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Sterling & Wilson Renewable Energy reported a net profit of Rs 8.57 crore in Q2FY24, up from a net loss of Rs 54.51 crore in Q2FY23. Revenue from operations jumped 35.7% to Rs 1,030.49 crore. For the half year ended September 2024, PAT stood at Rs 13.40 crore, up from a net loss of Rs 149.83 crore in the same period of the previous financial year.

The rupee, which weakened below the key support level of 84 for the first time on Friday, ended unchanged at 84.06 on Monday after dipping to a record low of 84.0750 earlier in the session.

The Nifty Realty index closed 1.61 per cent up at 1057.35.

The value of new businesses (VNBs) for Q2FY25 is projected to be between Rs 900-978 crore, reflecting a year-on-year growth of 12% to 22%, according to brokerage estimates. Sequentially, annualized premium equivalent (APE) could rise by 24-34%, while VNB is expected to increase by 25-36%.

Over 180 stocks are held by more than 100 mutual fund schemes as of September 2024. Among them, nine stocks have shown remarkable performance with price returns between 80% and 130% in the current fiscal year.

The stock quoted a 52-week high of Rs 5484.0 and a 52-week low of Rs 3618.85.

The Reserve Bank of India allowed the Rupee to weaken beyond the 84 mark, influenced by significant global fund outflows and shifting valuations. While the RBI aims to maintain the competitiveness of the Rupee and control volatility, it is showing more readiness to prevent Rupee appreciation rather than depreciation to conserve reserves.

Cryptocurrency markets rose on Monday, led by Bitcoin and Ethereum, following stable U.S. producer prices. Bitcoin trades at $64,023, signaling potential for further gains amid positive market sentiment.

The Relative Strength Index of the stock stood at 59.18 on Monday.