TORRENT POWER NEWS
7 mutual funds reduce stake in these mid cap stocks
Around seven mutual funds reduced their exposure in mid cap stocks in May. Here is the breakup of stocks, according to the Mutual Fund Insight report by Nuvama Alternative & Quantitative Research.
Adani group companies, LTTS among 19 companies in focus today & tomorrow
Adani group companies and LTTS, among others, are in focus for corporate actions like dividends and AGMs this week.
Stocks in news: BHEL, Chetan Rajpara, Kalpataru Projects, Torrent Pharma, Century Textiles
Indian equity markets are witnessing dynamic movements with substantial swings. Shares of BHEL, Chetan Rajpara, Kalpataru Projects, Torrent Pharma, Century Textiles, and others will be in focus today. Updates on Force Motors, Bharat Heavy Electricals Limited, Uno Minda, NBCC, and Coal India. News on Mirzapur Thermal Energy, Sun Pharma Advanced Research Company, Inovance Automotive, Birla Estates, and Takeda Pharmaceuticals.
Stocks with tailwinds called advantage India: 5 largecap stocks from 3 different sectors with an upside potential of upto 36 %
In terms of valuations and sentiment we are not far from the place where we were in the last quarter of 2023 or early part of this year. When it was not possible to find stocks which can be called as “fairly valued” forget “undervalued”, and the sentiment was very bullish. The only difference between then and now is that we have election results which are coming up. Surely a confirmation on 4th June that continuity in the policy making is a big factor. But there is another thing which long term investors need to look at before investing. Whether the company or the sector has an advantage due to India as a country. A well known example, which has been present for decades is that of the IT industry. India as a country is a factory of software engineers, and that is our strength. So when investing for the long term, look at sectors where we have some strong tailwinds due to our human capital.
Stocks in news: NTPC, Cochin Shipyard, Hindustan Copper, Karnataka Bank, Narayana Hrudayalaya
Torrent Pharmaceuticals consolidated net profit surged 56.45% to Rs 449 crore in Q4 FY24 as compared with Rs 287 crore recorded in Q4 FY23. Revenue from operations rose 10.2% YoY to Rs 2,745 crore in the quarter ended 31 March 2024.
Stocks in news: ITC, IndiGo, Grasim, Power Grid, Nykaa, Gland Pharma
Grasim Ltd, part of the Aditya Birla Group, reported 39% growth in its consolidated net profit (excluding exceptional item) at Rs 1,908 crore for the quarter ended March 2024.
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RIL, TCS among top 10 stock holdings of Axis Mutual Fund
Launched in January 2009, the Axis Mutual Fund manages assets worth Rs 2.82 lakh crore as of February. The fund house has 87 mutual fund schemes. Here are its top 10 stock holdings, according to a report by Motilal Oswal Financial Services.
Smallcaps make a striking comeback with 52 double-digit gainers. Are valuation concerns over?
Around 52 smallcap stocks delivered double-digit returns and Manoj Vaibhav Gems was the top gainer at 43%. It is followed by eMudhra and Vadilal Industries, whose shares jumped 40% and 25%, respectively.
Auto, metals power Sensex’s 105-point jump; Nifty tops 22,050
Among Sensex stocks, Tata Steel, M&M, JSW Steel, and Tata Motors were the top gainers, rising 2.5-5%. Axis Bank, Sun Pharma, Reliance Industries, and Maruti also ended with gains, while Infosys, TCS, Titan, and Wipro ended with cuts.
Stocks in news: Indian Hotels, RailTel, Dr Lal PathLabs, Torrent Power, Lupin
RailTel received an order worth Rs 352 cr from BMC for supply, operations and maintenance of the health department of the corporation.
Stocks in news: Jio Financial, Paytm, Axis Bank, Torrent Power, Asian Paints
Jio Financial has been added to BSE Allcap and LargeMidcap indices in a major rejig. The changes will be effective from March 18.
F&O stocks: ICICI Prudential, Dixon Technologies among 5 stocks with long buildup
Some additional checks would help traders in taking better trading decisions as they increase the probability of a follow-up of the upward movement in the stock price. First, if this fresh long build has come when the stock is very close to its 52-week high, that increases the probability of the stock attempting to break its previous 52-week high.
Torrent Power, Lanco emerge as lowest bidders in gas-fired power auction
Torrent Power's DGEN Power plant and Lanco Group were among the lowest bidders in an auction to supply natural gas-fired power during peak electricity demand in India, a document revealed. India, predominantly reliant on coal for electricity generation, is turning to gas-fired power amid fears of shortages during Prime Minister Narendra Modi's election year.
Ashok Leyland, Power Grid Corporation among 5 stocks with top short covering
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw top short covering. Here's the list:
Technical Breakout Stocks: How to trade Sobha, Torrent Power and Tata Consumer on Friday
Stocks that were in focus include names like Sobha Ltd which was up more than 16% to hit a fresh record high, Torrent Power gained more than 7% and Tata Consumer Products closed with gains of over 3% to hit a fresh record high.
Torrent Power shares soar 13% on signing Rs 47,350 crore MoU with Gujarat government
This comes as part of the investment promotion activity for Vibrant Gujarat Global Summit 2024, the company filing on Wednesday, said.
Stocks in news: Dr Reddy's, Alkem Labs, Cochin Shipyard, IDFC First Bank, Torrent Power
Three promoter entities cumulatively sold around 3% stake in Kolte-Patil Developers for Rs 111 crore through the open market on Friday.
Buy Torrent Power, target price Rs 970: Prabhudas Lilladher
Torrent Power Ltd. key Products/Revenue Segments include Income From Power Supply, Traded Goods and Other Operating Revenue for the year ending 31-Mar-2023.
Breakout Stocks: How Aster DM, Borosil Renewables and Torrent Power are looking on charts for Thursday’s trade
Sectors that were in focus include banks, auto, IT, oil & gas, and capital goods. Selling was seen in realty and consumer durable stocks.
Breakout Stocks: How to trade BSE, Torrent Power and PFC on Wednesday after they hit fresh highs
The Indian market remained shut on Tuesday on account of a public holiday. Sectorally, buying was seen in metal, public sector, energy, utilities, and power stocks while selling was visible in IT, consumer durables, and healthcare stocks.
Stocks in news: ZEE, Tata Motors, Coal India, M&M, LIC
Moody's has upgraded the corporate family rating of Tata Motors and Jaguar Land Rover to “Ba3” from “B1”, while maintaining a positive outlook.
Stocks in news: ICICI Bank, Kotak Bank, YES Bank, Torrent Pharma, Tata Power, RBL Bank
Shares of Torrent Pharma, Lloyds Metals, and PNB Housing will be in focus as the companies will announce their second quarter results.
Stocks in news: RIL, ICICI Bank, Tata Steel, TVS Motor, Torrent Power
Power Grid Corp has been declared as the successful bidder to establish an inter-state transmission system project for evacuation of power from REZ in Rajasthan (20 GW).
Stocks in news: LIC, Hero MotoCorp, Nykaa, Adani Wilmar, Biocon
Hero MotoCorp reported a 32% growth in net profit for the quarter ended June to Rs 825 crore. Revenue from operations grew 4.5% YoY to Rs 8,767 crore.
Stocks in news: Zomato, Airtel, SBI, M&M, Vedanta, Eicher Motors
Adani Power has reported a consolidated profit at Rs 8759 crore, up 83% for the quarter ended June 2023. Revenue from operations was down 20% at Rs 11005 crore.
Stocks in news: Tata Steel, Asian Paints, L&T, Bajaj Auto, Tata Motors, RIL
Tata Steel's consolidated net profit fell 92% year-on-year to Rs 634 crore for the first quarter ended June. Revenue from operations declined 6% to Rs 59,490 crore.
Stocks in news: IndusInd Bank, Avenue Supermarts, RIL, Bajaj Finance, Vedanta, IDFC First Bank
Tube Investments arm TI Clean Mobility has entered into an agreement with Anand Jayachandran for pursuing electric small commercial vehicle business through a subsidiary to be incorporated by TI Clean Mobility.
Torrent Power shares jump 9%, hit 52-week high after company bags Rs 27,000 crore order
Torrent Power shares surged by more than 9% after it signed a MoU with the Government of Maharashtra for the development of pumped storage hydro projects worth INR27,000 crore ($3.7bn). The three projects will have a total capacity of 5.7 GW and will be built over five years, providing a minimum of six hours of energy storage on a daily basis. The stock has been performing well, with gains of INR105 per share or 19% over the past five trading sessions alone.
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