Voltas has incorporated Universal MEP Contracting L.L.C. in Dubai as a wholly-owned subsidiary of Universal MEP Projects Pte. Limited. The new entity will focus on Mechanical, Electrical, and Plumbing (MEP) projects, the company said in a press release on the stock exchanges. Details of Voltas’ New Step-Down Subsidiary The newly incorporated subsidiary will engage in …
UltraTech Cement’s share price traded 0.68% lower at ₹11,343.30 at 12:20 PM on the NSE. The stock opened at ₹11,251, lower than ₹11,420.90 at its previous close. The stock had gained more than 7.5% in the previous four trading sessions. Q3 FY25 Financial Details UltraTech Cement reported a 3% year-on-year (YoY) increase in revenue, reaching ₹17,193 …
Tejas Networks’ share price traded 0.27% lower at ₹1,005.55 at 1:00 PM on the NSE. The stock opened at ₹1,047.55, lower than ₹ 1,096.25 at its previous close. The company released it Q3 FY25 earnings result yesterday. Q3 FY25 Financial Details Tejas Networks’ posted a net profit for the December quarter, reversing the loss from the …
Kotak Mahindra Bank, a private lender, announced that it has successfully acquired Standard Chartered’s ₹3,330-crore personal loan portfolio after receiving regulatory approvals and fulfilling required conditions, the company said in a press release on the stock exchanges. The transaction was finalised on January 23, 2025. Kotak Expands Retail Loan Portfolio The portfolio consists of standard …
Mankind Pharma’s Q3 FY25 revenue rises 24% to ₹3,230 crore, driven by a 30% growth in the OTC segment and 121% surge in exports. However, net profit dips 16% to ₹380.2 crore due to regulatory challenges, the company said in a press release on the stock exchanges. Q3 FY25 Result Details The company’s EBITDA surged …
Mastek shares will trade ex-dividend today, January 24, 2025. The company declared a dividend of ₹7 per share, with the announcement made on January 16, 2025. Eligible shareholders will receive the payout. Corporate Action History Announced Date Ex-Date Dividend (₹) January 16, 2025 January 24, 2025 7 April 26, 2024 September 18, 2024 12 January …
Tech Mahindra will merge its three wholly owned subsidiaries, PPIPL, PDSIPL, and TMCPL, into the parent company. This move aims to improve operational efficiency, reduce costs, and streamline compliance processes. Overview of Tech Mahindra’s Strategic Merger Tech Mahindra Limited, a prominent player in the Information Technology industry, is set to merge three of its wholly …
As we enter February 2025, identifying stocks with strong long-term growth potential remains a key focus for investors. The market offers a variety of companies across different sectors, each with unique strengths and challenges. This article explores some of the top stocks, highlighting their financial health and growth trajectories. Check the best long-term stocks in …
Dr. Reddy’s Laboratories Limited announced its consolidated financial results for the quarter and nine months ended December 31, 2024. Post the announcement, on January 24, 2025, Dr. Reddy’s share price (NSE: DRREDDY) opened at ₹1,229.95, down from its previous close of ₹1,289.40. At 9:45 AM, the share price of Dr. Reddy’s was trading at ₹1,235.60, down by …
Hindustan Petroleum Corporation (HPCL) shares rose by 4.9% to ₹380 on Friday, hitting an intraday high. The stock’s increase followed the announcement of a significant rise in the company’s quarterly net profit. Profit Surge and Revenue Growth HPCL’s net profit surged 257% year-on-year (Y-o-Y) to ₹2,544 crore in Q3, compared to ₹712.84 crore last year. …
