Rane Brake Lining s stock hits 2.5 year high of ₹1,021 post the release of its financial numbers. Its profit after tax surged by 28% YoY to ₹15.4 crore in Q4FY24 and ₹40.3 for FY24.The company commenced supplies to the US market with new products for CV segment.
NBCC (India) shares surged 4.3% to ₹147.40 after securing orders worth ₹369.05 crore, including projects for Rani Lakshmi Bai Central Agricultural University and Telangana High Court. The stock gained 208% in last six months.
Waaree Renewable Technologies shares surged by 5% to ₹4,650 apiece after securing a significant contract for a 980 MWp solar power plant. The company s unexecuted order book now stands at 2.141 GW, reflecting its strong growth in the renewable energy sector.
HPL Electric & Power saw its shares rise 10% to hit an all-time high after reporting a robust set of numbers for Q3 FY24, including an 87.14% YoY growth in net profit and a 21.22% YoY growth in revenue.
Shares of NBCC (India) surged after weak performance, reaching the 5% upper circuit limit, following a 26.3% decline in value. Investors responded positively to the company s performance in the December quarter, with a 59% improvement in consolidated net profit.