The company's net profit climbed more than 78 per cent year-on-year!

Vijay Kedia, a prominent investor and the founder of Kedia Securities has augmented his ownership in the company by 0.39 per cent, resulting in his total stake now amounting to 1.68 per cent

The significance of this order lies not only in its monetary value but also in its potential to expand the company's customer base, contributing positively to its overall profitability.

On Thursday, shares of the company surged by more than per cent and traded at its 52-week high of Rs 19,867.10.

The company has a market cap of over Rs 25,000 crore with a 3-year stock price CAGR of 70 per cent. As of May 30, 2023, the cumulative order book stands at over 1,500 MW. This includes the order book as on March 31, 2023, of 652 MW plus orders secured subsequently of 890 MW.

On Thursday, Indian equity markets ended on a negative note

Earlier, Tata Power signed an MoU with the Government of Maharashtra to develop 2,800 MW of Pumped Hydro Storage Projects in Pune and Raigad Districts. This collaboration is a major step in our journey towards a clean and green energy future and will support renewable solar and wind projects to ensure a reliable, round-the-clock power supply.

On Thursday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.47 per cent at 65,688.18 and the NSE Nifty-50 Index down 0.46 per cent at 19,543.10. About 1,680 shares have advanced, 1,917 declined and 144 are unchanged on BSE.  

With the demand for communication cables going up tremendously and Finolex Cables Limited’s entry into home appliances, the company is all set to capture the potential that lies in this segment

The GIFT Nifty signals a slightly optimistic opening for the benchmark indices, showing a rise of 30 points following Nifty's 61-point increase to 19,632 points on August 9. GIFT Nifty futures are positioned at 19,624 points.