The share price rose after the company reported a strong set of numbers in the June quarter of financial year 2025 (Q1FY25).
The uptick in the stock price came after a strong show in the June quarter of financial year 2025 (Q1FY25).
The uptick in the share price came after Patel Engineering announced that the Office of the Executive Engineer, Govt Maharashtra has awarded the company, along with its JV, a Rs 317.60 crore contract.
The Nifty50 surged 1.35 per cent, adding 327 points to hit an intraday high of 24,382.60, while the BSE Sensex gained 1,100 points, or 1.38 per cent, hitting an intraday peak of 79,852.08.
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Other key Asian markets also suffered heavy losses, with South Korea's Kospi, Hong Kong's Hang Seng, and Australia's ASX 200 all plunging between 3 per cent and 11 per cent.
The inspection at the Hyderabad facility took place between July 25, 2024 and August 02, 2024.
In July 2024, the Indian Energy Exchange (IEX) set a new record with the highest total trading volume, including certificates, reaching 13,250 MU. The figure marks an approximately 56% increase Y-o-Y.
The uptick in the stock price came after the company announced that it has secured orders worth over Rs 53 crore.
The company is positioned to achieve revenue growth exceeding 1.5X that of the underlying industry growth, while maintaining robust EBITDA margins, driven by promising prospects in the 2W and PV.
The board of the company approved the demerger of the Tata Motors into two separate listed companies. The company revealed that the demerger will conclude in the next 12 to 15 months.
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Tata Power stock price has broken out on the daily chart to close at all time high with sharp rise in volumes.
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The fall in the share price came on the back of weak sales in July 2024.
The uptick in the stock price came after the company announced that it has signed a memorandum of understanding (MoU) with Karnataka Udyog Mitra for acquisition of 55 acres of industrial land.
The Nifty Energy Index also exhibits a bullish trend on the charts in the near term. However, maintaining a strict stop-loss is essential for all bullish positions.
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On the bourses, ITC stock has rallied 14.1 per cent over the past month. The stock hit an all-time high of Rs 510.60 on July 24, 2024. This was the first instance of ITC stock crossing Rs 500-mark.
In the past week alone, Tata Motors' stock has climbed 18 per cent following an upgrade from brokerage firm Nomura, which set a 'Buy' rating and a target price of Rs 1,294 per share.