The uptick in the company's stock price follows healthy financial results for the second quarter of FY24, reported on Saturday, November 9, 2024
The fall in the stock price follows the end of the lock-in period for 20 million shares from the company's initial public offering, launched in August this year
The northward movement in the company's stock price came on the back of company's strong financial results for the second quarter of FY25
RVNL stocks gained momentum following the company's announcement that it had emerged as the lowest bidder in two projects worth arpound Rs 5,608 crore (Rs 5,008 crore and Rs 613 crore respectively)
The upward move came following the news that the company announced its partnership with Honeywell Aerospace for the micro vapour cycle system, aimed at improving aircraft cooling technology
Earlier, on November 4, 2024, the company reported a net loss attributable to owners of Rs 0.53 crore in the second quarter of FY25, against a net profit of Rs 4.30 crore reported in the Q2FY24
The decline in stock price came ahead of the company's announcement of its financial results for the second quarter of the current fiscal year, scheduled for today
The uptick comes ahead of the company's ex-dividend date tomorrow, driven by its recent dividend announcement that promises rewards for eligible shareholders
The uptick in the stock price came ahead of the company's board meeting scheduled on Tuesday, November 5, 2024, to consider fund-raising plans of Rs 405 crore
As per the circular released by markets regulator Sebi in October 2017, the listed stocks must be strictly categorised into baskets with a well-defined classification of Largecap, Midcap, and Smallcap
On the BSE, Afcons Infrastructure shares listed at Rs 430.5, reflecting a discount of 7 per cent against the IPO issue price of Rs 463
During the Q2FY25, the company's profit after tax rose by 69 per cent Y-o-Y to Rs 51.5 crore, driven by robust operational growth and increased other income from treasury gains
BSE data reveals that the company has paid interim dividends of Rs 8, and Rs 7 on two different occasions earlier this year
On the National Stock Exchange (NSE), Godavari Biorefineries shares listed at a discount of 12.5 per cent at Rs 308, against the IPO issue price of Rs 352
The IPO comprises a fresh issue of equity shares of face value Rs 10 each of AVTL (equity shares), for an amount aggregating up to Rs 4,000 crore
Waaree Energies shares rebounded 6.53 per cent to Rs 2,497 on the NSE Tuesday, with 0.63 million shares worth Rs 1,553.32 crore traded on the NSE and BSE amidst a weak market
The stock opened at Rs 2,550 on the BSE, reflecting a 69.66 per cent premium over its IPO allotment price of Rs 1,503, while on the NSE, it debuted at Rs 2,500, showing a 66.33 per cent premium
Waaree Energies shares listed at Rs 2,550 on the BSE, reflecting a premium of 69.66 per cent against the IPO allotment price of Rs 1,503
KPIT Technologies shares have dropped nearly 20 per cent in the last one week, and 13.55 per cent in the last one month, and 3.67 per cent year-to-date
The uptick in Hyundai Motor India's stock price follows the initiation of coverage with a bullish outlook by brokerage houses, including Motilal Oswal and Nomura