Hi-Tech Pipes reported a substantial 72% increase in net profit for the second quarter, reaching Rs 18.11 crore, boosted by cost reductions. The steel products manufacturer had posted a net profit of Rs 10.52 crore during the same period last fiscal, the company revealed on Tuesday. Despite the profit jump, Hi-Tech Pipes’ total income for […]
Hi-Tech Pipes Q2 Net Profit Jumps 72% to Rs 18 Crore on Lower Expenses Read More »
Rail Vikas Nigam Ltd (RVNL) shares climbed 5% on November 6 after the company, along with Rithwik Projects Pvt Ltd (RPPL), emerged as the lowest bidder (L1) for a major contract in the Bengaluru Suburban Rail Project (BSRP). This significant win boosted RVNL’s shares, trading at Rs 467.25 by 9:34 AM, up nearly 4%. Year-to-date,
RVNL Shares Surge 5% After Emerging as Lowest Bidder for Bengaluru Rail Project Read More »
Mazagon Dock Shipbuilders Ltd. saw its shares jump by over 3% on November 6 after the company reported impressive financial results for Q2. The state-owned defense firm posted a 76% increase in net profit, reaching Rs 585 crore for the quarter ending in September, while revenue surged by 51% year-on-year to Rs 2,757 crore. The
Mazagon Dock Shares Rise 3% on Strong Q2 Results and Stock Split News Read More »
Shares of Oil India rose by nearly 6% on November 6 after the company reported a massive 464% jump in net profit for Q2. The state-run company posted a net profit of Rs 2,069 crore for the quarter, a big leap from Rs 640 crore in the same period last year. Despite this, the company’s
Oil India Shares Surge 6% on Massive 464% Profit Growth in Q2 Read More »
ACME Solar Holdings, one of India’s top renewable energy companies, raised Rs 1,301 crore from anchor investors on November 5, just ahead of its highly anticipated Rs 2,900-crore IPO. The public offering, set to open on November 6 and close on November 8, has a price band of Rs 275-289 per share. The IPO consists
Premier Explosives shares are set to be in focus on November 6 after the company announced a major order win worth ₹89.20 crore from Singareni Collieries Company Ltd. (SCCL). The order involves the supply of various explosives and accessories, including SME explosives, LDC explosives (both cap and non-cap), and additional items like Cast Booster, Detonating
Shares of NMDC Ltd jumped more than 3% on November 5 after the company announced that its board would meet on November 11 to consider a proposal for issuing bonus shares. As of 2:55 PM, NMDC shares were trading 3.3% higher at ₹233.9 on the NSE. Alongside the bonus issue proposal, the company will also
NMDC Shares Rise Over 3% as Board to Discuss Bonus Issue on November 11 Read More »
Gland Pharma shares surged over 13% on November 5, driven by strong Q2 earnings that, according to analysts, may indicate an end to the company’s recent struggles. As of 12:54 PM, Gland Pharma shares were trading at ₹1,803 on the NSE. The stock’s modest performance this year has lagged behind the Nifty Pharma index, which
Gland Pharma Shares Jump 13% After Q2 Results, Signaling Possible Recovery Read More »
Shares of Amara Raja Energy & Mobility Ltd. fell nearly 5% on November 5 after the company reported disappointing earnings for the quarter ending September 30, 2024, missing market estimates. The company’s net profit increased by 6.3% year-on-year (YoY) to ₹240.7 crore in Q2FY25, while revenue from operations rose by 11.6% YoY to ₹3,135.8 crore
Amara Raja Shares Drop Over 4% After Q2 Results Fall Short of Expectations Read More »
Apollo Green Energy Limited (AGEL), part of the Apollo International Group, announced on November 5 that it aims to create a ₹10,000-crore project portfolio by 2025. Currently, the company has an order book of ₹3,500 crore, including ₹2,500 crore dedicated to ongoing solar projects across various states in India. As part of its growth strategy,
Apollo Green Energy Plans to Go Public, Targets ₹10,000-Crore Portfolio by 2025 Read More »
