Shares of Inox Green Energy Services are down in a lower circuit of 5% on Monday after the company reported a 7.8% decline in its revenue for the January-March quarter when compared to the same quarter last year. Earnings Before Interest, Tax, Depreciation and Amortisation fell 20.7% year-on-year to ₹11.5 crore. Margin also fell by over 350 basis points to 21.9% from 25.5% last year.
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Bangalore Metro Rail Corporation Ltd (BMRCL) has identified over 700 properties on the Outer Ring Road (ORR) stretch from Kempapura to JP Nagar IV Phase for the construction of the 32.2-km Orange Line under Phase III. The acquisition of these properties, located along the proposed line connecting the Blue Line (KIA-Silk Board) and Pink Line (Kalena Agrahara-Nagawara).
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Shares of Standard Capital Markets Limited gained 2.66% to Rs 1.93/share from its previous closing of Rs 1.88. The stock’s 52-week is Rs 3.52 and its 52-week low is Rs 1.15. The company announced a correction to the issue price of their recently announced preferential share issue. The price per share is Rs. 2.75. They are moving forward with issuing new equity shares at Rs 2.75/share.
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