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.
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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.
SBFC Finance gets corporate agency license from IRDAI (26-11-2024)
SBFC Finance said that it has received certificate of registration from Insurance Regulatory and Development Authority of India (IRDAI) to act as a corporate agent under the insurance ACT 1938.
Ganesh Benzoplast – Cash rich chemical storage/tank king (26-11-2024)
Generally the in-house legal team, if at all, would not be the one who will fight cases in courts. Also companies of GBL size would probably not have a large in-house legal team too.
Disc: Invested