Borosil Renewables’ stock dropped 5% to ₹472 following its Q3FY25 earnings report, which revealed a net loss of ₹30 crore and a notable decline in EBITDA. The company cited challenges from falling ex-factory prices and rising competition due to cheaper imports. Shares of Borosil Renewables, a leading solar glass manufacturer and a subsidiary of the … Read more
The company’s IPO attracted significant attention as it aimed to tap into the public market for funding. However, despite the interest surrounding the offering, the grey market price (GMP) for the issue has been indicating that the stock may list with only a marginal premium, suggesting a more subdued market response upon its listing. The … Read more
Manappuram Finance saw a sharp rise in its share price, gaining over 8% after exiting the Futures & Options (F&O) ban list. The stock opened at ₹182.05 and climbed to an intraday high of ₹193.60. This movement indicates increased market activity and heightened investor interest following the stock’s removal from the restriction list. Manappuram Finance … Read more
State-owned Rail Vikas Nigam Ltd (RVNL) released its financial results for the third quarter of FY25 on Friday, February 14, 2025, reporting a year-on-year (YoY) decline in net profit, revenue, and EBITDA. The company’s subdued financial performance during the quarter reflects challenges in its operational efficiency and revenue generation. Drop in Net Profit and Revenue … Read more