Torrent Power has risen 93 percent in 2023, outperforming the Nifty 50 which has gained 10 percent during the time. Tata Power Company gained a percent, while Adani Power jumped nearly 1.5 percent

The Indian market remained shut on Tuesday on account of a public holiday. Sectorally, buying was seen in metal, public sector, energy, utilities, and power stocks while selling was visible in IT, consumer durables, and healthcare stocks.

In this article, we delve into the Relative Strength Index (RSI) and its significance in stock analysis. We spotlight 4 stocks that recently exhibited a downward trend in their RSI values.

Lenders of SKS Power are set to meet next week to review the resolution plan presented by Torrent Power. This comes after the bankruptcy court noted that the decision to sell the power company to Sarda Energy and Minerals was made based on incomplete financial data. Other companies, including Jindal Power Ltd and Vantage Point Asset Management, were also bidding for the power producer. Torrent Power has appealed, stating that its offer included an upfront cash payment of ₹2,000 crore, while Sarda's offer included ₹400 crore as deferred payment.

The National Company Law Tribunal has instructed the lenders of SKS Power Generation to reconsider the resolution plan submitted by Sarda Energy & Minerals. The plan, which offered Rs 1800 crore, had been approved by the Committee of Creditors. However, two other bidders, Torrent Power and Vantage Point Asset Management, have alleged bias in the evaluation process and are seeking a fresh opportunity to offer a higher value. SKS Power Generation owns two operational power plants with a total capacity of 600 MW.

The stock market witnessed a surge in optimism today, October 3, as several midcap stocks achieved historic milestones by reaching new all-time highs.

While the EBITDA increased 11.7 percent to Rs 1,184.8 crore for the June quarter, the EBITDA margin declined to 16.2 percent from 16.3 percent in Q1FY23.

A special MP/MLA court has sentenced Ram Shankar Katheria, BJP MP from Etawah, for two years in a 12-year-old assault and rioting case in what is likely to cost him his parliament membership. The BJP MP's conviction comes a day after the Supreme Court stayed Congress MP Rahul Gandhi's conviction in a criminal defamation case, paving the way for restoration of his Lok Sabha membership.

A meeting of the board of directors of the company is scheduled to be held on August 10, 2023, to consider and approve, the unaudited financial results for the quarter ended June 30, 2023.

Torrent Power Ltd (TPL) has entered into an agreement with subsidiaries of Shapoorji Pallonji & Company Private Limited (SPCPL) for the supply of 132 MW solar power in Gujarat. The estimated project cost of the 132 MW project is Rs 700 crore, TPL said in a statement.

Torrent Power on Thursday said it has forayed into the electric mobility infrastructure segment with four charging stations in Gujarat. The first set of charging stations have been installed in Ahmedabad, Torrent Power said in a statement on Thursday.

The Group's valuation hit Rs 50,000 crore in February 2020. This shows 2x growth in market capitalisation in the past three years - driven by robust financial performance, sustained growth trajectory and expansions in business and new geographies, market insiders believed

Till the Nifty50 firmly withholds the pivotal support of 19,500, there is no sign of caution in the market

In June, company signed a Memorandum of Understanding (MoU) with the Government of Maharashtra for development of three Pumped Storage Hydro Projects of 5,700 MW capacity in the State of Maharashtra.

Tata Steel's consolidated net profit fell 92% year-on-year to Rs 634 crore for the first quarter ended June. Revenue from operations declined 6% to Rs 59,490 crore.

Electric utility Torrent Power has ventured into electric mobility infrastructure by launching four EV charging stations in Ahmedabad and two in Surat. The company is collaborating with Siemens to develop the charging network, which will provide affordable, accessible, and convenient charging facilities for users in a bid to promote the widespread adoption of electric vehicles.

Torrent Solargen was awarded the project through a competitive bidding under SECI (Solar Energy Corporation of India) Wind Tranche V, a company statement said.

When a stock enters the overbought zone, it implies that buying pressure has pushed its price to an unsustainable level, increasing the likelihood of a pullback. On the other hand, when a stock enters the oversold zone, it suggests that selling pressure has pushed the price too low, potentially indicating a buying opportunity.

Tube Investments arm TI Clean Mobility has entered into an agreement with Anand Jayachandran for pursuing electric small commercial vehicle business through a subsidiary to be incorporated by TI Clean Mobility.

Torrent Power has announced the start of a Green Hydrogen pilot project in India. Over the next eight months, the project will blend approximately 2.5% Green Hydrogen (GH2) with natural gas in the city gas distribution network. Torrent Power aims to incorporate GH2 into its business operations and become a leading GH2 solution provider to industrial and commercial players.