Lakshya Powertech shares list at 90% premium over IPO price on NSE SME platform

Lakshya Powertech’s shares debut on the NSE SME platform at a 90% premium, opening at Rs 342 against an issue price of Rs 180. Funds from the public offer will address debt repayment, working capital, and general corporate needs. The company operates in oil and gas, renewable energy, power, and industrial sectors.

Coforge shares rally over 7% after reporting 24% YoY jump in Q2 PAT

Coforge reported a profit after tax of Rs 233.6 crore for Q2 2024, marking a 24.3% YoY increase. Revenue grew by 33% YoY. The company also announced an interim dividend of Rs 19 per share. Shares have risen by 35.9% over the past year. Coforge’s CEO expressed confidence in sustained growth.