Mon, Nov 25, 2024 10:03 AM
Railway PSUs RITES, RVNL jump over 10% on large order updates
A Flip by Avya Verma
ICICI Lombard General Insurance acquired a 0.19% stake in HDFC Life Insurance for ₹233 crore, increasing its presence in the life insurance market. ICICI Lombard reported a 20.2% net profit growth in Q2 FY25, driven by a 10.4% increase in Gross Direct Premium Income, outpacing the industry growth rate.
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J Kumar Infra shares surge 16% to a 21-week high after the BJP-led alliance's win in the Maharashtra state elections, driven by optimism in infrastructure development, with analysts expecting a significant improvement in the capex cycle in the second half of the fiscal year, benefiting EPC firms like J Kumar Infra.
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At around 10.24 AM, Zee Entertainment was trading 2.40% higher at ₹119.98, against the previous close of ₹117.17 on NSE. The counter touched an intraday high and low of ₹120.96, and ₹118.78, respectively. This happned post CEO, Punit Goenka, who resigned as managing director (MD) last week, has withdrawn his approval for re-appointment as MD, which was earlier suggested for approval at the AGM.
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