SJVN shares rose 5% to Rs 97.64 during Tuesday’s trading session, defying a sharp decline in the company’s June quarter net profit.The rally came despite a 36% year-on-year drop in consolidated net profit, which fell to Rs 227.8 crore from Rs 357 crore in the same quarter last year.Interestingly, investors appeared to react more positively to the company’s revenue performance. Revenue from operations grew 5.4% year-on-year to Rs 917.5 crore, compared to Rs 870.4 crore in the corresponding quarter of the previous year.The stock’s gain suggests that the market may be focusing on the company’s top-line growth and possibly pricing in expectations of a recovery in profitability in the coming quarters.Technical indicators and price actionOver the past month, SJVN’s stock has remained
Akasa Air will begin daily direct flights between Mumbai and Phuket, Thailand, from September 20, 2025, marking the airline’s entry into Southeast Asia. In its official statement, the airline said this will be its sixth international destination, with bookings now open through its website, mobile apps, and major online travel agencies.The airline said Phuket’s popularity among Indian travellers and its role as a trade and tourism hub make it a strategic addition to its network. The new service offers both morning and evening departures from India, providing greater travel flexibility. “We are thrilled to foray into Southeast Asia with the addition of Phuket to our global network. India is entering a new era of outbound tourism powered by its large population of globally curious flyer
Highway Infrastructure Ltd (HIL) shares made a stellar debut on the BSE on Tuesday, delivering hefty gains to IPO investors within the first hour of trade. The momentum stayed strong, with the stock hitting the 5% upper circuit and notching up nearly 75% returns in under an hour.Highway Infrastructure shares debuted at Rs 117 apiece, marking a 67% premium over the issue price of Rs 70. The stellar debut followed a robust demand during the IPO phase, coupled with investor optimism towards the infrastructure sector, which continues to see strong order execution trends and a government push for development projects. What should investors do now?Brokerages tracking the company’s IPO have maintained their positive stance on HIL, with a focus on its long-term potential in the infrastructure de