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Time of India
11-06-2025
- Business
- Time of India
RattanIndia Power shares skyrocket 35% in 2 days, firm issues clarification on sudden volume spike
Shares of RattanIndia Power surged as much as 12.9% on Wednesday, taking their two-day rally to 35%, amid a spike in trading volumes and strong bullish signals on technical charts. The stock touched an intraday high of Rs 16.13 on the NSE, with 20.5 crore shares changing hands. In response to a query from the National Stock Exchange over the sharp rise in price and volumes, the company issued a formal clarification late Tuesday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Thon Binh Dan (Prices May Surprise You) Foreclosed Homes | Search ads Search Now "We wish to clarify that the Company is not aware of any reason for the recent significant increase in the trading volume of its shares. The movement in price and volume is purely market driven," the company said in a statement. "There has been no material information or announcement that is required to be disclosed to the Stock Exchanges under applicable regulations, nor has any such information, been withheld," it added. The company emphasized its compliance with all SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, stating that it 'adheres diligently to all disclosure requirements stipulated under its listing agreement with the Stock Exchanges.' Live Events Board-level change earlier this week The clarification follows a separate disclosure made over the weekend regarding a board-level change. On Saturday, the company informed the stock exchanges that Baliram Ratna, Whole-time Director, had resigned with effect from June 6, 2025, citing personal reasons. Mixed fundamentals, bullish technical Despite the rally, the fundamentals present a mixed picture. In the March quarter (Q4FY25), the company's consolidated net profit plummeted 99% year-on-year to Rs 126 crore from Rs 10,666 crore a year earlier. However, consolidated revenue rose 3% to Rs 1,029 crore from Rs 996 crore in the corresponding quarter. Technically, the stock appears to be in overbought territory. It is trading above all eight key simple moving averages (SMA), including the 5-day to 200-day SMAs, suggesting strong bullish momentum. The Relative Strength Index (RSI) is at 82.5, indicating that the stock is "strongly overbought" and may be due for a pullback. The Moving Average Convergence Divergence (MACD) is also positive at 0.5 and remains above both the center and signal lines, reinforcing bullish signals. Stock performance Despite the recent gains, the smallcap stock is down 7% over the past year. However, it has jumped 61% in the past month and 42.3% in the past week, highlighting the intensity of the latest rally. RattanIndia Power operates thermal power plants with an installed capacity of 2,700 MW at Amravati and Nashik in Maharashtra. The company says it has investments worth Rs 18,615 crore, with its facilities spanning 2,400 acres. Also read | From bankruptcy to bull run: Can Reliance Infra & Reliance Power fuel Anil Ambani's comeback saga? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
11-06-2025
- Business
- Economic Times
RattanIndia Power shares skyrocket 35% in 2 days, firm issues clarification on sudden volume spike
Shares of RattanIndia Power surged as much as 12.9% on Wednesday, taking their two-day rally to 35%, amid a spike in trading volumes and strong bullish signals on technical charts. The stock touched an intraday high of Rs 16.13 on the NSE, with 20.5 crore shares changing hands. ADVERTISEMENT In response to a query from the National Stock Exchange over the sharp rise in price and volumes, the company issued a formal clarification late Tuesday. "We wish to clarify that the Company is not aware of any reason for the recent significant increase in the trading volume of its shares. The movement in price and volume is purely market driven," the company said in a statement. "There has been no material information or announcement that is required to be disclosed to the Stock Exchanges under applicable regulations, nor has any such information, been withheld," it company emphasized its compliance with all SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, stating that it 'adheres diligently to all disclosure requirements stipulated under its listing agreement with the Stock Exchanges.' ADVERTISEMENT The clarification follows a separate disclosure made over the weekend regarding a board-level change. On Saturday, the company informed the stock exchanges that Baliram Ratna, Whole-time Director, had resigned with effect from June 6, 2025, citing personal the rally, the fundamentals present a mixed picture. In the March quarter (Q4FY25), the company's consolidated net profit plummeted 99% year-on-year to Rs 126 crore from Rs 10,666 crore a year earlier. However, consolidated revenue rose 3% to Rs 1,029 crore from Rs 996 crore in the corresponding quarter. ADVERTISEMENT Technically, the stock appears to be in overbought territory. It is trading above all eight key simple moving averages (SMA), including the 5-day to 200-day SMAs, suggesting strong bullish Relative Strength Index (RSI) is at 82.5, indicating that the stock is "strongly overbought" and may be due for a pullback. The Moving Average Convergence Divergence (MACD) is also positive at 0.5 and remains above both the center and signal lines, reinforcing bullish signals. ADVERTISEMENT Despite the recent gains, the smallcap stock is down 7% over the past year. However, it has jumped 61% in the past month and 42.3% in the past week, highlighting the intensity of the latest Power operates thermal power plants with an installed capacity of 2,700 MW at Amravati and Nashik in Maharashtra. The company says it has investments worth Rs 18,615 crore, with its facilities spanning 2,400 acres. ADVERTISEMENT Also read | From bankruptcy to bull run: Can Reliance Infra & Reliance Power fuel Anil Ambani's comeback saga? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
13-05-2025
- Business
- Business Standard
Aether Industries shares slip 6% after promoter trims stake under OFS
Aether Industries share price: Shares of Aether Industries plunged 6 per cent, logging an intraday low at ₹757.25 per share on BSE. The selling pressure on the counter came after promoter Purnima Desai started selling its equity holding under an offer for sale (OFS) of shares. At 11:48 AM, Aether Industries shares were trading 3.71 per cent lower at ₹776.35 per share on the BSE. In comparison, the BSE Sensex was down 0.76 per cent at 81,709.13. The market capitalisation of the company stood at ₹10,293.64 crore. The 52-week high of the stock was at ₹1,066.3 per share and the 52-week low stood at ₹737.2 per share. According to the exchange filing, the offer for sale is 6.77 per cent or 89,79,173 equity shares having a face value of ₹10 each. The offer will be open for non-retail investors on May 13, 2025, and for retail investors on May 14, 2025. The floor price of the offer is fixed at ₹700 per share. "The Seller proposes to sell 6.77% of the paid-up equity share capital of the Company (equivalent to 89,79,173 equity shares having a face value of ₹ 10 each) (Offer Shares) on May 13, 2025 (T day) (for non-Retail Investors only) and on May 14, 2025 (T+1 Day) (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids) through a separate, designated window of the Stock Exchanges, (held in dematerialized form in one or more demat accounts with the relevant depository participant) in accordance with the OFS Guidelines (such offer for sale hereinafter referred to as the 'Offer')," the filing read. ALSO READ | About Aether Industries Aether Industries Limited, headquartered in Surat, Gujarat, specializes in advanced intermediates and specialty chemicals driven by complex, differentiated chemistry and strong technological capabilities. Its products serve diverse sectors including pharmaceuticals, agrochemicals, material science, coatings, high-performance photography, additives, and oil & gas. Founded in 2013, Aether began by focusing on team-building, infrastructure, and R&D to develop core competencies. Revenue operations started in FY 2018, marking the second phase of growth.
Bahrain News Gazette
15-04-2025
- Business
- Bahrain News Gazette
InvestHK concludes fruitful Middle East visit to deepen international exchanges and co-operation
HONG KONG SAR – Media OutReach Newswire – 15 April 2025 – Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK) Mr Charles Ng yesterday (April 10) concluded his visit to the Middle East, covering Riyadh, Jeddah and Dubai, highlighting Hong Kong's role as a strategic gateway for Middle Eastern enterprises to expand in the Asia-Pacific region including Mainland China. Associate Director-General of Investment Promotion at Invest Hong Kong Mr Charles Ng yesterday (April 10) concluded his visit to the Middle East, covering Riyadh, Jeddah and Dubai, highlighting Hong Kong's role as a strategic gateway for Middle Eastern enterprises to expand in the Asia-Pacific region including Mainland China. During the visit, Mr Ng met with business leaders, family office representatives and industry stakeholders across Saudi Arabia and the United Arab Emirates, including representatives from Investopia. He also attended a series of high-level business roundtables entitled Hong Kong Growth Dialogues: Building Asia's Future Super-Corridor, co-organised with Asia House. He also met with local media and elaborated on Hong Kong's business advantages. Mr Ng said, 'Hong Kong, as a global financial centre, an innovation and technology base, and a 'super connector' between Mainland China and international markets, offers abundant business opportunities from recent key developments, including the Northern Metropolis, the Airport City Skytopia and West Kowloon Cultural District, etc. We welcome businesses from the Middle East to capitalise on the opportunities our city offers.' Associate Director-General of Investment Promotion at Invest Hong Kong Mr Charles Ng yesterday (April 10) concluded his visit to the Middle East, covering Riyadh, Jeddah and Dubai, highlighting Hong Kong's role as a strategic gateway for Middle Eastern enterprises to expand in the Asia-Pacific region including Mainland China. He added, 'Hong Kong's strategic position in Asia, coupled with the Middle East's long-term strategies, such as Saudi Vision 2030 and UAE Centennial 2071, fosters collaboration and shared economic growth. By leveraging Hong Kong's business advantages, we can strengthen co-operation in various areas, including finance, technology, trade, sustainability and tourism amid a fast-changing global economic landscape.' Hong Kong and the Middle East are deepening financial and economic ties, creating powerful synergies for cross-border investment and shared growth. Recent developments, including cross-listed ETFs (exchange-traded funds) and the recognition of key Middle Eastern stock exchanges as Recognised Stock Exchanges, underscore the growing integration of capital markets between two regions. During the visit, Mr Ng also promoted Hong Kong's Islamic finance capabilities, citing its successful issuance of three government sukuk and a level playing field for Shariah-compliant products through tax neutrality measures. Participants at the events expressed keen interest in Hong Kong's business environment and connectivity. Vice President of the Logistics Division at Yusuf bin Ahmed Kanoo Group Mrs Saffia Abdulla Kanoo said, 'I gained valuable insights into Hong Kong and its key sectors through the roundtable discussions. I was particularly impressed by the city's robust financial infrastructure, strong rule of law, and its role as a hub for innovation and capital flows. The session was highly informative and engaging, inspiring me to further explore the opportunities available in Hong Kong.'
Associated Press
15-04-2025
- Business
- Associated Press
InvestHK concludes fruitful Middle East visit to deepen international exchanges and co-operation
HONG KONG SAR - Media OutReach Newswire - 15 April 2025 - Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK) Mr Charles Ng yesterday (April 10) concluded his visit to the Middle East, covering Riyadh, Jeddah and Dubai, highlighting Hong Kong's role as a strategic gateway for Middle Eastern enterprises to expand in the Asia-Pacific region including Mainland China. Associate Director-General of Investment Promotion at Invest Hong Kong Mr Charles Ng yesterday (April 10) concluded his visit to the Middle East, covering Riyadh, Jeddah and Dubai, highlighting Hong Kong's role as a strategic gateway for Middle Eastern enterprises to expand in the Asia-Pacific region including Mainland China. During the visit, Mr Ng met with business leaders, family office representatives and industry stakeholders across Saudi Arabia and the United Arab Emirates, including representatives from Investopia. He also attended a series of high-level business roundtables entitled Hong Kong Growth Dialogues: Building Asia's Future Super-Corridor, co-organised with Asia House. He also met with local media and elaborated on Hong Kong's business advantages. Mr Ng said, 'Hong Kong, as a global financial centre, an innovation and technology base, and a 'super connector' between Mainland China and international markets, offers abundant business opportunities from recent key developments, including the Northern Metropolis, the Airport City Skytopia and West Kowloon Cultural District, etc. We welcome businesses from the Middle East to capitalise on the opportunities our city offers.' Associate Director-General of Investment Promotion at Invest Hong Kong Mr Charles Ng yesterday (April 10) concluded his visit to the Middle East, covering Riyadh, Jeddah and Dubai, highlighting Hong Kong's role as a strategic gateway for Middle Eastern enterprises to expand in the Asia-Pacific region including Mainland China. He added, 'Hong Kong's strategic position in Asia, coupled with the Middle East's long-term strategies, such as Saudi Vision 2030 and UAE Centennial 2071, fosters collaboration and shared economic growth. By leveraging Hong Kong's business advantages, we can strengthen co-operation in various areas, including finance, technology, trade, sustainability and tourism amid a fast-changing global economic landscape.' Hong Kong and the Middle East are deepening financial and economic ties, creating powerful synergies for cross-border investment and shared growth. Recent developments, including cross-listed ETFs (exchange-traded funds) and the recognition of key Middle Eastern stock exchanges as Recognised Stock Exchanges, underscore the growing integration of capital markets between two regions. During the visit, Mr Ng also promoted Hong Kong's Islamic finance capabilities, citing its successful issuance of three government sukuk and a level playing field for Shariah-compliant products through tax neutrality measures. Participants at the events expressed keen interest in Hong Kong's business environment and connectivity. Vice President of the Logistics Division at Yusuf bin Ahmed Kanoo Group Mrs Saffia Abdulla Kanoo said, 'I gained valuable insights into Hong Kong and its key sectors through the roundtable discussions. I was particularly impressed by the city's robust financial infrastructure, strong rule of law, and its role as a hub for innovation and capital flows. The session was highly informative and engaging, inspiring me to further explore the opportunities available in Hong Kong.' Hashtag: #InvestHK The issuer is solely responsible for the content of this announcement.
