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The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order.

The stock has surged more than 55 percent in the past three months, making it the most valued public sector undertaking ahead of SBI

Revenue from operations for the same period grew 25 percent YoY to Rs 1,10,577 crore for the quarter, while EBITDA for the quarter grew 59 percent to Rs 15,333.3 crore.

The company#39;s net profit zoomed 121 percent on-year to Rs 244.4 crore, and revenue from operations jumped 64 percent YoY to Rs 1,056.4 crore during the quarter ended December 2023.

Several brokerages, including Motilal Oswal, Jefferies and Nomura, have a “buy� call on SBI stock. JP Morgan and Bernstein have an “overweight� call on the counter.

State Bank of India reported a net profit of Rs 9,163 crore for the December quarter, 35 percent lower from Rs 14,205 crore in the year-ago period

Overall, the Nifty 50 will remain in a consolidation mode as long as it stays below 22,100 mark, experts said, adding the index is likely to take support at 21,500 level.

Stocks to watch: Check out the companies making headlines before the opening bell today, on February 5, 2024.

Stocks to watch: Check out the companies making headlines before the opening bell today, on February 5, 2024.

Bank Nifty is at important juncture and sustainability below 45,800 will put pressure on prices for a move to 45,500 or lower.