RVNL share price: Rail Vikas Nigam (RVNL) experienced a 6 percent surge in its share price, reaching a 52-week high of Rs 398.35 during the opening trade on May 27. This increase followed the announcement that RVNL had emerged as the lowest bidder for a project by Maharashtra Metro Rail Corporation. On the BSE, shares…
Mukesh Ambani Mukesh Ambani, the richest man in Asia, is planning to launch a telecom business in Africa to gain mobile broadband users in a rapidly expanding market. According to Harkirit Singh, the executive director of NGIC, Ghana-based Next-Gen InfraCo will receive critical network infrastructure, apps, and smartphones from Radisys Corp., a division of Ambani-controlled…
GIFT Nifty: Indicators of a potential Nifty 50 index rise of 15.50 points at the opening bell include trading of Nifty 50 index futures on the GIFT Nifty Global Markets The anticipation of US consumer inflation eased, which supported the case for a rate decrease by the Federal Reserve this year, and most Asian markets…
NTPC: In its Q4 for FY24, National Thermal Power Corporation (NTPC) Limited disclosed a notable 33% increase in its net profits compared to the same quarter of the previous year. This surge was attributed to a spike in power demand and an enhancement in electricity generation. The company’s consolidated net profit for the quarter ending…
Divi’s Laboratories Q4 Results: Divi’s Laboratories unveiled its fiscal Q4FY24 results on Saturday, May 25, revealing a significant surge in net profit. The numbers painted an impressive picture, with a remarkable 67.6% increase, soaring to ₹538 crore compared to ₹321 crore in the same period last fiscal year. In the fourth quarter of FY24, Divi’s…
Aurobindo Pharma: The United States Food and Drug Administration (US FDA) recently inspected Unit III, A formula production facility of Aurobindo Pharma’s entirely owned subsidiary, Eugia Pharma Specialities. The inspection took place from January 22 to February 2, 2024, at the facility located in Sangareddy District, Telangana. Following the inspection, the US FDA has classified…
Bikaji Foods International saw a significant surge in its stock price by over nine percent on May 24 following its robust financial performance. The company reported a remarkable 200 percent increase in net profit, reaching Rs 116.3 crore, while revenue from operations climbed by 12.8 percent year-over-year to Rs 520.8 cr for the quarter ending…
Adani Enterprises shares: Thanks to a robust 12 percent surge in Adani Enterprises Ltd shares over the past month, the flagship company of the Adani group has completely recovered from the losses incurred following the critical report by Hindenburg Research on January 24, 2023. On Friday, Adani Enterprises rose by 1.91 percent, reaching a peak…
Mamaearth parent’s stock: A day after the skincare company reported its highest-ever quarterly net profit for the January–March quarter of FY24, Honasa Consumer, the discern organization of Mamaearth, noticed a 7% boom in its stocks throughout early buying and selling on May 24. Honasa Consumer’s stocks have been buying and selling at the NSE at…
Vodafone Idea shares: In early Friday trading, Vodafone Idea shares increased by more than 6% following a stock upgrade from “Neutral” to “Buy” by international brokerage UBS. After first setting its target price at Rs 13.10, UBS increased it to Rs 18. Today’s morning session saw a 6.64% boom inside the telecom stock. The company’s…
