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Defence stocks rose up to 4% as the Defence Acquisition Council approved five capital acquisition proposals worth over Rs 21,772 crore. The procurement includes equipment for the Indian Navy, Coast Guard, and Air Force. This move is aimed at strengthening India's maritime operations, coastal security, and aircraft protection.
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Swiggy share price: Swiggy shares climbed following strong Q2 FY25 revenue growth, despite a reported loss of Rs 625.53 crore. Innovations like Bolt for 10-minute food delivery and Instamart expansion contributed to a 30% YoY increase in gross order value, with strong broker expectations for future growth in food delivery and quick commerce.
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Reliance Power shares surged after Solar Energy Corporation of India Limited withdrew its debarment notice. The withdrawal allows Reliance Power and its subsidiary to participate in SECI tenders again. The legal proceedings led to this decision, although SECI retains the right to take further actions per the law. Reliance Power shares have increased significantly in 2024.
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