Reliance Power shares hit 5% upper circuit for 6th straight day, reach fresh 52-week high. Here’s why
Reliance Power Share Price: Reliance Power shares hit a new 52-week high, reaching Rs 42.06 on the BSE after the board approved issuing up to 46.2 crore equity shares and/or warrants worth Rs 1,525 crore through preferential allotment. The funds will be used for business expansion, debt reduction, and general corporate purposes.
Power Grid shares surge 4.5% on Goldman Sachs positive outlook
Power Grid Share Price: Power Grid shares rose 4.5% to an all-time high of Rs 366.20 after Goldman Sachs set a target price of Rs 370, citing strong growth prospects and recent project wins.
SpiceJet eyes fleet and market expansion amid low oil prices
Had we needed to we could have actually raised a significantly higher amount. But we think that this amount is sufficient to fund SpiceJet’s expansion plan, which is to go from the current level of 25, 27, 28 aircraft to in excess of 100 aircraft in two years.
PC Jewellers shares rise 4% on considering stock split in upcoming board meeting
In case the company proceeds with the decision of the stock split, this will be the first instance of the company doing so, according to the data available on trendlyne.
Stocks to buy today: Infosys, Hindalco among top 10 trading ideas
In the options market, the highest Call open interest (OI) is at the 27,000 strike, followed by the 26,500 strike. Conversely, the maximum Put OI is at the 25,000 strike and then at the 24,500 strike. Call writing is noted at the 26,000 and 27,000 strikes, while Put writing is observed at the 25,900 and […]
F&O Ban List: Hindustan Copper, IEX among 5 stocks under trade ban on Wednesday
On Wednesday, five stocks are subject to a F&O trade ban: Aditya Birla Fashion and Retail (ABFRL), Granules India, Hindustan Copper, Vodafone Idea, and Indian Energy Exchange (IEX).
Keep away from energy & power sector now, but it is okay to buy these 3 OMCs: Rajat Sharma
Rajat Sharma, Founder & CEO of Sana Securities, advises caution in the overheated energy and energy transition sectors. He recommends considering oil marketing companies like HPCL, BPCL, and GAIL due to favorable oil prices. Sharma believes the power sector in India will perform well but suggests waiting for a market correction before investing.
Hot Stocks: Brokerages on Power Grid, NTPC, BEL and Dabur
Goldman Sachs has reaffirmed a Buy rating on NTPC, setting a target price of Rs 430. The profits from NTPC Green align with expectations, and Goldman values NTPC at Rs 4,173 billion based on a sum-of-the-parts (SOTP) analysis for a 12-month target, with NTPC Green contributing Rs 784 billion. Additionally, a proposed Rs 100 billion […]
In Sensex’s journey from 75K to 85K, HDFC and Bharti Airtel outshined
HDFC Bank, Bharti Airtel, Infosys, ICICI Bank, and M&M contributed over 50%, or 5,700 points, to the recent 10,000-point Sensex rally, as the index surged 13.16% from 75,000 to 85,000, outperforming markets in Japan, France, and China during this period.
ET Analysis: Cash turns out to be a safe harbour when market tide turns
Investors are increasingly holding cash due to concerns over high share valuations and market excesses. Despite criticism, including from Warren Buffett, many prefer the safety of cash or equivalents. Experienced investors are particularly cautious, while newer ones remain bullish. Cash holdings offer a cushion against potential market downturns.