On Wednesday, February 5, after receiving a letter of acceptance (LoA) from East Coast Railway for a Rs 404.4 crore contract under the Koraput-Singapur Road Doubling Project, shares of Rail Vikas Nigam Ltd (RVNL) jumped 4% to reach a day’s high of Rs 416.35 on the BSE. The LoA relates to the “Koraput-Singapur Road Doubling…
ITC Hotels shares were momentarily added to the Sensex and other indexes for passive fund portfolio rebalancing. On January 29, ITC Hotels’ shares went public on Indian stock markets. ITC Hotels Removed from Sensex and BSE Indices: ITC Hotels’ stock will be removed from the Sensex and other BSE indexes before trade starts on February…
Following the announcement that February 14, 2025, would be the record date for its dividend, shares of Hindustan Aeronautics Ltd. increased by more than 2%. After receiving permission from the AGM, the firm intends to pay dividends within 30 days. HAL’s impressive Q2FY25 earnings revealed a 22.4% year-over-year growth in profits. Following the company’s announcement…
Asian Paints reported a 6.1% reduction in consolidated sales to ₹8,521.51 crore and a 23.3% year-over-year decline in Q3FY25 net profit to ₹1,110.48 crore. The business is cautiously hopeful about demand recovery despite obstacles. Asian Paints Slides 5%: On Wednesday, February 5, Asian Paints’ share price dropped over 5% to an intraday low of Rs…
After announcing a 26% acquisition in Amplus Tungabhadra Private Limited to run a captive power plant, Indus Towers’ stock increased by more than 2% on February 4. Following the company’s announcement to markets that it had paid ₹27 crore to purchase a 26% stake in Amplus Tungabhadra Private Limited, a special purpose vehicle (SPV), Indus…
On Tuesday, February 4, Dr. Agarwal’s Health Care shares had a quiet start on the NSE, trading at ₹402, also the IPO price. In the meantime, the stock was down 1.27 percent from the issue price, trading at ₹396.90 on the BSE. Dr. Agarwal’s Health Care IPO listing: On Tuesday, February 4, Dr. Agarwal’s Health…
The pharmaceutical business Divi’s Laboratories announced a 64.5% YoY profit growth in Q3 FY25, powered by Custom Synthesis, which caused the share price to rise by 5%. Jefferies admits that revenue aligns with projections but worries about product concentration still exist. Divi’s Laboratories Q3 Results: A day after Divi’s Laboratories released its third-quarter (Q3) earnings…
In a separate filing on January 23, Tata Power also stated that it will have an analyst call on February 4 at 6 p.m. to field inquiries from the public and investors. This week, Tata Power, the power generation division of the Tata Group, is scheduled to release its December 2024 quarter results. The most…
Shares of Castrol India increased 9% to ₹192.90 after the company’s Q4CY24 and full-year earnings. Revenue rose 7% to ₹1354 crore in Q4, while profit jumped 12% to ₹271 crore after tax. Revenue for the entire year was ₹5365 crore, 6% more than the previous year. Following the revelation of Castrol India’s December quarter and…
Following the announcement of production figures and January volume information on Saturday after market hours, the price of Coal India’s stock fell 4% in Monday morning trading. Following its announcement of production figures and January volume information on Saturday, post-market hours saw a 3% drop in the price of Coal India’s shares in Monday morning…