Railway-related stocks saw a notable rally of up to 11% in Thursday’s intraday trade on the BSE, driven by heavy trading volumes. The surge follows expectations of a higher capital expenditure (capex) allocation for the railway sector in the Budget 2025-26. Top Performers Stocks such as Transrail Lighting, Rail Vikas Nigam Limited (RVNL), IRCON International, …
On January 16, 2025, CEAT share price slipped over 6% and touched the day low of ₹2840 at 09:55 AM after opening at ₹2949.95 on BSE. The fall in CEAT share price follows the company’s release of Q3FY25 results, wherein it reported consolidated revenue of ₹3,299.9 crore, marking an 11.4% year-on-year growth. CEAT Q3 FY25 Performance The …
Praj Industries shares surged by up to 7% and touched the day high of ₹790.80 on January 16. The gain in Praj Industries shares came ahead of the Union Cabinet meeting and its anticipated decisions later in the day. According to CNBC Awaaz, a potential move to raise ethanol prices is expected. Increase in Ethanol Prices The …
On January 16, 2025, the Bank of Maharashtra share price rebounded by approximately 2% following the previous day’s decline, reaching a high of ₹52.75 at 10:15 AM. The recovery in Bank of Maharashtra share price came after the release of Q3FY25 results, which showed strong growth in net profit and stable asset quality. The bank’s Net Interest …
On January 16, 2025, Transrail Lighting shares rose over 6%, reaching the day’s high of ₹662.90 after opening at ₹627.65 at 11:05 AM. The gain in Transrail Lighting shares came after the company released its Q2FY25 earnings. During the period, the company reported a 19.07% year-on-year increase in consolidated profit after taxes (PAT), rising to ₹55.11 crore …
India’s IT giant Tata Consultancy Services (TCS) has set Jan 17, 2025, as the record date for its 3rd interim dividend for FY25. On January 9, 2025, TCS declared an interim dividend of ₹10 and a special dividend of ₹66 per Equity Share. The company further stated that the interim dividend and the special dividend …
January 16, 2025, marks the critical juncture for the prolonged dispute among members of the Kirloskar family. The Securities and Exchange Board of India (SEBI) directive is at the center of the dispute, which mandates Kirloskar Oil Engines Limited (KOEL) to disclose a 2009 Deed of Family Settlement (DFS). The case highlights the tension between …
Azad Engineering Limited, established in 1983 and headquartered in Hyderabad, India, is a distinguished manufacturer renowned for its expertise in precision-engineered components catering to the aerospace, defence, energy, and oil & gas industries. Signed Agreement with GE Vernova In a significant development, Azad Engineering has secured a prestigious long-term supply agreement with GE Vernova International …
Alembic Pharmaceuticals Limited, founded in 1907, stands as a premier, research-driven pharmaceutical company headquartered in India and publicly listed. Renowned for its expertise in branded generics, Alembic excels in the production and global distribution of high-quality generic medicines. Its state-of-the-art research and manufacturing facilities are endorsed by leading regulatory authorities, including the US Food and …
On January 16, 2025, the BSE Sensex and NSE Nifty50 closed higher for the third straight session. The Sensex gained 318.74 points (0.42%) to finish at 77,042.82, moving between 76,895.51 and 77,319.50 during the day. The Nifty50 also ended in the green, rising 98.60 points (0.42%) to settle at 23,311.80. It touched a high of …
