Is transformer sector losing its charm?
All players in transformer and power distribution sector are looking technically weak since last 2 months including Voltamp.
Indotech – A turnaround story? (27-09-2024)
Is transformer sector losing its charm?
All players in transformer and power distribution sector are technically they are weak because stocks are trading below 50DMA. Any thoughts on this from anyone closely tracking this sector?
Government of India to borrow Rs 6.61 lakh crore in second half of FY 2024-25 (27-09-2024)
The Government of India, in consultation with the Reserve Bank of India, has finalized its borrowing programme for the second half (H2) of FY 2024-25. Out of Gross Market borrowing of Rs 14.01 lakh crore budgeted for FY 2024-25, Rs 6.61 lakh crore (47.2%) is planned to be borrowed in H2 through issuance of dated securities, including Rs 20,000 crore of Sovereign Green Bonds (SGrBs). The gross market borrowing of Rs 6.61 lakh crore shall be completed through 21 weekly auctions. The market borrowing will be spread over 3, 5, 7, 10, 15, 30, 40 and 50 year securities. The share of borrowing (including SGrBs) under different maturities will be: 3-year (5.3%), 5-year (10.6%), 7-year (7.6%), 10-year (24.8%), 15-year (13.2%), 30-year (12.1%), 40-year (15.9%) and 50-year (10.6%).
This microcap garments & apparels stock has zoomed 130% in 6 trading days (27-09-2024)
Virat Industries share price was up 10% at Rs 299.10 after Bhavook Tripathi announcef sn open offer to acquire up to 3.7 million equity shares or 25.45% from the public shareholders
Shilchar Technologies – Power & Distribution Transformers – Sunrise Sector? (27-09-2024)
Is transformer sector losing its charm?
All players in transformer and power distribution sector have lost 15-25% of share value in last couple of months. Technically they are weak because stocks are trading below 50DMA. Any thoughts on this from anyone closely tracking this sector?
REPL Group gets registration for SM-REIT from Sebi, to launch IPO soon (27-09-2024)
Rudrabhishek Enterprises Ltd (REPL), which offers consultancy for integrated urban development and infrastructure, has received registration for Small and Medium Real Estate Investment Trusts (SM REITs) from market regulator SEBI.
The approval is under the name ImpactR SM REIT, REPL said in a statement on Thursday.
This is the second SM-REIT in India to receive this registration following the new regulations.
“We will soon be launching our first IPO (Initial Public Offering) under ImpactR SM REIT. Moving forward, we plan to expand beyond traditional residential and commercial assets, introducing diverse asset classes such as warehousing, hospitals, hotels, and industrial spaces,” said Pradeep Misra, CMD of REPL.
SEBI first notified the regulations for SM-REITs on March 8, 2024, setting out a regulatory framework aimed at streamlining Fractional Ownership Platforms (FOPs) and enabling wider participation in real estate investments.
With this registration, REPL will serve as the …
SRF shares up 1.29% as Nifty gains (27-09-2024)
A total of 3,911 shares changed hands on the counter till time (IST).
NTPC’s prospects appear robust, except seasonal impact (27-09-2024)
Power generation decelerated 4.7 per cent year-on-year (Y-o-Y) to 155 billion units (BU) in August 2024. This was the first downtrend in many years, albeit on a high base – generation had increased 19 per cent Y-o-Y to 163 billion units (BU) in August 2023. The dip was partly due to excess rainfall, which pared cooling demand and also reduced need for irrigation.
Akme Fintrade inks pact with MAS Financial for MSME co-lending; stock up 3% (27-09-2024)
The rise in Akme Fintrade share price came after the company said that it has partnered with MAS Financial Services for co-lending in the MSME sector.
Suzlon Energy shares downgraded by Morgan Stanley, stock falls 2% (27-09-2024)
Global brokerage Morgan Stanley has downgraded Suzlon Energy shares from “overweight” to “equal weight,” resulting in a 2% drop in shares to a day’s low of Rs 80.5. Despite the downgrade, Morgan Stanley increased its price target for Suzlon to Rs 88 per share, up from Rs 73, indicating a potential upside of 8% from Thursday’s closing price of Rs 81.8.