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Indian Energy Exchange Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 13776.60 Crore) operating in Financial Services sector.

The company’s quarter-on-quarter net profit grew by a massive 343 per cent from Rs 20.23 crore in the previous quarter due to strong operating performance and a healthy topline.

The benchmark index opened with small declines after Wall Street ended sharply lower Tuesday as a profit warning by Walmart dragged down retail shares and exceptionally weak consumer confidence data also fuelled fears about spending.

Consolidated revenue jumped 22 per cent YoY for the quarter to Rs 35,853 crore due to strong execution showcased in the infrastructure segment and sustained growth momentum in the IT&TS portfolio.R. Shankar Raman, Group Chief Financial Officer, in a media earnings conference call said, "Despite this being a seasonal quarter.

Promoters held 51.37 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 17.96 per cent and 19.2 per cent, respectively.

On the technical charts, the 200-day moving average of the stock stood at Rs 627.04.

Tata Power posted a nearly 90 per cent jump in its consolidated net profit to Rs 883.54 crore for the April-June quarter of the current fiscal driven by higher income. The power generating firm had posted a net profit of Rs 465.69 crore in the same quarter of 2021-22.

Promoters held 74.03 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 8.42 per cent and 5.09 per cent, respectively.

Solar Industries India Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 25331.33 Crore) operating in Chemicals sector.

Dynamic Cables manufactures power infra cables that include LT, HT, EHVC, power control and instrumentation cables, flexible & industrial cables, solar cables, and railway signalling cables.