Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

L&T plans to exit Hyderabad Metro post 2026; what CFO said about Congress govt's free bus scheme

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The daily passenger count of the metro has declined from its peak of 550,000 in November 2023 to 480,000 now

Construction major Larsen & Toubro is planning to sell its stake in Hyderabad Metro after its ridership declined due to Telangana government’s free bus ride scheme for women, said whole-time director & chief financial officer R Shankar Raman.

The company owns 90 percent of the metro project, while 10 percent is with the state government.

The daily passenger count of the metro has declined from its peak of 550,000 in November 2023 to 480,000 now. The financials of the metro have been a concern for the company and it will look at monetizing the asset after FY26 as part of its non-core business plans, Raman told BT TV during an interview.

The Congress government had launched the free bus scheme in December 2023 after coming to power in the state. Other promises made by the Revanth Reddy-led government include health insurance of Rs 10 lakh, financial assistance of Rs 2,500 for women, and gas cylinders at Rs 500.

On the free bus ride scheme, Raman said the ridership of the metro has become "less interesting" and there is a clear gender divide in the usage of the public transport. He added that women have moved away from the metro and are occupying busses more despite no increase in the number of the latter. This has led to men moving away from busses to metro, he added.



The company also said it plans to monetize some of the real estate attached with the metro. L&T, which has a 65-year concession to run the system, received a Rs 3,000-crore soft loan from the state government.

L&T Hyderabad Metro Rail has a debt burden of 13,000 crore, this is apart from the Rs 2,000 crore loss the company has suffered in the past few years, and it plans to cut its debt down to Rs 8,000 crore.

Nifty Trading View Wrap Up For 13 May,2024:

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Share Market Closing Note


Sensex, Nifty close higher after falling 1% intraday:


India VIX has more room to rise and the volatility could continue until the general election results are announced, say analysts


At close, the Sensex was up 145 points or 0.2 percent at 72,809 and the Nifty 50 was up 64 points or 0.3 percent at 22,120. About 1,533 shares advanced, 2,001 shares declined, and 92 shares remained unchanged.


--------------------------------------------------------------------------------------------


Topic :- Time:3.00 PM


Nifty spot if manages to trade and hold above 22120 on closing basis then expect some further rise in the market in coming days and if it closes below above mentioned level then some sluggish movement can be seen. Avoid open positions for tomorrow.


--------------------------------------------------------------------------------------------


Topic :- Time:2.50 PM


Just In:

Airtel inks deal with Google Cloud to accelerate cloud adoption, deploy Generative AI solutions.


--------------------------------------------------------------------------------------------


Topic :- Time:2.30 PM


SILVER Trading View:

SILVER is trading at 84621. If it breaks and trade below 8550 level then expect some further decline in it and if it manages to trade and sustain above 84700 level then some upmove can follow in it.


--------------------------------------------------------------------------------------------


Topic :- Time:2.00 PM


Nifty and Banknifty both moved in green zone now. Nifty spot if manages to trade and sustain  above 22100 level then expect some further upmove in the market and if it breaks and trade below 22080 level then some decline can be observed.


--------------------------------------------------------------------------------------------


Topic :- Time:1.45 PM


Just In:

Aadhar Housing Finance IPO allotment expected on May 13.


--------------------------------------------------------------------------------------------


Topic :- Time:1.40 PM


Just In:

Piramal Pharma shares surge 11% to hit 52-week high after Q4 net profit more than doubles to ₹101 crore.


--------------------------------------------------------------------------------------------


Topic :- Time:1.30 PM


NATURALGAS Trading View:

NG is trading at 190.70. If it holds above 187 level then expect some upmove in it and if it breaks and trade below 187 level then some decline can be seen in the Naturalgas.


--------------------------------------------------------------------------------------------


Topic :- Time:1.15 PM


Just In:

Zomato Q4 net profit likely to rise 58% to ₹218 crore, revenue seen up 6% QoQ.


--------------------------------------------------------------------------------------------


Topic :- Time:1.10 PM


Just In:

Polycab shares hit a 52-week high after Q4 results.


--------------------------------------------------------------------------------------------


Topic :- Time:1.00 PM


Nifty has shown good recovery from its lows however if it manages to trade and sustain above 22040 level then expect some further upmove in the market and if it breaks and trade below 22000 level then some decline can follow in the Nifty.


--------------------------------------------------------------------------------------------


Topic :- Time:12.30 PM


Just In:

Indegene share price opens with 45% premium at ₹655 on NSE.


--------------------------------------------------------------------------------------------


Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 873. If it manages to trade and sustain above 875 level then expect some upmove in it and if it breaks and trade below 871 level then some decline can follow in Copper.


--------------------------------------------------------------------------------------------


Topic :- Time:12.00 PM


Nifty spot is trading at 21984. If it manages to trade and sustain above 22020 level then expect some upmove in it and if it breaks and trade below 21960 level then some decline can be seen in the market.


--------------------------------------------------------------------------------------------


Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex falls 450 pts; India VIX spikes 14%

2. Sensex crashes: Bears growl on D-St amid FPI selloff & poll jitters

3. Abki baar 400 paar is becoming a reality, says Modi

4. Tata Motors falls 9% on downgrades.

5. Zomato seen to deliver a hot profit & sales dish today

6. Spice co MDH has faced many US rejections

7. Wipro to settle lawsuits against former execs

8. India to sign 10-year agreement with Iran to manage Chabahar Port


--------------------------------------------------------------------------------------------


Topic :- Time:11.00 AM


After negative opening nifty is still trading in red zone. Nifty spot if manages to trade and sustain above 21920 level then some upmove can be seen and if it breaks and trade below 21900 level then further decline can follow.


--------------------------------------------------------------------------------------------


Topic :- Nifty Opening Note


Indian Stock Market Trading View For 13 May,2024:


After lot of beating in last week this week nifty is likely to gain some momentum again. Global cues will play critical role.


Nifty spot if manages to trade and sustain above 22120 level then expect some upmove in the market and if it breaks and trade below 22000 level then some decline can be observed further.


Please note this is just opening view and should not be considered as the view for the whole day.


-------------------------------------------------------------------------------------------

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us