Financial News
ABB India Shares Edge Up; Partners with SAIL to Digitally Transform Steelmaking at Rourkela Plant
ABB India is trading at RS. 5938.35, rising by 51.40 points or 0.87% from its previous close of RS. 5886.95 on the BSE.
The stock opened at RS. 5881.50 and recorded a high of RS. 5956.00 and a low of RS. 5830.00 during the session. A total of 9889 shares have been exchanged on the counter so far.
The BSE Group 'A' stock, with a face value of RS. 2, hit a 52-week high of RS. 9200.00 on June 18, 2024, and a 52-week low of RS. 4590.05 on April 7, 2025. Over the past week, the stock traded between RS. 5956.00 and RS. 5705.15. The company's market capitalization currently stands at RS. 125872.52 crore.
Promoters hold 75.00% of the company's shares, while institutional and non-institutional investors hold 17.30% and 7.70%, respectively.
In a significant development, ABB India has signed a Memorandum of Understanding (MoU) with Steel Authority of India (SAIL) to digitally optimize ironmaking and steelmaking operations at the Rourkela Steel Plant in Odisha. As part of the partnership, SAIL will share operational data with ABB India to develop data-driven models and create digital twins of blast furnaces and basic oxygen furnaces in the steel melt shop.
This collaboration aims to address challenges in the steel industry, such as stricter environmental norms, rising costs, and the need for operational excellence. Rourkela Steel Plant produced 4.08 million tons of saleable steel in FY 2024-25, and SAIL targets an increase to 9 million tons by 2030.
ABB India will leverage its expertise in automation and digitalization to help improve efficiency, sustainability, and cost-effectiveness in steel production.
ABB India is a global technology leader committed to advancing productivity and sustainability across industries through innovative solutions.
Banco Products Hits Upper Circuit at RS. 495.15 After Robust Q4 Earnings Surge
Banco Products (India) shares have hit the upper circuit limit at RS. 495.15, marking a sharp rise of RS. 82.50 or 19.99% from its previous close of RS. 412.65 on the BSE.
The stock opened at RS. 480.00 and recorded an intraday high of RS. 495.15 and a low of RS. 469.00. A total of 1,70,852 shares have been traded so far.
Classified under BSE group 'B', the stock has a face value of RS. 2 and has touched a 52-week high of RS. 594.80 on November 25, 2024, and a 52-week low of RS. 258.55 on June 4, 2024. Over the past week, the stock's high and low stood at RS. 495.15 and RS. 381.50 respectively. The current market capitalization is RS. 7082.49 crore.
The shareholding pattern reveals promoter ownership at 67.88%, while institutional and non-institutional investors hold 4.05% and 28.07% respectively.
The stock rally follows the company’s impressive quarterly performance. Banco Products reported over two-fold growth in net profit at RS. 137.33 crore for Q4FY25, compared to RS. 53.38 crore in the same quarter of the previous year. Total income for the quarter rose 40.60% to RS. 410.28 crore from RS. 291.80 crore year-on-year.
On a consolidated basis, net profit surged to RS. 153.50 crore in Q4FY25, more than double the RS. 68.16 crore reported a year ago. Total consolidated income rose 22.34% to RS. 893.44 crore from RS. 730.31 crore in the same quarter last year.
For the full year ended March 31, 2025, standalone net profit rose 4.32% to RS. 266.26 crore from RS. 255.23 crore in the previous year, while total income increased 8.26% to RS. 1,249.02 crore from RS. 1,153.72 crore.
On a consolidated basis for FY25, the company reported a 44.36% jump in net profit to RS. 391.80 crore from RS. 271.40 crore in FY24, with total income increasing 16.01% to RS. 3,255.54 crore from RS. 2,806.16 crore.
Zen Technologies Hits Upper Circuit on Strong Q4 and FY25 Earnings Performance
Zen Technologies shares hit the upper circuit limit on the BSE, trading at RS. 1884.45, up by 89.70 points or 5.00% from its previous close of RS. 1794.75.
The stock opened at RS. 1884.45 and maintained that level throughout the session, touching a high and low of RS. 1884.45. A total of 9005 shares have been traded so far.
Classified under BSE group 'A', the stock with a face value of RS. 1 reached a 52-week high of RS. 2627.95 on December 24, 2024, and a 52-week low of RS. 893.80 on June 5, 2024. In the past week, the scrip has ranged between RS. 1884.45 and RS. 1476.65. The current market capitalization of the company stands at RS. 17014.77 crore.
The company’s shareholding pattern includes 49.05% held by promoters, 15.42% by institutional investors, and 35.53% by non-institutional investors.
Zen Technologies reported a more than two-fold increase in its standalone net profit for the fourth quarter ended March 31, 2025, at RS. 84.92 crore, compared to RS. 33.04 crore in the same period last year. Its total income rose significantly to RS. 317.85 crore in Q4FY25 from RS. 138.04 crore in Q4FY24.
On a consolidated basis, Q4FY25 net profit surged over three times to RS. 113.75 crore from RS. 37.59 crore a year ago. Consolidated total income also jumped over two-fold to RS. 349.74 crore from RS. 144.05 crore during the same period.
For the full year ended March 31, 2025, Zen Technologies posted a standalone net profit of RS. 262.95 crore, more than double the RS. 129.23 crore reported in FY24. Its total income for FY25 rose to RS. 988.45 crore from RS. 444.21 crore in the previous year.
On a consolidated basis, the company’s net profit for FY25 stood at RS. 299.33 crore, more than twice the RS. 129.50 crore recorded in FY24. Consolidated total income for the year reached RS. 1032.03 crore, up from RS. 454.77 crore in FY24.
GTV Engineering Shares Gain After Securing L&T Order Worth RS. 32.21 Crore
GTV Engineering is currently trading at RS. 838.00, up by 11.90 points or 1.44% from its previous close of RS. 826.10 on the BSE.
The stock opened at RS. 845.00 and touched an intraday high and low of RS. 845.00 and RS. 837.00 respectively, with 188 shares traded so far.
Classified under BSE group 'X', the stock with a face value of RS. 10 has reached a 52-week high of RS. 847.75 on May 19, 2025, and a 52-week low of RS. 395.00 on August 12, 2024. In the last week, it recorded a high of RS. 847.75 and a low of RS. 719.90. The company's market capitalization currently stands at RS. 258.06 crore.
The promoter shareholding in the company is 64.44%, while non-institutional investors hold the remaining 35.56%.
GTV Engineering has bagged a significant order from Larsen & Toubro for the supply of all Lower and Middle Fabricated Housings required for NTPC’s Gadarwara (3200MW) and Nabinagar (1000MW) Thermal Power Projects. The project is to be completed within 18 months, adhering to all technical specifications and terms outlined in the purchase order. The total contract value is RS. 32.21 crore, excluding GST.
GTV Engineering specializes in hi-tech heavy steel fabrication and machining, operating as a subcontractor for major engineering firms and executing several key infrastructure projects across power, mineral, cement, railways, and metro sectors.
Dynacons Systems Gains After Securing RS. 18.84 Crore CTS Scanner Order from Bank of Baroda
Dynacons Systems & Solutions is trading at RS. 1195.90, up by 10.50 points or 0.89% from its previous close of RS. 1185.40 on the BSE.
The stock opened at RS. 1198.00 and has registered a high of RS. 1210.00 and a low of RS. 1176.65 so far. A total of 1091 shares have been traded on the counter today.
Classified under BSE group 'B', the stock has a face value of RS. 10. It has touched a 52-week high of RS. 1730.00 on August 26, 2024, and a 52-week low of RS. 929.20 on April 7, 2025. In the past week, the scrip has seen a high of RS. 1213.70 and a low of RS. 1077.35. The company currently commands a market capitalization of RS. 1530.67 crore.
Promoter shareholding in the company stands at 60.95%, with institutions holding 0.43% and non-institutions 38.63%.
In a major development, Dynacons has bagged an RS. 18.84 crore order from Bank of Baroda for supplying CTS Scanners. The order involves providing scanners for BOB’s sponsored Regional Rural Banks (RRBs) and subsidiaries, including installation and integration with the CTS application used by these banks.
The entire project is expected to be implemented within 8 weeks from the issuance of the purchase order. The contract also includes installation and comprehensive maintenance with SLA-based support for a duration of five years.
Dynacons Systems & Solutions specializes in IT infrastructure services, including consulting, design, system integration of large-scale networks and data centers, software and hardware supply, and facilities management across multiple locations for domestic clients.
Page Industries Stock Rises as New Odisha Facility Begins Operations
Page Industries is currently trading at RS. 48204.95, up by 127.35 points or 0.26% from its previous close of RS. 48077.60 on the BSE.
The stock opened at RS. 48643.70 and registered a high and low of RS. 48643.70 and RS. 48060.00 respectively. A total of 82 shares have been traded so far.
This BSE group 'A' stock, with a face value of RS. 10, recorded its 52-week high at RS. 49933.15 on December 17, 2024, and a 52-week low at RS. 34570.10 on May 24, 2024. Over the past week, the scrip has seen a high of RS. 48800.00 and a low of RS. 45890.00. The company’s current market capitalization stands at RS. 53795.13 crore.
Promoters hold a 42.89% stake in the company, while institutional investors and non-institutional investors hold 52.19% and 4.92% respectively.
Page Industries has commenced commercial operations at its new manufacturing facility located in Ramdaspur Village, Cuttack District, Odisha, on May 19, 2025. The facility spans 650,000 sq. ft. and houses a raw material warehouse, a men’s innerwear production unit, and specialized sections for socks and elastic manufacturing.
Established in 1995, Page Industries introduced the iconic innerwear brand 'Jockey' to India, pioneering the segment with innovation and market leadership.
JSW Energy Gains Over 1%; Board Approves Fundraising of Up to RS. 10,000 Crore
JSW Energy is trading at RS. 492.60, up by 5.30 points or 1.09% from its previous close of RS. 487.30 on the BSE.
The stock opened at RS. 494.60 and has touched an intraday high of RS. 497.00 and a low of RS. 482.10. A total of 1,28,789 shares have changed hands on the counter so far.
A BSE group 'A' stock with a face value of RS. 10, JSW Energy touched a 52-week high of RS. 804.95 on September 24, 2024, and a 52-week low of RS. 419.10 on February 17, 2025. Over the past week, it recorded a high of RS. 497.00 and a low of RS. 470.55. The company's current market capitalization is RS. 85,815.43 crore.
Promoter holding in the company stands at 69.26%, while institutions hold 24.37% and non-institutional investors account for 6.37%.
JSW Energy’s Board of Directors, at its meeting held on May 15, 2025, approved a proposal to raise up to RS. 10,000 crore in one or more tranches. The fundraising may be conducted through private offerings, preferential allotments, qualified institutional placements, or other permitted methods, subject to necessary regulatory and statutory approvals.
Part of the diversified JSW Group, JSW Energy is a fast-growing power company with interests in carbon steel, power, mining, industrial gases, port infrastructure, aluminium, cement, and information technology.
Brigade Enterprises Stock Gains Over 3% as Annual Profit Surges 69.68% on Consolidated Basis
Brigade Enterprises is currently trading at RS. 1104.05, up by 39.35 points or 3.70% from its previous close of RS. 1064.70 on the BSE.
The stock opened at RS. 1070.00 and hit an intraday high of RS. 1120.00 and a low of RS. 1056.85. A total of 4116 shares have been traded so far.
A BSE group 'A' stock with a face value of RS. 10, Brigade Enterprises touched a 52-week high of RS. 1451.90 on June 25, 2024, and a 52-week low of RS. 812.85 on April 7, 2025. Over the past week, the scrip recorded a high and low of RS. 1120.00 and RS. 1025.05, respectively. The company’s market capitalization now stands at RS. 27034.91 crore.
Promoters hold a 41.14% stake in the company, while institutional and non-institutional investors hold 43.08% and 15.78% respectively.
For the quarter ended March 31, 2025, Brigade Enterprises reported a 29.69% year-on-year rise in standalone net profit at RS. 208.04 crore compared to RS. 160.41 crore in the same quarter last year. However, its total income declined by 25.52% to RS. 683.82 crore from RS. 918.07 crore in Q4FY24.
On a consolidated basis, net profit rose by 18.25% to RS. 249.35 crore in Q4FY25 from RS. 210.86 crore in the corresponding quarter of the previous year. Total income, however, fell by 13.07% to RS. 1,532.29 crore compared to RS. 1,762.62 crore in Q4FY24.
For the full financial year ended March 31, 2025, standalone net profit surged 43.09% to RS. 455.30 crore from RS. 318.19 crore a year earlier. Total income for the year rose 7.20% to RS. 2,384.06 crore, up from RS. 2,224.00 crore in FY24.
On a consolidated level, the company posted a 69.68% jump in net profit at RS. 680.47 crore for FY25, compared to RS. 401.04 crore in FY24. The total consolidated income increased by 4.92% to RS. 5,313.54 crore from RS. 5,064.15 crore in the previous year.
Medico Remedies Gains Over 2%, Begins Work on New Manufacturing Plant
Medico Remedies is currently trading at RS. 54.74, up by 1.52 points or 2.86% from its previous close of RS. 53.22 on the BSE.
The stock opened at RS. 52.20 and has recorded a high and low of RS. 54.74 and RS. 52.20 respectively. A total of 6018 shares have been traded so far.
Classified under BSE group 'B', the stock has a face value of RS. 2 and has touched a 52-week high of RS. 79.78 on February 6, 2025, and a 52-week low of RS. 35.00 on June 5, 2024. Over the past week, the scrip has traded between RS. 56.00 and RS. 50.33. The company currently holds a market capitalization of RS. 453.26 crore.
The promoter shareholding stands at 63.79%, while institutional and non-institutional investors hold 0.13% and 36.08% respectively.
Medico Remedies has commenced the construction of a new manufacturing facility for producing B lactam tablets, capsules, dry syrups, and injections, including formulations like amoxycillin and clavulanic acid. The upcoming plant will have a production capacity of 25 million tablets, 45 million capsules, 10 million dry syrups, and 10 million injectables. The total investment for this expansion is estimated at RS. 30 crore, and the full capacity is expected to be operational within 2 years.
The facility is being developed in accordance with PIC/S (Pharmaceutical Inspection Co-operation Scheme) guidelines and is projected to add approximately RS. 25 crore in annual revenue upon receiving all necessary approvals.
Medico Remedies is a prominent manufacturer and exporter of pharmaceutical formulations such as tablets, capsules, and suspensions.
Ahasolar Technologies Gains Nearly 2%, Bags Consultancy Order from GUDA
Ahasolar Technologies is trading at RS 113.95, up by 2.20 points or 1.97% from its previous close of RS 111.75 on the BSE.
The stock opened at RS 113.95 and recorded the same as its high and low for the day. So far, 400 shares have been traded on the counter.
Classified under the BSE group 'MT' with a face value of RS 10, the stock has seen a 52-week high of RS 537.45 on July 29, 2024, and a 52-week low of RS 85.65 on April 1, 2025. Over the past week, it has moved between RS 113.95 and RS 109.20. The company's current market capitalization stands at RS 34.44 crore.
Promoters hold a 36.95% stake in the company, while non-institutional investors account for 63.05%.
In a recent development, Ahasolar Technologies has received a work order from the Gujarat Urban Development Company (GUDA) for consultancy services across 48 locations. The scope includes preparing pre-feasibility reports, conducting site surveys, technical assessments, and financial analysis for setting up grid-connected solar photovoltaic projects across various locations in Gujarat. The order is valued at approximately RS 11.76 lakh and is to be executed within four months.
Ahasolar Technologies operates in the CleanTech sector, promoting energy transition through digital transformation and supporting the widespread adoption of renewable energy solutions.