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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 »

Ashok Leyland Q2 Profit Climbs 37% to Rs 770 Crore, Declares Rs 2 Interim Dividend

/ Results /

Ashok Leyland Ltd reported a robust 37% increase in net profit, reaching Rs 770 crore for the quarter ending September 30, 2024, up from Rs 561 crore a year earlier. Revenue from operations, however, dipped 9% to Rs 8,769 crore, compared to Rs 9,638 crore in the same quarter last year. The company’s shares were

Ashok Leyland Q2 Profit Climbs 37% to Rs 770 Crore, Declares Rs 2 Interim Dividend Read More »

India Cements’ Q2 Loss Deepens to Rs 240 Crore Amid Revenue Dip, Shares Slip

/ Results /

India Cements reported a widened standalone net loss of Rs 240 crore for the September quarter, a significant increase from the Rs 81.39 crore loss in the same period last year. Quarterly revenue also declined 17% year-over-year to Rs 1,017 crore, contributing to a 1% drop in the company’s stock price as investors reacted to

India Cements’ Q2 Loss Deepens to Rs 240 Crore Amid Revenue Dip, Shares Slip Read More »

Emcure Pharma Shares Jump 6% on Strong Q2 Earnings Performance

Emcure Pharma Shares Jump 6% on Strong Q2 Earnings Performance

/ Results /

Shares of Emcure Pharmaceuticals surged by nearly 6% on November 8, nearing the company’s record high of Rs 1,580, as investors responded positively to its robust earnings report for the July-September quarter. At around 09:25 am, the stock was trading at Rs 1,492 on the NSE, just below the opening high of Rs 1,525. Emcure

Emcure Pharma Shares Jump 6% on Strong Q2 Earnings Performance Read More »

Mahanagar Gas Partners with International Battery Company to Enter Battery Manufacturing; Plans Bengaluru Giga Factory

/ Indian Market /

Mahanagar Gas Ltd. (MGL), a prominent city gas distribution company, announced on November 7 its strategic entry into battery cell manufacturing through a new joint venture with the U.S.-based International Battery Company (IBC). The collaboration marks MGL’s foray into the energy storage sector and aligns with India’s growing demand for advanced battery solutions in mobility

Mahanagar Gas Partners with International Battery Company to Enter Battery Manufacturing; Plans Bengaluru Giga Factory Read More »

Shakti Pumps Shares Hit 5% Upper Circuit on Securing Rs 116 Crore Solar Pump Order from Haryana Government

/ Indian Market /

Shares of Shakti Pumps surged to a 5% upper circuit, closing at Rs 4,822.55, following the announcement of a significant order valued at Rs 116.4 crore under the central government’s PM-KUSUM scheme. This contract, awarded by the Haryana Renewable Energy Department (HAREDA), entails supplying, installing, and commissioning 3,174 solar water pumping systems across Haryana. The

Shakti Pumps Shares Hit 5% Upper Circuit on Securing Rs 116 Crore Solar Pump Order from Haryana Government Read More »

Mahindra & Mahindra’s Q2 Profit Surges 35% to Rs 3,171 Crore, Driven by Record SUV Sales and Strong Services Growth

/ Results /

Mahindra & Mahindra Ltd. (M&M) posted a 35% increase in consolidated net profit to Rs 3,171 crore for Q2 FY25, benefiting from strong performance in its automotive and services sectors and a boost in SUV sales. According to its filing on the stock exchange, the company’s consolidated income from operations rose 10% to Rs 37,924

Mahindra & Mahindra’s Q2 Profit Surges 35% to Rs 3,171 Crore, Driven by Record SUV Sales and Strong Services Growth Read More »

Hindalco

Hindalco Shares Slide Over 6% After Novelis’ Q2 Profit Decline and Withdrawn Margin Forecast

/ Indian Market /

Hindalco Industries experienced a significant drop in its share price, falling over six percent during early trading, following a report from its U.S.-based subsidiary, Novelis Inc., revealing a decline in quarterly earnings. Novelis posted an 18% year-on-year decrease in net income, amounting to $128 million for Q2 of FY 2024-25. The decline stemmed from a

Hindalco Shares Slide Over 6% After Novelis’ Q2 Profit Decline and Withdrawn Margin Forecast 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 »

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