Shares of Wipro rose by 3% on October 14, as investors showed strong interest ahead of the company’s board meeting scheduled for October 17. The board will discuss a potential bonus share issuance, marking what could be Wipro’s fourth such bonus action, following similar moves in 2019, 2017, and 2010. In its last bonus issue, […]
Wipro Shares Climb 3% Ahead of Board Meeting on Bonus Issue and Q2 Results Read More »
Transformers and Rectifiers India shares surged to the 5% upper circuit on October 16 following a significant Rs 211 crore block deal on the exchanges. Approximately 27 lakh shares changed hands at a floor price of Rs 780 per share, representing a 2.6% discount from the previous closing price. The buyers and sellers involved in
Transformers and Rectifiers India Shares Hit Upper Circuit After Rs 211 Crore Block Deal Read More »
Gensol Engineering’s stock jumped over 3% on Monday after the company secured a Rs 186 crore contract for a 23 MWp rooftop solar project in Dubai. The renewable energy firm won the order from a sustainable development company in the UAE, tasked with designing, constructing, and maintaining rooftop solar photovoltaic (PV) systems for a major
Gensol Engineering Shares Surge Over 3% on Securing Rs 186 Crore Solar Contract in Duba Read More »
Shares of Hindustan Aeronautics Ltd. (HAL) rose by 1.9% to trade at Rs 4,519.95 on October 14 after the state-owned defense company was upgraded to ‘Maharatna’ status by the Department of Public Enterprises. HAL becomes the 14th public sector undertaking (PSU) to receive this prestigious status, which grants greater operational autonomy and financial power. With
Oil prices fell more than $1 per barrel in early trading on Monday, with Brent crude futures down 1.59% to $77.78 and U.S. West Texas Intermediate crude futures slipping 1.59% to $74.36. The decline came as disappointing inflation data from China fueled demand concerns, while the lack of clarity on Beijing’s economic stimulus plans added
Oil Prices Drop Over $1 Amid China’s Deflation Concerns and Uncertain Stimulus Plans Read More »
Hindustan Aeronautics Limited (HAL) has officially been upgraded to Maharatna Central Public Sector Enterprise (CPSE) status. The Department of Public Enterprises announced this milestone on October 12, following the approval from Finance Minister Nirmala Sitharaman. This marks a significant achievement for HAL as it becomes the 14th PSU to attain this prestigious status. The proposal
HAL Elevated to ‘Maharatna’ Status, Joining the Elite Group of PSUs Read More »
Shares of Just Dial Ltd climbed over 3 percent on October 11 after the company posted a 9 percent increase in net profit for the second quarter of FY25. The stock traded at ₹1,308.95 on the NSE at 3:06 PM. Just Dial reported a net profit of ₹154.07 crore for Q2, a 9.09 percent rise
Just Dial Stock Rises Over 3% Following 9% Increase in Q2 Net Profit Read More »
Shares of Sudarshan Chemical Industries soared 20 percent on October 11, hitting the upper circuit, after the company announced that its unit had acquired Heubach’s global pigment business for ₹1,180 crore. The stock reached a fresh 52-week high of ₹1,217.50 per share on the NSE following the news. Heubach, a key player in the specialty
Chennai Petroleum Corporation is in discussions with banks to secure a ₹28,000 crore ($3.3 billion) loan for constructing a large-scale oil refinery in southern India, according to sources familiar with the matter. The loan, which would be the second-largest local-currency financing in India this year, is expected to be led by the State Bank of
Chennai Petroleum Seeks $3.3 Billion Loan for Major Refinery Project Read More »
Shares of Indian Renewable Energy Development Agency (IREDA) rose on October 11 following the release of its strong second-quarter earnings report. The company’s net profit jumped 36 percent year-on-year (YoY) to ₹387.75 crore, driven by higher revenues, reinforcing investor confidence. Total income from operations surged 38 percent YoY to ₹1,630.38 crore, while the company’s net
IREDA Shares Climb After Strong Q2 Earnings; Stock Up 125% YTD Read More »
