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Annapurna Swadisht Ltd's stock has surged by 7.5% to ₹425 following a successful ₹1.5 billion fundraise from qualified institutional buyers. This boost comes after the company issued shares at a 4.5% premium over the previous closing price. Dive into our blog to explore how this significant capital raise impacts the company’s growth prospects and stock performance.
Zomato’s stock price surged by 4% after the company announced the closure of its intercity food delivery service, Legends. The move, which follows a series of strategic shifts including the acquisition of One 97 Communications' ticketing business, reflects Zomato’s focus on optimizing its service offerings and enhancing market performance. Read on to understand the implications of these changes and what’s next for Zomato
Greaves Cotton Limited’s Q1 FY25 results showcase impressive growth, with a 12% year-on-year increase in revenue and EBITDA. The company achieved a standalone profit before tax (PBT) of INR 49 crore and saw consolidated revenue rise by 13% to INR 640 crore. The engineering segment led the way with a 15% revenue boost, while the retail business grew by 7%. Dive into the details of Greaves Cotton’s strong performance and its outlook for the rest of the fiscal year.
Adani Wilmar's stock surged by 5% following a significant demerger announcement by its parent company, Adani Enterprises. This strategic move, which involves separating the food-FMCG business and investments in Adani Commodities LLP, aims to streamline operations and enhance growth potential. Explore how this change is expected to impact Adani Wilmar's financial performance and what it means for investors.
Discover how SBI strategically raised USD 100 million through senior unsecured notes to bolster its market position and fuel ambitious expansion plans. Learn about SBI's recent bond issuance totaling USD 100 million, aimed at strengthening its financial base and supporting strategic growth initiatives worldwide. Explore the details of SBI's latest financial move: issuing USD 100 million in bonds via its London branch to secure funding for future business endeavors. Find out how SBI utilized bond markets to raise USD 100 million, analyzing the terms and strategic implications of these senior unsecured floating rate notes.
Explore the exciting details behind RVNL's impressive share price surge, driven by its recent contract win with Eastern Railways worth Rs 391 crore. Uncover the story behind RVNL's remarkable share price climb, fueled by its successful bid for a significant project with Eastern Railways. Learn more about how RVNL's share price soared over 7% following its achievement of securing a lucrative contract from Eastern Railways. Delve into the insights of RVNL's share price surge, showcasing the company's growing influence in the railway infrastructure sector. Discover the reasons behind RVNL's notable share price jump, propelled by its recent contract win with Eastern Railways. Stay informed about RVNL's share price surge, reflecting its success in securing a substantial project with Eastern Railways. Find out why RVNL's share price surged following the announcement of its contract win with Eastern Railways, highlighting its market strength. Get the latest updates on RVNL's share price surge, driven by its recent contract win with Eastern Railways, and understand its implications for the company's future growth. Dive into the details of RVNL's impressive share price surge, fueled by its recent contract win with Eastern Railways worth Rs 391 crore. Explore the reasons behind RVNL's remarkable share price climb, driven by its successful bid for a significant project with Eastern Railways. Learn more about how RVNL's share price soared over 7% following its achievement of securing a lucrative contract from Eastern Railways. Delve into the insights of RVNL's share price surge, showcasing the company's growing influence in the railway infrastructure sector.