Price resuming up after forming a base above the recent breakout area and 20 days EMA, signaling continuation of up move.

The stock hit a fresh 52-week high of Rs 161.90 on 9 January 2023. It witnessed some profit-taking on 10 January, but experts are of the view that the long-term trend is intact.

The stock doubled from its lowest level of Jun22 (Rs 304) and rose to 10-year high of Rs 607. Currently, the stock is trading tad below its prior point of polarity (Rs 620). In the past, the stock reversed after a short-term up-move and witnessed profit booking. The key technical indicators witnessed bearish divergence on short-term timeframe charts. Hence, profit booking advised at current juncture.

Hindustan Zinc, now has started to get into higher high, higher low formation post October 2021. The stock has shown a bounce to the upside after retesting the Triangle pattern, the breakout was witnessed on November 14, 2022. This confirms the beginning of potential uptrend.

The price requirement is as per the current global market capitalisation cut off levels, and these levels change on a daily basis. The market cap cut-off date will be any one day in the latter half of January, the brokerage said.Shares of Power Finance Corp have risen nearly 14% since December. The stock on Wednesday snapped its seven-day winning streak.

Power Finance Corporation, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 38413.18 Crore) operating in Term Lending Institutions sector.

Headline equity index Nifty today formed a healthy bullish candle on the daily chart, which indicates an attempt at a sharp upside breakout of the crucial resistance around 18,400 levels. The index has been making higher lows in the last three sessions.

Housing Development & Infrastructure and Cargotrans Maritime will be announcing their Q2 results. Further, SRG Housing Finance will consider issue of warrants.

Later in the week, Bharat Forge ( Rs 1.5 per share), Power Finance Corporation (Rs 3 per share), and JM Financial (Rs 0.90 per share) will also trade ex-dividend.

Kaynes Technologies India is set to make its debut at the bourses on Tuesday after the company raised Rs 858 crore via its initial public offering between November 10-14 by selling the shares in the range of Rs 559-587 apeice.

Power Finance Corporation Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 31548.97 Crore) operating in Term Lending Institutions sector.

The power plant, though not a new announcement, signifies India’s continued reliance on coal for power generation despite the government simultaneously having big ticket renewable energy plans. Another 1,320 MW coal-fired plant will come up in UP's Khurja. Meanwhile, the estimated cost of the Buxar Thermal Power Plant has increased by nearly 17% in over three years

Rejection of the proposal to sell Power Finance Corporation’s (PFC) stake in Rural Electrification Corporation (REC) to Power Grid Corporation of India (Power Grid) had riled up the stocks since the news was out. Here's what the rejection means for PFC and REC-

State Bank of India, Housing Development Finance Corp. Ltd, Power Finance Corp., Small Industries Development Bank of India, and HDFC Bank were among the top five issuers in September, together raising Rs 31,708 crore

Power Finance Corporation Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 30624.94 Crore) operating in Term Lending Institutions sector.

On August 17, Union Bank issued a tender inviting bids for the power companys Rs 2,077-crore debt at a reserve price of Rs 919 crore for upfront cash, which was lower than Rs 935 crore reserve price set in mid-July, where it failed to attract any offers. Union Banks revised reserve price equated to a recovery of 44 paise on a rupee.

Shares of Ritesh Properties & Industries and Savita Oil Technologies will go ex-split today. Ritesh Properties & Industries had announced the splitting of shares into face value of Rs 1 from the face value of Rs 10 while Savita Oil Technologies had announced the splitting of shares into face value of Rs 2 from the face value of Rs 10.

The RP restarted the sale process of Lanco Amarkantak in January, soon after lenders rejected a binding bid from Vedanta Ltd, which had offered nearly Rs 3,000 crore to lenders, including Rs 2,150 crore in the form of bonds to be paid over seven years, part payment from cash balance lying in the company, and some upfront payment.