Latest news with #Uppal
Economic Times
4 days ago
- Business
- Economic Times
Buy Ahluwalia Contracts, target price Rs 1,210: JM Financial
JM Financial has maintained Buy call on Ahluwalia Contracts (India) with a revised target price of Rs 1210 (earlier Rs 1,200). The current market price of Ahluwalia Contracts (India) Ltd. is Rs 943.0 Time period given by analyst is year when Ahluwalia Contracts (India) price can reach the defined target. Ahluwalia Contracts, incorporated in 1979, is a Small Cap company with a market cap of Rs 6284.77 crore, operating in the Construction sector. ADVERTISEMENT Ahluwalia Contracts' key products/revenue segments include Contract Revenue, Scrap, Lease Rentals, Project Consultancy Services and Property Development for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1233.87 crore, up 27.62% from last quarter Total Income of Rs 966.82 crore and up 4.92% from last year same quarter Total Income of Rs 1176.01 crore. The company has reported net profit after tax of Rs 83.22 crore in the latest quarter. The company's top management includes Ahluwalia, Uppal, Ahluwalia, Sharma, Prashad Gupta, Bhide, Khurana, Kumar Sachdeva. Company has Amod Agrawal & Associates as its auditors. As on 31-03-2025, the company has a total of 7 crore shares outstanding. Investment Rationale JM Financial likes Ahluwalia Contracts given its asset light business, lean balance sheet, consistent FCF generation over last 10 years and strong return ratios despite moderate margins. Robust backlog of Rs 158 billion provides a strong growth visibility. The brokerage expects robust revenue/EPS CAGR of 23%/46% over FY25-27E led by strong order backlog and recovery in margins. The stock is currently trading at 19x/15x FY26/27E EPS. JM Financial maintains a BUY with a revised price target of Rs 1210 (19x FY27 EPS). Promoter/FII Holdings Promoters held 55.32 per cent stake in the company as of 31-Mar-2025, while FIIs owned 12.07 per cent, DIIs 24.33 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
4 days ago
- Business
- Time of India
Buy Ahluwalia Contracts, target price Rs 1,210: JM Financial
JM Financial has maintained Buy call on Ahluwalia Contracts (India) with a revised target price of Rs 1210 (earlier Rs 1,200). The current market price of Ahluwalia Contracts (India) Ltd. is Rs 943.0 Time period given by analyst is year when Ahluwalia Contracts (India) price can reach the defined target. Ahluwalia Contracts, incorporated in 1979, is a Small Cap company with a market cap of Rs 6284.77 crore, operating in the Construction sector. Ahluwalia Contracts' key products/revenue segments include Contract Revenue, Scrap, Lease Rentals, Project Consultancy Services and Property Development for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1233.87 crore, up 27.62% from last quarter Total Income of Rs 966.82 crore and up 4.92% from last year same quarter Total Income of Rs 1176.01 crore. The company has reported net profit after tax of Rs 83.22 crore in the latest quarter. The company's top management includes Ahluwalia, Uppal, Ahluwalia, Sharma, Prashad Gupta, Bhide, Khurana, Kumar Sachdeva. Company has Amod Agrawal & Associates as its auditors. As on 31-03-2025, the company has a total of 7 crore shares outstanding. Live Events Investment Rationale JM Financial likes Ahluwalia Contracts given its asset light business, lean balance sheet, consistent FCF generation over last 10 years and strong return ratios despite moderate margins. Robust backlog of Rs 158 billion provides a strong growth visibility. The brokerage expects robust revenue/EPS CAGR of 23%/46% over FY25-27E led by strong order backlog and recovery in margins. The stock is currently trading at 19x/15x FY26/27E EPS. JM Financial maintains a BUY with a revised price target of Rs 1210 (19x FY27 EPS). Promoter/FII Holdings Promoters held 55.32 per cent stake in the company as of 31-Mar-2025, while FIIs owned 12.07 per cent, DIIs 24.33 per cent.
Calgary Herald
4 days ago
- Politics
- Calgary Herald
John Ivison: Conservatives aren't listening to Harper's warnings about avoiding India politics
Conservative party deputy leader Tim Uppal posted on social media on Wednesday morning, urging Sikhs to remember 1984. Article content 'Forty one years ago, a pre-planned attack by the Indian army named Operation Blue Star was executed against one of the Sikh's holiest places of worship, the Golden Temple, on one of the holiest days… Although intended to destroy the community, Sikhs have grown stronger over the years.' Article content Article content Article content It is not clear whether Uppal posted the reminder of an episode that inflames Khalistani separatists in spite of, or because of, remarks made by his former boss Stephen Harper at an event in Brampton, Ont. last weekend. Article content Article content The ex-prime minister urged all political parties to heed two points: firstly, that today more than ever, Canada needs a strong relationship with India; and, secondly, that any party that aspires to government must 'sever its relations with those who seek bring the battle of India's past to Canada.' Article content While such people have the right to their democratic views, just as we tolerate those who want to break up Canada, we do not tolerate such views in parties that wish to govern the country, he said. When he was in government, his caucus understood this, he added. Article content There was a sense in the pointed nature of his message that he does not think this is the case now in Pierre Poilievre's Conservative party. Article content Article content There are subtle signs of Sikh ascendancy. Article content Article content Harper is said to have been asked by the Conservative campaign not to post any photos of himself and Indian Prime Minister Narendra Modi, during Harper's visit to the sub-continent in February. Article content Hindus say they were upset by what they considered a weak response from Poilievre (and Liberal Leader Mark Carney) to the murder of 25 mainly Hindu tourists in Jammu and Kashmir during the election. The terrorists, thought to be Pakistan-linked Islamists, reportedly asked their victims their religion before shooting them. Neither Canadian leader mentioned India or that the victims were predominantly Hindu in their responses Article content Sikhs now dominate positions of power in the Conservative party: Uppal is deputy leader, Jasraj Hallan is the finance critic, and Arpin Khanna led the party's outreach effort during the election. (Khanna was previously the Ontario co-chair of Poilievre's leadership campaign and was endorsed by the leader when he ran in a by-election in Oxford, Ont., to replace veteran Dave MacKenzie.)
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Business Standard
25-05-2025
- Business
- Business Standard
Punjab trade hubs severely bear the brunt of India-Pakistan conflict
Industries reel, migrants depart, and political voices demand relief. A ground report from Attari, Ludhiana, and Jalandhar by Sarthak Choudhury Sarthak Choudhury Listen to This Article Ranveer Uppal (name changed) remembers when Attari railway station thrummed with life. At 67, he has spent a lifetime at this landmark, which sits closer to Lahore than to Amritsar. From this edge of India, he has been witness to handshakes and hostilities, hopes and heartbreaks. Until 2019, Uppal was among the many workers who made their living at the Attari railway station. That year, trade between India and Pakistan ground to a halt in the wake of the Pulwama terrorist attack and the abrogation of Article 370. Nearly 5,000 workers, including Uppal, were rendered jobless. Since then, he
The Hindu
12-05-2025
- Politics
- The Hindu
Chief Minister meets Governor to appraise him of situation in Telangana
Chief Minister A Revanth Reddy met Governor Jishnu Dev Varma on Monday morning and discussed with him various issues concerning the State in the backdrop of the Indo-Pak conflict and how the State was on alert to deal with any situation. The Chief Minister is said to have requested the Governor to clear the file related to the appointment of the Information Commissioners that was pending at Raj Bhavan for the last few days. Interestingly, a few hours after the CM's meeting orders were given appointing four Information Commissioners. It was rumoured earlier that the Governor kept the files pending as some of the suggested names had a political background and their names could not be cleared. The CM is said to have convinced that those who were picked had journalistic experience and their work was also related to media and nothing political. Minister for Industries D Sridhar Babu too accompanied the Chief Minister. Mr. Reddy also informed the Governor on the steps taken by the government to provide comprehensive relief and support to citizens returning from border areas through the Telangana Bhawan in New Delhi. Telugu students and others wanted to come back home temporarily due to the tense situation on the borders. The government made arrangements at the Telangana Bhavan in New Delhi and later they were shifted to their respective places in Telangana. As of now, a total of 162 persons arrived at Telangana Bhawan, including 56 individuals from various institutions in Jammu & Kashmir and 106 from Punjab, according to government officials in New Delhi. Out of these, 130 persons have already left for their respective hometowns after receiving necessary assistance. The remaining individuals are being accommodated at Telangana Bhawan and will leave in due course, Resident Commissioner Gaurav Uppal said after reviewing the arrangements and interacting with the students. During the interaction, many students conveyed that their institutions were asking them to return to campus as the situation in border areas was showing signs of improvement. However, a majority of them expressed the desire to visit their homes first and return to their institutions once the situation fully stabilizes. Mr. Uppal reached out to the concerned university authorities and urged them to facilitate online classes for the time being. The institutions responded positively and agreed to extend such support. A few final-year students also conveyed their intention to wait for a few more days before making a decision, to which Mr. Uppal assured full cooperation from the Telangana government and encouraged them to stay at Telangana Bhawan as long as required.
