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Breakout stocks to buy or sell: Amber Enterprises to VIP Industries — Sumeet Bagadia recommends five shares to buy today

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Skipper, Amber Enterprises, Signet Industries, Refex Industries, and VIP Industries

The Economic Times

Smallcap multibagger stock surges 16% as Axis Securities predicts upside of over 40%

Axis Securities initiated coverage on Skipper with a buy rating and a target price of Rs 600. The stock surged 16% following the initiation. The brokerage firm is positive on Skipper's strong order book, capacity, multi-year revenue visibility, large export market, and robust balance sheet.

The Economic Times

Buy Skipper, target price Rs 600: Axis Securities

Axis Securities recommends buying Skipper shares with a target price of Rs 600 as its current market price is Rs 470.7. The company reported consolidated total income of Rs 1095.10 Crore and net profit after tax of Rs 31.59 Crore for the quarter ending June 2024.

Business Standard

HZL supplies zinc to country's heaviest transmission steel pole structure

Vedanta group firm Hindustan Zinc Ltd (HZL) on Tuesday said it has supplied zinc for the country's heaviest transmission steel pole structure weighing over 200 metric tonnes. The company said that its top-quality zinc has been used in the galvanization process for the transmission steel pole structure. The 400 kV (kilovolts) dual pole structure standing approximately 57 meters tall, underwent galvanisation process utilising a mix of Hindustan Zinc's low-dross jumbo special high grade zinc and special high grade (SHG) zinc ingots. The structure, designed and manufactured by Skipper Ltd, is part of the 400 kV Quad Moose DC Transmission Lines Project under the proposed Pinnapuram Integrated Renewable Energy with Storage Project in Andhra Pradesh, Hindustan Zinc said in a statement.

CNBC TV18

Skipper approves raising up to ₹600 crore via equity and debt

The company plans to raise the funds through multiple channels, such as private placements, Qualified Institutional Placements (QIPs), further public issues, rights issues, or any other permissible mode under applicable laws.

The Economic Times

Stock market update: Stocks that hit 52-week highs on NSE

IFB Agro, Skipper Ltd(PP), Bhagyanagar Ind, Country Club and Prime Focus, hit their fresh 52-week highs at 10:39AM.