Author: Market News Desk

Bharat Electronics Ltd. (BEL) posted strong financial results for Q3FY25, with a 47.3% rise in net profit to ₹1,316.06 crore and a 37% increase in revenue. The company’s strong order book and improved operating performance exceeded analysts’ expectations. Bharat Electronics Ltd. (BEL), a leading Navratna Defence Public Sector Undertaking (PSU), has reported robust financial results for the third quarter (Q3) of the financial year 2024-25. The company posted a 47.3% year-on-year (YoY) increase in net profit to ₹1,316.06 crore, driven by strong growth in revenue and operating profit. In Q3FY25, the company’s revenue from operations surged 37% to ₹5,643 crore,…

Azad Engineering secures an ₹811 crore contract with Siemens Energy, boosting its stock by 8%. The contract spans six years and strengthens the company’s position as a key supplier of turbine components. Azad Engineering has also secured another major order from BHEL for high-precision turbine parts. Azad Engineering, a leading player in the manufacturing and supply of high-performance turbine components, witnessed a sharp rise in its stock price after announcing the receipt of a major contract from Siemens Energy Global GmbH & Co. The company’s share price surged more than 8% during intraday trading on Thursday, reaching a high of…

Waaree Energies reports a 296% increase in net profit to ₹493 crore for Q3, with revenue surging by 116%. The company is focusing on solar and green energy sectors for future growth. Waaree Energies Ltd, a leading player in the solar energy sector and a prominent provider of renewable energy solutions, has reported a remarkable 296% increase in net profit for the quarter ended December 31, 2024. The company’s net profit reached ₹492.7 crore, a significant rise from ₹124.5 crore in the same period of the previous year. In addition to the impressive profit growth, the company’s revenue surged by…

Varindera Constructions and Sambhv Steel Tubes have received SEBI’s final approval for their IPOs, with Varindera aiming to raise ₹900 crore and Sambhv targeting ₹440 crore. Funds will be utilized for debt repayment and corporate activities. Varindera Constructions and Sambhv Steel Tubes have received the Securities and Exchange Board of India (SEBI)’s final approval to launch their respective Initial Public Offerings (IPOs). Varindera Constructions plans to raise ₹900 crore, while Sambhv Steel Tubes targets ₹440 crore. The funds raised from both IPOs will primarily be used for debt repayment and various corporate activities. Varindera Constructions is an established Engineering, Procurement,…

Ellenbarrie Industrial Gases, a Kolkata-based firm, receives SEBI approval for its IPO to raise ₹400 crore. The funds will aid debt repayment and plant expansion. Ellenbarrie Industrial Gases Limited, a Kolkata-based company known for producing and distributing a wide range of industrial gases such as oxygen, nitrogen, helium, and medical oxygen, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The company, which caters to several sectors including healthcare, aviation, and industrial manufacturing, aims to raise funds from the Indian stock market to fuel its growth. Founded in Kolkata, Ellenbarrie…

Dr. Agarwal’s Healthcare IPO sees 85% subscription on its last day, with QIB portion fully booked. The company aims to raise ₹3,027.26 crore for debt repayment and expansion. Dr. Agarwal’s Healthcare Ltd, a leading eye care service provider based in Chennai, India, has seen strong demand for its initial public offering (IPO) as it enters the final day of subscription. The company, supported by prominent investors such as Temasek Holdings and TPG, offers a wide range of eye care services, including cataract and refractive surgeries, consultations, and the sale of optical products. With over 190 facilities, the company has established…

Burnpur Cement Ltd. announces a capital reduction on January 30, 2025, as part of its restructuring strategy to optimize its financial position and improve efficiency. Burnpur Cement Ltd., a leading cement manufacturing company based in West Bengal, India, has announced a reduction in its capital as part of its ongoing restructuring efforts. The company, which produces high-quality cement and offers a range of cement products for various construction needs, aims to optimize its financial structure through this move. On January 30, 2025, the company confirmed that it would proceed with the capital reduction process, which is scheduled to be completed…

Siemens Ltd. declares a ₹12 per share dividend on January 30, 2025, reflecting its strong financial performance and commitment to rewarding shareholders. Siemens Ltd., a leading global technology company with a strong presence in India, has announced a dividend of ₹12 per share for its shareholders on January 30, 2025. The company, which operates in various sectors including automation, electrification, and digitalization, is committed to providing value to its investors through consistent performance and strong financial health. Headquartered in Mumbai, Maharashtra, Siemens Ltd. has been a major player in the Indian market, delivering innovative solutions across industries such as manufacturing,…

IRB InvIT Fund announces income distribution on January 30, 2025, as part of its strategy to reward investors and highlight strong infrastructure investment returns. IRB InvIT Fund, an infrastructure investment trust (InvIT) in India, has announced an income distribution to its investors on January 30, 2025. The fund, which primarily focuses on investing in road and toll projects, is managed by IRB Infrastructure Developers Ltd., a leading player in the Indian infrastructure sector. The InvIT allows investors to gain exposure to long-term, stable income streams from infrastructure assets. Headquartered in Mumbai, Maharashtra, IRB InvIT Fund has been offering attractive returns…

Several Indian companies, including Accelya Solutions, Balkrishna Industries, Coforge, HUDCO, and Transport Corporation of India, declare interim dividends on January 30, 2025. On January 30, 2025, multiple Indian companies announced interim dividends, rewarding their shareholders for their strong financial performance. These companies span various industries, from technology and transportation to infrastructure and manufacturing. These interim dividend announcements reflect the strong financial positions of these companies, as they continue to deliver value to their investors and maintain steady growth across their respective industries.