![]() ![]() Net profit for the wagon manufacturer jumped over twofold on year to Rs 48 crore while revenue surged 131 percent to Rs 974.21 crore in FY23. As for the QIP route, sentiment for the stock may improve if the company decides on a floor price that is at a premium to the current market price of the stock. The fund raise will be done either through a rights issue, preferential share issue, or the qualified institutional placement of equity shares. | CMP Rs 395.40 | Shares of Titagarh Wagons surged nearly 5 percent to a 52-week high in early trade June 8, a day after the company said it will consider a proposal to raise funds on June 10. As part of the order scheduled to be commissioned by 2024, Inox Wind will supply and install 3.3 MW wind turbine generators with 145 m rotor dia & 120 m hub height in Gujrat. | CMP Rs 148.95 | Inox Wind shares gained 5 percent in morning trade on June 8 after the company announced bagging an order for a 100-MW wind power project from ABEnergia Renewables Pvt Ltd (ABEnergia), an independent power producer. The broking firm cited expectations of a strong revenue momentum for the company as the reason behind the upgrade. | CMP Rs 772.00 | Shares of Paytm operator One97 Communications surged nearly 6 percent on June 8, after global research and broking firm Bank of America Securities changed its rating to buy with an increase in target price by nearly 10 percent to Rs 855. ![]() The SpiceJet stock has declined 41 percent in the last year as the airline faces a cash crunch, legal battles and regulatory headwinds. On June 7, SpiceJet also commenced Haj operations by operating special flights from Bhopal, Gaya, Vijayawada, Aurangabad and Srinagar. | CMP Rs 27.94 | Shares of SpiceJet jumped 4 percent on June 8 morning, after the low-cost airline said it will partner with FTAI Aviation, a leading aftermarket provider of engine services, to reduce maintenance expenses and aircraft downtime. About 1,454 shares advanced, 1,999 shares declined, and 104 shares remained unchanged. The Indian equity benchmarks closed in the red on June 8, with the Sensex down 0.47 percent at 62,848.64, and the Nifty down 0.49 percent at 18,634.50. ![]()
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