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Prabhudas Lilladher's Q2FY25 preview indicates weak demand in consumer durables due to a slow festive season and heavy rainfall, although the W&C segment thrives. Sales growth is projected at 11.5%, with Polycab and RR Kabel expected to perform well, while challenges persist in the fan segment. Continue Reading »
As Hitachi Energy India Ltd sees a meteoric rise in stock prices, the company's focus on renewable energy and high voltage technology is reshaping its future. With a robust order inflow and a promising Ebitda margin expansion, the stakes are high. Continue Reading »
Indian Renewable Energy Development Agency (IREDA) on Thursday, October 10 reported a net profit of ₹387.74 crore for the quarter ended September 30, 2024, up over 36% uptick from ₹284.73 crore reported in the year-ago period. Continue Reading »
Pranik Logistics IPO, priced at ₹73- ₹77 per share, opened on October 10 and will close on October 14. It is an SME IPO worth ₹22.47 crore. The company plans to use IPO proceeds to fund investment in technology. Continue Reading »
India’s leading IT software firm posted a 5 per cent year-on-year (YoY) increase in consolidated net profit, reaching ₹11,909 crore for the second quarter ended September 2024, up from ₹11,342 crore in the same period last year. Continue Reading »
Shiv Texchem IPO, priced between ₹158-166, opened for subscription on October 8. With a 152.85 times subscription rate by day three, the company aims to use the funds for working capital and corporate purposes. Notably, the grey market premium is +35. Continue Reading »
Top Gainers and Losers Today : The Sensex gained 144.31 points, or 0.18, to settle at 81467.1, while the Nifty gained 16.5 points, or 0.07, to close at 24981.95. Continue Reading »