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News Desk

IRB Infra Shares Dip 4% as Q2 Revenue Suffers Due to Monsoon Impact

IRB Infra Shares Dip 4% as Q2 Revenue Suffers Due to Monsoon Impact

/ Indian Market /

Shares of IRB Infrastructure Developers Ltd dropped by up to 4% in early trade on October 31, following a tepid quarterly performance in the July-September period. The company’s revenue declined over 9% year-on-year, from Rs 174.5 crore in the previous fiscal quarter to Rs 158.6 crore, primarily due to prolonged monsoon disruptions affecting project timelines […]

IRB Infra Shares Dip 4% as Q2 Revenue Suffers Due to Monsoon Impact Read More »

Jupiter Wagons Stock Rises 5% as Subsidiary JEM Acquires Log9’s Rail and EV Battery Business

Jupiter Wagons Stock Rises 5% as Subsidiary JEM Acquires Log9’s Rail and EV Battery Business

/ Indian Market /

Shares of Jupiter Wagons Ltd rose over 5% on October 31 following the announcement that its subsidiary, Jupiter Electric Mobility (JEM), has acquired Log9’s Railway Battery and Electric Truck Battery divisions. This acquisition, encompassing Log9’s technology, production assets, and Devanahalli manufacturing facility, aims to bolster JEM’s presence in India’s electric mobility sector with advanced battery

Jupiter Wagons Stock Rises 5% as Subsidiary JEM Acquires Log9’s Rail and EV Battery Business Read More »

Indian IPO Fundraising Hits Record Rs 1.22 Lakh Crore in 2024 Amid Cooling Investor Sentiment

Indian IPO Fundraising Hits Record Rs 1.22 Lakh Crore in 2024 Amid Cooling Investor Sentiment

/ Indian Market /

Indian companies have set a new record in 2024, raising over Rs 1.22 lakh crore through initial public offerings (IPOs), surpassing the previous high of Rs 1.18 lakh crore set in 2021. Despite the milestone, enthusiasm in the primary market shows signs of cooling as several recent IPOs struggled to deliver expected gains. Around 70%

Indian IPO Fundraising Hits Record Rs 1.22 Lakh Crore in 2024 Amid Cooling Investor Sentiment Read More »

Gold Prices Surge to Record Rs 79,535/10 gm Amid Festive Season; Silver Opens at Rs 98,431/kg

Gold Prices Surge to Record Rs 79,535/10 gm Amid Festive Season; Silver Opens at Rs 98,431/kg

/ Indian Market /

Gold futures in India soared to a new record high of Rs 79,535 per 10 grams on Wednesday, climbing by Rs 300 or 0.38% as the festive season drives demand. Silver, meanwhile, opened at Rs 98,431 per kilogram, slightly down by 0.3% or Rs 300. The Multi Commodity Exchange (MCX) had previously recorded a high

Gold Prices Surge to Record Rs 79,535/10 gm Amid Festive Season; Silver Opens at Rs 98,431/kg Read More »

Shriram Properties Rises 7% on Rs 750 Crore Revenue Potential from New Pune Project

Shriram Properties Rises 7% on Rs 750 Crore Revenue Potential from New Pune Project

/ Indian Market /

Shares of Shriram Properties surged by 7% on October 30 after the company signed a joint development agreement (JDA) to create a mixed-use project in Pune, projecting potential revenue of around Rs 750 crore. By 09:56 am, the stock was trading at Rs 108.99 on the NSE, rebounding after a recent decline of nearly 15%

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Godavari Biorefineries Makes Weak Market Debut with 12.5% Discount on NSE Listing

Godavari Biorefineries Makes Weak Market Debut with 12.5% Discount on NSE Listing

/ IPO News /

Godavari Biorefineries began trading on October 30 with a lackluster debut, listing at Rs 308 per share on the National Stock Exchange (NSE). This marked a 12.5% discount from its issue price of Rs 352 per share, reflecting cautious investor sentiment despite strong subscription interest from Qualified Institutional Buyers (QIBs). The Rs 554.75 crore IPO

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BCL Industries Q2 Net Profit Soars 64% to Rs 21 Crore Amid Strong Revenue Growth

BCL Industries Q2 Net Profit Soars 64% to Rs 21 Crore Amid Strong Revenue Growth

/ Results /

BCL Industries, a prominent player in the recycling and energy sectors, announced a sharp rise in standalone net profit for the September quarter, reporting a 64% increase to Rs 21.01 crore. This marks a significant improvement from a net profit of Rs 12.83 crore in the corresponding period of the previous fiscal year, according to

BCL Industries Q2 Net Profit Soars 64% to Rs 21 Crore Amid Strong Revenue Growth Read More »

RITES Stock Gains 3% Following MoU with SAIL-Bokaro for Railway Infrastructure Development

RITES Stock Gains 3% Following MoU with SAIL-Bokaro for Railway Infrastructure Development

/ Indian Market /

Shares of RITES rose over 3% on October 30 after the infrastructure consultancy signed an MoU with SAIL-Bokaro Steel Plant to oversee railway connectivity projects within the Jharkhand-based steel plant. The partnership includes comprehensive project management consultancy for both new and existing railway tracks. RITES will handle surveying, engineering, project supervision, and quality control. Further,

RITES Stock Gains 3% Following MoU with SAIL-Bokaro for Railway Infrastructure Development Read More »

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