Share Market News

REC Q1 FY25 reports PAT rose 16.7% YoY | NSE: RECLTD Stock to Watch

2024-07-28 by Vivek Sharma

REC Limited, a public Infrastructure Finance Company in India, has announced its Q1 FY25 results, showcasing a strong financial performance. Rural Electrification Corporation (REC) Limited, reported a 16.57% rise in consolidated net profit for Q1 FY25, reaching ₹3,460.19 crore. This growth is primarily attributed to higher revenues during the quarter. Financial Highlights: Consolidated Net Profit: Read more: REC Q1 FY25 reports PAT rose 16.7% YoY | NSE: RECLTD Stock to Watch..

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

2024-07-272024-07-27 by Vivek Sharma

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%

2024-07-262024-07-26 by Vivek Sharma

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%..