Interarch Building Product announced the commencement of the construction of Phase 2, of its South India manufacturing facility, in Andhra Pradesh (AP). This expansion follows the successful inauguration and rapid capacity ramp-up of Phase 1 in September 2024, underscoring a significant milestone in the company’s growth journey. Phase 2, designed to replicate the capacity of Phase 1, is expected to become operational by April 2025, further strengthening Interarch’s production capabilities in the region.
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Hitachi Energy India soars after consortium bags renewable energy transmission project from POWERGRID (26-11-2024)
Hitachi Energy India jumped 7.06% to Rs 12488.05 after the company’s consortium with Bharat Heavy Electricals (BHEL) bagged renewable energy transmission project from Power Grid Corporation of India.
Sensex falls! But these stocks are up over 15% on BSE (26-11-2024)
In the Nifty50 index, 27 stocks were trading in the green, while 23 stocks were in the red.
Mphasis stock price 0.42 per cent as Sensex (26-11-2024)
As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 18.25 per cent and domestic institutional investors had 24.32 per cent.
Nifty IT index hits fresh record high; Infosys, LTIMindtree, Tech Mahindra lead the gains (26-11-2024)
The Nifty IT index hit a record high on Tuesday, rising 1.4% to 44,240, with all 10 constituents in the positive. Infosys led with a 2.4% increase, followed by gains in other major stocks. Despite broader market selling in November, the index has risen over 9% this month and 23.7% year-to-date, outperforming the Nifty 50.
Volumes jump at Tata Teleservices (Maharashtra) Ltd counter (26-11-2024)
Tata Teleservices (Maharashtra) Ltd saw volume of 25.64 lakh shares by 10:47 IST on BSE, a 6.97 fold spurt over two-week average daily volume of 3.68 lakh shares
Stock market update: Stocks that hit 52-week highs on NSE (26-11-2024)
3P Land Holdings, Pix Trans, Aries Agro, Siyaram Silk and Marksans Pharma, hit their fresh 52-week highs at 10:56AM.
Balaji Amines Opportunity (26-11-2024)
Thanks for sharing your views. Went through their conversation again and did some research. There are a couple of reasons, which, I think could be the reason for his anger.
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Question on Balaji Specialty Chemicals: Balaji specialty chemicals is not a wholly owned subsidiary of Balaji Amines. Balaji amines holds 55% stake and rest is owned by Promoters. The investor criticised the 750Cr investment in Specialty Chemicals saying it generates EBIDTA of 3Cr only. This could have felt like a personal attack on the management.
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Question on expected margins: Many investors were asking expected revenue and margins on DME and ACN plants. Management kept on saying its too early to say anything. When the investor in question again asked the same question it might have triggered the management a bit more.