Mumbai-based manufacturer of large-diameter pipes Welspun Corp expects strong growth over the next few years, supported by a robust order book, expanding US operations, and rising opportunities in Saudi Arabia. Vipul Mathur, MD & CEO, Welspun Corp, said the company’s order book has extended visibility up to 2029-30. The company recently secured a large high-frequency…
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Shares of Dilip Buildcon Ltd. fell more than 2% on Monday, September 28, even as it secured two projects in Maharashtra with a combined EPC value of ₹1,839.70 crore, excluding GST. According to exchange filings, the National Highways Authority of India (NHAI) has declared the company the L-1 bidder for the construction of a four-lane…
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Shares of ESDS Software Solutions Ltd. are down in a 5% lower circuit for the second day running on Monday, September 28, extending their losses after announcing their quarterly results last week. For the June quarter, ESDS reported a 20% revenue drop on a sequential basis, while its profitability declined by 56.7% from the previous…
Chinese shares touched a one-year low, led by a selloff in technology firms after a report that authorities may allow purchases of Nvidia Corp.’s new chips and proposed US sanctions on foreign optical producers. The onshore benchmark CSI 300 Index dropped as much as 2.4% on Monday. Chipmakers Cambricon Technologies Corp. and GigaDevice Semiconductor Inc.,…
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Shares of Aastha Spintex Ltd., a recent listing on Dalal Street, began trading adjusted for the 1:1 bonus issue on Monday, September 28. The company’s board had announced the bonus issue of shares on September 16. This means that eligible shareholders will receive one bonus share for every one share that they own as on…
Shares of Sun Pharmaceutical Industries Ltd. are in focus on Monday, September 28, after it announced licensing, commericalisation and manufacturing agreement with LIB Tehrapeutics for a bad cholesterol treatment drug known as lerodalcibep. Lerodalcibep is approved in the EU under the brand name Lyrokaul for the treatment of adult patients with hypercholestrolaemia and mixed dyslipidaemia,…
