Top gainer: IndusInd bank 1,045 ▲ 20 (+2.01%)
Top loser: M&M 2,815 ▼ 126 (-4.31%)
Shares of Mahindra & Mahindra (M&M), the auto major, slipped as much as 4.84% to ₹2,955 apiece
Shares of Mahindra & Mahindra (M&M), the auto major, slipped as much as 4.84% to ₹2,955 apiece on Monday, February 17, as the company on Friday said it has secured 30,179 bookings for its two new electric models—XEV 9e and BE 6. The Mumbai-based auto major claimed the booking number translates to a value of ₹8,472 crore (at ex-showroom price). The company commenced bookings for the complete lineup of XEV 9e and BE 6 on Friday.
Shares of Rail Vikas Nigam Limited (RVNL) tanked over 4.5%
Shares of Rail Vikas Nigam Limited (RVNL) tanked over 4.5% as the company reported subdued December quarter earnings. During the early trade, RVNL was trading down 4.72% on BSE at ₹343 apiece. RVNL on Saturday had reported 13.14% decline in consolidated net profit to ₹311.44 crore in October-December quarter as against ₹358.57 crore posted in Q3FY24. Its revenue from operations also decreased 2.6% year-on-year (YoY) to ₹4,567.38 crore during the reporting quarter.
Shares of Zen Technologies hit a 20% lower circuit after the company reported a 22% jump in Q3FY25
Shares of Zen Technologies hit a 20% lower circuit after the company reported a 22% jump in Q3FY25 profits. In addition, the company also announced the acquisition of ARIPL and ARI Labs. In Q3FY25, total revenue jumped 44% YoY to ₹141 crore, compared to ₹98 crore in the previous year’s similar quarter. The total order book as of Q3FY25 stood at ₹816 crore, out of which the company has executed orders worth ₹140 crore, with no new order win. The company’s standalone EBITDA increased by 21% YoY to ₹58.6 crore as compared ₹48 crore in the previous year’s similar quarter. The net profit for the quarter jumped 22% YoY to ₹38.6 crore.