Latest news with #Indosolar
Business Upturn
6 days ago
- Business
- Business Upturn
Indosolar share hits 5% upper circuit; gains 48% in one month ahead of Waaree Energies OFS on Aug 7-8
By News Desk Published on August 7, 2025, 09:35 IST Shares of Indosolar Limited surged 5% on August 7 to hit the upper circuit at ₹360.20, as the company continued its stellar rally ahead of the promoter's stake sale. The stock has now risen 21.5% in the past five trading sessions and 47.7% over the last month. Promoter Waaree Energies is set to offload a 3% stake in Indosolar via an Offer for Sale (OFS) on August 7-8 in order to meet the minimum public shareholding (MPS) norms. The announcement of the OFS has not deterred investor sentiment, as the stock has climbed steadily, locking in upper circuits multiple times in recent sessions. As per market data, Indosolar opened at ₹360.20 on August 7 and remained locked at the same level through the day with thin volumes. The stock has touched its 52-week high of ₹360.20 today and has more than doubled from its 52-week low of ₹165.07. Indosolar's market cap now stands at ₹1,360 crore. The stock has been on investor radar due to increased solar energy sector focus and strong interest in companies aligned with India's renewable energy ambitions. Disclaimer: The views and stock-related information provided here are based on publicly available data and are not to be construed as investment advice. Please consult a qualified financial advisor before making any investment decisions. Ahmedabad Plane Crash News desk at
Business Upturn
6 days ago
- Business
- Business Upturn
Top stocks to watch today, August 7: Bajaj Auto, Trent, BHEL, Hero MotoCorp, SKF India and more
By Aman Shukla Published on August 7, 2025, 08:26 IST Indian stock markets are expected to witness stock-specific movements on Thursday, August 7, as multiple companies have announced quarterly results and key updates. Here's a rundown of stocks that could remain in focus today: Bajaj Auto The company maintained its domestic growth outlook and sees industry growth in FY25 at around 5–6%. The company maintained its domestic growth outlook and sees industry growth in FY25 at around 5–6%. Trent Q1 EBITDA surpassed estimates with margins improving to 17.4% from 15% YoY. Q1 EBITDA surpassed estimates with margins improving to 17.4% from 15% YoY. Jindal Stainless Margins rose to 13% from 10.4% YoY, with realizations up by ₹4,000 per tonne on a QoQ basis. Margins rose to 13% from 10.4% YoY, with realizations up by ₹4,000 per tonne on a QoQ basis. Fortis Healthcare EBITDA increased by 43%, with margins improving to 22.6% from 18.4% YoY. EBITDA increased by 43%, with margins improving to 22.6% from 18.4% YoY. Lumax Industries Reported a 40% YoY rise in EBITDA. Margins improved to 18.2% from 15.7%. Reported a 40% YoY rise in EBITDA. Margins improved to 18.2% from 15.7%. Raymond Lifestyle EBITDA rose 29%, with margins slightly up at 5.4% vs. 5% YoY. EBITDA rose 29%, with margins slightly up at 5.4% vs. 5% YoY. Raymond Ltd Q1 EBITDA grew 26%, with margins at 11% compared to 10% YoY. Q1 EBITDA grew 26%, with margins at 11% compared to 10% YoY. Protean eGov EBITDA increased by 31%, with a 284 basis points YoY improvement in margins. EBITDA increased by 31%, with a 284 basis points YoY improvement in margins. Hinduja Global Solutions EBITDA saw a 77% increase. Margins rose to 2.7% from 1.5% YoY. EBITDA saw a 77% increase. Margins rose to 2.7% from 1.5% YoY. Rain Industries Reported a 70.5% increase in EBITDA, with margins rising to 14% from 9% YoY. Reported a 70.5% increase in EBITDA, with margins rising to 14% from 9% YoY. Glenmark Pharmaceuticals Its US arm will pay $38 million as a settlement to a putative direct purchaser class. Its US arm will pay $38 million as a settlement to a putative direct purchaser class. Waaree Energies Plans to sell up to 3% stake in Indosolar at ₹500 per share to comply with minimum public shareholding norms. Plans to sell up to 3% stake in Indosolar at ₹500 per share to comply with minimum public shareholding norms. Hindustan Copper Signed an MoU with GAIL to jointly participate in copper and critical minerals block auctions. Signed an MoU with GAIL to jointly participate in copper and critical minerals block auctions. IRB Infrastructure Gross toll collections for July 2025 rose approximately 10% YoY. Gross toll collections for July 2025 rose approximately 10% YoY. Paras Defence Entered into a teaming agreement with Germany-based High Performance Space Structure Systems. Entered into a teaming agreement with Germany-based High Performance Space Structure Systems. Hero MotoCorp Reported a mixed Q1, with realisation increases coming in below estimates. Reported a mixed Q1, with realisation increases coming in below estimates. BHEL Losses widened, and revenue from the power business declined 5.5% YoY. Losses widened, and revenue from the power business declined 5.5% YoY. HUDCO Net interest margin fell below guidance. Return on assets stood at 1.89% vs. 2.24% YoY. Net interest margin fell below guidance. Return on assets stood at 1.89% vs. 2.24% YoY. Eternal Antfin is likely to offload its entire 1.95% stake through block deals at a floor price of ₹285 per share. Antfin is likely to offload its entire 1.95% stake through block deals at a floor price of ₹285 per share. Kotak Mahindra Bank Invesco is expected to sell 0.5% equity via block deals, with the floor price set at a 2.4% discount to CMP. Invesco is expected to sell 0.5% equity via block deals, with the floor price set at a 2.4% discount to CMP. Sula Vineyards EBITDA dropped 44.6%. Margins contracted to 17% from 28% YoY. EBITDA dropped 44.6%. Margins contracted to 17% from 28% YoY. GNFC EBITDA declined 80% YoY, with margins at 2% compared to 7.6%. EBITDA declined 80% YoY, with margins at 2% compared to 7.6%. Prince Pipes Reported a 32% decline in EBITDA, with margins slipping to 6.7% from 9.6%. Reported a 32% decline in EBITDA, with margins slipping to 6.7% from 9.6%. Kirloskar Oil Engines Net profit fell 11%, and margins dropped to 18.5% from 19.9% YoY. Net profit fell 11%, and margins dropped to 18.5% from 19.9% YoY. IRCON International EBITDA declined by 20%, with revenue slipping 22% YoY. EBITDA declined by 20%, with revenue slipping 22% YoY. VIP Industries Swung to a net loss as revenue declined 12% YoY. Swung to a net loss as revenue declined 12% YoY. SKF India EBITDA fell 14%, with margins narrowing to 13% from 16% YoY. EBITDA fell 14%, with margins narrowing to 13% from 16% YoY. Monte Carlo EBITDA loss widened despite a 10% YoY rise in revenue. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Bajaj AutoBHELHero MotocorpSKF IndiaStock to watchTrent Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
19-07-2025
- Business
- Business Standard
Indosolar reports standalone net profit of Rs 116.79 crore in the June 2025 quarter
Sales reported at Rs 194.68 crore Net profit of Indosolar reported to Rs 116.79 crore in the quarter ended June 2025 as against net loss of Rs 4.98 crore during the previous quarter ended June 2024. Sales reported to Rs 194.68 crore in the quarter ended June 2025. There were no Sales reported during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 194.680 0 OPM % 32.640 - PBDT 64.25-4.23 LP PBT 55.15-4.98 LP NP 116.79-4.98 LP
Business Upturn
10-07-2025
- Business
- Business Upturn
Indosolar surges 5% after promoter Waaree Energies announces to sell 2.4% Stake
By Aditya Bhagchandani Published on July 10, 2025, 09:20 IST Shares of Indosolar Limited jumped 5% to ₹243.84 today after Waaree Energies Limited announced an Offer for Sale (OFS) of up to 10 lakh equity shares (2.4% of Indosolar's paid-up capital) to comply with SEBI's minimum public shareholding norms. The OFS, which will be conducted through a separate window on BSE and NSE, is scheduled for July 10, 2025 for non-retail investors and July 11, 2025 for retail investors. Key details of the OFS: Floor price: ₹265 per share. Broker: Antique Stock Broking Limited. Allocation: At least 25% of the offer is reserved for mutual funds and insurance companies, and 10% for retail investors. Retail discount: None. Cancellation clause: The seller reserves the right to cancel the OFS if there are insufficient bids at or above the floor price. The OFS is aimed at ensuring compliance with SEBI's rule requiring at least 25% public shareholding in listed companies. Shares of Indosolar gained sharply as the announcement is expected to enhance liquidity and investor participation in the stock. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before making investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
10-07-2025
- Business
- Mint
Waaree Energies share price gains on launching OFS to sell 2.4% stake in arm Indosolar; up 9% in 2 sessions
Shares of Waaree Energies continued their upward momentum on Thursday, July 10, gaining nearly 2 percent in intraday trade. The rise marked the second consecutive session of gains for the solar solutions major, driven by the company's announcement to divest a part of its stake in Indosolar Ltd. The move aims to align with the minimum public shareholding (MPS) requirement mandated by market regulators, further strengthening compliance and transparency. Waaree Energies, the promoter entity of Indosolar Ltd, announced its plan to sell 10 lakh equity shares, equivalent to 2.4 percent of Indosolar's total issued and paid-up capital. The sale will be conducted via the offer-for-sale (OFS) route on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) over two days—July 10 and 11, 2025. As per Indosolar's regulatory filing, this OFS is being undertaken to fulfill the requirements under Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957, and SEBI's Listing Obligations and Disclosure Requirements (LODR). The floor price for the OFS has been set at ₹ 265 per share. Notably, no retail discount will be offered. Promoters currently hold 96.15 percent in Indosolar, while public shareholders own just 3.85 percent as of March 31, 2025. To ensure regulatory compliance, the OFS will help broaden public shareholding. Antique Stock Broking Limited has been appointed as the broker for the offer, with BSE acting as the designated exchange for the transaction. The bidding window will remain open during normal market hours (9:15 a.m. to 3:30 p.m.) on both days. Of the total shares on offer, 10 percent is reserved for retail investors, while a minimum of 25 percent is earmarked for mutual funds and insurance firms, subject to valid bids. Allocation will follow a price-priority basis, and retail investors may opt to bid at the cut-off price derived from non-retail demand. Beyond the OFS announcement, investor confidence in Waaree Energies has been bolstered by strong order inflows from international markets. In June 2025, the company announced a fresh order for 599 megawatts (MW) of solar modules in the U.S., adding to an earlier 586 MW order. The cumulative order inflow now stands at over 1,200 MW in Q1 of FY26. The orders have been secured through Waaree's U.S.-based subsidiary, Waaree Solar Americas Inc. The company said in a statement, 'Waaree Solar Americas Inc secures 599 MW order in the US, surpassing 1,200 MW+ in new deals for FY25-26 Q1, underscoring resilience and growing momentum in the American market.' Waaree Energies also reported robust financials for the March quarter of FY25. The company's net profit more than doubled to ₹ 648.49 crore, driven by higher sales and improved operational efficiency. Revenue for the quarter came in at ₹ 4,140.92 crore, marking a 37.69 percent year-on-year (YoY) increase. On a full-year basis, the company reported a PAT of ₹ 1,932.15 crore for FY25, up 107.08 percent YoY. Annual revenue stood at ₹ 14,846.06 crore, reflecting a growth of 27.62 percent compared to FY24. Following the twin triggers of the OFS announcement and robust business updates, Waaree Energies' stock rose around 2 percent on Thursday, touching an intraday high of ₹ 3,180.50. This comes after a 5 percent rally in the previous session, taking the two-day gain to nearly 9 percent. Despite the recent rally, the stock remains about 15 percent below its 52-week high of ₹ 3,740.75, touched in November 2024. It had hit a 52-week low of ₹ 1,808.65 in April 2025. Year-to-date, the scrip has gained 10 percent, with five months of positive returns out of seven. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
