Premier Energies extends bull run to 9th day; soars 181% from IPO price
Tue, Sep 10, 2024 12:14 PM

Premier Energies extends bull run to 9th day; soars 181% from IPO price

Shares of Premier Energies have been on a bull run since their market debut on September 3, surging a whopping 181 percent over its IPO price of Rs 450. Extending its ascent for the ninth consecutive session, Premier Energies’ shares surged another 5 percent intraday, hitting a new record high of Rs 1,267.95 on September 9. At 11.47 am, shares of Premier Energies were trading at Rs 1,240.70.

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Govt issues draft norms for finance mechanism under PM Surya Ghar scheme
Tue, Sep 10, 2024 12:12 PM

Govt issues draft norms for finance mechanism under PM Surya Ghar scheme

India's Ministry of New and Renewable Energy has issued draft norms for the RESCO model and utility-led demand aggregation model of the new rooftop solar scheme, allowing consumers to access rooftop solar systems without upfront payment, with ownership transferred after a minimum 5-year project period.

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500% Multibagger Returns in Just 1 Year: Oriana Power Limited
Tue, Sep 10, 2024 12:10 PM

500% Multibagger Returns in Just 1 Year: Oriana Power Limited

Shares of Oriana Power Limited are trading at around Rs 2,187 per share. The company’s current market capitalization stands at Rs 4,195 crore. The stock has delivered a multibagger return of over 540 per cent in just 1 year only. The company doesn’t announce Quarterly Results and as per half-yearly results, in March FY24, Oriana Power Limited recorded a revenue of Rs 319 crore.

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63 Moons Technologies Hits Consecutive 6 Upper Circuits
Tue, Sep 10, 2024 12:10 PM

63 Moons Technologies Hits Consecutive 6 Upper Circuits

On Monday, one of the Top Gainers on BSE, shares of 63 Moons Technologies Ltd jumped 5% upper circuit to Rs 432.20 per share from its previous closing of Rs 411.65 per share. The shares of the company saw a spurt in volume by more than 1.05 times on BSE. In the recent trading sessions, the stock has been hitting back-to-back upper circuits (6th upper circuit).

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How to utilize Iron Condor and Ironfly strategies?
Tue, Sep 10, 2024 12:07 PM

How to utilize Iron Condor and Ironfly strategies?

Saketh Ramakrishna discusses advanced options trading strategies, Iron Condor and Ironfly, for managing risk & exploiting range-bound market conditions. These strategies involve selling & buying call and put options at different strike prices to profit from minimal price movement. These techniques are crucial for traders looking to manage risk and exploit range-bound market conditions effectively

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Patel Engineering forms a strategic partnership with RVNL
Tue, Sep 10, 2024 12:05 PM

Patel Engineering forms a strategic partnership with RVNL

Patel Engineering Limited has formed a strategic partnership with RVNL to jointly undertake hydro and other infrastructure projects both domestically and internationally. As of June 30, 2024, the company’s order book stands at Rs 1,79,019 million (Including L1 Orders). Segment-wise order book includes hydroelectric (61.53%), irrigation (21.99%), tunnel (10.54%), road (2.45%) and other (3.49%).

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Vodafone Idea Jumps Over 3% Amid Reports Of Funding Talks With PFC, REC
Tue, Sep 10, 2024 12:00 PM

Vodafone Idea Jumps Over 3% Amid Reports Of Funding Talks With PFC, REC

Shares of Vodafone Idea soared after reports said that the Indian telecom giant was in discussions with state-owned lenders Power Finance Corp (PFC) and REC to secure loans for its medium-term funding requirements. Vodafone Idea and its parent company, Aditya Birla Group (ABG), have been in discussions with PFC and REC for the past fortnight, according to a report by The Economic Times.

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Big oil’s buyback bonanza for investors has a sustainability issue
Tue, Sep 10, 2024 11:58 AM

Big oil’s buyback bonanza for investors has a sustainability issue

When John D Rockefeller wanted to punish a rival, he cut prices to force them to operate at a loss. The father of the modern oil industry had a name for it: a “good sweating.” A century later, OPEC+ is giving Big Oil the modern equivalent of Rockefeller’s time-tested tactics. Not everyone will be fit enough for it. For the last two-and-a-half years, Big Oil has enjoyed a bonanza.

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PSUs drag August premium growth of non-life insurers
Tue, Sep 10, 2024 11:56 AM

PSUs drag August premium growth of non-life insurers

The non-life insurance industry recorded its slowest growth of the current fiscal in August, dragged down by a decline in premiums at large state-run general insurers. The GDPW for the industry increased by a paltry 4.22% YoY to Rs 24,554 crore. Non-life insurers comprise public and private general insurance companies, standalone health insurers, and specialised public sector insurers.

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Suzlon stock worth Rs 254 crore sold in large trades
Tue, Sep 10, 2024 11:51 AM

Suzlon stock worth Rs 254 crore sold in large trades

Equity stakes worth Rs 254.3 crore in Suzlon Energy were sold through large deals in the morning trade on Tuesday, 10 September, amounting to 0.3 percent of the company’s shareholding. CNBC-TV18 reported that 3.7 crore shares of Suzlon changed hands at an average price of Rs 77 per share. Suzlon’s stock jumped 5% on Tuesday to surpass Rs 78, as Morgan Stanley maintained an 'Overweight' rating.

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Why Tata Power's Share Price Is Upbeat Today
Tue, Sep 10, 2024 11:50 AM

Why Tata Power's Share Price Is Upbeat Today

Tata Power‘s share price was upbeat on Tuesday morning going up close to 2% to hit an intraday high of ₹425.80. What Happened: The stock is in the green today as the Tata Group company commenced the production of solar cells at its 4.3-gigawatt plant in Tirunelveli, Tamil Nadu, marking the launch of operations at India’s largest single-location solar cell and module manufacturing facility.

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Recovery or No Recovery? IT stocks leave Street divided on their future
Tue, Sep 10, 2024 11:49 AM

Recovery or No Recovery? IT stocks leave Street divided on their future

Information Technology (IT) stocks remain in focus ahead of the all-important US Federal Reserve meeting on September 17-18. Out of the 10-pack Nifty IT index, Coforge, LTIMindtree, Infosys, L&T Technology Services Ltd., Persistent Systems Ltd. and TCS were trading in the range of 1-4%. Motilal Oswal Financial Services expects the IT services sector to be on the cusp of recovery.

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How to easily find your SBI CIF number using internet banking, Yono Lite
Tue, Sep 10, 2024 11:47 AM

How to easily find your SBI CIF number using internet banking, Yono Lite

If you have an account in the State Bank of India (SBI), your Customer Information File (CIF) number will give you several benefits. This 11-digit number ensures exclusive customer access to bank accounts, preventing fraudulent transactions. It includes information like loans, account details, and KYC data such as address and identification, and banks can quickly access these details.

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My Mudra Fincorp IPO allotment expected to be finalised today
Tue, Sep 10, 2024 11:46 AM

My Mudra Fincorp IPO allotment expected to be finalised today

My Mudra Fincorp IPO allotment: Following the strong response to My Mudra Fincorp’s initial public offering (IPO), investors who participated in the issue eagerly await the finalisation of share allotment, which is expected today (Tuesday, September 10). The ₹33.26 crore SME IPO, entirely a fresh issue of 30.24 lakh shares, opened for subscription on Thursday, September 5.

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Tata Electronics And Tokyo Electron Join Forces
Tue, Sep 10, 2024 11:45 AM

Tata Electronics And Tokyo Electron Join Forces

Tata Electronics has signed a Memorandum of Understanding with Tokyo Electron. The collaboration aims to expedite the development of semiconductor equipment infrastructure for Tata Electronics’ projects in Gujarat and Assam. What Happened: Tata Electronics is joining hands with Tokyo Electron (TEL), a leading semiconductor equipment supplier, as per a PTI report.

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