News for Swan Energy Limited (SWANENERGY.NS)

Indian markets closed nearly flat as IT gains offset consumer stock declines. Persistent FII outflows, weak earnings, and global trade worries kept sentiment cautious, while small and midcap stocks lagged due to valuation concerns.

Out of the 938 stocks in the BSE Smallcap index analysed by ETMarkets, 909 stocks ended the week in the red with the highest fall of 41% witnessed in NGL Fine-Chem.

Balu Forge Q3 Results: Balu Forge posted a 134% YoY jump in Q3FY25 net profit at ₹59 crore, with revenue surging 74% to ₹256 crore. EBITDA margins expanded to 26.47%, driven by operational efficiencies and high-margin products. The company also announced strategic diversification plans.

Indian markets closed higher Monday, led by gains in Kotak Mahindra Bank and Wipro after strong earnings, while Zomato's weak results weighed. Sensex gained 454 points, and Nifty rose 141 points.

India's benchmark indices fell sharply, with Sensex down 1.59% and Nifty 1.62%, driven by broad-based selling and cautious investor sentiment over Human Metapneumovirus (HMPV) cases and global economic uncertainties, including the Fed's hawkish stance and strong dollar.

Last year, Swan Energy Ltd acquired the company with the goal of becoming a leading private player in the manufacturing of naval defence and oil and gas vessels.

Indian markets closed lower on Wednesday, dragged by banks and ahead of the US Fed rate decision. The market is cautious about potential policy changes in the US and India's high valuation. The rupee's weakness and a widening trade deficit are also concerns.

The NSE Nifty index closed 31.75 points up at 24641.8

The NSE Nifty index was trading 101.36 points down at 24366.1

In the Nifty 50 index, 22 stocks ended in the green, while 28 stocks closed in the red in today's trade.

Swan Energy Limited resumes operations at Pipavav shipyard, completing refit of Indian Coast Guard vessel ahead of schedule.

Swan Energy Ltd.'s share price rose to the highest level in nearly two months after the company informed the exchanges that its subsidiaries' boards had agreed to a merger. Triumph Offshore Pvt. Ltd., a wholly–owned subsidiary, and Reliance Naval and Engineering Ltd., a step down subsidiary, at their board meetings on Nov 22, approved a scheme of arrangement and amalgamation between the companies, the creditors and shareholders, Swan Energy said in an exchange filing on Friday.

In the Nifty 50 index, 49 stocks ended in the green, while 1 stocks closed in the red in today's trade.

Sensex, Nifty updates on August 2, 2024. - The benchmark BSE Sensex fell 885.6 points, or 1.08%, to 80,981.95, while the NSE index dropped 284 points, or 1.14%, to 24,726.9, driven down by declines in IT and auto stocks. This downturn followed weaker-than-expected US data, triggering a global sell-off. Top gainers on the NSE included Divi’s Lab, HDFC Bank, Dr Reddy’s Lab, Sun Pharma, and Britannia, while major losers were Eicher Motors, Tata Motors, Maruti, JSW Steel, and Hindalco. Srikanth Chauhan of Kotak Securities reported that Friday’s correction wiped out weekly gains, though BSE Midcap and Smallcap indices performed better. He noted healthy domestic indicators like a 58.1 Manufacturing PMI and 10% GST growth amid global market reactions to central bank meetings and FPI outflows. Vinod Nair from Geojit highlighted a broad sell-off due to high valuations and weak Q1FY25 earnings despite potential US Fed rate cuts.

National Stock Exchange updates collateral criteria, leading to exclusion of stocks like Adani Power and Yes Bank. Over 1,000 securities affected. Changes in effect from August 1. Investors advised to review their portfolios.

Stocks to watch on July 9: Three Blackrock affiliates acquired a stake worth Rs 304 crore in Swan Energy through open market transactions on Monday

Swan Energy share price: Shares of Swan Energy fell 4.86 per cent to settle at Rs 538.35. The stock has slipped 18.29 per cent in the past one month.

The Nifty Realty index was trading 0.3 per cent down at 960.45.

The Nifty Realty index closed 0.89 per cent up at 965.75.