Indian equities ended an eight-week losing streak as lower crude oil prices supported a broad market rebound. Foreign portfolio investors continued selling, but domestic institutional buying provided a counterweight.
11:59 PMEconomic Times34 stories from 4 sources
Stocks rebound, but foreign selling keeps India’s market fragile
Day’s Recap
Supporting Articles
Indian equities rebounded sharply, with the Sensex rising 879.09 points and the Nifty 50 gaining 288.65 points to close at 22,520.45. IT stocks led the recovery, while more than 2,100 listed shares advanced.
7:37 AMEconomic Times
The Nifty 50 ended an eight-week losing streak, gaining nearly 1.3% on Friday to close above 22,500 as IT, FMCG and auto stocks rallied. Foreign selling, high US bond yields, elevated crude prices and a more restrictive RBI stance continue to weigh on the outlook.
6:42 AMEconomic Times
Indian equities have lost nearly Rs 30 lakh crore in market value amid higher oil prices, elevated bond yields and sustained foreign selling. The Nifty remains technically weak, with analysts tying any rebound to the resilience of the broader economy.
12:49 AMEconomic Times
Jio Platforms is expected to set its IPO price band at Rs 1,065 to Rs 1,119, targeting proceeds of Rs 28,755 crore to Rs 30,213 crore. The offering is scheduled to open for subscription on October 21, with a potential listing on October 28.
6:48 AMEconomic Times
Jio Platforms is seeking investor support for what could become a record IPO, but its valuation targets are drawing skepticism. The roadshow is also an early test for Akash Ambani as he leads a major Reliance transaction independently.
1:00 AMBloomberg Markets
Elon Musk accused billionaire Mukesh Ambani of acting as India’s “real boss” as regulatory and other delays hold up Starlink’s entry into the country.
10:35 PMAl Jazeera
Elon Musk has publicly criticised Reliance Industries chairman Mukesh Ambani as Starlink faces delays in entering India. The dispute reflects the broader contest over how satellite internet will be licensed and priced in the Indian market.
2:42 AMBBC
Poonawalla Fincorp's second-quarter net profit rose more than fivefold as net interest income and fee income increased. New loan products contributed meaningfully to disbursements, while the gross non-performing asset ratio improved.
12:15 PMEconomic Times
Poonawalla Fincorp reported a 407% year-on-year increase in Q2FY27 profit to Rs 375 crore, while net interest income rose 81%. Operating profit more than doubled as the lender expanded its business, improved asset quality and grew its gold loan network.
9:43 AMEconomic Times
Indian IT stocks rose as much as 4% and added about Rs 70,000 crore in market value despite the US suspension of a labour certification programme. Strong TCS results, lower oil prices and bond yields, and positive developments around OpenAI helped outweigh concerns over immigration policy and artificial intelligence.
4:18 AMEconomic Times
Zerodha founder Nithin Kamath warned that smallcap and microcap stocks account for a substantial share of India’s margin trading facility book. He said these stocks could face sharper selling pressure and weaker liquidity during a market downturn.
9:31 AMEconomic Times
Nomura cut its target for PB Fintech by 31% to Rs 1,100 after proposed IRDAI restrictions on insurance website practices and commissions. It also lowered earnings estimates, while alternative valuation scenarios put fair value between Rs 1,335 and Rs 1,366.
6:46 AMEconomic Times
Vivriti Asset Management has returned more than Rs 3,400 crore to investors across two credit fund vintages, including over Rs 2,260 crore from its completed Vintage II funds. Vintage II invested in more than 45 companies and generated gross internal rates of return of about 12% to 15%.
2:31 AMEconomic Times11:59 PMEconomic Times
D-Street breaks 8-week losing run, outlook stays cautious though
Summary
Indian equities ended an eight-week losing streak as lower crude oil prices supported a broad market rebound. Foreign portfolio investors continued selling, but domestic institutional buying provided a counterweight.
The recovery rests on a softer commodity-cost outlook and domestic liquidity rather than a clear
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The rebound offers relief, but persistent foreign selling leaves the market vulnerable if domestic support weakens.
7:37 AMEconomic Times
Market wrap: ITC, TCS, BSE, RIL top gainers and losers on Nifty and Sensex on Friday
Summary
Indian equities rebounded sharply, with the Sensex rising 879.09 points and the Nifty 50 gaining 288.65 points to close at 22,520.45. IT stocks led the recovery, while more than 2,100 listed shares advanced.
The breadth of Friday’s advance points to broad bargain buying rather than a narrow index
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The rally restored risk appetite, but investors still need evidence that the recovery can extend beyond a single session.
6:42 AMEconomic Times
Friday heavy lifting saves Nifty from record nine weeks of losses. Can bulls take charge now?
Summary
The Nifty 50 ended an eight-week losing streak, gaining nearly 1.3% on Friday to close above 22,500 as IT, FMCG and auto stocks rallied. Foreign selling, high US bond yields, elevated crude prices and a more restrictive RBI stance continue to weigh on the outlook.
Friday’s surge stopped the losing streak but did not resolve the market’s macro pressures. Bulls
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The market has regained a technical foothold, but external conditions still argue against assuming a full trend reversal.
12:49 AMEconomic Times
Rs 30 lakh crore wiped out! What will it take for bulls to recover from a 6-week selling rut?
Summary
Indian equities have lost nearly Rs 30 lakh crore in market value amid higher oil prices, elevated bond yields and sustained foreign selling. The Nifty remains technically weak, with analysts tying any rebound to the resilience of the broader economy.
The selloff reflects a worsening combination of external cost pressure, tighter financial conditions and foreign
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The market's recovery now depends more on macroeconomic stabilization than on technical oversold signals.
6:48 AMEconomic Times
Reliance Jio IPO: Likely price band for India's biggest listing revealed. Check details
Summary
Jio Platforms is expected to set its IPO price band at Rs 1,065 to Rs 1,119, targeting proceeds of Rs 28,755 crore to Rs 30,213 crore. The offering is scheduled to open for subscription on October 21, with a potential listing on October 28.
The planned fundraise would make Jio’s offering a major test of India’s primary market capacity
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Jio’s IPO will be a key signal for India’s equity issuance window and public-market appetite for large technology businesses.
2 stories · 2 sources
1:00 AMBloomberg Markets
Ambani Heirs Face Tough Questions in Roadshow for Record Jio IPO
Summary
Jio Platforms is seeking investor support for what could become a record IPO, but its valuation targets are drawing skepticism. The roadshow is also an early test for Akash Ambani as he leads a major Reliance transaction independently.
Investor resistance to Jio's valuation could force Reliance to temper pricing or offer stronger evidence
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Jio's pricing will shape both Reliance's capital-raising options and the market's confidence in its succession strategy.
10:35 PMAl Jazeera
Elon Musk lashes out at Indian ‘Prime Minister’ Mukesh Ambani in Starlink
Summary
Elon Musk accused billionaire Mukesh Ambani of acting as India’s “real boss” as regulatory and other delays hold up Starlink’s entry into the country.
The dispute has shifted from a licensing delay into a public fight over who controls
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The confrontation could influence India’s rules for satellite broadband and the competitive balance in a strategically important market.
2:42 AMBBC
Why Elon Musk is taking on India's richest man over Starlink
Summary
Elon Musk has publicly criticised Reliance Industries chairman Mukesh Ambani as Starlink faces delays in entering India. The dispute reflects the broader contest over how satellite internet will be licensed and priced in the Indian market.
The decisive issue is market access: Starlink needs Indian regulatory approval while Ambani's Reliance-backed Jio
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
India's rules for satellite spectrum could determine whether Starlink becomes a meaningful competitor or remains marginal in one of the world's largest telecom markets.
12:15 PMEconomic Times
Poonawalla Fincorp Q2 profit surges fivefold as income rises
Summary
Poonawalla Fincorp's second-quarter net profit rose more than fivefold as net interest income and fee income increased. New loan products contributed meaningfully to disbursements, while the gross non-performing asset ratio improved.
The earnings jump reflects both stronger revenue generation and better asset quality, giving the lender
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Higher income, diversified lending and improving asset quality strengthen the case for a sustained earnings recovery at Poonawalla Fincorp.
9:43 AMEconomic Times
Poonawalla Fincorp Q2 Results: Profit skyrockets 407% YoY to Rs 375 crore, NII rises 81%
Summary
Poonawalla Fincorp reported a 407% year-on-year increase in Q2FY27 profit to Rs 375 crore, while net interest income rose 81%. Operating profit more than doubled as the lender expanded its business, improved asset quality and grew its gold loan network.
The sharp profit increase reflects both faster income growth and better credit performance, giving Poonawalla
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The results strengthen the case that Poonawalla Fincorp is moving from a growth-led lender toward a more profitable and diversified lending platform.
4:18 AMEconomic Times
Explained: Why IT stocks ignored Donald Trump’s PERM suspension to gain Rs 70,000 crore in one day
Summary
Indian IT stocks rose as much as 4% and added about Rs 70,000 crore in market value despite the US suspension of a labour certification programme. Strong TCS results, lower oil prices and bond yields, and positive developments around OpenAI helped outweigh concerns over immigration policy and artificial intelligence.
Strong company-specific earnings, led by TCS's 15% profit growth, temporarily outweighed the threat from tighter
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
IT valuations are responding more to earnings momentum than to policy risk, but that balance could reverse if US restrictions intensify or AI weakens demand.
9:31 AMEconomic Times
Half of India’s MTF book is in smallcaps; Nithin Kamath flags liquidity risks
Summary
Zerodha founder Nithin Kamath warned that smallcap and microcap stocks account for a substantial share of India’s margin trading facility book. He said these stocks could face sharper selling pressure and weaker liquidity during a market downturn.
The concentration of leveraged positions in smaller stocks raises the risk that forced selling will
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A correction in smallcaps could spread beyond stock prices by exposing the leverage embedded in India’s retail trading boom.
6:46 AMEconomic Times
Nomura becomes latest brokerage to cut PB Fintech share price target by 31%, lists 2 scenarios for fair price
Summary
Nomura cut its target for PB Fintech by 31% to Rs 1,100 after proposed IRDAI restrictions on insurance website practices and commissions. It also lowered earnings estimates, while alternative valuation scenarios put fair value between Rs 1,335 and Rs 1,366.
The target cut shows that regulatory risk has moved directly into PB Fintech’s earnings outlook
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Regulatory changes could weaken the economics of India’s online insurance distribution model.
2:31 AMEconomic Times
Vivriti Asset Management returns over Rs 3,400 crore to investors across two fund vintages
Summary
Vivriti Asset Management has returned more than Rs 3,400 crore to investors across two credit fund vintages, including over Rs 2,260 crore from its completed Vintage II funds. Vintage II invested in more than 45 companies and generated gross internal rates of return of about 12% to 15%.
The distributions provide evidence that private credit funds can return capital at scale while producing
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The exits strengthen the case for private credit as an institutional asset class while putting greater scrutiny on realised, after-fee performance.
Other Developments
A curated list of other prominent stories from this day.
Portsmouth Technologies sold 30 lakh Anthem Biosciences shares at Rs 833 each in a block deal worth Rs 249.90 crore. The transaction will materially reduce its stake after Anthem reported weaker first-quarter FY27 income and profit.
12:23 PMEconomic Times
Anand Rathi Wealth reported a 22% year-on-year rise in quarterly business profit to Rs 122 crore, with revenue increasing 16%. Assets under management reached Rs 1.08 lakh crore after record quarterly net inflows of Rs 4,186 crore, and the company declared a Rs 4 per share dividend.
9:42 AMEconomic Times
Entities managed by GQG Partners sold 50.39 lakh Adani Power shares in on-market transactions, reducing their combined stake to 5.72% from 5.74%. The disclosure follows a 27.05% rise in the stock in 2026 as Adani Power expands into Bhutanese hydropower.
8:58 AMEconomic Times
Tata Asset Management CEO Anand Vardarajan said passive funds, specialised investment funds and GIFT City are reshaping Indian wealth management. He recommended combining active and passive strategies while tracking global yields, inflation and valuations when building diversified portfolios.
8:25 AMEconomic Times
Airtel Money began conditional trading on the London Stock Exchange at an offer price of £1.96 per share. The stock briefly rose to about £2 before easing, with unconditional trading expected to begin on October 14, 2026.
7:24 AMEconomic Times
Seven BSE 1000 stocks reached fresh 52-week highs during Friday’s market rebound. Cupid led the group with a 31% monthly gain, followed by Shreeji Shipping Global, Aditya Infotech and others.
7:03 AMEconomic Times
Cupid shares rose 3% to a fresh 52-week high of Rs 368, extending a four-session rally and a dramatic five-year gain. The company has raised its FY27 guidance twice this month, targeting revenue of Rs 800 crore and net profit of Rs 250 crore.
2:08 AMEconomic Times
MV Electrosystems shares have more than doubled from their IPO price in two months, lifting the value of the promoter-backed stake to Rs 111.55 crore. The rally comes despite falling FY26 revenue and a reported net loss.
6:25 AMEconomic Times
SEPC shares rose nearly 11% to Rs 5.47 after the company won an Rs 854.57-crore contract for the expansion of SAIL's IISCO Steel Plant in Burnpur. The order lifted SEPC's consolidated order book above Rs 10,000 crore, nearly 10 times its market capitalisation.
4:54 AMEconomic Times
Investor Ashish Kacholia sold more than 200,000 Carysil shares during the July-September quarter, reducing his holding to 2.72%. The kitchen sink maker's stock has fallen sharply from its July peak after a strong rally earlier in the year.
4:34 AMEconomic Times
The Nifty India Defence index gained 25% in the first half of FY27 despite broader market volatility. Ten defence stocks rose between 50% and 600%, while six more than doubled investor wealth, led by Sigma Advanced Systems, Unimech Aerospace and MTAR Technologies.
4:33 AMEconomic Times
Vedanta shares rose more than 3% after the company announced its first interim dividend of Rs 5 per share for FY27, involving a total payout of Rs 1,955 crore. It is the company's first dividend since its planned demerger into five entities.
3:40 AMEconomic Times
Hospital stocks rose after the government capped trade margins on non-scheduled anti-cancer drugs at 30%, a move that could reduce medicine prices by as much as 70%. Jefferies and Emkay expect the earnings impact to remain manageable, while Jefferies favors Fortis, Manipal, Apollo, Max Healthcare and Medanta.
1:44 AMEconomic Times
Hexaware Technologies shares rose 11% after the IT services company announced a multiyear partnership with Anthropic. The agreement will integrate Claude models into Hexaware’s platforms for enterprise AI, IT operations and software engineering.
12:56 AMEconomic Times
NCC secured a Rs 1,286.03 crore road construction order from Hyderabad Growth Corridor Limited in Telangana, lifting its shares by 5%. The project covers the first package of Radial Road-2 between the Outer Ring Road near Budwel and Shabad on NH-167N.
12:38 AMEconomic Times12:23 PMEconomic Times
Anthem Biosciences block deal: Portsmouth Technologies sells 30 lakh shares worth Rs 250 crore
Summary
Portsmouth Technologies sold 30 lakh Anthem Biosciences shares at Rs 833 each in a block deal worth Rs 249.90 crore. The transaction will materially reduce its stake after Anthem reported weaker first-quarter FY27 income and profit.
The sale adds near-term supply pressure to Anthem Biosciences shares and signals an exit or
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A large shareholder exit alongside softer earnings can weigh on the stock and raise questions about Anthem's near-term growth outlook.
9:42 AMEconomic Times
Anand Rathi Wealth Q2 Results: Profit rises 22% to Rs 122 crore; co declares dividend of Rs 4 per share
Summary
Anand Rathi Wealth reported a 22% year-on-year rise in quarterly business profit to Rs 122 crore, with revenue increasing 16%. Assets under management reached Rs 1.08 lakh crore after record quarterly net inflows of Rs 4,186 crore, and the company declared a Rs 4 per share dividend.
Record inflows, rather than market appreciation alone, are driving the firm’s asset growth and provide
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Anand Rathi Wealth is gaining scale in a market where fee-based wealth managers benefit directly from rising financialization and affluent household wealth.
8:58 AMEconomic Times
Adani Power shares: GQG Partners-managed entities cut stake to 5.72% from 5.74%
Summary
Entities managed by GQG Partners sold 50.39 lakh Adani Power shares in on-market transactions, reducing their combined stake to 5.72% from 5.74%. The disclosure follows a 27.05% rise in the stock in 2026 as Adani Power expands into Bhutanese hydropower.
The 2 basis point reduction is too small to establish a broad exit, but it
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The transaction is a limited signal, but it puts investor positioning and the sustainability of Adani Power’s rally under closer scrutiny.
8:25 AMEconomic Times
ET Alpha Wealth Summit 2.0 | SIFs, passive funds and GIFT City: How India's wealth portfolios are evolving, says Tata AMC's Anand Vardarajan
Summary
Tata Asset Management CEO Anand Vardarajan said passive funds, specialised investment funds and GIFT City are reshaping Indian wealth management. He recommended combining active and passive strategies while tracking global yields, inflation and valuations when building diversified portfolios.
The shift is broadening investor choice beyond traditional mutual fund categories and creating more routes
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
India’s wealth industry is moving toward more segmented products and global access, increasing both the range of investor options and the need for sharper allocation decisions.
7:24 AMEconomic Times
Airtel Money makes London debut after raising $703 million in biggest IPO of the year
Summary
Airtel Money began conditional trading on the London Stock Exchange at an offer price of £1.96 per share. The stock briefly rose to about £2 before easing, with unconditional trading expected to begin on October 14, 2026.
The listing gives Airtel Africa a public market valuation for its payments business and creates
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The debut could influence how investors value African digital payments assets and Bharti Airtel’s broader portfolio.
7:03 AMEconomic Times
Cupid among 7 stocks that hit 52-week highs; rallied up to 30% in a month
Summary
Seven BSE 1000 stocks reached fresh 52-week highs during Friday’s market rebound. Cupid led the group with a 31% monthly gain, followed by Shreeji Shipping Global, Aditya Infotech and others.
The gains show that momentum has spread beyond the largest companies, but sharp monthly rises
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Small and mid-cap momentum is returning, but stretched valuations could make these names vulnerable if sentiment turns.
2:08 AMEconomic Times
15,410% rally in 5 years! Multibagger Cupid shares jump 3% to hit fresh 52-week high
Summary
Cupid shares rose 3% to a fresh 52-week high of Rs 368, extending a four-session rally and a dramatic five-year gain. The company has raised its FY27 guidance twice this month, targeting revenue of Rs 800 crore and net profit of Rs 250 crore.
The latest rally is being driven by repeated upward revisions to management's FY27 targets, not
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Cupid's targets have reset investor expectations, but the stock's steep rerating makes delivery against guidance critical.
6:25 AMEconomic Times
Madhusudan Kela-backed MV Electrosystems shares more than double from IPO price in just 2 months. Should you buy?
Summary
MV Electrosystems shares have more than doubled from their IPO price in two months, lifting the value of the promoter-backed stake to Rs 111.55 crore. The rally comes despite falling FY26 revenue and a reported net loss.
The share price has moved ahead of the company’s recent operating performance, increasing the risk
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The stock illustrates how quickly IPO momentum can detach from current business performance.
4:54 AMEconomic Times
Rs 1,024-crore market cap, Rs 10,000-crore order book: This penny stock jumps 11% after SAIL deal
Summary
SEPC shares rose nearly 11% to Rs 5.47 after the company won an Rs 854.57-crore contract for the expansion of SAIL's IISCO Steel Plant in Burnpur. The order lifted SEPC's consolidated order book above Rs 10,000 crore, nearly 10 times its market capitalisation.
The SAIL contract materially improves SEPC's revenue visibility, but the order book's size does not
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
SEPC now has a large execution opportunity, but investors must weigh that backlog against the risks of converting orders into profitable cash flow.
4:34 AMEconomic Times
Ashish Kacholia sells over 2 lakh Carysil shares in Q2. How has the stock fared?
Summary
Investor Ashish Kacholia sold more than 200,000 Carysil shares during the July-September quarter, reducing his holding to 2.72%. The kitchen sink maker's stock has fallen sharply from its July peak after a strong rally earlier in the year.
Kacholia's reduced stake removes a prominent investor signal just as Carysil's momentum has weakened from
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A high-profile stake reduction combined with a sharp price decline raises the bar for Carysil's next earnings update.
4:33 AMEconomic Times
6 Defence stocks turn multibaggers in H1 FY27, rally up to 600%
Summary
The Nifty India Defence index gained 25% in the first half of FY27 despite broader market volatility. Ten defence stocks rose between 50% and 600%, while six more than doubled investor wealth, led by Sigma Advanced Systems, Unimech Aerospace and MTAR Technologies.
Defence stocks have become a concentrated momentum trade, with gains far outpacing the sector index
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The defence theme is attracting capital quickly, but extraordinary returns raise the risk that expectations have moved ahead of fundamentals.
3:40 AMEconomic Times
Vedanta shares jump over 3% after Rs 5 interim dividend announcement
Summary
Vedanta shares rose more than 3% after the company announced its first interim dividend of Rs 5 per share for FY27, involving a total payout of Rs 1,955 crore. It is the company's first dividend since its planned demerger into five entities.
The dividend reinforces Vedanta's cash-return appeal and gives investors an early indication of how payouts
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Vedanta's first post-demerger dividend offers an early test of whether the restructuring can preserve shareholder distributions.
1:44 AMEconomic Times
Apollo, Max Health, other hospital stocks rally up to 5% despite cancer drug price caps. Why Jefferies stays bullish
Summary
Hospital stocks rose after the government capped trade margins on non-scheduled anti-cancer drugs at 30%, a move that could reduce medicine prices by as much as 70%. Jefferies and Emkay expect the earnings impact to remain manageable, while Jefferies favors Fortis, Manipal, Apollo, Max Healthcare and Medanta.
The margin cap shifts value toward patients and hospitals while pressuring drug-related margins in the
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The policy could improve cancer treatment affordability without materially weakening hospital earnings.
12:56 AMEconomic Times
Hexaware Technologies shares surge 11% on multi-year pact with Anthropic
Summary
Hexaware Technologies shares rose 11% after the IT services company announced a multiyear partnership with Anthropic. The agreement will integrate Claude models into Hexaware’s platforms for enterprise AI, IT operations and software engineering.
The deal strengthens Anthropic’s route into large corporate deployments through an IT services provider that
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Enterprise adoption is increasingly being distributed through services firms that can embed AI into existing business operations.
12:38 AMEconomic Times
NCC shares jump 5% on Rs 1,286 crore Telangana road project order
Summary
NCC secured a Rs 1,286.03 crore road construction order from Hyderabad Growth Corridor Limited in Telangana, lifting its shares by 5%. The project covers the first package of Radial Road-2 between the Outer Ring Road near Budwel and Shabad on NH-167N.
The order adds visibility to NCC's infrastructure backlog and strengthens its exposure to Telangana's road
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The contract supports NCC's growth outlook while reinforcing the importance of execution in infrastructure stocks.
Make it yours
Build Your First Pass.
Pick your topics, set your cadence, and receive your personalized First Pass in your inbox. It’s that simple!