Buzzing Stocks Today, Stocks that will see action today: 22 July 2024 - HDFC Bank, YES Bank, IndusInd Bank, BPCL, Coal India, ONGC, IRCTC, Pearl Global, Vedanta, Shriram Properties, Navkar Corp, Gabriel India, KPI Green Energy, Cyient DLM, Jana SFB, Dodla Dairy, IDBI Bank, IOB, Suzlon, UCO Bank, HDFC Life,

Stock that will see action today: 22 July 2024

JSW Infrastructure secured prime office space from L&T Realty in Navi Mumbai’s Nerul for Rs 88 crore, covering over 52,690 sq ft in 11 units at L&T Seawoods Grand Central. This acquisition trend emphasizes purchasing properties over leasing. Additionally, the deal includes 52+ parking slots and required a Rs 5.29 crore stamp duty, per Propstacks records, registered on July 16. As Indias second-largest private port operator, JSW Infrastructure noted an 8% net profit decline to Rs 296.55 crore for June’s quarter, while revenues surged 20% to Rs 1,104 crore. Furthermore, subsidiary JSW Port Logistics aims to acquire a 70.37% stake in Navkar Corporation, worth Rs 1,644 crore, by Q3.

JSW Infrastructure buys Rs 88-crore office space in Navi Mumbai’s Nerul

Shares of JSW Infrastructure soared up to 5.3 per cent, hitting its 52-week high at Rs 336 per share on the BSE in Friday’s intraday deals

JSW Infra hits 52-week high after acquiring stake in Navkar Corporation

An open offer will be made to the rest of the shareholders of Navkar Corporation which will cost around Rs 412.17 cr

JSW Infra buys 70.4% stake in logistics firm Navkar Corp for Rs 1,013 cr

Board of JSW Infrastructure approves acquisition of majority stake in Navkar Corporation

Navkar Corp Standalone March 2023 Net Sales at Rs 103.55 crore, down 49.49% Y-o-Y

Stocks to watch out for today: Glenmark Pharma, Fortis Health Care, Navkar Corporation, Ambuja Cements, BHEL, Delhivery, PB Fintech and more

Stocks in news: Adani Ports, Ambuja Cements, Delhivery, PB Fintech and more

Navkar Corporation standalone net profit rises 98.28% in the September 2022 quarter

The company will utilise the consideration for further expansion of business.

Navkar Corporation’s board nods at transfer of assets to Adani Logistics; stock soars ~7%

Board of Navkar Corporation approves transfer of assets to Adani Logistics

Adani Ports and Special Economic Zone Ltd (APSEZ), has acquired inland container depot (ICD) Tumb from Navkar Corporation for Rs 835 crore.

Adani Logistics to buy inland container depot Tumb for Rs 835 crore

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Navkar Corporation Limited is a holding company. The Company is engaged in container freight station (CFS) operations and related activities.