Author name: Lisl News Desk

News Desk

HAL Q2 Net Profit Surges 22% to Rs 1,510 Crore, Stock Gains Over 2%

HAL Q2 Net Profit Surges 22% to Rs 1,510 Crore, Stock Gains Over 2%

Hindustan Aeronautics Ltd (HAL) reported a strong Q2 performance, with consolidated net profit rising 22.14% year-on-year to Rs 1,510.49 crore for the quarter ending September 2024. This compares to a net profit of Rs 1,236.67 crore in the same period last year. HAL’s total revenue increased by 6% to Rs 5,976.3 crore, up from Rs […]

HAL Q2 Net Profit Surges 22% to Rs 1,510 Crore, Stock Gains Over 2% Read More »

Agro Tech Foods to Acquire Del Monte Foods in Rs 1,300 Crore Deal

Agro Tech Foods to Acquire Del Monte Foods in Rs 1,300 Crore Deal

Agro Tech Foods, supported by private equity firm Samara Capital, is set to acquire Del Monte Foods Pvt Ltd—a joint venture between Bharti Enterprises and Del Monte Pacific—in a transaction valuing the company at over Rs 1,300 crore. This acquisition will be structured as a preferential share allotment, enabling Agro Tech to issue 1.33 crore

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NALCO Shares Climb as Net Profit Jumps Five-Fold in Q2

NALCO Shares Climb as Net Profit Jumps Five-Fold in Q2

Shares of National Aluminium Company (NALCO) rose in early trade on November 14, following the company’s impressive quarterly earnings report. The state-owned metals giant posted a massive five-fold increase in net profit for the quarter ending September, reaching Rs 1,062.2 crore—a 415.4% surge compared to Rs 206.3 crore in the same period last year. NALCO’s

NALCO Shares Climb as Net Profit Jumps Five-Fold in Q2 Read More »

Varun Beverages Stock Rises 5% Following Rs 7,500 Crore Fundraising Plan

Varun Beverages Stock Rises 5% Following Rs 7,500 Crore Fundraising Plan (QIP)

Shares of Varun Beverages surged 5% on November 14 after news of its plan to raise up to Rs 7,500 crore through a Qualified Institutional Placement (QIP). The company received board approval for this fundraising back in October, and the base deal size is set at Rs 5,500 crore, with an option to increase by

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Kalpataru Projects Shares Decline 4% Despite Securing Rs 2,273 Crore in New Projects

Kalpataru Projects Shares Decline 4% Despite Securing Rs 2,273 Crore in New Projects

Shares of Kalpataru Projects International fell nearly 4% on November 13, even after the company announced securing new projects worth Rs 2,273 crore. These new contracts span the transmission and distribution (T&D) sector and residential building projects in India, bringing the company’s total order inflow this year to Rs 14,100 crore. Recent Project Wins and

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Patel Engineering Shares Rise 6% on Strong Q2 Results and Debt Reduction

Patel Engineering Shares Rise 6% on Strong Q2 Results and Debt Reduction

Shares of Patel Engineering gained over 6% on November 13 following impressive Q2FY25 results and a notable reduction in debt. The company reported a consolidated net profit of Rs 80 crore, showing a significant 151% year-on-year growth. Revenue for Q2FY25 rose by 15% to Rs 1,174.3 crore. Key Q2FY25 Highlights Patel Engineering’s stock traded around

Patel Engineering Shares Rise 6% on Strong Q2 Results and Debt Reduction Read More »

NTPC Green Energy Sets IPO Price Band at Rs 102-108, Eyes $1.2 Billion Fundraising

NTPC Green Energy Sets IPO Price Band at Rs 102-108, Eyes $1.2 Billion Fundraising

NTPC Green Energy, a subsidiary of NTPC, has set its IPO price range between Rs 102 and Rs 108 per share, aiming to raise approximately 100 billion rupees ($1.2 billion). This IPO is set to open for public bids from November 19 to November 22, with anchor investors bidding on November 18. Highlights of NTPC

NTPC Green Energy Sets IPO Price Band at Rs 102-108, Eyes $1.2 Billion Fundraising Read More »

PNC Infratech Shares Drop 7% to 52-Week Low on Weak Q2 Earnings

PNC Infratech Shares Drop 7% to 52-Week Low on Weak Q2 Earnings

Shares of PNC Infratech fell sharply by 7% on November 13, reaching a 52-week low, following a disappointing Q2FY25 earnings report and recent challenges with government contracts. Q2 Financial Performance Company Background and Recent Challenges PNC Infratech, which handled major chunks of infrastructure involving highways, bridges, and water systems, encountered a severe set back when

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