Swan Energy was in focus last week, rising 11 percent to at record closing high of Rs 362 and formed large bullish candle on the weekly timeframe with above average volumes. It has seen a breakout of horizontal resistance trend line adjoining May 2, 2022 and January 2, 2023.

RNEL shares rose 5% on Tuesday, hitting the maximum trading price of the day of ₹2.56. About 2 million buy orders were pending on both the BSE and NSE. As on September 30, 2022, nearly 194,000 small investors held shares of RNEL.

Recently, the stock was in the news when the company announced that it will be issuing shares to the government of India in lieu of interest on the deferred spectrum and AGR dues, Times Now noted. Factors like continuous liquidity support from parents, focus on the SME segment, media reports of potential collaboration with other Tata Group companies and transformation into a SaaS+connectivity solution provider, are a few positives that could be working in favour of Tata Teleservices, Times NOW report suggested.

Talking to ET, Vivek Merchant, general manager, Swan Energy said “Recently, we have been presenting our fabric range to renowned brands, retail, ready made garment manufacturers, exporters, buying houses, large traders. We are working in collaboration with the large textile corporates to explore the possibilities growing commercially.”

"We're expecting the country's LNG terminals to have a capacity of about 60 mmtpa in the next eight to 10 years. India, along with China and other countries, has to move towards a greener source of fuel. LNG, is the future's fuel," said Vivek Merchant, general manager - projects at the company.

SEL will acquire an additional 26% stake from the existing public shareholders of Veritas via mandatory open offer at a price of Rs. 126 per share, aggregating Rs. 87.83 crore.

PI Industries has seen a gradual recovery and prices are riding above the 20-DEMA. On April 12, it saw better-than-average volumes along with an upmove hence, the short-term view remains bullish

BSE midcap and smallcap indices rallied 4 per cent each. On the sectoral front, energy and power indices emerged as the winners during the week, whereas IT remained under pressure. “Momentum was seen in several broader market themes like defence, power, realty and tyre sector stocks. The Q4 FY22 earning season will kick off from next week and would be the key factor for market direction going forward,” said Siddhartha Khemka, Head - Retail Research, MOFSL.

Shares of Swan Energy have underperformed the benchmark indices in the last one year. The scrip has added 10 per cent during the period where BSE Sensex has jumped 45 per cent.

Rajesh Palviya of Axis Securities expects Nifty to trade in the range of 11,250-10,900 with a positive bias in coming week