Upcoming IPO: Sanathan Textiles Ltd and Rubicon Research Ltd has been issued final observation by the Securities and Exchange Board of India (SEBI), allowing them to raise funds through an initial public offering (IPO). Sanathan Textiles refiled its IPO documents to SEBI on August 20, 2024, while Rubicon Research filed draft papers on August 1, 2024.
Open FlipAccording to the corporation, sales totalled 37,56,088 units from April to October of 2024 for the current fiscal year. With 34,34,539 units sold domestically and 3,21,549 units exported, this sum demonstrates the company’s robust demand in both home and foreign markets. With a total of 5,97,711 units sold in October, Honda Motorcycle & Scooter India saw strong sales increase.
Open FlipGAIL India’s shares rose almost 7% to an intra-day high of Rs 209.99 after the company reported a 10% increase in Q2 net profit. The company reported a net profit of Rs 2693.55 crore in Q2, up 10.21% on year, compared to Rs 2444.05 crore during the previous quarter of the last fiscal. GAIL India’s sales rose 2.74% to Rs 33,888.90 crore in the Q2 FY25 against Rs 32,985.69 crore.
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