Author name: Lisl News Desk

News Desk

Reliance Power Hits 5% Upper Circuit as SECI Withdraws Debarment Notice

Reliance Power Hits 5% Upper Circuit as SECI Withdraws Debarment Notice

/ Indian Market /

Shares of Reliance Power surged 5% to ₹41.09 on December 4 after the Solar Energy Corporation of India (SECI) withdrew its debarment notice against the company. This development reinstates Reliance Power and its subsidiaries—except Reliance NU BESS (formerly Maharashtra Energy Generation)—as eligible participants in SECI’s renewable energy tenders. Key Developments The debarment notice, issued on […]

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RVNL Shares in Focus After ₹186.76 Crore Project Win from East Central Railway

RVNL Shares in Focus After ₹186.76 Crore Project Win from East Central Railway

/ Indian Market /

Rail Vikas Nigam Limited’s shares are likely to be in focus on December 4, after the company received an order worth ₹186.76 crore from East Central Railway. The project involves the design, supply, erection, testing, and commissioning of traction substations along with associated switching posts. These works will upgrade the electric traction system from 1X25

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Swiggy Q2 Results: Revenue Rises 30% to ₹3,602 Crore, Losses Narrow to ₹626 Crore

Swiggy Q2 Results: Revenue Rises 30% to ₹3,602 Crore, Losses Narrow to ₹626 Crore

/ Indian Market /

Swiggy, the popular food tech and grocery delivery platform, reported a strong 30% growth in revenue for the July-September quarter (Q2FY25), reaching ₹3,601.5 crore. This is up from ₹2,763.3 crore recorded in the same period last year. The company also managed to narrow its losses to ₹626 crore, a 5% reduction compared to ₹657 crore

Swiggy Q2 Results: Revenue Rises 30% to ₹3,602 Crore, Losses Narrow to ₹626 Crore Read More »

Zen Technologies Shares Fall Over 7% After Rs 386 Crore Block Deal

Zen Technologies Shares Fall Over 7% After Rs 386 Crore Block Deal

/ Indian Market /

Shares of Zen Technologies dropped over 7% in early trading on December 3, following a block deal worth ₹386.1 crore. Approximately 21.4 lakh shares, equating to a 2.55% equity stake in the company, were traded at a price of ₹1,800 per share. This price represents a 5.9% discount to the previous session’s closing price. By

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C2C Advanced Systems Shares Debut at 90% Premium on NSE SME Platform

C2C Advanced Systems Shares Debut at 90% Premium on NSE SME Platform

/ Indian Market /

C2C Advanced Systems shares made a remarkable debut on the NSE SME Emerge platform on December 3, listing at ₹429.40 per share, which is 90% higher than the IPO price of ₹226. The strong listing follows the postponement of its original date due to regulatory concerns. Shares were allotted to successful applicants on December 2.

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Torrent Power Plans to Raise ₹3,500 Crore Through QIP; Stock in Focus

Torrent Power Plans to Raise ₹3,500 Crore Through QIP; Stock in Focus

/ Indian Market /

Torrent Power has launched a Qualified Institutional Placement (QIP) on December 4, aiming to raise ₹3,500 crore by selling 4.6% of its equity stake. The issue price has been set at ₹1,503 per share, offering a 5.3% discount to its last closing price and a 3.4% discount to the floor price. The floor price for

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KPI Green Shares Rally on Rs 1,311 Crore Order from Coal India

KPI Green Shares Rally on Rs 1,311 Crore Order from Coal India

/ Indian Market /

KPI Green Energy shares are expected to be in the spotlight on December 3, 2024, following the announcement of its largest-ever order, valued at ₹1,311 crore, from Coal India. This project marks a significant milestone for the company in the renewable energy sector. The order involves the setup of a 300 MWAC (405 MWDC) ground-mounted

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Emerald Tyre SME IPO to Open on December 5; Price Band Set at ₹90-95 Per Share

Emerald Tyre SME IPO to Open on December 5; Price Band Set at ₹90-95 Per Share

/ IPO News /

Emerald Tyre Manufacturers, a Tamil Nadu-based SME, is gearing up to launch its ₹49-crore initial public offering (IPO) on December 5, 2024. The IPO, which will close on December 9, is the second from the SME segment hitting Dalal Street this month. The price band for the offer has been set at ₹90-95 per share.

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Biocon Shares Rise 4% as US FDA Approves Biosimilar Yesintek

Biocon Shares Rise 4% as US FDA Approves Biosimilar Yesintek

/ Indian Market /

Shares of Biocon jumped over 4% in intraday trade on December 2 after the US FDA approved Biocon Biologics’ Yesintek, a biosimilar to Johnson & Johnson’s Stelara. At 12:10 PM, shares of Biocon were trading 3% higher at ₹375. For the stock, it was the seventh straight session of gains. The stock has gained 47%

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