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Kalpataru Projects International bags orders worth Rs 2,002 crore
Kalpataru Projects International has secured new orders valued at approximately Rs 2,002 crore. These orders span across Power Transmission & Distribution in overseas markets and Buildings & Factories in India. The company also received an order in the Railways segment. This achievement strengthens KPIL's position in high-growth markets and reinforces its footprint in the metro rail sector.
SBI Life, Power Grid, consumer stocks: Why HDFC Securities' is buying into all three right now
Unmesh Sharma, Head of Institutional Equities, HDFC Securities, holds an overweight on SBI Life at 120 bps in his model portfolio. On IT, he has moved from underweight to neutral, calling valuations below 20x a buying opportunity. Private banks trading below 2x price-to-book are a strong aaccumulation he says. Consumer names — Asian Paints, Crompton, Sobha — are turning interesting after valuation correction. Power Grid Corporation carries a 2% overweight, with transmission its cleanest play on India's power theme.