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Ashoka Buildcon's shares gained attention after securing EPC contracts worth Rs 1,738 crore. Key projects include an elevated road in Mumbai and two creek bridges. The company's Q1 FY25 standalone net profit grew by 148% with a 22% YoY income rise. Shares have surged 73% in 2024, with a market cap of Rs 6,646 crore.
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U.S. central bankers reduced the interest rate target by half a percentage point in September. Federal Reserve Chair Jerome Powell stated that this significant reduction shows confidence in reaching the 2% inflation target, and it should not indicate future cut rates' pace. Policymakers are divided between focusing on inflation risks and labor market concerns.
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KRN Heat Exchanger Share Price: KRN Heat Exchanger and Refrigeration shares will debut on exchanges today, with a grey market premium (GMP) indicating potential multibagger gains of over 107%. The company's IPO saw an overwhelming subscription of over 200 times. The funds will be used to invest in a new facility in Rajasthan.
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