The home appliances manufacturer’s net profit surged to ₹44 crore, compared to ₹28 crore in the same quarter last year. However, despite the profit increase, the company’s EBITDA (earnings before interest, tax, depreciation, and amortisation) saw moderate growth rising to ₹69.3 crore from ₹62.8 crore in Q3 FY24. Margins remained unchanged at 4.1% year-on-year. Revenue …
Muthoot FinCorp announced the opening of subscriptions for its latest Tranche IV secured, redeemable non-convertible debentures (NCDs) on February 4, targeting to raise up to ₹400 crore. The offering provides investors with an effective annual yield ranging from 9.38% to 10.10%, with tenure options between 18 and 72 months. Fundraising Structure and Purpose The Tranche …
Info Edge, a leading online classified and recruitment company, has announced a stock split in the ratio of 1:5. The decision was approved by the company’s board and disclosed through an exchange filing on February 5, 2024. Following the announcement, Info Edge’s share price surged nearly 3% as of 12:50 PM. Rationale Behind the Stock …
Stocks priced under ₹50 present an affordable entry point for investors while offering significant growth potential. As of November 2024, several Indian stocks in this price range have demonstrated strong performance, backed by a solid five-year compound annual growth rate (CAGR). These budget-friendly stocks provide an opportunity to diversify investment portfolios without requiring a large …
JSW Energy has received a Letter of Award (LoA) from the West Bengal State Electricity Distribution Company Limited (WBSEDCL) for the development and operation of a 1,600 MW (2×800 MW) super/ultra-supercritical coal-based thermal power plant. The project, awarded through a competitive bidding process, will utilise domestic coal allocated under the SHAKTI B (iv) policy. The …
Home-grown FMCG major Dabur has recalibrated its long-term strategic planning approach, reducing the duration of its vision cycle from four years to three. The move aims to create a more agile organisation amid ongoing challenges in the FMCG sector and a volatile global economic landscape. To facilitate this transition, Dabur has enlisted the services of …
Shree Cements’ share price saw a modest increase of 0.37%, trading at ₹27,656.7 at 12:34 PM. The stock opened at ₹27,600 and reached a high of ₹27,955 during the session, while dipping to a low of ₹27,349.75. Corporate Action History The corporate action history for the company shows a consistent pattern of dividend declarations. On …
Dynamic Services & Security Limited, an ISO 9001:2015 & ISO 45001:2018 certified organisation, has recently secured a new contract from South East Central Railway. The work order pertains to the outsourcing of box loading and unloading services for train crew and guards at Kobra (KRBA) and Brajrajnagar (BRJN) stations in the Bilaspur Division. This development …
In a strategic move, Godrej Properties has acquired all the equity shares of Pearlshine Home Developers, making it a fully-owned subsidiary. This acquisition further enhances the company’s growth in real estate development, the company said in a press release on the stock exchange. Acquisition Details On February 3, 2025, Godrej Properties announced the complete acquisition …
Rail Vikas Nigam Limited (RVNL), a government enterprise under the Ministry of Railways, has received a Letter of Acceptance (LoA) from East Coast Railway for a significant infrastructure project under the Koraput-Singapur Road Doubling Project. The awarded contract involves executing major bridge construction and associated works between Tikiri and Bhalumaska stations in the Waltair Division. …
