Author name: Lisl News Desk

News Desk

Sona BLW Shares Rally 10% on Strong Q2 Earnings and Acquisition Deal with Escorts Kubota

Sona BLW Shares Rally 10% on Strong Q2 Earnings and Acquisition Deal with Escorts Kubota

/ Indian Market /

Sona BLW Precision Forgings’ (Sona Comstar) stock surged by 10% to Rs 707 in early trading on October 24, following the announcement of robust Q2 results and a strategic acquisition agreement with Escorts Kubota. The auto components manufacturer reported a 16% year-on-year increase in consolidated profit after tax (PAT), reaching Rs 143.57 crore for the […]

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Adani Power to Mull Rs 5,000 Crore Fundraising via NCDs Next Week Amid Share Price Weakness

Adani Power to Mull Rs 5,000 Crore Fundraising via NCDs Next Week Amid Share Price Weakness

/ Indian Market /

Adani Power Ltd announced that its board will consider raising up to Rs 5,000 crore through the issuance of non-convertible debentures (NCDs) during its upcoming board meeting on October 28, 2024. The company disclosed in a late-evening stock exchange filing that the funds could be raised through public offerings or private placements, in one or

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Jyoti Structures Secures Rs 450 Crore Order from Adani Energy Solutions; Shares Surge 5%

Jyoti Structures Secures Rs 450 Crore Order from Adani Energy Solutions; Shares Surge 5%

/ Indian Market /

Shares of Jyoti Structures climbed 5% on October 23, following the announcement that the company had secured a Rs 450 crore order from Adani Energy Solutions. The contract involves the development of a 765 kV direct current (DC) Bhuj II-Lakadia transmission line at Navinal, Gujarat. The scope of work covers a range of activities, including

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Sonata Software Rises 5% After Securing Multi-Year AI Deal with Fortune 500 Firm

Sonata Software Rises 5% After Securing Multi-Year AI Deal with Fortune 500 Firm

/ Indian Market /

Sonata Software’s stock climbed 5% to Rs 613 on October 23 after the company announced a significant multi-year managed services contract with a Fortune 500 manufacturing giant. The deal focuses on leveraging AI-driven solutions to modernize the client’s global operations and support its digital transformation initiatives. Sonata will implement a scalable operational framework that combines

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KPIT Board Approves Rs 2,880 Crore QIP; Reports 8% Sequential Revenue Growth

KPIT Board Approves Rs 2,880 Crore QIP; Reports 8% Sequential Revenue Growth

/ Indian Market /

KPIT Technologies’ board approved a Rs 2,880 crore fundraising through a qualified institutions placement (QIP) on October 23, a strategic move to support future growth initiatives. Alongside the fundraising decision, KPIT reported its financial results for the quarter ended September 2024, with revenue rising 8% sequentially to Rs 1,471 crore, up from Rs 1,364 crore

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Amber Enterprises Shares Surge as India Set to Buy 1.30 Crore ACs This Year

Amber Enterprises Shares Surge as India Set to Buy 1.30 Crore ACs This Year

/ Indian Market /

Amber Enterprises’ shares soared 14% on October 23, driven by strong Q2 results and optimistic projections for India’s air conditioning market. The prolonged summer in 2024 has significantly boosted demand, resulting in a consolidated revenue growth of 82% year-on-year to Rs 1,684.70 crore and a net profit of Rs 20.96 crore. The company’s performance was

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Firstsource Solutions Rises 10% After Announcing Plan to Develop U.S. Mortgage Language Model

Firstsource Solutions Rises 10% After Announcing Plan to Develop U.S. Mortgage Language Model

/ Indian Market /

Shares of Firstsource Solutions surged 10% to Rs 344 on October 23 following the company’s announcement to develop a domain-specific large language model (LLM) tailored for the U.S. mortgage sector. The LLM will be part of its Firstsource relAI suite, designed to enhance the company’s mortgage services with AI-driven capabilities. By implementing advanced AI features

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RITES Shares Rise on Securing Rs 454-Crore Turnkey Contract in Karnataka

RITES Shares Rise on Securing Rs 454-Crore Turnkey Contract in Karnataka

/ Indian Market /

Shares of engineering firm RITES gained on October 23 following the announcement that its project management consultancy (PMC) contract with Karnataka Mining Environment Restoration Corporation (KMERC) has been converted into a turnkey contract. The Rs 453.99 crore contract (excluding GST) involves the construction of two railway private freight terminals (PFTs) at Dharmapura and Susheel Nagar

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Bajaj Finserv Q2 Profit Rises 8% on Strong Interest and Insurance Income

Bajaj Finserv Q2 Profit Rises 8% on Strong Interest and Insurance Income

/ Results /

Bajaj Finserv reported an 8% year-on-year increase in Q2 FY25 net profit, reaching Rs 2,087 crore, driven by higher interest income and insurance premiums. Total revenue surged 29% to Rs 33,704 crore, but profit growth was restrained by rising finance costs and claims expenses. The company’s results were bolstered by a significant net gain of

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Paytm Gets NPCI Nod to Onboard New UPI Users After RBI Curbs Lifted

Paytm Gets NPCI Nod to Onboard New UPI Users After RBI Curbs Lifted

/ Indian Market /

Paytm’s parent company, One97 Communications Ltd, announced on October 22 that the National Payments Corporation of India (NPCI) has approved its request to onboard new UPI users. The approval comes with the condition that Paytm complies with NPCI’s risk management guidelines, app branding norms, multi-bank requirements, and data privacy policies. That was after Paytm faced

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