Zodiac Energy Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

The frontline indices continued to trade with modest losses in morning trade. The Nifty slipped below the 23,900 level after hitting the day's high of 24,065.80 in morning trade. Private bank shares witnessed selling pressure for the fourth consecutive trading session.

At 10:29 IST, the barometer index, the S&P BSE Sensex, declined 221.80 points or 0.26% to 78,936.31. The Nifty 50 index lost 67.90 points or 0.28% to 23,883.80.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.51% and the S&P BSE Small-Cap index fell 0.38%.

The market breadth was negative. On the BSE, 1,668 shares rose and 1,917 shares fell. A total of 181 shares were unchanged.

New Listing:

Shares of International Gemmological Institute India were currently trading at Rs 474.25 at 10:25 IST on the BSE, representing a premium of 13.73% as compared with the issue price of Rs 417.

The scrip was listed at Rs 504.85, exhibiting a premium of 21.06% to the issue price.

So far, the stock has hit a high of 525 and a low of 472.20. On the BSE, over 25.56 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Private Bank index dropped 1.06% to 24,791.15. The index plunged 4.54% in four consecutive trading sessions.

RBL Bank (down 5.03%), Axis Bank (down 2.11%), IDFC First Bank (down 1.14%), Federal Bank (down 1.12%), IndusInd Bank (down 1.10%), HDFC Bank (down 0.85%), Kotak Mahindra Bank (down 0.54%), City Union Bank (down 0.49%), ICICI Bank (down 0.25%) and Bandhan Bank (down 0.10%) declined.

Stocks in Spotlight:

Mufin Green Finance shed 0.61%. The company has entered into finance agreement with United States International Development Finance Corporation, a U.S. Government's development finance institution for the financial facility up to the sum of USD 18 million.

BASF India surged 8.79% after the company’s board has given in-principle approval for the demerger of the company’s agricultural solutions business into a separate listed entity. The agricultural solutions business generated sales of Rs 2,006.46 crore, representing 14.57% of the total revenues of the company in FY24.

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The order includes designing, engineering, supplying, installing, testing, and commissioning of grid tied 2 MWp Rooftop Solar System Turnkey with Battery Energy Storage System (BESS) basis.

The said order is valued at USD $720,626.00 and it is expected to be completed till 28 February 2025.

Zodiac Energy is engaged in the business of installation of Solar Power Generation Plant/Items.

The company’s consolidated net profit jumped 68.2% to Rs 2.49 crore on 53.4% increase in net sales to Rs 52.77 crore in Q2 FY25 over Q2 FY24.

The counter declined 1.35% to end at Rs 538 on Thursday, 19 December 2024.

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Net profit of Zodiac Energy rose 68.24% to Rs 2.49 crore in the quarter ended September 2024 as against Rs 1.48 crore during the previous quarter ended September 2023. Sales rose 53.36% to Rs 52.77 crore in the quarter ended September 2024 as against Rs 34.41 crore during the previous quarter ended September 2023.

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Zodiac Energy will hold a meeting of the Board of Directors of the Company on 12 November 2024

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