Waaree Energies plans to use IPO funds to establish a 6 GW manufacturing facility in Odisha and support general corporate purposes. As India’s largest solar PV module manufacturer with 12 GW capacity, the company reported a 69% revenue increase to Rs 11,398 crore in FY24. It is also expanding to a 3 GW facility in the U.S.
Godrej Properties set to undertake luxury residential project in Gurugram (25-10-2024)
With estimated revenue potential of over Rs 5,500 cr
Dixon Technologies shares in focus after Q2 profit skyrockets 265% YoY to Rs 412 crore (25-10-2024)
Dixon Technologies will be in the spotlight on Friday after reporting a 265% year-on-year increase in net profits to Rs 412 crore, driven by higher mobile phone production and an exceptional gain of Rs 209.6 crore in the second quarter of FY2025. The company also saw a 120% rise in revenues, reaching Rs 18,116 crore compared to Rs 4,944 crore the previous year.
Shilchar Technologies – Power & Distribution Transformers – Sunrise Sector? (25-10-2024)
Indeed. May be due to delay in capacity expansion. Nevertheless, now capacity is expanded to 7500 MVA and running. OPM have increased and likely to sustain or might go up a little due to operating leverage and exports. I think they can still do 625 crores around. Assuming 11 lakh per MVA (may go up further in exports), they can do around 400 crores in H2 in case of full capacity utilisation. 237 already in H1 and not to forget this is H2 heavy business. Waiting for concall for more clarity.
Diwali has never been this bad for Nifty bulls in last 10 years. Time to buy the fear? (25-10-2024)
Nifty has suffered its worst pre-Diwali phase in a decade, falling nearly 6% in a month. Analysts attribute this decline to weak earnings growth and FII outflows. Despite the current downturn, long-term investors see this as an entry point, expecting a recovery by year’s end.
Board of Le Travenues Technology approves acquisition of 51% stake in Zoop (25-10-2024)
At meeting held on 24 October 2024
Godrej Properties emerges as highest bidder for luxury housing project in Gurugram (25-10-2024)
Godrej Properties (GPL) said that it has emerged as the highest bidder for a luxury group housing plot on Golf Course Road in Gurugram with a revenue potential in excess of Rs 5,500 crore.
EFC announces change in management (25-10-2024)
With effect from 24 October 2024
F&O Radar| Deploy Bear Put Spread in Nifty for potential gains from range-bound market (25-10-2024)
The markets have been under pressure in October, with a failure to sustain above key support levels. Sahaj Agrawal of Kotak Securities forecasts ongoing volatility and selling pressure, recommending a Bear Put Spread strategy to capitalize on expected market consolidation. Support is anticipated between 23,500-23,700.