Indian Market

NTPC Green Energy IPO Sees GMP Drop Amid Filing Preparations for RHP

NTPC Green Energy IPO Sees GMP Drop Amid Filing Preparations for RHP

/ Indian Market /

The grey market premium (GMP) for NTPC Green Energy’s IPO has dipped as anticipation builds around the company filing its red herring prospectus (RHP). The recent GMP decline is attributed to broader market pressures, including continued foreign institutional investor (FII) outflows, subdued quarterly results, and weak trends across Asian markets, all of which have affected […]

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Inox Wind Secures 87 MW Order, Expands Partnership with Continuum Green Energy

Inox Wind Secures 87 MW Order, Expands Partnership with Continuum Green Energy

/ Indian Market /

Inox Wind’s share price saw a slight rise in early trading on November 12 after securing a repeat order of 87 MW from Continuum Green Energy for its advanced 3 MW class wind turbines. By 9:19 am, Inox Wind was trading at Rs 205.55 on the BSE, reflecting a marginal gain of 0.42 percent. The

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HFCL Shares Climb 6% After Securing Rs 8,100 Crore BharatNet Project

HFCL Shares Climb 6% After Securing Rs 8,100 Crore BharatNet Project

/ Indian Market /

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

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Biocon Shares Rise 5% After USFDA Clears Bengaluru Facility with Favorable Rating

Biocon Shares Rise 5% After USFDA Clears Bengaluru Facility with Favorable Rating

/ Indian Market /

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.

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Asian Paints Shares Drop 9% After Weak Q2FY25 Results Amid Demand Challenges

Asian Paints Shares Drop 9% After Weak Q2FY25 Results Amid Demand Challenges

/ Indian Market /

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

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DCX Systems Stock in Spotlight After Rs 460.3 Crore Export Order from Lockheed Martin

DCX Systems Stock in Spotlight After Rs 460.3 Crore Export Order from Lockheed Martin

/ Indian Market /

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

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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

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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

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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

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