Stocks

Jyoti CNC Automation drops after fire at Rajkot manufacturing facility

• Jyoti CNC fell 3.30% to Rs 1,030.50 after disclosing a fire at its Rajkot manufacturing facility
• The factory fire puts Jyoti CNC’s production and earnings at risk

Explained - Two key reasons why Borosil shares are up 6% in a weak market

• Borosil shares rose 6% in a weak market
• Borosil is expanding manufacturing capacity to replace Chinese imports
• Import substitution and capacity expansion are supportive for Borosil and domestic manufacturers

Chemplast Sanmar resumes operations at Karaikal manufacturing plant

• Chemplast Sanmar partially restarted operations at its EDC manufacturing plant in Karaikal
• The restart may support Chemplast Sanmar’s production and revenue as operations resume

NMDC Steel Share Price Jumps Nearly 2% After It Commissions Rs 5,427 Crore Iron Ore Processing Plant

Hitachi Energy India Ltd Slides 1.81%

• Hitachi Energy India shares slid 1.81%
• The stock lost 8.47% over one month, versus 5.28% for the BSE Capital Goods index and 4.57% for the Sensex
• Hitachi Energy India shareholders face continued weakness versus the broader market

Cyient DLM sees 25-30% growth in electronics design and manufacturing

Fujiyama Power Systems plans 1.2 GW solar cell plant; reports differ on location

• The planned solar cell facility will have 1.2 GW capacity
• Reports differ on the location: Madhya Pradesh in two reports, Maharashtra in one
• Solar cell production using TopCon technology is expected by fiscal year-end
• The capacity addition may intensify competition for Indian solar manufacturers, including listed renewables suppliers