Stock Market LIVE: Nifty, Sensex Trade Higher As RIL, Tata Motors, And Kotak Bank Rise

Indian Railway Catering & Tourism Corp. reported a profitable and stable first quarter, with consolidated net profit rising 7% to Rs 330.7 crore, according to an exchange filing on Wednesday.

Revenue also saw a growth of 3.8% to Rs 1,159.68 crore, with a margin of 34.3%. CMD Sanjay Kumar Jain said that while the overall numbers were strong, the growth was driven by certain segments, with e-ticketing growing by 9% and tourism by 21%.

Shares of multibagger counter Inox Wind Ltd. rose after the company sold stake worth Rs 175 crore in its EPC subsidiary, Inox Renewable Solutions Ltd., at a valuation of Rs 7,400 crore. The names of the buyers have not been disclosed.

Through its subsidiary, Inox Renewable Solutions, IWL provides EPC services for wind projects and develops common infrastructure, including power evacuation infrastructure, for renewable projects. The revenue of IRSL and its units contributed 6% in the consolidated income of Inox Wind in FY25.

Hindustan Zinc Ltd. share price rose in Tuesday's session as the company announced setting up India's first zinc tailing processing unit. The Vedanta-Group company will set up the unit at Rampura Agucha, Bhilwara district, Rajasthan.

• Rupee strengthened 31 paise to 87.04 a dollar

• Intraday level is highest since July 30

• It closed at 87.35 a dollar on Monday.

Source: Bloomberg

Alembic Pharmaceuticals Ltd. received the US Federal Reserve approval for Macitentan tablets, 10 miligram. These tablets are used for treatment for pulmonary arterial, the company said in the exchange filing.