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Kernex Microsystems' stock surged to an all-time high after securing a massive Rs 2,041-crore order from Chittaranjan Locomotive Works. The order involves supplying and installing 2,500 KAVACH onboard safety systems for Indian Railways, marking a major milestone for the company. With strong financial growth and a promising future, Kernex is poised for continued success in the railway safety sector.
Torrent Power has raised Rs 3,500 crore through a Qualified Institutional Placement (QIP) of 2.3 crore equity shares. This capital infusion will support the company’s business expansion plans, enhance its financial strength, and position it for future growth in India’s competitive energy sector.
TVS Holdings has received approval from the RBI for its acquisition of Home Credit India Finance, marking a major shift in control and governance. The deal involves changes in ownership and the appointment of new directors, signaling a strategic transformation aimed at driving growth and innovation in India’s consumer finance sector.
IIFL Home Finance, a subsidiary of IIFL Finance, is set to raise up to Rs 500 crore through the issuance of secured non-convertible debentures (NCDs). This move aims to strengthen the company’s financial position and fund future growth initiatives. Learn more about the NCD offering, its potential benefits for investors, and the company’s recent financial performance.
State Bank of India has successfully raised Rs 50,000 crore in FY25 through a strategic mix of infrastructure, AT1, Tier 2, and long-term bonds. This significant fundraising effort enhances SBI's capital base, enabling the bank to support critical infrastructure projects and expand its lending capacity, while positioning it for sustainable growth in the coming years.
Bharat Global Developers (BGDL) reaches a record high after securing a Rs 156 crore order from UPL Agro for the supply of 3,00,000 tons of oil-grade groundnuts. This landmark deal strengthens BGDL’s position in the agri-commodities sector, boosting its revenue and financial outlook.
Samhi Hotels is poised for double-digit revenue growth, driven by strong demand in key Indian cities and strategic acquisitions, including the purchase of ACIC Hotels. With improved financial health, reduced finance costs, and a focus on operational efficiency, the company is well-positioned for sustained profitability in the coming fiscal years.
India's rising household incomes are fueling a consumption boom across both urban and rural areas, creating significant growth opportunities for businesses and investors. The Bajaj Finserv Consumption Fund NFO aims to tap into this trend by investing in sectors directly benefiting from increased consumer spending. Learn how this fund can help investors capitalize on India's consumption-driven growth story.
DCM Shriram’s stock reached an all-time high after announcing a significant expansion at its Loni sugar plant, boosting its crushing capacity. This growth, along with strong Q2 results and strategic investments in renewable energy and chemicals, positions the company for long-term success.
Sobha Limited’s shares soared nearly 6% after the company reported a remarkable 74.5% year-on-year profit growth for Q2FY25. With strong revenue growth, higher price realizations, and strategic expansion into international markets, Sobha is well-positioned for continued success in the luxury real estate segment.