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RITES Stock Gains 3% Following MoU with SAIL-Bokaro for Railway Infrastructure Development

RITES Stock Gains 3% Following MoU with SAIL-Bokaro for Railway Infrastructure Development

/ Indian Market

Shares of RITES rose over 3% on October 30 after the infrastructure consultancy signed an MoU with SAIL-Bokaro Steel Plant to oversee railway connectivity projects within the Jharkhand-based steel plant. The partnership includes comprehensive project management consultancy for both new and existing railway tracks. RITES will handle surveying, engineering, project supervision, and quality control. Further, […]

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Suzlon Energy Shares Rise as Q2 Profit Soars 96% on Record Orders

Suzlon Energy Shares Rise as Q2 Profit Soars 96% on Record Orders

/ Results

Shares of Suzlon Energy rose on October 29 after the company reported a significant Q2 profit jump. The wind turbine manufacturer saw a 96% increase in net profit, reaching Rs 201 crore for the quarter ending September 30, 2024, driven by record-breaking order inflow and strong revenue growth. Revenue climbed 48% year-on-year to Rs 2,093

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Servotech Power Systems’ Q2 Net Profit Jumps Three-Fold, Unveils New Solar Products

Servotech Power Systems’ Q2 Net Profit Jumps Three-Fold, Unveils New Solar Products

/ Indian Market

Servotech Power Systems reported impressive Q2 earnings, with consolidated net profit surging over three-fold to Rs 11.24 crore for the September quarter, up from Rs 3.12 crore in the same period last year. This growth was primarily fueled by a significant rise in income, which more than doubled to Rs 200.06 crore from Rs 86.59

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Ramco Industries Rises 6% Following Major Stake Realignment in Block Deals

Ramco Industries Rises 6% Following Major Stake Realignment in Block Deals

/ Indian Market

Shares of Ramco Industries surged over 6 percent to Rs 247 on October 29 after a significant transaction where 14.1 million shares, representing 16.2 percent of the company’s equity, exchanged hands in two large block deals, Bloomberg data reported. The trades come as part of a strategic disinvestment plan by Ramco Cements, a promoter of

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Swiggy Sets IPO Price at Rs 390, Plans to Launch $1.35 Billion Public Offering in Early November

Swiggy Sets IPO Price at Rs 390, Plans to Launch $1.35 Billion Public Offering in Early November

/ IPO News

Food delivery giant Swiggy, backed by big investors like Prosus and SoftBank, has set its initial public offering (IPO) price at Rs 390 at the top end of the range, according to a report by Bloomberg. The IPO is scheduled to open for public bidding from November 6 to 8, with the company aiming to

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NTPC Green Energy and Avanse Financial Services Get SEBI Approval for IPOs; VMS TMT Withdraws Plans

NTPC Green Energy and Avanse Financial Services Get SEBI Approval for IPOs; VMS TMT Withdraws Plans

/ Indian Market

NTPC Green Energy and Avanse Financial Services have received approval from SEBI for their upcoming IPOs, while VMS TMT has decided to withdraw its IPO plans. SEBI issued observation letters for NTPC Green on October 22 and Avanse Financial Services on October 23, allowing them to launch their IPOs within the next year. NTPC Green

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Praj Industries Shares Slide 5% Following Disappointing Q2 Earnings

Praj Industries Shares Slide 5% Following Disappointing Q2 Earnings

/ Results

Shares of Praj Industries fell nearly 5% on October 28 after the company reported disappointing Q2 results. Net profit for the September quarter declined 14% year-on-year to Rs 53.83 crore, down from Rs 62.37 crore in the same period last fiscal. Revenue also dropped by around 7.5%, reaching Rs 816.19 crore compared to Rs 882.33

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Ambuja Cements' Q2 Profit Drops 42% to Rs 456 Crore Due to Weak Prices and Demand

Ambuja Cements’ Q2 Profit Drops 42% to Rs 456 Crore Due to Weak Prices and Demand

/ Results

Ambuja Cements, part of the Adani Group, reported a 42% year-on-year decline in consolidated net profit for Q2 FY25, reaching Rs 456 crore as weak cement prices and sluggish demand weighed on earnings. Although revenue rose slightly by over 1% to Rs 7,516 crore, the company’s profit missed analysts’ expectations. Operating costs saw a 4%

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