Fiscal 2024 has come to an end with a lot of churn in the broader market, which spilled, to a certain extent, onto the largecap stocks as well. If we look at the overall year, it was a rewarding period for Indian investors, where large caps rallied substantial 33%, midcaps surged by 56%, and small … Read more
Mumbai: Morgan Stanley said regulated power utilities are the preferred way to bet on India’s estimated rising power consumption. The brokerage said while NTPC is its top pick among utilities, it is also bullish on Power Grid Corp. “We believe regulated utilities are in a good position to expand their incremental market shares given benign … Read more
Equity markets rose for the fifth consecutive week driven by strong GDP data and a bullish trend seen in global markets. Return of FIIs, multiple upgrades of India’s economic growth by global firms, added to the overall positivity, analysts said. The IPO market also continued its momentum, which has seen five listings and out of … Read more
Mumbai: Shares of most companies in the power space are at all-time highs helped by the recent uptick in demand, an improvement in pricing trends, and pick-up in industrial demand. Shares of Torrent Power, NTPC and Power Finance Corp hit their lifetime highs on Wednesday, while REC hit its lifetime high earlier this month. Renewable … Read more