Fri, Nov 8, 2024 9:12 AM
Sagility India IPO allotment expected on November 8
A Flip by Shubhangi Gupta
Shares of ITI Ltd today rallied 9% to an intraday high of Rs 291 on the BSE after the company announced that it has emerged as the L1 bidder for a Rs 3,022 crore BharatNet project for Middle Mile Network. The company has emerged as the lowest bidder for the project in Himachal Pradesh, West Bengal and Andaman & Nicobar Islands.
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Waaree Energies share price dropped over 10 percent in the last two trading sessions amid fears of a decline in renewable energy exports to the United States during the presidency of Donald Trump. The impact could be severe on companies that are heavily reliant on the US for the exports. Waaree Energies stock declined nearly 5 percent on November 8 to quote at Rs 3,186 per share on the NSE.
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Wipro shares surged 3% to Rs 578.8 on reports of two block deals, with promoters likely selling 8.5 crore equity shares. The IT major reported a 21% jump in net profit to Rs 3,209 crore in Q2 FY25, accompanied by a bonus share issue and strong deal bookings. Wipro's IT services operating margin stood at 16.8%.
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