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Shares of Eicher Motors, the manufacturer of Royal Enfield, surged 7.5% to a high of Rs 4,934.50 on the BSE on Thursday, following the companys announcement of an 8% increase in standalone net profit, reaching Rs 1,010 crore for the quarter ending September 2024.
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Varun Beverages' shares rose 5% after the company launched a qualified institutional placement (QIP) to raise Rs 7,500 crore. The floor price for the issue is set at Rs 594.56 per share, representing a 1.5% discount. This move comes as the company reported a 22.3% rise in net profit for the third quarter, reaching Rs 628.83 crore.
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Nalco share Price: National Aluminium Company (Nalco) witnessed a remarkable five-fold surge in its consolidated profit for the September quarter, reaching Rs 1,045.97 crore, driven by robust revenue growth. The company's board has announced an interim dividend of Rs 4 per share. Nalco's shares, despite a recent dip, have shown impressive growth this year.
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Tata Power subsidiary completed a large floating solar project in Madhya Pradesh. The 126 MW project uses over 200,000 solar modules. It generates a significant amount of energy and reduces carbon emissions. The project overcame challenges like fluctuating water levels. It supplies power to the Madhya Pradesh Power Transmission Company.
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Vodafone Idea reported a smaller net loss of Rs 7,176 crore in Q2 FY25, helped by revenue growth and tariff hikes. Despite this, the telco's subscriber base shrunk due to the price increases. Vodafone Idea's future hinges on securing debt funding, as highlighted by analysts.
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