Niyogin Fintech’s shares are in focus after Morgan Stanley acquired over 6.7 lakh shares for Rs 3.74 crore in a block deal. The stock surged 15% on Tuesday but has underperformed over the past year, down 14%, with a 33% decline this year. Despite the correction, the stock remains in an overbought zone, showing volatility.
Posts in category Economic Times
Waaree Energies shares in focus after securing 600 MWp solar module order (27-11-2024)
Waaree Energies’ shares will be in focus after securing a 600 MWp solar module supply order for a renewable energy firm in India. The modules, set for delivery in FY2025-26, align with India’s clean energy goals. Waaree’s high-efficiency modules, known for durability and technology, will be supplied.
Buy Transport Corporation of India, target price Rs 1,290: Motilal Oswal Financial Services (27-11-2024)
Motilal Oswal recommends buying Transport Corporation of India (TCI) stock, targeting a price of Rs 1,290. TCI, a multimodal logistics provider, reported strong Q2 financials with increased total income and net profit. The brokerage projects a 15%/19%/18% CAGR in revenue/EBITDA/PAT over FY24-27, driven by TCI’s diverse offerings and established infrastructure.
Adani, nephew not charged under US Foreign Corrupt Practices Act: Adani Green (27-11-2024)
The US Department of Justice has charged Adani Group executives with financial crimes. The charges relate to an alleged bribery scheme in India. The executives are accused of securities and wire fraud conspiracy. They are not facing charges under the Foreign Corrupt Practices Act. The Adani Group denies the allegations and plans to fight the charges.
Angel One shares in focus after subsidiary secures Sebi license for mutual fund business (27-11-2024)
Shares of Angel One are expected to remain in the spotlight after the company announced on Tuesday that its wholly-owned subsidiary, Angel One Asset Management Company, received approval from the Securities and Exchange Board of India (SEBI) to manage Angel One Mutual Fund.
Adani stocks in focus after Moody’s changes rating outlook on 7 companies to negative (27-11-2024)
Adani Group stocks are likely to be in focus on Wednesday after Moody’s revised the outlook on seven of its companies, including Adani Green Energy and Adani Ports, from stable to negative. The affected entities include two units each of Adani Green Energy and Adani Transmission, as well as Adani Electricity Mumbai, APSEZ, and Adani International Container Terminal.
RVNL shares in focus after receiving Rs 625 crore contract from South Central Railway (27-11-2024)
Shares of Rail Vikas Nigam Ltd (RVNL) are expected to stay in focus on Wednesday after the company received a Letter of Acceptance from South Central Railway for the Rs 625.09 crore project to double the track between Parbhani and Parli station.
At multi-year highs: These 5 stocks witness 5-year swing high breakout (27-11-2024)
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.