Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Quality Power gains as arm wins Rs 16-cr orders from Hitachi Energy India
Quality Power Electrical Equipments rose 1.39% to Rs 1,141.50 after its material subsidiary, Mehru Electrical and Mechanical Engineers has secured multiple domestic orders worth approximately Rs 15.70 crore from Hitachi Energy India.
Quality Power arm Mehru Electrical wins Rs 16-cr orders from Hitachi Energy India
Quality Power Electrical Equipments said its material subsidiary, Mehru Electrical and Mechanical Engineers has secured multiple domestic orders worth approximately Rs 15.70 crore from Hitachi Energy India.
Hitachi Energy, GE Vernova, Siemens Energy, other power equipment stocks crash up to 10%. Here’s why
Indian power sector stocks plunged Friday as reports emerged of a two-year exemption granted to four Chinese electrical equipment firms for government tenders. This move, aimed at easing project delays, allows companies like TBEA Energy and Nanjing Electric India to participate, despite earlier restrictions following the 2020 border clash. The exemption, however, is not to be treated as a precedent.
Aster DM Quality Care begins operations after Aster DM Healthcare, Blackstone's Quality Care merge
Aster DM Quality Care has officially launched following the merger of Aster DM Healthcare and Blackstone-backed Quality Care India. This integration unites four major healthcare brands, aiming to significantly boost procurement power and operational efficiency. The combined entity, boasting over 10,600 beds across 39 hospitals, is poised to become a top-tier hospital chain in India, with ambitious plans for future expansion.
Elara Securities turns bullish on banks, power, IT after market correction
Bino Pathiparampil, Head of Research, Elara Securities (India), says Indian markets are nearing a medium-term bottom after a prolonged correction and is turning constructive on banks, power, select new-age companies, IT and real estate. While pharma remains a defensive bet, he expects margin pressure to limit near-term outperformance. He also believes IT stocks are gradually pricing in AI-led headwinds, making it a good time to start accumulating quality names.
AI Couldn't Replace Experience: Ford Rehires 300 Veteran Engineers Who Carry 'Wisdom'
Ford topped the latest JD Power Initial Quality Survey among mainstream brands.
Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRI
A potential anti-dumping duty on crucial cold-rolled grain-oriented electrical steel (CRGO) imports could significantly hike transformer manufacturing costs and impede India's ambitious power grid expansion plans. With domestic production meeting less than 10% of demand, imposing duties might raise prices without reducing import reliance, impacting vital infrastructure development and renewable energy integration. The probe follows a complaint by JSW JFE Electrical Steel Nashik Pvt Ltd.
Vedanta Power shares drop 3%, fall below listing price. What lies ahead?
Vedanta Power shares fell over 3% on Thursday, slipping below their listing price after debuting earlier this week following the Vedanta demerger. Analysts said the stock remains the most defensive among the four newly listed entities, supported by regulated returns, while advising investors to focus on business quality, sector cycles and execution outlook.
Vedanta Aluminium vs Power vs Oil & Gas vs Iron & Steel: Which stock should you buy?
Four Vedanta Group companies debuted on the market, with aluminium, iron & steel, and oil & gas shares tumbling while power stocks rose. Analysts advise patience, focusing on business quality over price action. Experts suggest aluminium offers the best risk-reward for long-term investors due to strong demand and cost efficiencies.
Quality Power gains after inking pact to acquire insulator maker, WSIL
Quality Power Electrical Equipments advanced 1.74% to Rs 1160.65 after the company announced the execution of a term sheet to acquire a 100% stake in Winwin Speciality Insulators (WSIL) for an enterprise value of Rs 315 crore.
QPOWER to acquire Visakhapatnam-based Winwin Speciality Insulators
Quality Power Electrical Equipments today announced that it executed a term sheet to acquire 100% of the equity share capital of Winwin Speciality Insulators (WSIL), a Visakhapatnam-based manufacturer of high-voltage ceramic and polymeric insulators. The transaction is subject to customary due diligence, statutory and regulatory approvals, and other closing conditions, and is expected to be completed within three months.
Brokerages initiate coverage on Meesho, Bharti Airtel, 6 other stocks with up to 33% upside. Do you own any?
Brokerages have initiated coverage on eight Indian stocks, including Bharti Airtel and CG Power, with potential upside ranging up to 33%. Analysts are bullish on most of these companies, citing factors like network quality, capacity expansion, and diversified business exposure. However, one stock, Meesho, received an 'Underperform' rating due to concerns over deflating order values.