Recently, Adani Power broke through a key bearish trendline on the daily chart, suggesting a potential reversal in momentum from its previous downtrend.
Stock Market News: The BSE Sensex soared 1,500 points today to hit a fresh record high of 84,694.5 intraday. The Nifty50, too, saw robust gains of 433 to it a new high of 25,849
The rise in Patel Engineering share price came after the company said that it has bagged an order worth Rs 240.02 crore from NHPC.
The uptick in the share price came after the company announced that it has secured approval from the Karnataka State Pollution Control Board (KSPCB) to increase its manganese ore production capacity.
The board is to consider and approve the raising of funds by way of issue of non-convertible debentures, commercial papers, other debt securities or any other security or any combination thereof.
The surge in Cosmic CRF share price came after the company announced that its subsidiary, N S Engineering Projects, has secured an order worth Rs 127.44 crore from the infrastructure industry.
The uptick in The Phoenix Mills share price came after the company said that it unit, Casper Realty Private Limited, has been declared as the highest bidder for two prime city-centric plots in Mohali
The uptick in IIFL Finance share price came after the Reserve Bank of India (RBI) lifted ban on the company's gold finance business.
The Nifty Pharma Index is currently trading in a defined range between 23,700 and 22,700. This suggests that the market is experiencing indecision, with neither buyers nor sellers dominating.
Analysts link the index's decline to a major drop in Vi's stock price after the SC rejected telecom companies' plea to re-evaluate AGRs, while also affirming the govt's existing AGR demands.
The rise in Aavas Financiers came after the company approved issuance of non-convertible debentures (NCDs) to raise Rs 630 crore.
The uptick in Garden Reach shares came after the company announced that it has secured an order for four (4) multi-purpose vessels from Carsten Rehder Schiffsmakler and Reederei GmbH & Co.
The uptick in Ion Exchange share price came after the company announced that it has secured an order worth Rs 161.19 crore from Adani Power.
Bourses to undertake more detailed checks on financial statements, greater oversight
The uptick in the JK Tyre & Industries share price came after the company's board approved the merger with Cavendish Industries.
The shares of Globus Spirits rose after the company announced the launch of its first single malt whiskey, DŌAAB India Craft Whisky.
The uptick in share price came after Carborundum Universal revealed that it has entered into a share purchase agreement to acquire a 100 per cent stake in Silicon Carbide Products, USA.
The uptick in Tarmat shares came after the company announced that it has secured an order of Rs 139.48 crore from Maharashtra State Infrastructure Development Corporation.
The uptick in Firstsource Solutions share price came after the company announced that it has inked a pact with Microsoft to deliver cutting-edge digital transformation services to clients worldwide.
Despite this positive outlook, Adani Green's stock was trading about 2 per cent lower at Rs 1,890.20 as of 9:26 AM, while the BSE Sensex was down 0.08 per cent to 82,920.90 levels.