On July 16, 2024, Balu Forge Industries Ltd (BFIL), a leading precision engineering and manufacturing company, announced raising ₹496.80 crore. The funds will come from a mix of preferential equity shares and fully convertible warrants. This initiative aims to enhance BFIL’s manufacturing capacity, support India’s self-reliance in the defence, railways, and aerospace sectors, and contribute …
A subsidiary of The Indian Hotels Company Limited (IHCL), Benares Hotels Limited (BHL), announced its financial results for the quarter ended June 2024 in a stock exchange filing. For Q1 FY 2025, the company reported a revenue of ₹24.35 crore, down by 6.73% compared to ₹26.11 crore in Q1 FY 2024. However, the Profit After …
On July 15, 2024, Lemon Tree Hotels Limited announced in a stock exchange filing about the opening of Lemon Tree Hotel, Centre Point, in Jamshedpur. The company stated that this marks the group’s first property in Jharkhand. This newly managed hotel features 42 well-appointed rooms designed for comfort and convenience. Guests can enjoy various amenities, …
On July 16, 2024, Sealmatic India Limited stated that the Honourable Oil Minister Shri Hardeep Singh Puri emphasised the urgent need to ramp up oil and gas exploration in India. This strategic push aims to reduce the country’s import dependence and ensure affordable and sustainable fuel availability. The Minister highlighted the exploration and production (E&P) …
Varun Beverages Limited’s (VBL) strong partnership with PepsiCo gives them access to a wide range of popular and well-known brands, allowing them to cater to a diverse consumer base. With a presence in over 27 countries, VBL has established itself as a leading player in the beverage industry, constantly innovating and expanding its product portfolio …
Balkrishna Industries Ltd. (BKT) has recently announced the completion of a new mould manufacturing unit at its plant in Bhuj, Gujarat. This major addition was built with a capital expenditure of Rs.300 crore, boosting the company’s production capacity. Quarterly Performance & Net Profit BKT’s financial results surpassed market expectations last quarter, driven by increased volume. …
Overview of the Penalty Order Suzlon Energy Limited recently announced that the Office of the Commissioner of Customs has imposed substantial penalties on the company. This notification was formally communicated to the National Stock Exchange of India Limited and BSE Limited on July 16, 2024. The company plans to appeal against the order. Details of …
On Monday, the Indian benchmark indices concluded the trading day on a notably positive note, with the Sensex gaining by 0.06% to close at 80,716, and the Nifty rising by 0.11% to finish at 24,613. The broader market also experienced some gains, as the Nifty Mid-Cap closed flattish by 0.00%, and the Nifty Small-Cap soared …
Based on technical analysis, Escorts Kubota & Jindal Stainless are identified as upside potential stocks. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 4,034.90 and Rs 5,787.50 respectively, their price aligns with positive signals from technical indicators like …
On July 16, 2024, CRISIL Ltd announced in a stock exchange filing that the company’s board had approved the unaudited financial results for the second quarter ended June 30, 2024 (Q2 2024). CRISIL’s consolidated income from operations increased by 3.4% to ₹797.4 crore in Q2 2024, compared to ₹771.0 crore in the same quarter last …
