Gujarat Budget 2023-24 Highlights: FM Kanubhai Desai Announces Sops For Middle Class, Gives Thurst To Infra

Stock Market Live Updates: Brokerage Anand Rathi Manitains Buy Rating on MapMyIndia 

"MapMyIndia’s 9M FY23 revenue grew 45.7% y/y (org. 23.4%) to Rs2.1bn. Its A&M business (bringing 53.8% to revenue) grew 51.1% y/y, and its C&E business (46.2%) grew 40.1% y/y. The 9M EBITDA margin was flat y/y at 42.2%, chiefly due to higher marketing expenses and high growth in the IoT business. This initially compresses margins as device hardware has lower margins, but then (12 months down) generates high margin SaaS revenue. Factoring in all this, we cut our FY23e/FY24e EBITDA 4.4%/7.4% and introduce FY25e. We retain our Buy rating on the stock with a lower TP of Rs1,500 (45x FY25 earnings). Given MMI’s clear advantages in the context of India, which are not easily replicable and huge barriers to the maps-and-navigation business, we believe its premium valuations should endure," said Anand Rathi 

Live Updates Gujarat 2023 Budget Live: Taxes remain unchanged

FM Kanu Desai has not announced any increase or reduction in existing taxes

Gujarat 2023 Budget Live: Funds for Airports development

Rs 215 crore announced for developing airports and airstrips, said FM Kanu Desai

Gujarat 2023 Budget Live: Funds for Metro Phase-II

Ahmedabad Metro Phase-II to get Rs 18,000 crore, said FM Kanu Desai

Live Updates: Gujarat Budget 2023-24 on buying irrigation equipment

FM Kanu Desai has announced that farmers will get Rs 1,500 crore allocation for purchase micro irrigation equipment

Live Updates Gujarat 2023 Budget Live: VAT on PNG, CNG Reduced

FM Kanu Desai has announced reduction of VAT on on PNG and CNG by 10 percent. PNG, CNG VAT has been reduced from 15 percent to 5 percent

Live Updates: Gujarat Budget 2023-24 on EV ecosystem

FM Kanu Desai makes announcement for purchase of 50 more electric busses at fund allocation of Rs 24 crore. He also announced Rs 217 cr for boosting EV ecosystem

Live Updates of FM Kanu Desai’s Gujarat Budget 2023-24: Rs 500 crore For free refilling of LPG Cylinders twice a year

FM Kanu Desai’s big announcement on LPG Cylinder refilling. He announced Rs 500 crore for free refilling of LPG Cylinders two times a year

Live Updates of FM Kanu Desai’s Gujarat Budget 2023-24: Rs 500 crore For free refilling of LPG Cylinders twice a year

FM Kanu Desai’s big announcement on LPG Cylinder refilling. He announced Rs 500 crore for free refilling of LPG Cylinders two times a year

Gujarat Budget 2023-24 Live: Rs 76 crore for GIFT city

FM Kanu Desai allocated Rs 150 crore for setting up riverfront along GIFT City

Gujarat Budget 2023-24 Live: Rs 160 crore for Ahmedabad-Mehsana Palanpur road

FM Kanu Desai allocated Rs 160 crore for Ahmedabad-Mehsana Palanpur road. The road will be made six-lane he said

Gujarat Budget 2023-24 Live Updates: Rs 64 crore for education sector

FM Kanu Desai allocated Rs 64 crore for education sector. 400 Gyan Setu Schools to be set up in Gujarat he announced

Gujarat Budget 2023-24 Live: Rs 15,182 crore outlay for healthcare sector

FM Kanu Desai said that five new nursing colleges would come up in Gujarat

LIVE Updates | Gujarat Budget 2023-24: Rs 568 crore for Sports

FM Kanu Desai has announced Rs 568 crore outlay for Sports initiatives in the state

LIVE Updates | Gujarat Budget 2023-24: Rs 2 lakh crore outlay for Green Growth initiatives

FM Kanu Desai has announced Rs 2 lakh crore outlay for Green Growth initiatives

LIVE Updates | Gujarat Budget 2023-24: FM Kanu Desai Announces Rs 3.01 Lakh Crore Budget Outlay

FM Kanu Desai has announced Rs 3,01,022 crore State budget. Rs 2165 crore announced for provision for food supply department

Provision of Rs 9,705 crores for water resources division

LIVE Updates | Gujarat Budget 2023-24: Rs 6000 cr For Water Supply

FM Kanu Desai announced Rs 6000 crore for water supply

LIVE Updates | Gujarat Budget 2023-24: FM Kanu Desai Allocates Rs 8000 cr for Tourism Development

FM Kanu Desai announced Rs 8000 cror for the development of tourism in the country. Works on new airport in Rajkot is in final stage

LIVE Updates | Gujarat Budget 2023-24: Challenges before FM

Issues like inflation, unemployment, and the release of recruitment exam question papers to remain in focus

LIVE Updates | Gujarat Budget 2023-24: Announcements on Health

It is expected that Kanubhai Desai might make some important announcements related to health services in his Budget proposal

LIVE Updates | Gujarat Budget 2023-24: Reduction in Stamp Duty

It is expected that the CM Bhupendra Patel-led Gujarat government might announce reduction in the stamp duty in the budget

LIVE Updates | Gujarat Budget 2023-24: Govt May Reform Some Laws

The administration wants to pass laws that would outlaw the use of unfair exam-taking strategies and the smuggling of human beings, as well as mandate Gujarati instruction in all first through eighth-grade classrooms.

LIVE Updates | Gujarat Budget 2023-24: Bills Likely to be Introduced

A plan to implement a three-tier kindergarten programme and a bill to lower stamp duty and registration fees on property registrations are both anticipated to be filed in the assembly.

LIVE Updates | Gujarat Budget 2023-24: Opposition Parties Geared up to Corner BJP Govt

The Bharatiya Janata Party (BJP) government will be pressed on important topics like inflation, unemployment, and the release of recruitment exam question papers by opposition parties.

LIVE Updates | Gujarat Budget 2023-24: BAC Addressed Assembly's comprehensive programme

In a meeting on Wednesday, the Business Advisory Committee (BAC) addressed the Assembly's comprehensive programme for the more than three-week-long session, according to an official statement