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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.
Zomato has raised Rs 8,500 crore through a Qualified Institutional Placement (QIP) to strengthen its balance sheet and accelerate growth. This significant funding will help the food delivery giant expand operations, invest in technology, and explore new business opportunities, positioning it for long-term success in the competitive Indian food tech market.
Adani Group stocks experienced a major surge on Friday, with all 11 listed companies showing impressive gains. Leading the rally was Adani Green Energy, which jumped nearly 15%. This broad-based rally reflects growing investor optimism, particularly in the renewable energy sector, and highlights the strength of Adani's diversified portfolio across key industries like energy, cement, and infrastructure.
Marksans Pharma saw a 1.94% increase in its stock after receiving USFDA approval for its generic Loratadine Tablets. This approval opens new opportunities in the allergy relief market, complementing the company’s strong financial performance with a 15.8% rise in net profit for Q2 FY25.
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.
Mahindra & Mahindra posted impressive Q2 FY2024 results, with net profit rising 35% to Rs 3,170.72 crore and sales increasing by 10%. Strong demand in automotive and farm equipment segments, along with improved operational efficiency, drove this performance. Discover the key drivers behind their growth and what’s next for the company.
Manappuram Finance experienced a significant 15% drop in share price after the RBI issued a directive halting loan disbursement by its subsidiary, Asirvad Micro Finance. This decision, driven by concerns over pricing practices and regulatory compliance, poses serious challenges for the company's growth and profitability. In this blog, we delve into the implications of the RBI's ban, analyst responses, and what it means for the future of Manappuram Finance and the microfinance sector as a whole.
In a significant strategic move, ONGC has increased its stake in ONGC Petro Additions Ltd. (OPaL) to 94.04%, investing ₹5,594.80 crore. This acquisition aims to enhance ONGC's vertical integration in the petrochemical sector. However, with OPaL's declining financial performance raising concerns, this investment poses both opportunities and challenges for ONGC's future growth. Join us as we analyze the implications of this bold decision and its impact on the petrochemical market.
TD Power Systems has made headlines with a significant order win worth ₹142 crore from leading international gas engine OEMs, propelling its share price up by 6.19%. This development not only highlights the growing demand for gas engine generators but also signals strong future growth potential for the company. In this post, we explore the details of the order, its impact on the market, and what it means for investors moving forward.
Starting October 1, Sebi’s new guidelines will shorten the wait for trading bonus shares to just two days after the record date. This significant change aims to enhance market efficiency and liquidity by reducing delays in share trading. Discover how this update benefits investors and what companies need to do to comply with the new rules.