Stay with Gati Corporation, says Gujral (Moneycontrol.com 31st DEc 2007)Technical Analyst, Ashwani Gujral is of the view that one can continue to hold Gati Corporation with a stoploss at breakeven and anytime he/she sees this move petering out probably book some profits.Gujral told CNBC-TV18, "The entire logistic space seems to be getting some movement back. Gati Corporation consolidated for a longtime, broke out above Rs 140. The theoretical target was around Rs 190 but one can continue to hold on with a stoploss at breakeven and anytime one sees this move petering out probably book some profits. More
Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.
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