Borosil Renewables Ltd Share Price – NSE  / BSE

Glass & Glass Products, Small Cap

The headline equity benchmarks traded with significant losses in early afternoon trade. The Nifty slipped below the 24,100 level after hitting day’s high of 24,345.75 in morning trade. Auto shares slipped after advancing in the past trading session. Trading was volatile due to the monthly F&O series expiry today.

At 12:30 IST, the barometer index, the S&P BSE Sensex, dropped 660.01 points or 0.82% to 79,574.07. The Nifty 50 index fell 179.75 points or 0.74% to 24,095.15.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.03% and the S&P BSE Small-Cap index rose 0.60%.

The market breadth was strong. On the BSE, 2,306 shares rose and 1,502 shares fell. A total of 146 shares were unchanged.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 4.68% to 15.31. The Nifty 28 November 2024 futures were trading at 24,066.15, at a discount of 29 points as compared with the spot at 24,095.15.

The Nifty option chain for the 28 November 2024 expiry showed maximum Call OI of 165.2 lakh contracts at the 24,300 strike price. Maximum Put OI of 117.8 lakh contracts were seen at 24,000 strike price.

Buzzing Index:

The Nifty Auto index slipped 0.97% to 23,288.70. The index rose 0.45% in the past trading session.

Mahindra & Mahindra (down 2.70%), Eicher Motors (down 1.70%), Samvardhana Motherson International (down 1.32%), Balkrishna Industries (down 1.19%), Hero MotoCorp (down 1.04%), Maruti Suzuki India (down 0.86%), MRF (down 0.79%), Ashok Leyland (down 0.74%), Bajaj Auto (down 0.72%) and Apollo Tyres (down 0.42%) declined.

On the other hand, Exide Industries (up 2.52%), Bharat Forge (up 1.11%) and Tata Motors (up 0.09%) edged higher.

Stocks in Spotlight:

Borosil Renewables rose 0.66%. The company’s board approved the appointment of Melwyn Moses as chief financial officer (CFO) of the company with effect from 2 December 2024.

Ajmera Realty & Infra India added 0.54%. The company has informed that it has repaid Rs 100 crore of its corporate debt.

BEML advanced 2.25% after the company announced that it has secured a contract worth Rs 3,658 crore from Chennai Metro Rail.

Powered by Capital Market - Live News

Borosil Renewables has appointed Melwyn Moses as the Chief Executive Officer of the Company (Key Managerial Personnel) with effect from 02 December 2024.

Powered by Capital Market - Live News

Moses is a Mechanical Engineering graduate from AK College of Engineering and has also completed the Senior Executive Leadership Program at Harvard Business School, further enriching his leadership capabilities.

Melwyn exceptional track record includes significant achievements in cost reduction, technology adaptation, and sustainability initiatives. Moses visionary leadership and passion for excellence align perfectly with our commitment in driving innovation and growth at the company.

Moses is joining the company from UPL Corporation, where he held pivotal roles such as Global HSE head and global formulations head. Moses was also previously associated with Merisant, Zeneca & Syngenta, Pepsico India Holdings, and REIL Products.

Moses brings extensive expertise in manufacturing transformation, supply chain optimization, strategic investment planning, and operational excellence. Having served in key global leadership roles, he has successfully managed operations across 31 manufacturing sites and led teams of over 6,000 personnel, including on-roll and contractual employees.

Borosil Renewables is engaged in the business of manufacturing of extra clear patterned glass and low-iron solar glass for application in photovoltaic panels, flat plate collectors and green houses.

The company reported consolidated net loss of Rs 9.75 crore in Q2 FY25 as against net profit of Rs 25.05 crore in Q2 FY24. Revenue from operations was at Rs 372.42 crore in Q2 FY25, down 7.27% year on year.

Powered by Capital Market - Live News

Net loss of Borosil Renewables reported to Rs 9.75 crore in the quarter ended September 2024 as against net profit of Rs 25.05 crore during the previous quarter ended September 2023. Sales declined 7.28% to Rs 372.42 crore in the quarter ended September 2024 as against Rs 401.66 crore during the previous quarter ended September 2023.

Powered by Capital Market - Live News