Thu, Feb 1, 2024 1:28 PM
Budget 2024: Energy stocks rally up to 7% on rooftop solar scheme
A Flip by Avya Verma
Rail Vision's stock surged 34.4% to $1.04 after the company received certification approval for its MainLine Systems on Israel Railways' passenger locomotives, triggering a $300,000 milestone payment and positioning it for potential future volume procurement. Rail Vision's CEO emphasized the certification demonstrates the company's commitment to excellence and industry standards.
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Anlon Healthcare, a Rajkot-based pharmaceutical manufacturer, has refiled its IPO draft papers with SEBI, seeking to raise funds through a fresh issue of 1.4 crore equity shares, with no offer-for-sale component, to expand its manufacturing facility, repay debt, and meet working capital requirements. Anlon Healthcare, a Rajkot-based pharmaceutical manufacturer.
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The ongoing AI boom has made energy stocks one of the hottest corners of investing. Once-boring utility companies are soaring as tech giants look to feed their ravenous data centers, while three of the top 10 best performing stocks in the S&P 500 this year are wholesale power providers with nuclear businesses. Meanwhile, all this demand for energy is lifting another set of companies.
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