Buzzing Stocks Today: Suzlon Energy, Cipla, Bajaj Finserv, BPCL & more – A Closer Look
Suzlon Energy
In a significant development, Suzlon Energy clinched an order for the construction of a 50.4 MW wind power project, a part of the 3 MW product series, commissioned by Juniper Green Energy Private Limited. Suzlon will be responsible for the installation of 16 wind turbine generators (WTGs), each equipped with a Hybrid Lattice Tubular (HLT) tower. These WTGs are part of Suzlon’s latest product range, boasting an impressive 3.15 MW rated capacity.
Cipla
Cipla shared its Q2 results on Friday. They earned 6,854.47 crores in revenue this quarter, but that’s more than the 6,465.18 crores they made last quarter. The company’s growth increased by 6.02 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 1,130.91 crores, up from 995.70 crores in the previous quarter. Their quarter-to-quarter growth increased by 13.58 percent.
Bajaj Finserv
Bajaj Finserv shared its Q2 results on Friday. They earned 26,022.66 crores in revenue this quarter, but that’s more than the 23,279.98 crores they made last quarter. The company’s growth increased by 11.78 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 1,928.96 crores, down from 1,942.63 crores in the previous quarter. Their quarter-to-quarter growth decreased by 0.70 percent.
BPCL
BPCL shared its Q2 results on Friday. They earned 1,17,332.95 crores in revenue this quarter, but that’s less than the 1,28,825.25 crores they made last quarter. The company’s growth decreased by 8.92 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 8,243.55 crores, down from 10,644.30 crores in the previous quarter. Their quarter-to-quarter growth decreased by 22.55 percent.
Dr Reddy’s Laboratories
Dr Reddy’s shared its Q2 results on Friday. They earned 7217.6 crores in revenue this quarter, but that’s more than the 6931.9 crores they made last quarter. The company’s growth increased by 4.12 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 1482.2 crores, up from 1405.00 crores in the previous quarter. Their quarter-to-quarter growth increased by 5.49 percent.
Indian Overseas Bank
Indian Overseas Bank shared its Q2 results on Friday. They earned 6935.21 crores in revenue this quarter, but that’s more than the 6227.34 crores they made last quarter. The bank’s growth increased by 11.37 percent when comparing the two quarters. In terms of profits, Indian Overseas Bank’s PAT (Profit After Tax) for this quarter was 624.58 crores, up from 500.35 crores in the previous quarter. Their quarter-to-quarter growth inclined by 24.83 percent.
Jio
Reliance Jio Infocomm’s Chairman, Akash Ambani, revealed the extraordinary speed at which Jio is deploying 5G technology, setting a global benchmark. Speaking at the India Mobile Congress, Ambani shared the remarkable progress made by Jio in establishing 5G connectivity across India, underscoring the transformative impact of technology.
IRB Infra Trust
IRB Infrastructure Trust, the private Infrastructure Investment Trust of IRB, has clinched a significant milestone with the National Highways Authority of India (NHAI). The prestigious NHAI has awarded IRB Infra Trust the coveted Letter of Award (LoA) for a substantial Rs 4,428 crore road project.
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