The rise in the share price came after the company announced that it has secured an order worth Rs 114.30 crore from Coastal Energen Private Limited.
The uptick in the pharma company's stock price came after it posted a healthy set of numbers in the June quarter of financial year 2025 (Q1FY25).
The company's profit rose 36 per cent year-on-year (Y-o-Y) to Rs 22.1 crore in Q1FY25, from Rs 16.1 crore in the same quarter last year (Q1FY24).
At 6:41 AM, GIFT Nifty futures were down 369 points, trading at 24,342.50, suggesting a gap-down start.
IEX witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.
The company's standalone revenue rose 11.2 per cent year-on-year (Y-o-Y) to Rs 27,132.8 crore in Q1FY25, as opposed to Rs 24,402.9 crore in Q1FY24.
The Nifty-50 is expected to deliver 12% earnings growth in FY25 over a high base of FY24 (+26 per cent Y-o-Y), said Khemka.
The uptick came after the company said it has launched a high rise tower, Wembely-24, which has Ground plus 60 floors. It stands as the tallest tower in Majiwada, Thane
The fall came after investors flocked to book profit after the stock rallied 58 per cent in the past one month
The stock rose after the company announced that it has bagged an order worth Rs 514.55 crore
The uptick in the stock price came after the company announced a strong set of June toll revenue collections
The uptick in stock price came after BGR Energy announced that it plans to raise up to Rs 1,000 crore via rights issue of equity shares
Second straight quarter of near double-digit growth
Analysts attributed this outlook to India's burgeoning real estate sector recovery and robust infrastructure developments, which are driving demand for plastic pipe manufacturers like Prince Pipes
The uptick in the share price came after the company announced that its board has approved raising of funds worth up to Rs 1,000 crore
The benchmark Sensex hit a new all-time high of 76,738.89, while the Nifty50 surpassed the 23,300-mark to reach 23,338.70
NIFTY 50 index futures were up about 2.6 per cent in early trade, according to NSE International Exchange data
After peaking near the Rs 153 mark on May 22, 2024, SJVN experienced a significant downturn, with a decline of approximately 22 points, equating to roughly 14-15 per cent
Stock Market Highlights on May 31: Sensex, and Nifty indices closed up to 0.19 per cent higher ahead of exit polls, Q4FY24 GDP data
The company's revenue (topline) grew 9.6 per cent to Rs 4,461.2 crore in the March quarter of FY24, from Rs 4,070.2 crore in the March quarter of FY23