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The newly acquired land is expected to contribute to an estimated revenue potential of Rs 1,000 crore for the company
The company reported receiving contracts for 2 million smart meters with a total value of Rs 2,300 crore during the quarter
LIC increased by more than 22% in 2023 and is up 7.5% so far in 2024.
Profit jumped 2.5% sequentially, while net interest income increased by roughly 4%.
The allotment of these shares was approved by the board of IANS at its meeting on January 16, 2024
The Board has re-appointed Amit Chadha, CEO and MD of the firm for three years.
The bank's net interest income (NII) for the same period increased by 24% YoY, reaching Rs 28,470 crore
This allows the brokerage firm to submit its plan with the National Company Law Tribunal (NCLT).
Robust performance expected across most metrics.
Recommendation: Add; Target price: Rs 5250
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