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Auto ancillary stock falls 10% after company to sell its railway business

Auto ancillary stock falls 10% after company to sell its railway business

Shares of this leading engineering conglomerate in the automobile sector dropped nearly 10 percent after board approval to divest its railway equipment division for a lump sum of Rs. 1,600 crores.  Share price variations:  With a market capitalization of Rs. 39,392.16 crores, Escorts Kubota Ltd. fell to an intraday low of Rs. 3,346.00 representing a [...]
EV stock jumps after receiving order from Chennai MTC for 500 electric buses

EV stock jumps after receiving order from Chennai MTC for 500 electric buses

During Thursday’s trading session, the shares of India’s leading commercial vehicle manufacturer surged nearly 2 percent to Rs. 218.3 on BSE, after the company’s subsidiary secured order for 500 Electric Buses from Metropolitan Transport Corporation (MTC), Chennai.  With a market cap of Rs. 63,515 crores, at 12:01 p.m., the shares of Ashok Leyland Limited were [...]
Smallcap stock jumps 18% after reporting 124% QoQ increase in net profits

Smallcap stock jumps 18% after reporting 124% QoQ increase in net profits

The share price of this prominent credit rating agency in India jumped by 16 percent on Thursday, driven by an impressive 124 percent quarter-on-quarter increase in net profits. This rise was also bolstered by strong revenue growth reported in its most recent quarterly results.  Share Price Movement  In Thursday’s trading session, CARE Ratings Ltd share [...]
The Pros and Cons of Remote Work in South Asia: What You Should Know Before You Decide

The Pros and Cons of Remote Work in South Asia: What You Should Know Before You Decide

The remote work trend has experienced tremendous growth in India, revolutionizing the way professionals approach their careers. With the rise of digital platforms and technological advancements, many Indian workers now have the opportunity to work from the comfort of their own homes, collaborating with companies both within the country and internationally. This shift offers newfound [...]
Auto stock jumps 11% after company forays into railways sector

Auto stock jumps 11% after company forays into railways sector

The shares of the automotive component manufacturer gained up to 11 percent after the company set to enter the railways component sector by acquiring Escorts Kubota Ltd’s railway equipment division.  With a market capitalization of Rs 43,733.25 crore, the shares of Sona BLW Precision Forgings Ltd were trading at Rs 706.80 per share, increasing around [...]
Pharma stock jumps 14% after reporting 810% YoY increase in net profits

Pharma stock jumps 14% after reporting 810% YoY increase in net profits

The share price of a major integrated private healthcare service provider in the GCC climbed by 14 percent on Thursday, fueled by an impressive 810 percent year-over-year increase in net profits. This surge was further supported by robust revenue growth reported in its latest quarterly results.  Share Price Movement  During Thursday’s trading session, Aster DM [...]
Navratna stock jumps after signing MOA with NMDC Limited for Project Management Consultancy

Navratna stock jumps after signing MOA with NMDC Limited for Project Management Consultancy

The shares of this public-sector enterprise gained up to 1 percent after the company entered a Memorandum of Agreement (MoA) with NMDC Limited.  With a market capitalization of Rs 14,185.02 crore, the shares of Rites Ltd were trading at Rs 295.15 per share, increasing around 0.72 percent as compared to the previous closing price of [...]