HFCL shares surged over 6 percent after the company, along with partners Rail Vikas Nigam Ltd (RVNL) and Aerial Telecom Solutions, was selected as the lowest bidder for multiple BharatNet Phase III project bids, totaling Rs 8,100 crore. By 1:30 PM, HFCL shares were up 2 percent at Rs 130. The stock has risen 53 […]
HFCL Shares Climb 6% After Securing Rs 8,100 Crore BharatNet Project Read More »
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’ 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’ 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 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 »
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
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
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
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
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
