Thu, Feb 1, 2024 3:54 PM
Green Energy: Power stocks gain as FM re-iterates renewable push in Budget
A Flip by Avya Verma
The UK's FTSE 250 index recovered 0.2% after earlier falling 1.1%, driven by a selloff in the US bond market, while the pan-European Stocks Europe 600 Index gained 0.4% led by miners and financial services stocks amid rising global volatility over US trade policy. The index has fallen for two straight sessions in a rout that extended to other UK assets.
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JSW Steel share price rebounded from intraday low after company released Q3FY25 update. Production of the Consolidated entity increased 4% sequentially and was up 2% on the year on year basis. The JSW Steel share price opened at ₹890.80 on the BSE on Friday, almost flat compared to previous closing price of ₹890.70.
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Fabtech Technologies shares debuted on the BSE SME platform at Rs 161.50, a 90% premium over its IPO price, following a robust subscription demand of over 700 times to its Rs 27.74 crore issue. The company's market valuation stands at Rs 198.96 crore, with IPO proceeds to be used for working capital and acquiring Kelvin Air Conditioning shares.
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