Reserve Bank Of India or RBI stated in a latest update that service sector firms retained positive assessment about their overall business situation, turnover and employment position in Q2:2024-25 with somewhat lower sanguinity vis-vis the previous quarter. Pressures emanating from cost of finance, input prices and wages witnessed moderation. Sentiments on growth in selling prices and profit margins moderated but remained positive. Respondents remained highly optimistic on demand conditions in Q3:2024-25, though their optimism regarding overall business situation and job landscape stood lower vis-vis the previous quarter.
What’s driven a 200% rally in this power tech co in 2024 so far? Details (10-10-2024)
In the past three trading days, the stock price of Hitachi Energy India has surged 15% after the company announced its plans to invest around Rs 2,000 crore over the next four to five years.
Is Suzlon a turnaround story after FY16 (10-10-2024)
→ Suzlon Energy partners with Jindal Renewables for 400 MW captive wind power deal.
- This marks the first wind energy project for the renewable energy division of the Jindal Group
- Suzlon will supply 127 state‐of‐the‐art wind turbine generators (WTGs) with Hybrid Lattice Tubular (HLT) towers, each having a rated capacity of 3.15 MW in the Koppal region in Karnataka.
- With the new order win, Suzlon Energy’s cumulative order book now stands at nearly 5.4 GW.
Source:
Also, Tata Power is on a lookout for a whooping 3GW Wind Energy unit suppliers in the market, and Suzlon is in the race for the bid.
- This order win will be very crucial for Suzlon.
- It will establish its credibility and superiority for future orders from various power orgs.
Soma Textiles & Industries Ltd leads gainers in ‘B’ group (10-10-2024)
Xelpmoc Design and Tech Ltd, Ausom Enterprise Ltd, Ashoka Metcast Ltd and Heads UP Ventures Ltd are among the other gainers in the BSE’s ‘B’ group today, 10 October 2024.
Bernstein Quants cut Indian stocks, see further upside for China (10-10-2024)
India’s market seems “to be quite vulnerable in the near-term driven by record high relative valuations to China and emerging markets,” quant strategists Rupal Agarwal and Cheng Zhang wrote in a note Thursday.
Colgate-Palmolive share price up 0.04 per cent (10-10-2024)
A total of 802 shares changed hands on the counter till 12:11PM (IST).
5 lesser-known Tata Group shares have surged up to 90% in 2024; what next? (10-10-2024)
TRF, Automotive Stampings, Orient Hotels and NELCO can surged up to 24% from present levels, suggest technical charts. The trend, however, looks weak for Tejas Networks.
Ashoka Buildcon up 5% as JV emerges lowest bidder for order of Rs 1,668 cr (10-10-2024)
The rise in the share price came after the company announced that its joint venture (JV) has emerged as the lowest bidder for a project of Rs 1,667.78 crore from CIDCO