Momentum Pick: Will rally in multibagger Suzlon Energy stock continue?

Analyst Rajesh Palviya, Senior Vice President – Technical and Derivatives Research at Axis Securities said the stock made higher tops and higher bottoms on technical charts, displaying a strong uptrend. On the quarterly chart, the stock has confirmed a rounding bottom formation breakout at levels around 17 on a closing basis, which signals positive bias, […]

Asian stocks climb with economic data in focus

An Asian equity gauge climbed 0.5%, supported by gains in Hong Kong, Japan and Australia. Shares in mainland China fell at the open, before heading into positive territory. US futures steadied following the S&P 500’s first back-to-back advance in August.

Rishabh Instruments holds promise in energy efficiency

The promoter holding would drop to 70.6% post-IPO from 80.67%. Long-term investors may consider the IPO owing to earnings visibility in the energy efficiency product segment. The company’s ability to develop products in lower lead time, the potential for margin expansion, and likely incremental revenue from electronic manufacturing services are draw cards for the IPO.

Next generation of Ambanis set to enter RIL boardroom

Mukesh Ambani, the chairman of Reliance Industries Ltd (RIL), announced that his three children – Isha, Akash, and Anant – will be inducted as non-executive directors on the RIL board. Ambani will continue as chairman and managing director for another five years. In addition, his wife, Nita Ambani, has resigned from the RIL board to […]