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 […]
Agro Tech Foods to Acquire Del Monte Foods in Rs 1,300 Crore Deal Read More »
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 »
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
Varun Beverages Stock Rises 5% Following Rs 7,500 Crore Fundraising Plan (QIP) Read More »
Niva Bupa Health Insurance Company Ltd. made a strong debut on November 14, with its shares listing at a 6% premium. The stock opened at Rs 78.14 on the NSE, marking a 5.59% gain from its IPO price of Rs 74. On the BSE, it debuted at Rs 78.50, offering a 6.08% premium to investors.
Niva Bupa Shares Debut at 6% Premium Over IPO Price on NSE and BSE Read More »
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
Kalpataru Projects Shares Decline 4% Despite Securing Rs 2,273 Crore in New Projects Read More »
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, 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 »
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
PNC Infratech Shares Drop 7% to 52-Week Low on Weak Q2 Earnings Read More »
Shares of Cello World slipped nearly 6% on November 13 after the company reported flat earnings for Q2FY25, amid weaker export demand. By 10:55 AM, the stock was trading 4% lower at Rs 811. Cello World’s stock has risen just over 2% this year, lagging behind the Nifty 50 index, which is up 9%. Q2
Cello World Shares Fall 6% on Flat Q2 Earnings Report Read More »
Fairchem Organics shares dropped 11% on November 13 as the company reported disappointing Q2 earnings. The specialty chemicals firm saw a 61% year-on-year (YoY) drop in consolidated net profit to Rs 4.01 crore, while revenue fell 9% YoY to Rs 138 crore. EBITDA also decreased by 48% YoY to Rs 8.74 crore, with margins shrinking
Fairchem Organics Shares Drop 11% on Weak Q2 Results Read More »
