Shares of Varun Beverages surged 5% on November 14 after news of its plan to raise up to Rs 7,500 crore through a Qualified Institutional Placement (QIP). The company received board approval for this fundraising back in October, and the base deal size is set at Rs 5,500 crore, with an option to increase by […]
Varun Beverages Stock Rises 5% Following Rs 7,500 Crore Fundraising Plan (QIP) Read More »
Shares of Kalpataru Projects International fell nearly 4% on November 13, even after the company announced securing new projects worth Rs 2,273 crore. These new contracts span the transmission and distribution (T&D) sector and residential building projects in India, bringing the company’s total order inflow this year to Rs 14,100 crore. Recent Project Wins and
Kalpataru Projects Shares Decline 4% Despite Securing Rs 2,273 Crore in New Projects Read More »
Shares of EPack Durable slid 5% on November 13 as the company reported a wider Q2 net loss of Rs 8.5 crore, up from Rs 6.1 crore in the previous year. By 9:30 AM, the stock was trading at Rs 462.50, despite having doubled in value year-to-date. Key Financials: Half-Year Highlights: For H1FY25, EPack’s revenue
EPack Durable’s Q2 Loss Widens, Shares Drop 5% Amid Rising Costs Read More »
Shares of Globus Spirits Ltd dropped by 11% on November 12 after the company reported a big fall of 88% in standalone net profit, down to Rs 1.5 crore for the quarter ending September 30, 2024. This is a sharp drop compared to its profit of Rs 13 crore in the same period last year.
Globus Spirits Shares Drop 11% as Q2 Profit Falls Sharply Read More »
NTPC Green Energy Ltd., a clean energy subsidiary of NTPC, is reportedly targeting a valuation around $12 billion for its upcoming IPO, which could become one of India’s largest renewable energy offerings. Discussions with advisers suggest NTPC Green may price the IPO above Rs 100 per share, with a potential fundraising goal of up to
NTPC Green Energy Targets $12 Billion Valuation for Upcoming IPO Read More »
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
NTPC Green Energy IPO Sees GMP Drop Amid Filing Preparations for RHP Read More »
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
Inox Wind Secures 87 MW Order, Expands Partnership with Continuum Green Energy Read More »
Shares of Krishna Institute of Medical Sciences (KIMS) surged nearly 6 percent on November 11 after the company reported strong financial results for the second quarter of FY25. By 12:50 PM, KIMS’ share price was up 3 percent, trading at Rs 587. The stock has gained over 50 percent year-to-date, significantly outperforming the Nifty 50,
KIMS Shares Surge 6% on Strong Q2 Results Read More »
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 »
