Indian Market

Hindalco

Hindalco Shares Slide Over 6% After Novelis’ Q2 Profit Decline and Withdrawn Margin Forecast

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 […]

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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

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

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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

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

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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

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)

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Hi-Tech Pipes Q2 Net Profit Jumps 72% to Rs 18 Crore on Lower Expenses

Hi-Tech Pipes Q2 Net Profit Jumps 72% to Rs 18 Crore on Lower Expenses

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

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RVNL Shares Surge 5% After Emerging as Lowest Bidder for Bengaluru Rail Project

RVNL Shares Surge 5% After Emerging as Lowest Bidder for Bengaluru Rail Project

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,

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Mazagon Dock Shares Rise 3% on Strong Q2 Results and Stock Split News

Mazagon Dock Shares Rise 3% on Strong Q2 Results and Stock Split News

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

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ACME Solar Holdings Raises Rs 1,301 Crore from Anchor Investors; Rs 2,900-Crore IPO Opens on November 6

ACME Solar Holdings Raises Rs 1,301 Crore from Anchor Investors; Rs 2,900-Crore IPO Opens on November 6

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

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Premier Explosives Shares Gain Attention After Winning Rs 89.20 Crore Order from Singareni Collieries

Premier Explosives Shares Gain Attention After Winning Rs 89.20 Crore Order from Singareni Collieries

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

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