The Indian market is expected to open higher on Tuesday, supported by positive global cues. The Nifty futures rose 1.74% to 24,301 on Monday, with India VIX falling 5%. Options data indicates a broader trading range between 23,700 to 24,700, with immediate support at 24,150 and resistance at 24,500. Experts recommend stocks like Infosys, Wipro, and SBI for short-term trading.
Posts in category Economic Times
BHEL, Hitachi Energy India shares rally up to 9% on receiving work order from Power Grid (26-11-2024)
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 9%.
Buy Apollo Hospitals, target price Rs 8,020: Motilal Oswal Financial Services (26-11-2024)
Motilal Oswal Financial Services has issued a buy call for Apollo Hospitals Enterprise, setting a target price of Rs 8,020. They project a 20% EBITDA CAGR and 18% PAT CAGR for the company from FY24 to FY27. This positive outlook is driven by anticipated growth in Healthco’s profitability, increased patient capacity, and strong performance in the diagnostics sector.
Bullish Momentum: 6 stocks that formed White Marubozu Pattern on Nov 25 (26-11-2024)
Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session.
KEC International stock in focus on securing new orders worth Rs 1,114 crore (26-11-2024)
KEC International’s shares are in focus on Tuesday following the announcement that the company has secured new orders totaling Rs 1,114 crore. These orders span across its transmission & distribution (T&D), civil, railways, and cables segments. Specifically, the T&D division received orders for a 400 kV transmission line project in Oman and for the supply of towers, hardware, and poles in the Americas. Additionally, the civil division secured contracts within India’s industrial sector.
Vedanta shares jump over 1% as company seeks up to $1.2 billion via bonds to refinance debt (26-11-2024)
Vedanta share price: The bonds are raised through its issuing entity Vedanta Resources Finance II PLC. The bonds are fixed-rate senior unsecured guaranteed notes issued under 144A/Regulation S. The company gave initial price guidance of 10.375%, but was able to close the 3.5-year bond at 10.25% and 7-year bond at 11.25%.