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JP Morgan warns of FY27 earnings risk, says Nifty can fall to 20,500 in bear case
JP Morgan has cautioned that India’s FY27 earnings face significant risks from an extended energy and logistics shock linked to the Middle East conflict. The brokerage warned that the Nifty50 could slip to 20,500 in a bear case, even as it maintains a 27,000 base-case target amid fragile macro signals.
Advait Energy Transitions signs MoU with TECO Fuel Cell Technology AS, Norway
The MoU aligns with the Government of India's Atmanirbhar Bharat initiative and the National Green Hydrogen Mission and is aimed at enabling domestic manufacturing capability through knowledge transfer and joint engineering in hydrogen fuel cell technology.
How JSW Energies’ Rs 3,150-crore JSW Steel stake sale will help lower debt, Jefferies explains
JSW Energy’s Rs 3,150-crore stake sale in JSW Steel to GQG Partners and SBI Mutual Fund is expected to strengthen its balance sheet. Jefferies says the move will lower leverage, support capex plans and improve execution visibility, prompting a target price upgrade to Rs 675.
Adani stocks gain as US drops charges in New York case; Adani Green up 4%
Adani Green Energy shares climbed 3.5 per cent to ₹1,407, while Adani Total Gas advanced 2.65 per cent.
Motilal Oswal sector of the week: Power; Acme Solar, JSW Energy top bets
While valuations across several utilities have rerated sharply and now trade above historical averages, the sector's structural growth drivers continue to support a favourable long-term outlook
Top stocks to buy today: Anand James of Geojit bets on theses 3 shares
Anand James, chief market strategist at Geojit Investments, is bullish on the shares of BEL, ELGI Equipments, and JSW Energy today
Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
JSW Steel block deal sees GQG, SBI MF as key buyers
GQG Partners and SBI Mutual Fund emerged as key buyers in a block deal of JSW Steel on May 18, reflecting in the day’s institutional inflow data. The transaction, valued at around ₹3,150 crore, saw JSW Energy offload 2.5 crore shares at ₹1,260 apiece. GQG acquired 1.5 crore shares, while SBI Mutual Fund picked up 1 crore shares, indicating strong institutional appetite for the steel major.
JSW Energy sells 2.5 crore JSW Steel shares for Rs 3,150 cr via bulk deal
JSW Energy on Monday said it sold 2.5 crore equity shares in JSW Steel through a bulk deal on the NSE, raising Rs 3,150 crore. Following the transaction, JSW Energy’s remaining holding in JSW Steel stands at 4.5 crore equity shares, according to a regulatory filing.
JSW Energy sells shares worth ₹3,150 crore in JSW Steel as part of monetisation strategy
Brokerage firm Jefferies maintained its "buy" rating on JSW Steel and raised its price target to ₹1,650 from ₹1,400 earlier. This is the highest price target on the street for JSW Steel.
Gautam Adani is overhauling his conglomerate, from Apple-style vendors to less hierarchy and more talent grooming
The ports-to-renewable energy conglomerate is aggressively developing a third-party vendor ecosystem to take over manufacturing, logistics, engineering and other functions.
JSW Energy, WPIL, Rajratan Global Wire Grow Despite Indian Market Caution - Whalesbook
JSW Energy, WPIL, Rajratan Global Wire Grow Despite Indian Market CautionWhalesbook