our findings in PolyNovo's balance sheet health report. Discover the full array of 39 Undervalued ASX Stocks Based On Cash Flows right here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:DUR ASX:MAD and ASX:PNV. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Insider Action In Asian Undervalued Small Caps
Insider Action In Asian Undervalued Small Caps

Yahoo

time19-05-2025

  • Business
  • Yahoo

Insider Action In Asian Undervalued Small Caps

In recent weeks, Asian markets have experienced a positive shift in sentiment, buoyed by the temporary de-escalation of trade tensions between the U.S. and China, which has helped lift indices such as China's CSI 300 and Hong Kong's Hang Seng Index. In this environment, identifying small-cap stocks that are potentially undervalued requires careful consideration of factors like market positioning and growth potential amidst evolving economic conditions. Name PE PS Discount to Fair Value Value Rating Security Bank 4.4x 1.0x 40.62% ★★★★★★ Puregold Price Club 8.6x 0.4x 23.23% ★★★★★☆ East West Banking 3.1x 0.7x 35.91% ★★★★★☆ Atturra 29.9x 1.2x 33.43% ★★★★★☆ Hansen Technologies 291.8x 2.8x 22.64% ★★★★★☆ Dicker Data 19.9x 0.7x -41.60% ★★★★☆☆ Sing Investments & Finance 7.2x 3.7x 41.71% ★★★★☆☆ Smart Parking 74.5x 6.6x 44.82% ★★★☆☆☆ PWR Holdings 36.4x 5.0x 21.41% ★★★☆☆☆ Integral Diagnostics 162.4x 1.9x 41.86% ★★★☆☆☆ Click here to see the full list of 66 stocks from our Undervalued Asian Small Caps With Insider Buying screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★☆☆☆ Overview: Smart Parking operates in the parking management and technology solutions sector, with a focus on providing services across regions such as the United Kingdom, New Zealand, Australia, and Germany; the company has a market capitalization of A$100.23 million. Operations: Smart Parking generates revenue primarily from its Parking Management operations in the United Kingdom, New Zealand, and Germany, alongside its Technology Division. The company has seen a notable trend in its gross profit margin, reaching 64.13% as of September 2024. Operating expenses are a significant cost component, with depreciation and amortization also contributing to the expense structure. PE: 74.5x Smart Parking, a player in the parking technology sector, has recently been added to the S&P/ASX Emerging Companies and All Ordinaries Index. Despite facing lower profit margins this year (8.8% from 13.6%), they are poised for earnings growth of 34% annually. A recent follow-on equity offering raised A$45 million, indicating strategic expansion efforts. Insider confidence is evident with recent share purchases, suggesting potential optimism about future prospects despite reliance on higher-risk external borrowing for funding. Navigate through the intricacies of Smart Parking with our comprehensive valuation report here. Learn about Smart Parking's historical performance. Simply Wall St Value Rating: ★★★★★☆ Overview: East West Banking Corporation is a Philippine-based financial institution providing a range of banking and financial services, with a market capitalization of approximately ₱20.55 billion. Operations: East West Banking generates revenue primarily from its banking operations, with a notable gross profit margin of 98.93% as of the latest quarter. The company's cost structure includes operating expenses which have shown an upward trend, reaching ₱23.08 billion in the first quarter of 2025. General and administrative expenses form a significant part of these operating costs, amounting to ₱11.27 billion in the same period. PE: 3.1x East West Banking, a smaller player in Asia's financial sector, has seen its earnings grow from PHP 6.1 billion to PHP 7.6 billion over the last year, with basic earnings per share rising from PHP 2.7 to PHP 3.38. Despite a high bad loan ratio of 4.4% and a low allowance for these loans at 66%, insider confidence is evident through recent share purchases by executives earlier this year, signaling potential growth prospects amidst challenges. Dive into the specifics of East West Banking here with our thorough valuation report. Review our historical performance report to gain insights into East West Banking's's past performance. Simply Wall St Value Rating: ★★★★★☆ Overview: Ferretti is a company involved in the design, construction, and marketing of yachts and recreational boats with a market capitalization of approximately HKD 7.12 billion. Operations: The primary revenue stream is from the design, construction, and marketing of yachts and recreational boats. The company has seen fluctuations in its gross profit margin, with a notable increase to 37.38% by the end of 2022. Operating expenses have been steadily rising over time, impacting overall profitability. PE: 10.1x Ferretti, a company with growing profits and high-quality earnings, recently reported sales of €1.34 billion for 2024, up from the previous year. With insider confidence evident from Karel Komarek's purchase of 1 million shares worth approximately €21.35 million between March and May 2025, there's a clear vote of confidence in its potential. Despite relying on higher-risk external borrowing for funding, Ferretti's forecasted annual earnings growth rate of 9.56% suggests promising prospects in the competitive yacht manufacturing industry. Delve into the full analysis valuation report here for a deeper understanding of Ferretti. Understand Ferretti's track record by examining our Past report. Take a closer look at our Undervalued Asian Small Caps With Insider Buying list of 66 companies by clicking here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:SPZ PSE:EW and SEHK:9638. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio

ASX Stocks That May Be Trading Below Their Estimated Value In May 2025
ASX Stocks That May Be Trading Below Their Estimated Value In May 2025

Yahoo

time18-05-2025

  • Business
  • Yahoo

ASX Stocks That May Be Trading Below Their Estimated Value In May 2025

As the ASX200 prepares to open over one percent higher, despite mixed signals from Wall Street, investors are closely watching economic data and trade uncertainties that continue to shape market sentiment. In this environment, identifying stocks that may be trading below their estimated value can offer potential opportunities for those looking to navigate the complexities of the current market landscape. Name Current Price Fair Value (Est) Discount (Est) Smart Parking (ASX:SPZ) A$0.95 A$1.78 46.6% Lynas Rare Earths (ASX:LYC) A$7.66 A$13.43 43% Austal (ASX:ASB) A$5.06 A$9.20 45% Charter Hall Group (ASX:CHC) A$18.30 A$34.25 46.6% SciDev (ASX:SDV) A$0.365 A$0.68 46.4% Polymetals Resources (ASX:POL) A$0.83 A$1.52 45.4% Genesis Minerals (ASX:GMD) A$3.84 A$6.75 43.1% Sandfire Resources (ASX:SFR) A$10.73 A$21.13 49.2% PointsBet Holdings (ASX:PBH) A$1.095 A$2.08 47.2% Superloop (ASX:SLC) A$2.48 A$4.52 45.1% Click here to see the full list of 37 stocks from our Undervalued ASX Stocks Based On Cash Flows screener. Below we spotlight a couple of our favorites from our exclusive screener. Overview: Judo Capital Holdings Limited, with a market cap of A$1.55 billion, provides banking products and services tailored for small and medium businesses in Australia through its subsidiaries. Operations: Judo Capital Holdings derives its revenue primarily from its banking segment, which generated A$325.50 million. Estimated Discount To Fair Value: 26% Judo Capital Holdings is trading at A$1.39, significantly below its estimated fair value of A$1.88, highlighting potential undervaluation based on cash flows. Despite significant insider selling recently, the company's earnings are forecast to grow 28.15% annually over the next three years, outpacing the Australian market's average growth rate of 11.7%. However, its Return on Equity is expected to remain low at 10.1% in three years, which may be a concern for some investors. Upon reviewing our latest growth report, Judo Capital Holdings' projected financial performance appears quite optimistic. Click here and access our complete balance sheet health report to understand the dynamics of Judo Capital Holdings. Overview: Pantoro Gold Limited, with a market cap of A$1.25 billion, is involved in gold mining, processing, and exploration activities in Western Australia. Operations: Pantoro Gold Limited's revenue primarily comes from the Norseman Gold Project, generating A$289.11 million. Estimated Discount To Fair Value: 40.8% Pantoro Gold is trading at A$3.21, considerably below its estimated fair value of A$5.42, suggesting undervaluation based on cash flows. The company reported a significant turnaround with net income of A$6.62 million for the half year ended December 2024, compared to a loss previously. Earnings are projected to grow annually by 57.28%, and it is expected to become profitable in three years with a high forecasted Return on Equity of 21.4%. Our comprehensive growth report raises the possibility that Pantoro Gold is poised for substantial financial growth. Unlock comprehensive insights into our analysis of Pantoro Gold stock in this financial health report. Overview: Superloop Limited operates as a telecommunications and internet service provider in Australia with a market cap of A$1.27 billion. Operations: Superloop's revenue is derived from three main segments: Business (A$103.63 million), Consumer (A$316.02 million), and Wholesale (A$60.05 million). Estimated Discount To Fair Value: 45.1% Superloop, trading at A$2.48, is significantly undervalued based on cash flows with an estimated fair value of A$4.52. Despite reporting a net loss of A$7.78 million for the half year ended December 2024, this marks an improvement from the previous year's larger loss. Earnings are forecast to grow by 53.1% annually and become profitable within three years, with revenue growth expected to outpace the broader Australian market at 13.4% per year. The growth report we've compiled suggests that Superloop's future prospects could be on the up. Take a closer look at Superloop's balance sheet health here in our report. Click through to start exploring the rest of the 34 Undervalued ASX Stocks Based On Cash Flows now. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:JDO ASX:PNR and ASX:SLC. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@

Now, parking fee hike to hit wallets in Chandigarh
Now, parking fee hike to hit wallets in Chandigarh

Hindustan Times

time27-04-2025

  • Automotive
  • Hindustan Times

Now, parking fee hike to hit wallets in Chandigarh

Still suffering the jolt of property and collector rate hikes, Chandigarh residents may soon feel another pinch in their wallets — this time due to increased parking charges. Barely a month after the Chandigarh Municipal Corporation (MC) scrapped its long-pending Smart Parking Project, the civic body is back with a fresh proposal — complete with steeper parking charges and a push to revive the plan through a public-private partnership (PPP) model. The agenda, which will be tabled for discussion in the upcoming MC General House meeting on April 30, also introduces new mechanisms to gather vehicle-stay data through integrated POS machines, with software support proposed from the Society for Promotion of IT in Chandigarh (SPIC). According to the proposal, an MC committee had recently finalised the groundwork for preparing a new request for proposal (RFP) for the smart parking solution. Officials stated that several critical features were discussed for the revamped project — revenue-sharing illustrations, data protection mechanisms, GST and stamp duty inclusion, and, crucially, a revised parking fee structure. As per the new parking rates proposal, the first 15 minutes shall be free across 84 parking lots of the city — a moved aimed to encourage quick departure of short-stay visitors. This will facilitate faster circulation of vehicles and optimum utilisation of parking space. Thereon, four-wheelers will be charged ₹20 for up to four hours of parking — a sharp increase from the existing ₹14 — while two-wheelers will pay ₹10 instead of ₹7. A special rate of ₹85 for the first four hours has been proposed for the parking lots near Elante Mall, Fun Republic and Piccadily Square, making parking there most expensive in the city (see chart below). Meanwhile, electric vehicles (both two-wheelers and four-wheelers) have been promised free parking — until March 31, 2027. Post that, they too will be subjected to prevailing parking fees. For optimal utilisation of parking space, parking in underground facilities has been incentivised by charging ₹5 less than the surface parking rates, across all slabs. Also, to encourage the use of digital payments, MC will charge ₹5 extra in case of cash payments. Interestingly, the new parking rates will apply uniformly across the city — irrespective of whether the parking lots are operated directly by the MC or leased out to private contractors via e-tendering. Smart Parking project was shelved last month Originally conceived in August 2022, the Smart Parking project aimed to introduce a FASTag-enabled parking system across all parking lots in Chandigarh. In July 2023, MC House had decided on new rates under the Smart Parking project, which would be implemented only after the project's roll-out. MC had planned a marginal fee hike for tricity cars but decided to double the fee for out-of-tricity vehicles. The then Punjab governor and UT administrator, Banwarilal Purohit, had rejected the proposal to double parking fees for outside vehicles, but approved the hiked rates. But after years of delay, the much-anticipated Smart Parking project was rejected by the House last month, citing flawed tender conditions, and councillors had called for a fresh blueprint with revised rates and conditions. MC had said the rates proposed in the old project proposal, when combined with GST, result in impractical amounts, making payments inconvenient for residents. In the new proposal now, MC has rounded the figures off for easier transactions.

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