Share Market - Angel One - Page 20

Reliance Power has secured approval to raise up to ₹1,524.60 crore through a preferential allotment of equity shares. The shares will be issued at ₹33 per share, representing a 13% discount to the company’s last closing price. This capital infusion will significantly enhance Reliance Power’s net worth, boosting it from ₹11,155 crore to over ₹12,680 …

Investing in the stock market doesn’t always require a hefty budget. For those looking to grow their portfolios without making a significant initial investment, stocks priced under ₹10 can offer an appealing opportunity. While these stocks come with their own set of risks and rewards, they also provide opportunities for savvy investors. In this blog, …

NLC India Limited (NLCIL), a leading Central Public Sector Enterprise, is committed to aligning its growth strategy with India’s ambitious renewable energy targets. In line with the country’s pledge at COP 26, NLCIL aims to triple its total power generation capacity by 2030, with a significant focus on renewable energy. A 50% Renewable Energy Portfolio …

Orient Technologies Limited reported a robust financial performance for the quarter ending June 30, 2024, demonstrating continued growth and strategic progress. The company’s revenue surged by 27.32% YoY to ₹14,884.68 lakhs, driven by strong execution and new business wins. Key Financial Highlights Revenue: ₹14,884.68 lakhs (up 27.32% YoY) EBITDA: ₹1,365.22 lakhs (up 28.56% YoY) PAT: …

Zydus Lifesciences, a leading global healthcare company, has solidified its presence in the US market through a strategic partnership with Viwit Pharmaceuticals. The agreement grants Zydus exclusive rights to market, distribute, and sell generic versions of GADAVIST™ (gadobutrol injection) and DOTAREM® (gadoterate meglumine injection) in the United States. Viwit will be responsible for the development, …

On September 14, 2024, Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), a fully owned subsidiary of Thermax, secured a repeat order worth ₹516 crore.  This new order is for a 300 MW energy project from an industrial group in Botswana, Southern Africa. This project is part of a larger 600 MW initiative, making Thermax …

On September 14, 2024, Lumax Auto Technologies Limited (LATL), a top supplier of automotive systems and components, announced it would acquire a majority stake in Greenfuel Energy Solutions Private Limited (Greenfuel).  This move marks LATL’s entry into the green and alternative fuels sector, which includes CNG, hydrogen, and other applications, and is expected to grow …

On September 14, 2024, in Mumbai, Suraj Estate Developers Limited (SEDL) held an Extraordinary General Meeting (EGM) where shareholders gave their strong approval for a significant fundraising. The company plans to raise around ₹500 crores through a preferential issue of equity shares and convertible warrants, pending regulatory approval. During the EGM, which was conducted through …

On September 15, 2024, JSW Energy Ltd. announced that its subsidiary, JSW Renew Energy Two Limited, has successfully completed a 300 MW wind power project in Tuticorin, Tamil Nadu. This project, awarded by the Solar Energy Corporation of India (SECI) under Tranche X, is the company’s first greenfield wind power plant for SECI. The new …

Trident has made a name for itself as a major force in a number of industries thanks to its wide array of products. The company’s 6200+ crore annual revenue is proof of its achievements and expansion over time. Trident provides high-quality products that satisfy a range of consumer needs and preferences, from chemicals to home …