Top gainer: Asian Paints 3,244.85 ▲ 90 (+2.8%)
Top loser: Wipro 520 ▼ 15 (-2.8%)
IEX August volumes rise 35.8% to 12,040 million units
Indian Energy Exchange (IEX) said on Tuesday its August volumes rose 35.8% year-on-year (YoY) to 12,040 million units (MU). Shares of the firm were trading 0.63% higher on Wednesday following the announcement. IEX said its electricity volume rose 17.1% YoY to 9,914 MU while renewable energy certificates (REC) increased 737.4% YoY to 2,116 MU. The firm said that at ₹115 per certificate, the REC market recorded an all-time low price in the trading session held on August 28, 2024. Read more
Havells India commences commercial production of cables at new facility in Tumakuru, Karnataka
Havells India said on Tuesday it has commenced commercial production of cables at its new facility at Vasanthnarasapura Industrial Area, Tumakuru in Karnataka. Havells said that in order to cater to the potential demand for cables, the firm decided to further expand its cable manufacturing capacity in the same facility at Tumakuru, from existing 3.48 lakh kilometres per annum to 4.62 lakh kms per annum, with an additional investment of around ₹450 crore. Read more
Patanjali Foods slips into red after hitting all-time high in early trade
Shares of Patanjali Foods hit an all-time high of ₹2,030 apiece in the early session on the BSE on Wednesday, September 4. However, later in the trade, the stock slipped into negative territory, and last seen, the scrip was trading at ₹1,934.10, down 0.84% against the previous close. Last week, the Delhi High Court sought the Centre’s stand on a petition seeking action against the alleged misbranding of Patanjali’s “Divya Dant Manjan” as a vegetarian product. Read more