KEC International reported a net profit of Rs 87.6 cr, more than doubling from Rs 42 cr yoy, with revenue increasing 6.3% to Rs 4,512 cr. Operating income rose 10.6% to Rs 270 cr, with a 6% EBITDA margin. The company plans to raise up to Rs 6,000 cr through a qualified institutional placement & non-convertible debentures, aiming to raise Rs 4,500 crore via equity and Rs 1,500 crore via debentures.
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Srestha Finvest, a small-cap penny stock, has seen a 120% rise in one year, from ₹1.10 to ₹2.41. The company's board has approved a 1:2 stock split, its second split after a 1:5 split in 2016. The record date for eligible shareholders will be declared later. In one month, the stock has risen 25% and 90% in six months, with a market capitalization of ₹197 crore and a 52-week high of ₹2.56.
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FPIs) have injected nearly ₹52,910 crore into Indian equity and debt markets this month, with ₹33,688 crore in equity and ₹19,222 crore in debt. The total FPI investment in equity stands at ₹36,888 crore and ₹87,846 crore in debt for the year-to-date. The Government's Budget 2024-2025 has focused on fostering a stable equity investment environment, leading to a positive sentiment.
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