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Shalby Ltd’s net profit falls 20% in June quarter of FY25; stock slips 7%Economic vision and not stimulus in Modi 3.0 budget: Goldman SachsThermax stock hits new high, up 4% on securing order worth of Rs 513 croreBank of Baroda shares fall 4% on weak loan, deposit growth in Q1FY25ALERT:: Remedium Lifecare board okays Rs 200 cr QIP issue; stock down 3%Magellanic Cloud’s shares rise 10% as drone spraying system gets DGCA nodPatel Engineering crashes 12% after CMD Rupen Patel dies, pares YTD gainsPaytm stock up 15% in two days on BSE amid heavy volume; what’s happening?TCS, HCL earnings recovery may get further push from growth in AI demandALERT:: GRM Overseas to expand presence in Georgia; stock soars 8%Ajmera Realty’s shares in news as sales rise 36% YoY to Rs 306 cr in Q1Dabur India gains 4% in subdued market post June quarter business updateRail stocks rally: RVNL, IRFC, TexRail surge up to 15% on July 08; check why
3:15 PM
Shalby Ltd’s net profit falls 20% in June quarter of FY25; stock slips 7%
Shalby Ltd has a total market capitalisation of Rs 3,233 crore. The company’s stock price has stayed the same year to date, down marginally by 0.60 per cent, while in the last one year it has shot up by 68.32 per cent. READ MORE
3:03 PM
Economic vision and not stimulus in Modi 3.0 budget: Goldman Sachs
The government, Goldman Sachs believes, is likely to stick to the announced fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for FY25. READ MORE
2:52 PM
Thermax stock hits new high, up 4% on securing order worth of Rs 513 crore
Thermax, in an exchange filing, said Thermax Babcock & Wilcox Energy Solutions Limited, a wholly-owned subsidiary of the company, has concluded an order of Rs 513 crore for supply of 2X 550 TPH boiler. READ MORE
2:39 PM
Bank of Baroda shares fall 4% on weak loan, deposit growth in Q1FY25
The fall in the share price of the PSB came after the lender reported a weak loan growth in the April-June quarter (Q1) of FY25 on a sequential basis. READ MORE
2:28 PM
ALERT:: Remedium Lifecare board okays Rs 200 cr QIP issue; stock down 3%
Remedium Lifecare in an exchange filing today said the company’s board approved raising funds by way of issuance of equity shares for an aggregate amount not exceeding Rs 200 crore by way of qualified institutional placement (QIP) or other permissible mode.
2:17 PM
Magellanic Cloud’s shares rise 10% as drone spraying system gets DGCA nod
Shares of Magellanic Cloud rose up to 9.90 per cent, hitting its 52-week high at Rs 688 per share on the BSE in Monday’s intraday deals. This came after the company on Saturday announced that its subsidiary, Scandron Private Limited, has received ‘Type Certification’ for unmanned aircraft system (UAS) model “SNDAG010QX8” from the Directorate General of Civil Aviation (DGCA). READ MORE
2:05 PM
Patel Engineering crashes 12% after CMD Rupen Patel dies, pares YTD gains
The Board of Patel Engineering has approved the appointment of Janky Patel as the ‘Chairperson’ of the company effective from July 6, 2024. READ MORE
1:53 PM
Paytm stock up 15% in two days on BSE amid heavy volume; what’s happening?
In past one month, Paytm has outperformed the market by zooming 25 per cent, as compared to 4.5 per cent rise in the BSE Sensex. READ MORE
1:41 PM
TCS, HCL earnings recovery may get further push from growth in AI demand
TCS results this week should show revenue growth picked up sequentially in the April-June quarter, consensus estimates show. READ MORE
1:29 PM
ALERT:: GRM Overseas to expand presence in Georgia; stock soars 8%
GRM Overseas in an exchange filing today said, the company has partnered with DIPLOMAT and is set to expand its presence in Georgia. GRM has entered into an agreement with DIPLOMAT GEORGIA to place its own brand of basmati rice ‘Tanoush’ through DIPLOMAT Distribution Channels.
1:21 PM
Ajmera Realty’s shares in news as sales rise 36% YoY to Rs 306 cr in Q1
Ajmera Realty and Infrastructure, a luxury and mid-luxury residential developer reported strong growth in sales value in its business estimates for quarter one of fiscal year 2024-25 (Q1FY25). READ MORE
1:09 PM
Dabur India gains 4% in subdued market post June quarter business update
Shares of Dabur India were up 4 per cent at Rs 633.05 on the BSE in Monday’s intra-day trade on heavy volumes in an otherwise subdued market as the management said demand trends improved quarter-on-quarter (QoQ) and rural growth picked up. READ MORE
12:43 PM
Rail stocks rally: RVNL, IRFC, TexRail surge up to 15% on July 08; check why
The GoI is focusing on improving the railway infra and ensures faster development and completion of tracks, rail electrification, rolling stock manufacturing and delivery of passenger freight services. READ MORE
