Tuesday, September 22
Shares of Waaree Renewable Technologies surged 15% to Rs 1,120 in Tuesday’s intraday trade on the BSE, ahead of the company’s June quarter results.In a regulatory filing, Waaree Renewable said its Board of Directors will meet on Thursday, 17 July 2025, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended 30 June 2025.Meanwhile, the stock saw strong buying interest during the session, with around 25 lakh shares worth Rs 270 crore changing hands.As of 31 March 2025, promoter holding in the company stood at 74.4%, foreign institutional investors (FIIs) held 1.1%, mutual funds had no holdings, and the remaining 24.5% was held by other investors.Also Read: SBI, HDFC Bank among 10 banking stocks in Antique’s top picks that may rally up t
JM Financial has initiated coverage on Kalyan Jewellers with a ‘buy’ rating and a target price of Rs 700 per share, citing the company’s strong store expansion strategy, improving financial metrics and favourable structural tailwinds in India’s jewellery industry. The target implies a potential upside of 19.4% from Monday’s closing price.The brokerage values Kalyan at 45 times its pre-Ind AS estimated earnings for June 2027, a discount to peers like Titan, which trades at 57 times, citing the latter's superior margin profile and return ratios. However, the brokerage sees scope for a re-rating, stating, “We believe that this sustained performance has made the company a positive outlier in the discretionary space and will eventually result in re-rating of the stock.”Kalyan’s
Coca-Cola’s bottling company Hindustan Coca-Cola Beverages (HCCB) has announced Hemant Rupani, former president, Mondelez South East Asia, as its India CEO. Rupani will succeed outgoing chief Juan Pablo Rodriguez.The changes are effective September 8.“Hemant comes to HCCB after a nine-year career with Mondelez International Inc. He will succeed current HCCB CEO Juan Pablo Rodriguez, who is moving to a new opportunity in the Coca-Cola system,” Coca-Cola said in a statement.In his role at Mondelez, Rupani was overseeing operations in Indonesia, the Philippines, Vietnam, Malaysia, Singapore and Thailand. Prior to Mondelez, he has had stints at ICI India, PepsiCo, Infosys Technologies and Britannia.HCCB is the largest Coca-Cola bottler in India. In December 2024, the beverages maker anno
