Ahead of Market: 10 things that will decide stock action on Wednesday
Rupak De, Senior Technical analyst at LKP Securities, said, "The short-term trend remains strong as the index sustains above critical moving averages on the daily timeframe. A "buy on dips" strategy is favored as long as it remains above 19,550. On the higher end, it might move towards 20,000-20,200."
Empowering India: A glimpse into Battery Energy Storage Systems for a sustainable future
India envisions a future where 30% of new vehicle sales will be electric by 2030. A substantial amount of battery storage is needed to facilitate this shift - a staggering 34 GW or 136 GWh to support the additional 450 GW of renewables.
EV cell maker Log9 flags production hit on delayed visas to Chinese experts
Log9 Materials, India's first lithium-ion battery manufacturer, warned production at its facility in Bengaluru could take a hit from the late arrival of Chinese experts as the New Delhi government delayed the approval of visa applications.
Indian EV cell maker Log9 flags production hit on delayed visas to Chinese experts
Log9 Materials, an Indian lithium-ion battery manufacturer, has warned that its production in Bengaluru could be affected due to the delay in the arrival of Chinese experts caused by the Indian government's delay in approving visa applications. Log9 depends on Chinese engineers to set up machinery and upgrade existing ones at its facility, and a delay in visas could hamper its production.
Adani Green Energy, SBI and 7 other stocks cross 100-day SMA
The crossing of the 100-day SMA by Adani Green Energy, Amara Raja Batteries, Blue Star, The Ramco Cements, Nestle India, and Sapphire Foods India on August 18 underscores their robust market performance and growth potential.
Amara Raja Batteries shares gain on plans to expand into two-wheeler market
The company, which owns the Amaron battery brand, aims to penetrate into two-wheeler EV market first with chargers and eventually through battery packs as it expands its so-called 'new energy' segment.
Amara Raja Batteries to expand into two-wheeler market to power growth
Amara Raja, which currently has customers only in the three-wheeler EV market, gets about 2.5% of its revenue from its lithium-ion battery business, while the rest of its total revenue of 103.85 billion rupees ($1.25 billion) in fiscal 2023 was from its flagship lead acid storage battery-making unit.