Nilesh Shah of Kotak AMC praises RBI’s cautious stance on monetary policy and NBFCs. He notes RBI’s proactive actions in managing unsecured loans and inflation. Shah believes the flexible monetary policy will support economic growth, with the RBI projecting a 7.2% GDP growth for FY25 despite global uncertainties and challenges.
Posts in category Economic Times
Torrent Power shares zoom 9% on securing 2,000 MW energy storage contracts from MSEDCL (09-10-2024)
Shares of Torrent Power surged 9% to a 52-week high after signing two letters of award with Maharashtra State Electricity Distribution Company Limited for the long-term supply of 2,000 MW energy storage capacity. The agreements include 1,500 MW energy supply capacity and 500 MW additional storage capacity, with plans for 40-year procurement from a pumped hydro storage plant in Maharashtra.
Bajaj Holdings shares gain 1.68% as Sensex rises (09-10-2024)
The stock quoted a 52-week high of Rs 11348.5 and a 52-week low of Rs 6634.6.
Senco Gold shares climb 5% on strong Q2 business updates (09-10-2024)
Shares of Senco Gold climbed nearly 5% after the company reported strong business updates for the July-September period. Retail growth increased by 27% year-on-year, with same-store sales growth rising to 20% in Q2, up from 4% in Q1.
Cement firms likely to see profits halve in September quarter (09-10-2024)
Domestic cement producers may see profits halved in Q3 due to low volume growth and three-year low prices, amid intense competition and adverse weather impacting demand.
Mphasis shares gain 0.04% as Sensex rises (09-10-2024)
On the technical charts, the RSI of the stock stood at 42.69.
Tata Power stock price up 2.88 per cent as Sensex climbs (09-10-2024)
As of 30-Jun-2024, promoters held 46.86 per cent stake in the company, while FIIs held 9.51 per cent and domestic institutional investors had 7.24 per cent.
RITES shares rally 8% on signing MoU with Etihad Rail for UAE project (09-10-2024)
RITES Share Price: Shares of RITES surged 8% after the company signed an MoU with Etihad Rail to explore railway infrastructure development in the UAE. This partnership aims to enhance connectivity, innovation, and sustainable infrastructure, boosting trade routes and operational efficiency. RITES’ shares have increased by 37% over the past year.
Share price of Varun Beverages jumps as Sensex gains 655.67 points (09-10-2024)
A total of 103,451 shares changed hands on the counter till 11:25AM (IST)
ITC, Ashok Leyland among 5 stocks with short buildup (09-10-2024)
In Wednesday’s trading session, five stocks saw fresh short positions being built.