India’s solar glut threatens a multibagger theme that once delivered 60,000% returns
India’s solar sector has been a stock market powerhouse, with panel makers, developers and EPC players delivering massive returns amid a clean energy push and rapid manufacturing expansion. KPI Green, Borosil Renewables, Tata Power and Adani Green have surged sharply, while standout performer Waaree Renewable Technologies delivered over 60,000% returns. Websol Energy and Solar Industries […]
Karnataka Bank shares rally 7% as Aditya Kumar Halwasia buys Rs 71 crore worth stake
Shares of Karnataka Bank surged after a stake purchase by Aditya Kumar Halwasia, the Chairman and Managing Director (CMD) of Cupid Ltd.
Shaily Engineering shares up 3%; UBS initiates buy with 60% upside potential
UBS has initiated coverage on Shaily Engineering Plastics with a Buy rating and a target price of Rs 4,000, citing strong growth prospects driven by its patented technology, upcoming GLP-1 generic launch, and improving utilisation across consumer and industrial segments. The brokerage expects robust earnings growth and market share gains supported by high entry barriers […]
Infosys, Tech Mahindra, HCL Tech, TCS shares rise up to 3%. Here’s why
Indian IT major shares, including Infosys, Tech Mahindra, HCL Tech, and TCS rallied after US Federal Reserve official John Williams indicated that interest rates could fall “in the near term.” These remarks significantly boosted expectations for a December policy easing (rate cut) by the US Fed.
Teamlease shares rally 11%. How it stands to benefit from India’s labour reforms
TeamLease Services shares surged 11% to Rs 1,840.65 on the BSE following the November 21 implementation of India’s new labour codes. The reforms, including the Code on Social Security, 2020, are expected to accelerate the shift from unorganised to organised employment, boosting demand for staffing firms. Compliance-driven companies like TeamLease stand to gain from higher […]
NBCC shares jump 5% after securing new orders worth over Rs 110 crore
NBCC’s shares gained after the company secured multiple new project orders across Tamil Nadu, Agra, and Jharkhand. Strong yearly gains, premium valuations, and bullish technical indicators support sentiment. Order inflows, stable momentum, and sustained sector demand continue to reinforce investor confidence in the company’s growth outlook.
Groww shares jump over 3%, extend gains for second session. What’s fuelling the rally in Billionbrains?
Groww’s parent, Billionbrains Garage Ventures, rebounded after a sharp fall, supported by strong profitability, high margins and rapid scalability. Despite steep valuations and potential regulatory risks, demand remains firm due to digital dominance and efficient operations. Investor enthusiasm follows heavy FOMO-driven post-listing gains and strong institutional interest during the IPO.
Natco Pharma, 3 other pharma stocks decline up to 2.5% after important inspections at their units. Do you own?
Indian pharmaceutical stocks, including Lupin, Shilpa Medicare, and Natco Pharma, are under scrutiny following recent USFDA inspections at their manufacturing sites. These audits yielded regulatory observations, prompting companies to address the findings. Alkem Laboratories, however, reported no critical issues from a separate Armenian health ministry audit at its Sikkim facility.
HG Infra shares surge 6% after winning Rs 1,415 crore metro rail contract
HG Infra shares: The company, in joint venture with Kalpataru Projects, has become the L-1 bidder for a ₹1,415 crore Maharashtra Metro Rail project. HG Infra will execute 40% of the work, while Kalpataru will handle the remaining 60%.
PSU bank stocks losing momentum, wait for dips before going long: Anand James
PSU bank stocks are showing signs of exhaustion after a strong rally, with indicators like Shooting Star candles and MACD crossovers suggesting a potential pullback. Investors are advised to wait for dips before turning bullish again. Nifty Bank also witnessed an evening star formation, hinting at possible downside moves.