Author name: Lisl News Desk

News Desk

Biocon Shares Rise 5% After USFDA Clears Bengaluru Facility with Favorable Rating

Biocon Shares Rise 5% After USFDA Clears Bengaluru Facility with Favorable Rating

/ Indian Market

Shares of Biocon rose by 5 percent on November 11 after the US Food and Drug Administration (FDA) granted its Bengaluru biologics unit a “Voluntary Action Indicated” (VAI) status. This designation is generally positive, indicating minor issues found during the inspection but no need for regulatory or enforcement action, allowing Biocon to continue operations smoothly. […]

Biocon Shares Rise 5% After USFDA Clears Bengaluru Facility with Favorable Rating Read More »

Asian Paints Shares Drop 9% After Weak Q2FY25 Results Amid Demand Challenges

Asian Paints Shares Drop 9% After Weak Q2FY25 Results Amid Demand Challenges

/ Indian Market

Asian Paints’ stock fell sharply, dropping over 9 percent on November 11, following a disappointing Q2FY25 performance marked by low demand and increasing competition. At 9:20 AM, shares traded 7 percent lower at Rs 2,565. Year-to-date, the stock has underperformed with a 25 percent decline, compared to the Nifty 50’s 10 percent gain in the

Asian Paints Shares Drop 9% After Weak Q2FY25 Results Amid Demand Challenges Read More »

DCX Systems Stock in Spotlight After Rs 460.3 Crore Export Order from Lockheed Martin

DCX Systems Stock in Spotlight After Rs 460.3 Crore Export Order from Lockheed Martin

/ Indian Market

DCX Systems’ share price is expected to be in focus on November 11 after the company secured a substantial export order from Lockheed Martin Global Inc., USA, valued at approximately Rs 460.3 crore (USD 54.8 million). The purchase order mandates DCX Systems to supply electronic assemblies, with a delivery timeline set within the next 12

DCX Systems Stock in Spotlight After Rs 460.3 Crore Export Order from Lockheed Martin Read More »

ITI Shares Surge as Company Becomes Lowest Bidder for Rs 4,559 Crore BharatNet Project

ITI Shares Surge as Company Becomes Lowest Bidder for Rs 4,559 Crore BharatNet Project

/ Indian Market

ITI Ltd.’s shares are set to stay in focus on November 11 after the company, along with its consortium partner, emerged as the lowest (L1) bidder for three major packages in the BharatNet Phase-3 Project, with a combined project value of Rs 4,559 crore. The company has been selected as the L1 bidder for Package

ITI Shares Surge as Company Becomes Lowest Bidder for Rs 4,559 Crore BharatNet Project Read More »

Tata Steel Reports Rs 759 Crore Profit in Q2, Recovers from Last Year's Loss

Tata Steel Reports Rs 759 Crore Profit in Q2, Recovers from Last Year’s Loss

/ Results

Tata Steel Ltd posted a consolidated net profit of Rs 759 crore for Q2 FY25, marking a strong return to profitability after a net loss of Rs 6,511 crore in the same quarter last year. However, despite the improved bottom line, Tata Steel’s revenue dipped by 3% year-on-year to Rs 53,905 crore, affected by challenges

Tata Steel Reports Rs 759 Crore Profit in Q2, Recovers from Last Year’s Loss Read More »

Apollo Hospitals Q2 Net Profit Jumps 59% to Rs 396 Crore; Revenue Climbs 13%

Apollo Hospitals Q2 Net Profit Jumps 59% to Rs 396 Crore; Revenue Climbs 13%

/ Results

Apollo Hospitals reported a strong 59% year-on-year rise in net profit for the July-September quarter, reaching Rs 395.70 crore, driven by higher demand for healthcare services. This is up from Rs 248.80 crore in the same quarter last year. Revenue also grew by 13% to Rs 5,589.3 crore compared to Rs 4,846.9 crore in the

Apollo Hospitals Q2 Net Profit Jumps 59% to Rs 396 Crore; Revenue Climbs 13% Read More »

Sai Life Sciences, Rubicon Research, Metalman Auto, and Sanathan Textiles Get SEBI Nod for IPOs

Sai Life Sciences, Rubicon Research, Metalman Auto, and Sanathan Textiles Get SEBI Nod for IPOs

/ IPO News

Sai Life Sciences, Rubicon Research, Metalman Auto, and Sanathan Textiles have received approvals from the Securities and Exchange Board of India (SEBI) to move forward with their initial public offerings (IPOs). With SEBI’s observation letters dated October 31, these companies have the green light to launch IPOs within a year. Notably, BMW Ventures withdrew its

Sai Life Sciences, Rubicon Research, Metalman Auto, and Sanathan Textiles Get SEBI Nod for IPOs Read More »

RITES Shares Rise 2% After Winning Rs 36 Crore Contract from Delhi Metro Rail Corporation

RITES Shares Rise 2% After Winning Rs 36 Crore Contract from Delhi Metro Rail Corporation

/ Indian Market

Shares of RITES Ltd climbed by around 2% on November 6 after the state-owned engineering consultancy firm announced a new contract from Delhi Metro Rail Corporation (DMRC) valued at Rs 36.36 crore (excluding GST). This order is for retrofit work on RS-1 trains, aimed at upgrading and enhancing train performance and lifespan. The work is

RITES Shares Rise 2% After Winning Rs 36 Crore Contract from Delhi Metro Rail Corporation Read More »

Triveni Engineering Stock Falls 5% After Posting Q2 Loss Due to Weak Sugar, Alcohol Margins

Triveni Engineering Stock Falls 5% After Posting Q2 Loss Due to Weak Sugar, Alcohol Margins

/ Indian Market

Shares of Triveni Engineering and Industries dropped 5% on November 6 after the company posted disappointing results for the July-September quarter. The company reported a consolidated net loss of Rs 22.4 crore, a stark contrast to its net profit of Rs 29.1 crore in the same period last year, primarily due to weaker profitability in

Triveni Engineering Stock Falls 5% After Posting Q2 Loss Due to Weak Sugar, Alcohol Margins Read More »

Sagility India IPO Achieves 40% Subscription on Day 2, Driven by Retail Investor Interest

Sagility India IPO Achieves 40% Subscription on Day 2, Driven by Retail Investor Interest

/ Indian Market

The Sagility India IPO, a healthcare technology-enabled services provider, has garnered 40% subscription by its second day of bidding, November 6. The offering received close to 14 crore bids against the 38.7 crore shares available, as per NSE data. Retail individual investors (RIIs) led the demand, with their portion nearly twice subscribed. Non-institutional investors (NIIs)

Sagility India IPO Achieves 40% Subscription on Day 2, Driven by Retail Investor Interest Read More »

Scroll to Top