Kalpataru, a Mumbai-based real estate developer, is set to launch an IPO to raise ₹1,590 crore for debt repayment, diluting promoter stake to 81.3%. The company’s revenue and margins have improved, with reduced unsold inventory and shorter overhang days. While higher costs previously impacted the bottom line, Kalpataru has started reporting profits in the recent nine-month period ending December 2024.
Adani Ports shares shed 3% after Q1 results. Here’s why Nomura and other brokerages see up to 24% upside
Adani Ports shares fell 3% after the company reported Q1 FY27 results. Net profit rose 9% year-on-year to Rs 3,620 crore, while revenue increased 18.5%