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    GRSE shares rises 2% after Q2 net profit climbs 12% YoY

    GRSE shares rose on Thursday after the defence shipbuilder reported a 12% year-on-year increase in Q2 FY27 net profit to Rs 171.97 crore. Revenue grew 9% to Rs 1,827 crore, while EBITDA rose 13%. The company also highlighted key project milestones and infrastructure expansion during the quarter.

    Stocks in news: Tata Power, Cupid, Garden Reach, ITC, Aurobindo Pharma and Vodafone Idea

    Indian benchmark indices have extended their winning streak, closing positively after the Muhurat trading session. Key stocks such as life insurance companies and Tata Power reported notable quarterly earnings results. HDFC Life and LIC showed healthy premium growth, while Tata Power recorded a record profit in Q2 FY27. Other companies like Cupid and Mishra Dhatu Nigam also reported impressive profit increases during the quarter.

    GRSE Q2 Results: Net profit rises 12% YoY to Rs 172 crore, revenue up 9%

    GRSE reported a 12% year-on-year rise in Q2 FY27 net profit to Rs 171.97 crore, compared with Rs 153.79 crore a year ago. Revenue from operations increased 9% to Rs 1,827 crore, while total expenses rose 8% to Rs 1,654 crore. Net profit margin improved to 9.47% during the quarter.

    Market wrap: M&M, InterGlobe, Adani Ports SEZ, ICICI Bank top gainers and losers on Nifty and Sensex on Wednesday

    Sensex surged 773 points and Nifty closed above 25,250 on Wednesday, extending their winning streak to nine consecutive regular sessions. M&M and InterGlobe led the Nifty and Sensex gainers, rising over 5% and 4%, respectively. Adani Ports SEZ and ICICI Bank featured among the top losers on both indices.

    Indian Navy's INS Betwa to get diesel propulsion system in Rs 500-crore refit

    The Ministry of Defence executed a contract worth Rs 498.58 crore for the refit and upgrade of INS Betwa. This project replaces the frigate's steam propulsion with a modern diesel-engine system and enhances its combat systems. The refit aims to improve operational effectiveness while promoting indigenous capabilities in naval repairs. More than 50 micro, small, and medium enterprises will be involved in the initiative.

    Gold prices near Rs 1.45 lakh/10g, silver jumps Rs 2,900/kg on MCX despite rising Fed rate hike bets. Check rates in your city

    Gold and silver recovered modestly after a sharp previous-session decline, but hotter US inflation data fuelled expectations of a December Fed rate hike. Investors also tracked international bullion prices, geopolitical developments and retail gold rates across major Indian cities.

    The Economic Times
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