Shares of NBCC Ltd jumped 7 percent on August 9 after the company announced it had received a substantial order worth Rs 15,000 crore from the Srinagar Development Authority (SDA). The project involves the development of a Satellite Township spread over 406 acres at Rakh-e-Gund Akshah in Bemina, Srinagar, Jammu & Kashmir. According to the […]
The shares of Ola Electric Mobility Ltd. made their stock market debut on the National Stock Exchange on August 9 with a listing price of Rs. 76, and so does the issue price of the IPO. The listing follows the grey market trading very tightly at Rs. 73, where the security was already being valued
Ola Electric Mobility Listed on NSE at Rs 76 Per Share Read More »
Cochin Shipyard Ltd. (CSL) reported a strong 77% increase in net profit for the first quarter of FY25, reaching Rs 174.2 crore, up from Rs 98.6 crore in the same period last year. However, this figure represents a 33% decline from the Rs 258.8 crore profit recorded in the March quarter. The company’s revenue from
Cochin Shipyard Q1FY25 Results: Net Profit Surges 77% to Rs 174 Crore Read More »
Rail Vikas Nigam Limited (RVNL) witnessed a significant decline in its share price, dropping nearly 6% on August 8, after the company reported a sharp 35% decrease in its net profit for the first quarter of FY25. By 14:25 pm on the NSE, RVNL’s stock had partially recovered but was still down 3.71%, trading at
RVNL Shares Drop 4% Following a 35% Decline in Q1FY25 Net Profit Read More »
Bharat Forge has received board approval to raise up to Rs 2,000 crore through the issuance of shares and debt, as the company reports mixed results for the first quarter of FY25. In Q1, Bharat Forge experienced a 13.5% decline in net profit, dropping to Rs 269.4 crore from Rs 312 crore in the same
Bharat Forge Board Approves Rs 2,000 Crore Fundraising Amid Mixed Q1 Results Read More »
During the latest Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das announced that the Reserve Bank of India (RBI) will maintain the repo rate at 6.5%. This decision continues a trend seen over the last eight reviews since February 2023, indicating a cautious approach in light of rising inflation, particularly within the volatile food
RBI Keeps Repo Rate Unchanged at 6.5% Amid Inflation Concerns Read More »
On August 8, shares worth ₹236 crore of Protean eGov Tech were sold in a block deal, with Standard Chartered Bank likely being the seller. Approximately 12 lakh shares, representing a 3.2 percent stake in the IT solutions provider, changed hands at a floor price of ₹1,805 per share, which is a 3 percent discount
Standard Chartered Likely Exits Protean eGov Tech with ₹236 Crore Block Deal Read More »
The National Stock Exchange (NSE) reported a significant 39% increase in its consolidated net profit for the first quarter of FY25, reaching Rs 2,567 crore. This robust performance resulted in net margins of 52% for the quarter. NSE’s consolidated revenue from operations also saw a notable rise, climbing 51% year-on-year to Rs 4,510 crore. Do you
NSE’s Q1FY25 Net Profit Surges 39% to Rs 2,567 Crore Read More »
Godrej Consumer Products Limited has announced massive growth in its consolidated net profit at 41% to Rs 450.69 crore for the first quarter of the fiscal year; it was at Rs 319 crore in the same quarter a year ago. Even as profit went up, revenue from operations dropped by 3.4% to Rs 3,331.58 crore
Pidilite Industries posted good bottom-line results for the first quarter of FY 2025. Consolidated net profit jumped by 21 percent to Rs 571 crore from Rs 474 crore in the same period last year. Its net sales rose by 4 percent to Rs 3,384 crore from Rs 3,275 crore in the same period last year.
