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Stocks in news: Gensol Engineering, HCL Tech, Tata Power, NMDC, IndusInd Bank

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[hfe_template id='11223'] [ad_1] Domestic markets traded in a narrow range on Friday and ended almost flat, pausing after two consecutive sessions of gains. In today's session, shares of Gensol Engineering, HCL Tech, Tata Power, NMDC, IndusInd Bank among others will be in focus due to various news developments. HCL Tech Shiv Nadar inked a gift deed to give 47% shareholding of HCL Corp and Vama Delhi each to his daughter Roshni Nadar Malhotra. RailTel RailTel bagged a work order worth Rs 28.29 crore from Northern Railway. Tata Power Tata Power's arm Tata Power Renewable Energy has signed a memorandum of understanding (MoU) with the government of Andhra Pradesh to collaborate on renewable energy projects in the state. JSW Steel Crude Steel Production was up around 12% YoY At 24.07 lakh tonnes versus 21.50 lakh tonnes. Shilpa Medicare US FDA issued a Form 483 with 1 observation for Raichur-based Unit-1 of its arm Shilpa Pharma Lifesciences. ONGC ONGC arm ONGC Petro ...

Stocks in news: Jupiter Wagons, Nestle, RailTel, Bandhan Bank, Godrej Consumer, PG Electropast

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[hfe_template id='11223'] [ad_1] Domestic markets traded within a narrow range on Monday and closed nearly unchanged, resulting in a muted session. In today’s trade, shares of Jupiter Wagons, Nestle, RailTel, Bandhan Bank, Godrej Consumer among others will be in focus due to various news developments and first quarter updates. Jupiter Wagons Jupiter Wagons has set the floor price of its qualified institutional placement (QIP) at Rs 689.47 per equity share. Nestle India FMCG major Nestle India declared an interim dividend of Rs 2.75 per share for FY25. Further, its shareholders have approved for continuation of 4.5% royalty payment to its Swiss parent. Utkarsh SFB The Reserve Bank of India has approved the re-appointment of Govind Singh as MD and CEO of the lender for three years with effect from September 21. Godrej Consumer Godrej Consumer saw a double-digit growth in volumes in the first quarter, while the growth was high single-digits in value terms. Bandhan Bank Band...

PSU railway stocks rally up to 8%. What’s the good news?

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[hfe_template id='11223'] [ad_1] Shares of railway PSU stocks RVNL and IRFC on Tuesday rallied 8% to Rs 322 and 5% to Rs 181 respectively on BSE after the Q4 profit rose while IRCON International shares jumped 8% to a fresh peak of Rs 296 ahead of its Q4 results due today. RVNL shares jumped in reaction to the company posting a 25% year-on-year (YoY) increase in its net profit to Rs 433.32 crore for Q4FY24, while the revenue from operations stood at Rs 6,700.69 crore, up by 17% YoY. The company also announced a dividend of Rs 2. 11 per share for the financial year 2024. Profit for IRFC jumped to Rs 1,717.3 crore for the fourth quarter, up from Rs 1,285.24 crore in the comparable quarter last year. The company’s revenues also witnessed an increase to Rs 6,473.11 crore from Rs 6,193.11 crore in Q4FY23. IRFC announced a dividend of Rs 0.70 per share to its eligible shareholders. IRCON International is set to announce its fourth-quarter results later in the day today. “Pursu...