Buzzing Stocks Today: Axis Bank, Indus Towers, TVS Motor, IndiGrid – A Closer Look
Axis Bank
Axis Bank shared its Q2 results on Wednesday. They earned 31,660.26 crores in revenue this quarter, but that’s more than the 30,644.04 crores they made last quarter. The bank’s growth increased by 3.32 percent when comparing the two quarters. In terms of profits, Axis Bank’s PAT (Profit After Tax) for this quarter was 5,863.56 crores, up from 5,797.10 crores in the previous quarter. Their quarter-to-quarter growth inclined by 1.15 percent.
Indus Towers
Indus Towers shared its Q2 results on Wednesday. They earned 7229.7 crores in revenue this quarter, but that’s more than the 7132.4 crores they made last quarter. The company’s growth increased by 1.36 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 1294.7 crores, down from 1347.9 crores in the previous quarter. Their quarter-to-quarter growth decreased by 3.95 percent.
Jubilant Foodworks
Jubilant Foodworks shared its Q2 results on Wednesday. They earned 1375.69 crores in revenue this quarter, but that’s more than the 1343.88 crores they made last quarter. The company’s growth increased by 2.37 percent when comparing the two quarters. In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 97.20 crores, up from 28.92 crores in the previous quarter. Their quarter-to-quarter growth increased by 236.1 percent.
Gensol Engineering
In a significant development, Gensol Engineering, a prominent construction engineering firm, announced on Wednesday its triumph in securing a substantial contract valued at Rs 301.5 crore from the Maharashtra State Power Generation Co Ltd, commonly known as Mahagenco.
Reliance Jio
In a groundbreaking development, Reliance Jio, a prominent player in the telecom industry, has successfully deployed an impressive 85% 5G network coverage across India. This extraordinary feat was proudly announced by the company’s Chairman, Akash Ambani, who further revealed that they possess the capacity to install one 5G cell every 10 seconds.
TVS Motor
TVS Motor Company has unveiled an exciting collaboration with Singapore’s pioneering tech startup, ION Mobility, as they gear up to make a dynamic entrance into the Indonesian sports scooter market. Their venture takes the form of Project Dynamo, a revolutionary adaptation of TVS Motor’s premium flagship electric two-wheeler, the TVS X.
IndiGrid
In a groundbreaking development, IndiGrid, India’s pioneering infrastructure investment trust (InvIT) in the power sector, has been granted a Letter of Award (LOA) by BSES Rajdhani Power Limited (BRPL) for the creation of a 20 MW/40 MWh Battery Energy Storage System (BESS) in Delhi. This remarkable project is set to be realized under a Build, Own, Operate, and Transfer (BOOT) framework over a span of 12 years, established through tariff-based competitive bidding (TBCB).
Jio
In a groundbreaking move, Reliance Jio Infocomm, one of India’s leading telecom operators, has unveiled an exciting collaboration with Plume. This strategic partnership aims to bring cutting-edge smart home and small business services to Jio subscribers across the country, marking a significant step in enhancing the digital landscape in India.
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