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Shares of Power Mech Projects gained 3.3 percent intraday as company received letter of intent/work orders worth Rs 500 crore.
The trading window for all designated persons as under Power Mech - Insider Trading Policy will be closed from June 20, 2018 to June 21, 2018 (both day inclusive).Tejas Networks rose 3 percent intraday as brokerages maintained buy rating on the stock with a target of up to Rs 430 per share.
Nomura has maintained buy rating on Tejas Networks with a price target of Rs 410 per share.
The company upbeat on converged offerings and growth prospects in the US and expects to recoup revenue loss in the US in the previous financial year.
Management maintains revenue growth guidance to compound at 20 percent over the fiscal 2017-2020, it added.
Citi has maintained buy rating on the stock with a price target of Rs 430. The research house expects topline growth to revive in the current financial year.
The heavy investment in R&D has helped create competitive advantage and three macro trends in India would drive demand, it said.
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