At the current market price, this translates to an attractive dividend yield of 4.52 per cent. Additionally, the stock boasts an impressive Return on Capital Employed (ROCE) of 60.8 per cent, reflecting its efficient utilization of invested capital.

Market sentiment appears positive with 1265 advancing stocks against 576 declining stocks.

Torrent Power, with a turnover of Rs 25,694 Crores (approx. USD 3 billion) is the integrated power utility of the diversified Torrent Group with group revenues of Rs 37,600 crore (approx. USD 4.5 billion) and a market cap of Rs 95,000 crore (approx. USD 11.50 billion). It is one of the largest power companies in India with a presence across the entire power value chain of generation, transmission, and distribution.

The price band of the issue has been fixed at Rs 285 to Rs 300 per equity share. The issue size is Rs 686.55 crore at a higher price band.

Additionally, the company also announced its quarterly results wherein revenue from operations grew by 148.34 per cent to Rs 79.57 crore, EBITDA skyrocketed by 415.47 per cent to Rs 7.13 crore and PAT skyrocketed by 1,056.34 per cent to Rs 4.10 crore in Q1FY24 compared to Q1FY23.

DVR shares of company spiked by more than 14 per cent after plans to convert DVR shares into ordinary shares.

TruCap caters to the financing needs of MSMEs. The company's objective is to empower these enterprises by providing them with the necessary financial resources to grow and thrive. The shares of the company saw a spurt in volume by more than 1.10 times on BSE.

Looking at FY24, we are optimistic and confident about a turnaround, thanks to the acquisition of new contracts and improved execution of existing ones, expresses Nirav Talati, CFO, Asian Energy Services Ltd

Shares of the company have gained more than 140 per cent in the last one year.

According to the annual results, the net sales increased by 11.36 per cent to Rs 16.72 crore and net profit increased by 201.73 per cent to Rs 0.70 crore in FY23 over FY22. Additionally, the company announced bonus shares in the ratio 1:2 to its shareholders as of the record date. The ex-bonus date was Wednesday, May 03, 2023.