Indian Market

RITES Stock Gains 3% Following MoU with SAIL-Bokaro for Railway Infrastructure Development

RITES Stock Gains 3% Following MoU with SAIL-Bokaro for Railway Infrastructure Development

/ Indian Market

Shares of RITES rose over 3% on October 30 after the infrastructure consultancy signed an MoU with SAIL-Bokaro Steel Plant to oversee railway connectivity projects within the Jharkhand-based steel plant. The partnership includes comprehensive project management consultancy for both new and existing railway tracks. RITES will handle surveying, engineering, project supervision, and quality control. Further, […]

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Servotech Power Systems’ Q2 Net Profit Jumps Three-Fold, Unveils New Solar Products

Servotech Power Systems’ Q2 Net Profit Jumps Three-Fold, Unveils New Solar Products

/ Indian Market

Servotech Power Systems reported impressive Q2 earnings, with consolidated net profit surging over three-fold to Rs 11.24 crore for the September quarter, up from Rs 3.12 crore in the same period last year. This growth was primarily fueled by a significant rise in income, which more than doubled to Rs 200.06 crore from Rs 86.59

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Ramco Industries Rises 6% Following Major Stake Realignment in Block Deals

Ramco Industries Rises 6% Following Major Stake Realignment in Block Deals

/ Indian Market

Shares of Ramco Industries surged over 6 percent to Rs 247 on October 29 after a significant transaction where 14.1 million shares, representing 16.2 percent of the company’s equity, exchanged hands in two large block deals, Bloomberg data reported. The trades come as part of a strategic disinvestment plan by Ramco Cements, a promoter of

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NTPC Green Energy and Avanse Financial Services Get SEBI Approval for IPOs; VMS TMT Withdraws Plans

NTPC Green Energy and Avanse Financial Services Get SEBI Approval for IPOs; VMS TMT Withdraws Plans

/ Indian Market

NTPC Green Energy and Avanse Financial Services have received approval from SEBI for their upcoming IPOs, while VMS TMT has decided to withdraw its IPO plans. SEBI issued observation letters for NTPC Green on October 22 and Avanse Financial Services on October 23, allowing them to launch their IPOs within the next year. NTPC Green

NTPC Green Energy and Avanse Financial Services Get SEBI Approval for IPOs; VMS TMT Withdraws Plans Read More »

Waaree Energies IPO Debuts Today with Anticipation of 100% Listing Gains

Waaree Energies IPO Debuts Today with Anticipation of 100% Listing Gains

/ Indian Market

Waaree Energies, a prominent solar PV modules manufacturer, is making its stock market debut today, October 28, after receiving a record response for its initial public offering (IPO). The shares will begin trading on the BSE and NSE, with the company raising ₹4,321.44 crore through a combination of fresh issues and an offer for sale.

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Over 300 Small-Caps Drop 10-32% as Broader Markets Underperform

Over 300 Small-Caps Drop 10-32% as Broader Markets Underperform

/ Indian Market

The broader markets saw significant losses in the week ending October 25, as over 300 small-cap stocks fell by 10-32%. The underperformance stemmed from weak Q2 earnings, sector-wide selling, foreign institutional investor (FII) outflows, and mixed global market signals ahead of the US presidential election. Key indices, BSE Sensex and Nifty50, dropped by 2.24% and

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CMS Info Systems' Q2 Net Profit Rises 8% YoY to Rs 91 Crore, Revenue Grows 15%

CMS Info Systems’ Q2 Net Profit Rises 8% YoY to Rs 91 Crore, Revenue Grows 15%

/ Indian Market

CMS Info Systems reported an 8% year-on-year rise in net profit to Rs 91 crore for Q2FY25, while revenue grew 15% to Rs 624 crore. Profit growth was constrained by slower consumption, elections, and heavy rains in the first half of the year, with quarterly profit remaining flat. Cash Logistic business expanded 8% to Rs

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Adani Group's Renew Exim Acquires 46.64% Stake in ITD Cementation, Launches Rs 2,553 Crore Open Offer

Adani Group’s Renew Exim Acquires 46.64% Stake in ITD Cementation, Launches Rs 2,553 Crore Open Offer

/ Indian Market

Adani Group’s subsidiary, Renew Exim DMCC, has entered into a definitive agreement to acquire a 46.64% equity stake in ITD Cementation India Ltd from Italian-Thai Development Public Company Ltd (ITD) for approximately Rs 3,204 crore, priced at Rs 400 per share. This acquisition is expected to enhance Adani’s civil engineering capabilities, particularly in sectors such

Adani Group’s Renew Exim Acquires 46.64% Stake in ITD Cementation, Launches Rs 2,553 Crore Open Offer Read More »

IndusInd Bank Shares Tumble 15% as Q2 Earnings Disappoint

IndusInd Bank Shares Tumble 15% as Q2 Earnings Disappoint

/ Indian Market

IndusInd Bank’s stock plummeted 15% on October 25, marking its steepest decline in nearly five months, following weaker-than-expected Q2 FY25 results. The bank’s consolidated net profit dropped 39.5% year-on-year to Rs 1,331 crore, missing estimates. While net interest income rose 5% to Rs 5,347 crore, it was below market expectations, and the net interest margin

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