Currently, the stock was quoting 40 per cent higher over its issue price of Rs 1,080.
The steel industry's accelerating efforts to decarbonize will lead to an increased adoption of Electric Arc Furnace steel production, in turn driving sustainable demand growth for graphite electrodes.
Every minor correction may see addition of long positions, say experts
The board will meet today to discuss and consider, among other things, raising of funds through issue of equity shares by way of preferential issue, qualified institutions placement or rights issue.
Thus far in the calendar year 2023, the stock has surged 36 per cent, as compared to 2.1 per cent rise in the S&P BSE Sensex.
HMCL said the momentum is expected to continue in the coming months, driven by an uptick in customer sentiments, forecast of normal monsoon and a host of new launches in the premium segment.
Buy Bharat Forge Rs 800 Call option and simultaneously Sell Rs 820 Call of the June series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is consolidating in the 23,460 - 24,460 range.
Stocks to watch on June 2, 2023: From Adani Enterprises to NHPC, here are top stocks to watch in Friday's trading session
Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over US monetary policy
The NSE Nifty fell 46.65 points or 0.25 per cent to finish at 18,487.75
This comes in the wake of Sebi passing orders in two instances of front-running pertaining to Axis AMC and Life Insurance Corporation of India (LIC)
Inviting bids, Sebi said auction of the properties will be conducted through online mode between 11 am and 1 pm
Notwithstanding the slowdown in IT hiring and rich valuation, most analysts remain positive
NBFC-MFIs' assets under management are expected to grow by up to 30% in the current financial year, domestic rating agency Crisil said on Thursday
Such investors could reduce their exposure to evade 'high-risk' tag and shift to friendlier jurisdictions, say experts
Outperformance lures fund houses to explore micro-cap schemes; challenging space, say experts
Others'-non-promoters and non-institutional investors-- polled just 29.01 per cent of their shares, an improvement over 26.31 per cent in the previous year
Rs 4,160-cr OFS sees bids worth Rs 6,500 cr, stock falls
The U.S. legislation in essence temporarily removes the federal government's borrowing limit through Jan. 1, 2025