{ }
Waaree Energies Limited shares fell 6.3% to Rs 2,916 on November 19, ending a four-day winning streak, after disappointing Q2 earnings. Revenue saw a modest 1% rise to Rs 3,574.37 crore, while net profit increased by 15% to Rs 361 crore. The board has approved a Rs 600 crore investment to enhance infrastructure for renewable power projects.
The Competition Commission of India (CCI) has imposed a fine of Rs 213.14 crore on Meta for abusing its dominant position regarding WhatsApp"s 2021 privacy policy update. Additionally, CCI has ordered WhatsApp to refrain from sharing user data with other Meta products for advertising purposes for five years, alongside other remedial measures. This ruling significantly impacts Meta in its largest market, where WhatsApp has over 500 million monthly active users.
Medplus Health, PG Electroplast, Shilpa Medicare, Themis Medicare, and Waaree Energies are set to be in focus on Tuesday due to significant market activities. In quarterly earnings, Godavari Biorefineries reported a widened loss of Rs 75 crore for Q2, compared to a loss of Rs 65.1 crore in the previous year.
Waaree Energies reported a 15% increase in Q2FY25 profit, reaching Rs 362 crore, and plans to invest Rs 600 crore in its subsidiaries to enhance infrastructure for renewable power projects. The company is also exploring the manufacturing of electrolysers for green hydrogen and lithium-ion storage systems. A detailed investment plan will be revealed in the coming months.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.