Top gainer: Shriram Finance 551 ▲ 21 (+3.96%)
Top loser: ITC Hotels 171▼ 8.5 (-4.72%)
Shares of Suzlon Energy hit their 5% upper circuit to trade at ₹52.77 apiece
Shares of Suzlon Energy hit their 5% upper circuit to trade at ₹52.77 apiece on the NSE. On Tuesday, the company posted a 91% rise in its consolidated net profit to ₹388 crore for the latest December quarter, as compared to ₹204 crore post-tax profit in the quarter ended December 31, 2023. Net revenue climbed to ₹2,969 crore in Q3 FY25, up from ₹1,553 crore a year back.
Shares of JSW Energy declined as much as 10% on Wednesday morning trade
The JSW Energy share price declined as much as 10% on Wednesday morning trade, hitting a lower circuit of ₹453.60 on BSE after the company failed to impress investors with December quarter results. During the early trade, the stock was at ₹468.30 on BSE, sliding as much as 7.08%. On NSE, the shares were also down 8%. The company reported a 27% year-on-year (y-o-y) decline in its consolidated net profit for the third quarter amid lower revenues from thermal and hydropower plants. Revenue of the JSW Group firm also fell to ₹2,640 crore in Q3FY25 from ₹2661 crore a year earlier.
Shares of ITC Hotels, the demerged business of the diversified conglomerate ITC Ltd, listed at ₹180 on the NSE
Shares of ITC Hotels, the demerged business of the diversified conglomerate ITC Ltd, listed at ₹180 on the NSE on Wednesday. The price was 30.7% lower than the implied price of ₹260. On the BSE, shares were listed at ₹188 apiece. The implied price on the BSE was ₹270. Hence, this suggests that the stock was listed at a 30.3% discount on the BSE. During the intraday trade, the company was down 5% on BSE at ₹178.60.