Shares of wind energy companies, Suzlon Energy Ltd. and Inox Wind Ltd., gained up to 7% on Tuesday, June 16, after Union Minister for New and Renewable Energy Pralhad Joshi highlighted India’s record wind capacity addition and outlined ambitious growth targets for the sector. Shares of Suzlon Energy rose as much as 6.6%, while those…
Shares of Kaynes Tech, Dixon Tech, Amber Enterprises gained on Tuesday, June 16, as brokerage firm Motilal Oswal in its note said it is positive on the electronics manufacturing services (EMS) sector. It said the EMS sector remains on a strong growth trajectory, driven by healthy order inflow. Despite input cost pressure, EMS companies have…
Shares of GMR Airports Ltd. extended their gains for the third consecutive session on Tuesday, June 16, gaining as much as 4% before cooling from those elevated levels. Commentary around GMR Airports’ prospects has been positive over the last two days. The stock on Tuesday is also reacting to its business update for the month…
Adani Ports and Special Economic Zone Ltd. (APSEZ) on Tuesday, June 16, announced an expanded strategic partnership with US-based software company Kaleris to deploy AI-powered operating and optimisation solutions across its container terminal network. Under the multi-year agreement, Kaleris will roll out its terminal operating system and AI-augmented container handling and optimisation platform across 15…
Nifty Prediction for Wednesday, June 17 by experts: The benchmark Nifty gained 135.25 points, or 0.57 per cent, to settle at 23,989.15, just below the key 24,000 level. Sensex rose 544.15 points, or 0.71 per cent, to close at 76,808.48. Nifty Prediction for Wednesday, June 17: Domestic equity markets ended higher on Tuesday, extending their…
Shares of Petronet LNG Ltd. gained as much as 2% on Tuesday, June 16, after fresh developments from Qatar signalled a gradual recovery in global LNG supplies following disruptions caused by the West Asia conflict. According to a Bloomberg report, Qatar plans to restore around 50% of its liquefied natural gas (LNG) production within a…
India’s recent trade agreements and rising investments in manufacturing are helping improve the country’s position in global supply chains. According to Investec Capital Services’ Head Equities Mukul Kochhar, electronics exports are among the best-placed segments to benefit from this trend. Besides EMS, he sees strong opportunities in original design manufacturing (ODM) and defense electronics as…
Bondada Engineering Ltd has secured a major order worth ₹1,338 crore from NTPC Renewable Energy Ltd for the development of a solar photovoltaic project integrated with a battery energy storage system (BESS) in Uttar Pradesh, providing a fresh boost to its renewable energy business. The company informed exchanges on June 16 that it has received…
Market regulator Securities and Exchange Board of India (Prime Focus Ltd (PFL)) has disposed of adjudication proceedings against Prime Focus Ltd (PFL), its promoters, directors, chief financial officer and audit committee members after concluding that allegations relating to the company’s accounting treatment of two business transfer transactions were not established. The proceedings stemmed from a…
Shares of Sonata Software rallied over 18% on Tuesday, June 16, led by a sharp spike in trading volumes, with activity running nearly 25 times above normal levels. The stock is up for the second straight session and with today’s gain, it has surged the most in five years. The company recently released its March…
