Hitachi Energy shares rally 10% on winning order from Power Grid
Hitachi Energy shares surged 10% after securing a Rs 25,000 crore HVDC project with Power Grid Corporation. The project aims to evacuate renewable energy, with execution expected by 2029.
Adani Group stocks fall up to nearly 6% even as GQG Partners stands firm amid bribery case
Adani Group stocks fell up to 6% after a US bribery scandal linked to Adani Green Energy employees. GQG Partners, a major investor, reaffirmed its commitment, stating the scandal doesn’t impact its investment thesis. While Adani Green Energy shares tumbled 6%, other Adani stocks saw smaller declines. GQG expressed confidence in the fundamentals of its […]
SBI, M&M and Hindalco poised for double-digit returns in 2025: Rahul Shah
What we feel that PSU basket holds the topmost allocation as a PSU as a whole PSU banks earnings if we look at it last three-four year versus the earnings which they reported this quarter, most of the banks reported very strong earnings in terms of asset quality, in terms of if we look at […]
KEC International shares slide over 3% despite securing new orders worth Rs 1,114 crore
KEC International’s stock dipped 3.5% despite securing Rs 1,114 crore in new orders across various segments. The company’s MD expressed satisfaction with the contracts, highlighting growth in the Middle East and technologically advanced metro projects. Analysts maintain a ‘Buy’ rating, even though the stock has significantly surged in 2024.
Ashoka Buildcon shares rally 5% after winning Rs 1,391 crore NHAI road project
Ashoka Buildcon’s shares rose 5% after securing a Rs 1,391 crore road project in West Bengal from NHAI. The project, part of a four-lane economic corridor, is expected to be completed within 910 days. The company recently reported a significant jump in Q2 FY25 profits, with net profit surging 334% YoY.
Swiggy shares rally 4% as UBS initiates coverage with Rs 515 target price
Swiggy share price: Swiggy shares rose 4% after UBS initiated coverage with a ‘buy’ rating and target price of Rs 515, citing growth potential in online food delivery and quick commerce amid improving margins.
NTPC Green Energy shares listing tomorrow. Check GMP, allotment status, other details
NTPC Green Energy IPO Allotment Status: Shares of NTPC Green, which had its IPO open from November 19 to November 22, are expected to be listed onNovember 27. Shares were allocated on November 25 via a lottery system, supervised by the registrar. In the unlisted market, the shares are trading at a GMP of Rs […]
BHEL shares rally up to 9% on receiving work order from Power Grid
BHEL share price: BHEL and Hitachi Energy India secured a contract from Power Grid to build HVDC terminal stations for a 6,000 MW renewable energy project. The stations will transmit power from Gujarat to Maharashtra, part of India’s 500GW renewable energy plan. BHEL’s shares rose 2% following the announcement, while Hitachi Energy’s shares surged over […]
Continue to like bank & IT stocks, not worried about short-term volatility: Roshi Jain
HDFC AMC’s Roshi Jain believes near-term market volatility is not a concern for long-term investors. Indian markets offer opportunities. Jain expects earnings growth to remain in double digits. Government capex may slow, but private sector investment is picking up. The auto sector and banks are promising areas for growth. India’s growth story remains intact.
Edelweiss Financial shares jump over 1% on plans to sell minority stake in MF arm
Edelweiss Financial share price: Edelweiss Financial Services’ shares rose after the company announced plans to sell a minority stake in its mutual fund business. The firm aims to divest 25-35% for a $600 million valuation, seeking a strategic partner. While appointing an advisor, Edelweiss clarified its commitment to enhancing shareholder value through stake sales or […]