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Coal India has announced a significant price hike for coal from the Rajmahal area, raising the add-on price to Rs 700 per tonne. This strategic move is expected to generate an additional Rs 300 crore in annual revenue. Along with this, Coal India has revised its policy to allow more flexible coal supply for non-regulated sectors. Read on to understand the financial impact, market reaction, and future outlook for Coal India.
Indian Bank has seen a strong 6.58% surge in its stock price, continuing its positive momentum for the third consecutive session. With a 40.58% gain over the past year, the bank outperforms broader market indices, driven by solid financial performance and sectoral optimism. explores the key drivers behind Indian Bank's impressive growth and its potential for future returns.
Afcons Infrastructure has reported a 30% increase in net profit for Q2 FY24, reaching Rs 135.44 crore, despite a decline in sales. The company’s strong operational efficiency and cost management strategies have allowed it to maintain profitability, even amid challenging market conditions.
National Aluminium Company (NALCO) has experienced a remarkable 170% surge in stock price over the past year, driven by strong financial results, rising global aluminium prices, and favorable domestic demand. With China’s export tax rebate cancellation and India’s growing infrastructure needs, NALCO is well-positioned for continued growth.
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.
Cummins India delivered impressive Q2 FY25 results, with a 37% YoY surge in net profit and a 31% rise in revenue. While domestic sales grew strongly, export performance faced challenges due to global uncertainties. The company remains optimistic about long-term growth, backed by a strong product portfolio and strategic focus on India's resilient economy.
IRB Infrastructure saw a 21% jump in toll revenue for October 2023, reaching Rs 539.6 crore. The company’s strong performance was driven by key highways like the IRB MP Expressway and Ahmedabad Vadodara Tollway. With the festive season boosting travel, IRB is poised for continued growth in the coming months.
Solar Industries India Ltd. has announced a significant milestone by securing export orders worth Rs 399 crore for defense products from an international client. This strategic move not only strengthens its position in the defense sector but also aligns with the government's push for domestic production. Explore the implications for the company's growth, stock market reactions, and analyst insights in our comprehensive analysis.
L&T shares surged over 6.50% after the company reported a 5% increase in consolidated profit for the quarter ending September 30, 2024. This positive earnings announcement reflects strong investor confidence and highlights L&T's strategic position in the growing infrastructure sector. Explore the key factors driving this growth and what it means for future investments.
Reliance Power has secured shareholder approval to raise ₹1,525 crore through the issuance of preferential shares. This strategic move aims to bolster business expansion, reduce debt, and enhance the company's financial standing, with significant contributions from key investors, including Reliance Infrastructure. Discover the implications of this capital raise and its potential impact on the company's future.