Introduction The bulls on the D-Street are celebrating as retail inflation hits a fresh 25-month low, staying comfortably within the RBI’s desired range of below 6%. This positive news has sent the Nifty and Sensex soaring with gains of over 0.5%, surpassing the psychological milestones of 18,700 and 63,000, respectively. While the broader markets are …
On Monday, State-owned SJVN Ltd arm SJVN Green Energy bagged a 200 MW wind power project entailing an investment of Rs 1,400 crore in a tariff-based competitive bidding conducted by Solar Energy Corporation of India. This wind power project will be developed by SJVN Green Energy anywhere in India through EPC (engineering procurement construction) contract, …
The stocks crossing a 52-week high indicates positive market sentiment and a vote of confidence in the company’s performance. It can signal potential price momentum and attract more investors, increasing demand and pushing the stock’s price higher. Psychologically, it generates excitement and attention among traders and investors. Crossing this level can also be seen as …
Mahanagar Gas has signed a memorandum of understanding (MoU) with the Brihanmumbai Municipal Corporation to set up 1,000 tonnes per day (TPD) compressed biogas (CBG) plant in the megapolis at an investment of around Rs 500 crore. The proposed plant will process up to 1,000 TPD of deep-segregated food and vegetable waste that will be …
EPS stands for “Earnings Per Share.” It is a financial metric used to assess the profitability of a company and is often reported by publicly traded companies in their financial statements. EPS represents the portion of a company’s profit allocated to each outstanding share of common stock. EPS is calculated by dividing the net income …
Company Overview PTC Industries Ltd is a prominent supplier of castings, machined components, and fabricated parts essential for critical and supercritical applications worldwide. It has gained a reputation for delivering high-quality products in various materials. Its product portfolio encompasses a diverse range of materials, including Titanium Alloys, Alloy Steel, Stainless Steel, Duplex and Super Duplex …
Power Finance Corporation’s wholly-owned subsidiary — PFC Consulting has incorporated two wholly-owned subsidiaries i.e., Bikaner III Neemrana Transmission and Neemrana II Bareilly Transmission. Bikaner III Neemrana Transmission has been incorporated for the development of a ‘Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex) Part-A’ on June 8, 2023. PFCCL has …
The Nifty index concluded the trading session with a modest gain of 0.19%, surpassing the 18,600 level. Similarly, the Sensex index closed 0.2% higher, crossing the 62,900 mark. The Nifty Midcap index and the Nifty Smallcap index ended on a positive note, recording gains of 0.25% and 0.22%, respectively. At the closing bell, Nifty Media, …
In such a strong bullish trading session, Nifty Metal witnessed strong buying activity as it crossed previous multiple swing highs and one stock from the same sector showed decent strength and is ready to register a breakout of the Trend Reversal pattern weekly charts. The stock is Steel Authority of India Limited (SAIL), which is …
On Friday, the Nifty 50 Index began at 18550.85, reached a peak of 18573.70, and ended the day with a marginal change of 46.35 points, closing at 18534.10. The Nifty Realty Index performed exceptionally well and was the second-best performing index on the NSE, closely followed by the Nifty Metal Index. Starting at 485.20, the …
