Tue, Nov 5, 2024 9:15 AM
Exide Industries shares in focus after Q2 profit drops 14%
A Flip by Shubhangi Gupta
Rail Vikas Nigam Limited‘s shares surged on Tuesday after the company emerged as the lowest bidder for a project in South Central railway. What Happened: RVNL on Monday announced it became the lowest bidder for an Engineering, Procurement and Construction (EPC) contract from South Central Railway. The project involves doubling the track between Parbhani to Parli stations in Maharashtra.
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As almost half of NSE100 companies that have released their September quarter results have missed expectations by over 4%, global brokerage firm Bernstein has predicted a further decline in the Indian stock market. Asking investors to acknowledge the slowdown, the brokerage said earnings misses have been a secular trend across sectors, barring banks which are helped by larger names.
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Stock Market Today: Shares of Tilaknagar Industries surged 11% to ₹322.75 apiece in early morning trade on Tuesday, November 5, following the company’s impressive results for the September quarter and its achievement of net debt-free status. The company reported revenue of ₹823.3 crore for the second quarter of FY25 (Q2 FY25), reflecting a quarter-over-quarter (QoQ) improvement of 9.7%.
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