Indian Navy's newest guided missile destroyer Imphal hits 'bulls eye'
INS Imphal, the third in the Visakhapatnam-class stealth-guided missile destroyers, signifies 'Aatmanibharta' and showcases India's naval prowess. Designed by the Warship Design Bureau and built by Mazagon Dock Shipbuilders, Imphal stands as a testament to indigenous shipbuilding and technological advancement. The destroyer, equipped with cutting-edge weapons and sensors, reflects a significant achievement for the Indian Navy.
The Economic Times
• INS Imphal, the third in the Visakhapatnam-class stealth-guided missile destroyers, successfully test-fired an extended-range Brahmos missile before its commissioning.
• The ship is a testament to indigenous shipbuilding and technological advancement, wi......read more
"Rote he rahte hain...a movie Mere Naam on him should also be made...": Priyanka Gandhi jibes at PM Modi
Congress general secretary Priyanka Gandhi Vadra took a jibe at Prime Minister Narendra Modi, suggesting that a movie should be made about him titled 'Mere Naam' (My Name), similar to Salman Khan's 'Tere Naam.' Priyanka claimed that Modi is always "crying" and is the first prime minister of India who is constantly troubled by his own pain.
The Economic Times
• Congress general secretary Priyanka Gandhi Vadra took a jibe at Prime Minister Narendra Modi, suggesting that a movie should be made about him titled 'Mere Naam' (My Name), similar to Salman Khan's 'Tere Naam.'
• Priyanka claimed that Modi is always 'cry......read more
These 2 stocks see healthy breakout, may deliver in strong double digits in short term
Any correction towards 19,330 on the Nifty50 will offer a good opportunity to go long as it converges with 21DMA (19,348) as well as a bullish gap support area while the nearest resistance arrives at 19,550.
• The Nifty50 is trading in an Ascending Channel with a higher-top higher-bottom formation, and any correction towards 19,330 will offer a good opportunity to go long.
• The Bank Nifty has formed a similar pattern and has immediate resistance at 44,600 and......read more
Congress govt set up PSUs that gave jobs to youth but BJP handing them over to industrialists: Priyanka Gandhi
She also said the country's first prime minister Jawaharlal Nehru's idea behind setting up institutions like the Indian Institute of Management (IIM) and the All India Institute of Medical Sciences (AIIMS) was to take the country forward.
The Economic Times
• Congress leader Priyanka Gandhi Vadra addressed an election rally in Madhya Pradesh, where she accused the BJP of handing over government-run companies to industrialists and neglecting the welfare of the people.
• Gandhi Vadra also highlighted the promis......read more
MP polls: GST, demonetisation has caused severe problems to small traders and others, says Priyanka Gandhi
Priyanka Gandhi Vadra, a Congress leader, addressed a rally in Kukshi, Madhya Pradesh, ahead of the upcoming Assembly polls on November 17. She criticized the Narendra Modi government for its economic policies, including the privatization of state-run entities and the introduction of demonetization and the Goods and Services Tax (GST).
BHEL pays Rs 88 crore final dividend to Government of India for FY23
A cheque towards the final dividend on the equity (63.17 per cent) held by Government of India was presented to Union Minister of Heavy Industries Mahendra Nath Pandey by BHEL Chairman and Managing Director Nalin Shinghal, it said in a BSE filing.
Vande Bharat sleeper: Railway Min Vaishnaw shares pictures of the concept train
Union Railway Minister Ashwini Vaishnaw has shared pictures of the upcoming Vande Bharat sleeper trains, which are expected to be launched in early 2024. These trains are being manufactured by a consortium of India's Rail Vikas Nigam Limited (RVNL) and Russia's TMH Group. The new sleepers will offer an alternative to the Rajdhani trains with improved lighting, interiors, and staircases.
Nifty may bounce back from 19,500 level but won’t sustain above 19,900-20,000: Aamar Singh Deo
Nifty is facing a crucial support zone at 19,500-19,600. While there may be a bounce back, it is likely to be limited and not sustain above the 19,900, 20,000 level due to selling pressure. The Bank Nifty is also seeing similar patterns of selling pressure and is technically weaker than the Nifty. Additionally, the FMCG and IT sectors are facing consolidation and lack of upside momentum.
SC upholds BHEL's decision to award Rs 400-cr tender to BTL
The Supreme Court has upheld Bharat Heavy Electricals Ltd's decision to award a Rs 400-crore tender to BTL EPC Ltd for setting up an ash handling plant. The court set aside a Karnataka High Court's order that had quashed the tender, stating that substantial work had already been done on the project. The High Court had quashed the tender due to concerns over national security, as BTL EPC had a consortium agreement with Chinese company Fujian Longking Co. The Supreme Court rejected the argument, stating that BHEL had determined the eligibility and found no breach.
MF Tracker: Marico, Dr Reddy’s, BHEL, Tanla Platforms among 30 stocks offloaded in August
In the largecap segment, selling was prominent in the consumer space. Pidilite Industries, Marico, Berger Paint, Tata Consumer Products, and Trent were among the largecap bets that saw the highest selling by MFs last month, according to a report by ICICIdirect.
Aeroflex in talks to enter aerospace sector - executive
The company is in talks with Hindustan Aeronautics Ltd (HAL), Bharat Heavy Electricals Ltd (BHEL), and the Indian Space Research Organisation (ISRO). Aeroflex aims to diversify its revenue stream and increase its total revenue by 35% in the next three to four years, with at least 5% coming from aerospace.
F&O Ban: National Aluminium, Chambal Fertilizers among 10 stocks under ban on Wednesday
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Pre-market action: Here's the trade setup for today's session
"Overall, we expect the focus to shift from mid and small caps to large caps in the near term, as investors may turn cautious on the broader market," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
India speeds up work on local marine gas turbine production
There is a sense of urgency to create a domestic ecosystem for such equipment given the war in Ukraine that has impacted Zorya-Mashproekt, the primary supplier of the MGTs to the Indian Navy. According to officials aware of the development, public sector undertaking Bharat Heavy Electricals Limited (BHEL) and Bharat Forge from the private sector are said to be among the companies that have been individually consulted for developing and supplying the MGT suited to the Indian Navy's needs.
Tata Consumer can be part of core portfolio; time to accumulate largecap banks: Hemang Jani
“With the new business model in the product categories that Tata Consumer has entered into, there is a steady growth. So, valuation-wise, it is looking a bit stretched. But it is delivering in terms of earnings. For somebody who wants to hold a core portfolio, this is a great stock to have.”
GIFT Nifty up 9 points; here's the trading setup for today's session
Oil prices spiked more than 1% on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combined 1.3 million barrel per day (bpd) reduction for another three months through December.
Vinit Bolinjkar on where to find fresh opportunity in cement, what to buy in capital goods space
In the case of BHEL, "if you were to just consider Rs 140 as a long-term resistance level, once it breaks out over there, the momentum will carry this trade into next year. Our targets are around Rs 180-200 and possibly higher as the new addition in the order book starts flowing in."
BHEL bags order from NHPC for Hydro Project, Dibang Multipurpose Project
State-owned Bharat Heavy Electricals Limited (BHEL) on Monday announced that it has bagged an order from NHPC for its 2,880 MW Dibang multipurpose project in Arunachal Pradesh. The order for the electro-mechanical (E&M) work for the project has been bagged against a stiff competition under international competitive bidding, BHEL said in a statement.
Digant Haria on why it is a good time to go contra and buy into metal stocks
“There is an inherent strength in all the balance sheets of the large scale metal companies. Metal companies have seen a brilliant consolidation of one or two years. The prices are favourable and we are going to see an up cycle over the next one or two years. It could be a good time to look at this sector.”
Stay light amid unclear market trends, say Aamar Deo Singh of Angel One
"Profit-booking was observed in August, with the bears dominating the market. Following the stunning run in recent months, the majority of short-term technical indicators had previously indicated that the markets will experience a period of momentum loss and exhaustion. As a result, it did not come as a surprise to investors looking for ways to profit from the upswing."
BHEL extends rally to 6th session, jumps 8% on order win from NTPC
The stock was trading in an overbought zone with days RSI and MFI at 73.6 and 81.8 according to Trendlyne data. A number above 70 is considered to be an overbought zone for the stock. BHEL is also trading above its 50-day and 200-day Simple Moving Averages (SMA) according to Trendlyne data.
Trade Spotlight | How you should trade in Nazara Technologies, BHEL, BEML today
BHEL continued to hit fresh multi-year highs and closed 4.7 percent higher at Rs 114.65, forming long bullish candlestick pattern on the daily scale with above average volumes. The stock continued its uptrend for yet another session.
Indian defence companies a long-term growth story; betting on Zomato: Siddhartha Khemka
"We believe that the long-term growth opportunity for Zomato is very strong and we are expecting it to turn EBITDA positive by the fourth quarter of this year which should result in a strong profitability going forward. For FY24, we have a PAT of 1.3 billion. And for next year, FY25, it should increase to Rs 8 billion. Hence, the momentum for Zomato should continue."
Whether it is Chakradhara Aerospace & Cargo Pvt Ltd (CACPL) tucked away in Coimbatore, or established giants like Tata Consulting Engineers or the government-owned SCL chip unit in Mohali — everyone had their part to play in the Vikram lander touching down the south pole of the moon.
How to approach the PSU and defence stocks linked with Chandrayaan-3? Chakri Lokapriya answers
“For the companies which are associated with Chandrayaan 3, there will be a surging order bookd and interest from global investors. It also opens up the export markets. PSUs and defence companies were given lower multiples in the past because of the limited order size, but now I think they will be re-rating.”
BHEL manufactures first set of indigenous SCR Catalysts to limit NOx emission
State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) on Wednesday said it has successfully manufactured the first set of indigenous SCR Catalysts for limiting NOx emissions from thermal power plants. These selective catalyst reactors (SCR) were hitherto being imported and this is a significant milestone under the 'Make in India' initiative of the government, a BHEL statement said.
Trade Spotlight | How to deal in BHEL, Engineers India, Tata Communications today
Tata Communications climbed 4.6 percent to Rs 1,782 and formed strong bullish candlestick pattern on the daily timeframe with above average volumes. The stock sustained above all short-to-long term averages.
Vinit Bolinjkar finds Adani Energy Solutions a better bet among power stocks. Here’s why
"Adani Energy Solutions looks to be a better bet compared to other plays in the power space due to its spending on regulated assets, smart meter vertical, and risk-averse investment strategy. The transmission segment of the power sector has the first right to access all collections of DISCOMS, making Adani Energy Solutions beneficial for investors. Moreover, in Mumbai, they are spending heavily to retain their EBITDA margins and ROEs. "