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Economic Times
6 days ago
- Business
- Economic Times
Sarda Energy shares rally 20% after Q1 profit more than doubles
Sarda Energy shares: Sarda Energy posted a 118.5% year-on-year increase in consolidated net profit, reaching ₹434.36 crore for the quarter ended June 2025, compared to ₹198.76 crore in the same period last year. According to the company's exchange filing on Saturday, revenue from operations rose 76.3% to ₹1,633 crore, up from ₹926 crore a year ago. Tired of too many ads? Remove Ads Stock rallies amid bullish technical setup Tired of too many ads? Remove Ads Hydropower push Shares of Sarda Energy & Minerals jumped as much as 20% on Monday to Rs 527.10 on the BSE after the company posted a sharp rise in first-quarter earnings, with net profit more than doubling on the back of strong revenue growth and higher margins. Sarda Energy reported a 118.5% year-on-year rise in consolidated net profit to Rs 434.36 crore for the quarter ended June 2025, compared with Rs 198.76 crore in the same quarter last year. Revenue from operations climbed 76.3% to Rs 1,633 crore during the June 2025 quarter, up from Rs 926 crore a year earlier, according to the company's exchange filing on before interest, tax, depreciation and amortisation (Ebitda) rose to Rs 617 crore from Rs 261 crore, while operating margins improved to 37.8% from 28.1% in the year-ago stock has gained 16.5% over the past month and is up 94% in the last 12 months. So far in 2025, it has risen 4.6%. Monday's sharp rally pushed the stock above all its eight key simple moving averages, spanning from the 5-day to the 200-day SMA, signalling continued bullish momentum across short- to long-term Relative Strength Index (RSI) stood at 47.5, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) remained above both its signal and center lines at 0.3, reinforcing the July, the company's subsidiary, Chhattisgarh Hydro Power LLP, received an in-principle approval from the Chhattisgarh State Power Distribution Company to procure electricity on a long-term basis from the Rehar-1 small hydro power project."The company has received in-principle approval from Chhattisgarh State Power Distribution Company Ltd. for procuring power from 3x 8.3 MW Rehar-1 small hydro power project on a long term basis; and has commenced commercial operation of Rehar-1 small hydro power project," Sarda Energy said in its exchange Energy & Minerals, originally established as Raipur Alloys and Steel in 1976, was acquired by the Sarda Group in 1979 and renamed in 1985. It adopted its current name in 2006. The company operates an integrated steel manufacturing facility with in-house sponge iron and ferro alloy production, supported by a captive thermal power plant. It also has a presence in the hydropower sector via special purpose vehicles.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
6 days ago
- Business
- Time of India
Sarda Energy shares rally 20% after Q1 profit more than doubles
Sarda Energy shares: Sarda Energy posted a 118.5% year-on-year increase in consolidated net profit, reaching ₹434.36 crore for the quarter ended June 2025, compared to ₹198.76 crore in the same period last year. According to the company's exchange filing on Saturday, revenue from operations rose 76.3% to ₹1,633 crore, up from ₹926 crore a year ago. Tired of too many ads? Remove Ads Stock rallies amid bullish technical setup Tired of too many ads? Remove Ads Hydropower push Shares of Sarda Energy & Minerals jumped as much as 20% on Monday to Rs 527.10 on the BSE after the company posted a sharp rise in first-quarter earnings, with net profit more than doubling on the back of strong revenue growth and higher margins. Sarda Energy reported a 118.5% year-on-year rise in consolidated net profit to Rs 434.36 crore for the quarter ended June 2025, compared with Rs 198.76 crore in the same quarter last year. Revenue from operations climbed 76.3% to Rs 1,633 crore during the June 2025 quarter, up from Rs 926 crore a year earlier, according to the company's exchange filing on before interest, tax, depreciation and amortisation (Ebitda) rose to Rs 617 crore from Rs 261 crore, while operating margins improved to 37.8% from 28.1% in the year-ago stock has gained 16.5% over the past month and is up 94% in the last 12 months. So far in 2025, it has risen 4.6%. Monday's sharp rally pushed the stock above all its eight key simple moving averages, spanning from the 5-day to the 200-day SMA, signalling continued bullish momentum across short- to long-term Relative Strength Index (RSI) stood at 47.5, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) remained above both its signal and center lines at 0.3, reinforcing the July, the company's subsidiary, Chhattisgarh Hydro Power LLP, received an in-principle approval from the Chhattisgarh State Power Distribution Company to procure electricity on a long-term basis from the Rehar-1 small hydro power project."The company has received in-principle approval from Chhattisgarh State Power Distribution Company Ltd. for procuring power from 3x 8.3 MW Rehar-1 small hydro power project on a long term basis; and has commenced commercial operation of Rehar-1 small hydro power project," Sarda Energy said in its exchange Energy & Minerals, originally established as Raipur Alloys and Steel in 1976, was acquired by the Sarda Group in 1979 and renamed in 1985. It adopted its current name in 2006. The company operates an integrated steel manufacturing facility with in-house sponge iron and ferro alloy production, supported by a captive thermal power plant. It also has a presence in the hydropower sector via special purpose vehicles.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Insider
6 days ago
- Business
- Business Insider
Archer Aviation Falls 14% as JPMorgan Lifts Price Target but Flags Cash Burn Before Earnings
Despite Archer Aviation's (ACHR) step-by-step build-up toward commercial flight, the stock remains in a pre-commercial, pre-revenue stage. As long as that remains true, its valuation will stay speculative. That makes the shares volatile, especially in periods of mixed sentiment or shifting momentum across the electric vertical take-off and landing space. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. This past week, shares of Archer Aviation fell 14.53% in the last five trading days, closing at $9.64 on August 1. The drop followed several sessions of steady selling, with no major news from the company itself. Trading volume remained light, while the put-call ratio climbed, signaling increased interest in downside protection. The company's second-quarter earnings are due on August 11. JPM Highlights Continued Cash Burn On the analyst front, JPMorgan's analyst Bill Peterson raised his price target on Archer Aviation from $9 to $10 but maintained a Neutral rating. The firm acknowledged recent momentum in the eVTOL sector but called it 'irrational exuberance.' While the Trump administration's latest executive order signals long-term government support for the category, Peterson does not expect it to change the company's earnings outlook in the near term. The firm highlighted continued cash burn and potential delays in revenue generation as key risks. Technically, the stock is sending mixed signals. The Moving Average Convergence Divergence (MACD) indicator suggests that Archer is a Buy. However, the 20-day and 50-day exponential moving averages suggest otherwise. Both are above the current price, indicating a short-term sell. Overall technical sentiment is neutral. With shares trading below both key moving averages and a cautious tone from one of the company's core covering analysts, investors appear to be recalibrating their near-term expectations. Is Archer Aviation Stock a Good Buy? an average 12-month price target of $11.92. This implies a 23.65% upside from the current price.
Economic Times
17-07-2025
- Business
- Economic Times
Godrej Properties shares in focus after company acquires 50 acres of land in Chhattisgarh
Shares of Godrej Properties are set to be in focus on Thursday, July 17, after the Mumbai-based developer announced its entry into Raipur through the acquisition of 50 acres of land for a premium plotted residential project. ADVERTISEMENT The planned development, located near Old Dhamtari Road, a fast-developing real estate corridor, will offer an estimated saleable area of approximately 9.5 lakh square feet, the company said in a press release issued after market hours on Wednesday. 'This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India,' said Gaurav Pandey, MD & CEO of Godrej Properties. The company noted that the site benefits from strong infrastructure tailwinds, including proximity to the Raipur Railway Station, Swami Vivekananda Airport, and connectivity via the Atal Path (Raipur–Naya Raipur Expressway). It is also located near the upcoming Raipur–Hyderabad and Raipur–Visakhapatnam expressways.'This acquisition also aligns strategically with our focus on entering high-growth cities through plotted developments. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with the region's evolving aspirations,' said Pandey. ADVERTISEMENT Shares of Godrej Properties have gained 5.3% so far in 2025. The stock is up 7.3% in the past three months and 1% over the last month, but has declined 1.1% in the past a technical perspective, the stock is trading above five of its eight key simple moving averages (5-day, 10-day, 50-day, 100-day, and 150-day SMAs), but remains below the 20-day, 30-day, and 200-day SMAs. The Relative Strength Index (RSI) stands at 48, indicating that the stock is neither overbought nor oversold. ADVERTISEMENT Meanwhile, the Moving Average Convergence Divergence (MACD) is at -17.9 and remains below both the center and signal lines, a strong bearish signal for near-term momentum. Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
17-07-2025
- Business
- Time of India
Godrej Properties shares in focus after company acquires 50 acres of land in Chhattisgarh
Shares of Godrej Properties are set to be in focus on Thursday, July 17, after the Mumbai-based developer announced its entry into Raipur through the acquisition of 50 acres of land for a premium plotted residential project . The planned development, located near Old Dhamtari Road, a fast-developing real estate corridor, will offer an estimated saleable area of approximately 9.5 lakh square feet, the company said in a press release issued after market hours on Wednesday. 'This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India,' said Gaurav Pandey, MD & CEO of Godrej Properties. The company noted that the site benefits from strong infrastructure tailwinds, including proximity to the Raipur Railway Station, Swami Vivekananda Airport, and connectivity via the Atal Path (Raipur–Naya Raipur Expressway). It is also located near the upcoming Raipur–Hyderabad and Raipur–Visakhapatnam expressways. 'This acquisition also aligns strategically with our focus on entering high-growth cities through plotted developments. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with the region's evolving aspirations,' said Pandey. Live Events Share performance and technical picture Shares of Godrej Properties have gained 5.3% so far in 2025. The stock is up 7.3% in the past three months and 1% over the last month, but has declined 1.1% in the past week. From a technical perspective, the stock is trading above five of its eight key simple moving averages (5-day, 10-day, 50-day, 100-day, and 150-day SMAs), but remains below the 20-day, 30-day, and 200-day SMAs. The Relative Strength Index (RSI) stands at 48, indicating that the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -17.9 and remains below both the center and signal lines, a strong bearish signal for near-term momentum. Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4 ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
