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Cyient DLM Strategic Contract Win with Boeing: A Game-Changer

Cyient DLM Strategic Contract Win with Boeing: A Game-Changer

29 July 2024

Cyient DLM Limited has recently been in the spotlight with a notable uptick in its stock price. The stock is currently trading higher by 5% at Rs 816.90, with the total volume traded on the NSE exceeding 12 lakh shares, which is significantly above the average. Let’s delve into the factors contributing to this surge …

From Rs 470 to Rs 1,035: Lotus Chocolates’ Astonishing Stock Surge in 5 weeks!

From Rs 470 to Rs 1,035: Lotus Chocolates’ Astonishing Stock Surge in 5 weeks!

29 July 2024

The stock market is abuzz with excitement as Lotus Chocolates Ltd. continues to make headlines with its remarkable performance. This blog delves into the reasons behind the company’s soaring stock prices and explores the factors contributing to its unprecedented growth. Recent Stock Performance Shares of Lotus Chocolates Ltd. have been locked in the upper circuit …

NBCC Jumps Over 7% After Subsidiary Secures Rs 411.5 Crore Medical College Project

NBCC Jumps Over 7% After Subsidiary Secures Rs 411.5 Crore Medical College Project

29 July 2024

Shares of state-run NBCC (India) Ltd surged more than 7% on Monday, July 29, reaching an intraday high of Rs 188.80. This boost followed the announcement that its wholly-owned subsidiary, HSCC (India) Limited, secured a significant order worth Rs 411.45 crore. The contract involves the construction of a government medical college and hospital in Maharashtra. …

Big Relief for SpiceJet: Stock Rallies

Big Relief for SpiceJet: Stock Rallies

29 July 2024

SpiceJet has expressed satisfaction with the Supreme Court’s recent decision to dismiss an appeal filed by Kalanithi Maran, challenging a previous High Court ruling in favour of the airline. The High Court had overturned a single-judge order that mandated SpiceJet to pay a substantial sum to Maran as interest on an arbitral award. This latest …

Le Travenues Technology (Ixigo) Stock Performance One Month After Listing

Le Travenues Technology (Ixigo) Stock Performance One Month After Listing

29 July 2024

Le Travenues Technology, better known as ixigo, debuted on the Indian stock exchanges in June 2024. The online travel platform’s IPO garnered interest for its growth potential in the booming travel sector. IPO Performance and Market Demand The issue size of ₹740.10 crore consisted of a fresh issue to raise capital and an Offer for …

Dr Reddy’s Receives Positive CHMP Opinion for Biosimilar Rituximab

Dr Reddy’s Receives Positive CHMP Opinion for Biosimilar Rituximab

29 July 2024

Dr Reddy’s Laboratories announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) had issued a positive opinion recommending the approval of its biosimilar Rituximab candidate, DRL_RI (ITUXREDI®), for the European market. This positive CHMP opinion is a significant milestone for Dr Reddy’s, paving the way for the potential commercialisation …

Rajoo Engineers Delivers Strong Q1 FY25 Performance

Rajoo Engineers Delivers Strong Q1 FY25 Performance

29 July 2024

Rajoo Engineers Limited, a leading plastic extrusion machine manufacturer in India, announced robust financial results for the quarter ended June 30, 2024 (Q1 FY25). Financial Highlights The company recorded a substantial 63.01% year-on-year (YoY) increase in revenue from operations to ₹50.87 crore. This growth was driven by a strong order book, with deliveries scheduled across …

Spandana Sphoorty Records 32% YoY Growth in AUM: Q1 FY2025 Results

Spandana Sphoorty Records 32% YoY Growth in AUM: Q1 FY2025 Results

29 July 2024

Spandana Sphoorty Financial Limited announced its financial results for the quarter ended June 30, 2024 (Q1 FY25), reflecting a mix of strong growth and asset quality challenges. Operational Highlights Asset Under Management (AUM): Demonstrated robust growth, increasing by 32% year-on-year (YoY) to ₹11,723 crore. Disbursements and Customer Acquisition: The company added approximately 2 lakh new …

REC Limited Eyes Offshore Financing with Gujarat Gift City Subsidiary

REC Limited Eyes Offshore Financing with Gujarat Gift City Subsidiary

29 July 2024

REC Limited, a ‘Maharatna’ company under the Ministry of Power, has applied to establish a subsidiary in Gujarat’s Gift City. This move will enable the company to start financing offshore projects. Vivek Kumar Dewangan, Chairman and Managing Director of REC Limited, mentioned in a recent interview following the company’s Q1 FY 2025 earnings release that …

DLF’s Rental Arm Sees 11% Boost in Office Rental Income

DLF’s Rental Arm Sees 11% Boost in Office Rental Income

29 July 2024

DLF Ltd’s rental arm, DLF Cyber City Developers Ltd (DCCDL), reported an 11% increase in office rental income, reaching ₹942 crore in the first quarter of this fiscal year. This growth is attributed to higher demand for its premium office spaces. DCCDL is a joint venture between DLF and Singapore’s sovereign wealth fund, GIC, with …

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