Power Grid Corp Q1 reports 3.5% increase in profit as expenses fall – Stock to Watch

Power Grid Corp Q1 reports 3.5% increase in profit

Power Grid Corporation of India, the state-run power transmission major, has reported a 3.5% increase in consolidated net profit for the first quarter of fiscal year 2025. The profit rose to ₹3,724 crore, compared to ₹3,597 crore in the same period last year. This increase was mainly driven by a fall in expenses, despite a Read more: Power Grid Corp Q1 reports 3.5% increase in profit as expenses fall – Stock to Watch..

Sanstar IPO: Sanstar Share missed the expected listing gains of 30-35%

Sanstar IPO: Sanstar Share missed the expected listing gains

Sanstar Ltd. had a positive listing day but performed below the high expectations of the market participants. Overall, a positive debut, but did not reach the anticipated listing gains of 30-35% of some analysts. Sanstar successfully launched its initial public offering (IPO) on 19 July’ 2024, raising funds for capacity expansion, working capital requirements, and Read more: Sanstar IPO: Sanstar Share missed the expected listing gains of 30-35%..

SK hynix to Investment $6.8 billion for construction of FAB and Semiconductor Cluster

SK hynix to Invest $6.8 billion

SK hynix, a supplier of high bandwidth memory (HBM) chips to Nvidia, has announced a $6.8 billion investment to construct a new chip manufacturing plant in Yongin, South Korea. Construction is set to commence in March 2025, with completion targeted for May 2027. This investment is part of SK hynix’s broader plan to invest 103 Read more: SK hynix to Investment $6.8 billion for construction of FAB and Semiconductor Cluster..