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GRSE, Paras, Zen Tech: Analyst sees up to 54% upside in 3 defence stocks
Defence stocks to buy: Muthuselvaraj of Mirae Asset Sharekhan explains that Paras Defence is showing an uptrend, trading with higher top, higher bottom pattern after breaking from consolidation zone.
Will Jio IPO finally get a date today? What to expect from Mukesh Ambani at RIL AGM
Reliance Industries shareholders eagerly await Mukesh Ambani's address at the 49th AGM, seeking a definitive Jio IPO date as the company's stock faces pressure. Investors are also looking for updates on Reliance Retail's potential listing, AI investments, and green energy initiatives, with several key deadlines approaching.
Man Industries bullish on Gulf after US-Iran truce
Indian construction companies are set to gain from rebuilding in the Middle East. The US-Iran truce opens opportunities for firms like Man Industries. Rebuilding efforts are estimated to cost $50 billion. Demand for energy security and self-sufficiency is driving infrastructure investments. Saudi Arabia alone plans $1 trillion in investments by 2030.
NTPC installs 5 GWh battery storage at coal plants in Rs 5,000 crore push to cut renewable curtailment
NTPC is installing 5 gigawatt-hours of battery storage at its coal power plants. This initiative aims to reduce renewable energy that goes unused. The investment is around 5,000 crore rupees. These battery systems will absorb excess solar and wind power. The Central Electricity Regulatory Commission has approved a tariff structure for these projects.
India's thermal coal imports sink to a 4-year low as green energy reshapes demand
India's thermal coal imports have reached a four-year low. This decline is attributed to higher domestic coal output and a significant rise in renewable energy generation. The country is actively reducing its dependence on imported coal for power. Increased local production and growing green energy sources are reshaping India's energy landscape.
India's C&I energy storage market to expand to 22-31 GWh by 2032: IESA
India's commercial and industrial energy storage market is set for significant expansion. Projections show growth from under 1 GWh in 2025 to an estimated 22-31 GWh by 2032. This surge is fueled by increasing electricity costs and the widespread adoption of renewable energy sources. Reliable power and decarbonisation goals also contribute to this upward trend.
Siemens Ltd soars 0.06%, gains for fifth straight session
Siemens Ltd is quoting at Rs 3727.7, up 0.06% on the day as on 12:44 IST on the NSE. The stock is up 13.48% in last one year as compared to a 2.73% slide in NIFTY and a 14.16% slide in the Nifty Energy.
ABB India Ltd spurts 0.14%, gains for fifth straight session
ABB India Ltd is quoting at Rs 7174, up 0.14% on the day as on 12:44 IST on the NSE. The stock is up 22.24% in last one year as compared to a 2.73% slide in NIFTY and a 14.16% slide in the Nifty Energy.
Bharat Heavy Electricals Ltd spurts 2.89%, rises for fifth straight session
Bharat Heavy Electricals Ltd is quoting at Rs 403.6, up 2.89% on the day as on 12:44 IST on the NSE. The stock is up 63.27% in last one year as compared to a 2.73% drop in NIFTY and a 14.16% drop in the Nifty Energy.
Waaree Renewable gains after securing additional Rs 31 crore under existing solar EPC order
Waaree Renewable Technologies (WRTL) rose 1.19% to Rs 983.85 after the company announced the receipt of an enhancement in the scope of work under an existing contract from one of India's leading renewable energy companies.
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Bank of Baroda, Siemens Energy shares on 18 June - Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying Bank of Baroda, Siemens Energy shares on 18 JuneMint
Dipan Mehta sees long-term wealth creation in NSE listing, turns cautious on defence
Dipan Mehta, Director of Elixir Equities expects the upcoming NSE listing to attract strong investor interest, citing its attractive valuation relative to BSE and long-term growth potential. He stayed upbeat on power transmission stocks like GE Vernova T&D, Hitachi Energy and Siemens, citing strong order books and limited Chinese competition. He turned cautious on defence stocks after their sharp rally, warning of execution risks once geopolitical tensions ease. On Tata Motors, he backed the India business despite Jaguar Land Rover's conservative guidance rattling investors.