12:28 PMRVNL hits 52-week high on new order win from Central Railways; details here“It is hereby informed that Rail Vikas Nigam Limited has received Letter of Acceptance from Central Railway for “OHE modification work for Up-gradation of existing 1 x 25 kV Electric Traction System to 2 x 25 kV AT Feeding System in Wardha-Ballarshah Section in Nagpur division of Central Railway to meet 3000 MT loading target,” the company said in an exchange filing on Friday.

READ MORE12:19 PMJune quarter results :: Ganesh Housing slumps on weak performance >> Net Profit falls 29% to Rs 114 cr vs Rs161 cr YoY   >> Revenue slips 21% to Rs 214 cr from  Rs 270 cr YoY   >> Ebitda drops 31% to Rs 149 cr from Rs 216 cr YoY   >> Margin contracts to 69.6% from 80% YoY   11:19 AMBudget 2024 :: What Reliance Securities expect from Modi 3.0>> Boost public health expenditure to over 2.5% of GDP expanding healthcare infrastructure, enhancing digital services, and easing compliance burdens.>> Higher allocations for the railway and power sectors, which could lead to increased order conversions and significant opportunities.>> May prioritize rooftop solarisation and incentivise hybrid power projects.>> Key areas likely to receive some benefits could be green hydrogen, battery energy storage systems (BESS), and initiatives to ensure stable and predictable solar and wind tariffs>> Maritime development fund is expected to have a corpus of Rs 15,000 crore to Rs 20,000 crore over seven years>> Single-Window Clearance for real estate sector>> Implement tax reforms and reduce customs duty on telecom equipment11:07 AMDMart stock price rises 4% on robust Q1FY25 results; up 28% in six months“Our revenue for Q1 FY 2025 grew by 18.4 per cent.

Contribution from general merchandise and apparel continued to improve during the quarter and this is reflected in the gross margin uptick (Q1 FY 2025 vs Q1 FY 2024).

We opened 6 new stores during the quarter.

Our total stores stand at 371 as on June 30, 2024,” said Neville Noronha, CEO - managing director of Avenue Supermarts Limited.

READ MORE10:44 AMAurobindo stock at new high, up 5% as board to consider buyback on July 18 Shares of Aurobindo Pharma hit a new high of Rs 1,394, as they rallied 5 per cent on the BSE in Monday’s intra-day trade after the company said its board will meet on Thursday, July 18, 2024 to consider a proposal for buyback of the fully paid-up equity shares of the company. The stock of pharmaceutical company surpassed its previous high of Rs 1,343.85 touched on July 10.

At 10:04 am; Aurobindo was trading nearly 3 per cent higher at Rs 1,363.90, as compared to 0.09 per cent gain in the BSE Sensex.

Read more10:33 AMBrokerages raise target price for HCLTech after solid Q1 performance Shares of HCL Tech zoomed 4.83 per cent at Rs 1635.85 per share on the BSE in Monday’s early morning trade.

This came after the IT services major reported a 20.4 per cent year on year increase in its net profits to Rs 4,257 crore in the April-June Quarter of fiscal year 2024-25.

The profits grew 6.8 per cent sequentially. According to analysts A $69 million gain from the State Street JV’s divestment led to a net profit beat.

Read more10:18 AMALERT :: SRM Contractors wins order worth Rs 278.48 crore>> The company has signed the agreement for EPC Project of NHAI (National Highway Authority of India).>> The work is for Upgradation and strengthening of NashriChenani section from Km.

0.00 to Km.

39.100 of NH-244 via Patnitop in the UT of Jammu and Kashmir under NH(O) on EPC mode