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Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?
Vedanta’s newly demerged entities extended their rally, with Oil & Gas, Power and Iron & Steel hitting upper circuits, while Aluminium slipped despite Citi’s bullish outlook. Brokerages remain constructive on select businesses, though views differ on valuations as investors assess growth, cyclicality and execution risks.
Jefferies initiates coverage on GE Vernova, bullish on 2 other power transmission stocks
Jefferies has initiated coverage on GE Vernova T&D India with a Hold rating and a target price of ₹6,000, citing limited upside despite strong sector tailwinds. The brokerage remains bullish on Hitachi Energy India and Siemens Energy India, reiterating Buy ratings with target prices of ₹43,145 and ₹4,500, respectively.
Jefferies picks 9 power stocks with upside potential of up to 31%. How many do you own?
Jefferies identifies the power sector as a compelling investment theme, anticipating significant growth. The firm has issued Buy ratings on nine power stocks, projecting potential upsides ranging up to 31%. These recommendations are based on evolving market dynamics and strong demand-supply drivers. Investors are encouraged to explore these opportunities for potential gains.
3 AI stocks outweigh all of India: Why this concentration is sounding EM alarm bells
Two Asian markets are heavily reliant on AI chipmakers, with TSMC, Samsung, and SK Hynix dominating emerging market indices. This concentration poses significant risk. In contrast, India's market offers diversification across sectors like BFSI, consumption, and infrastructure, presenting a potentially more resilient investment opportunity. Experts highlight India's growing AI infrastructure play, including data centers and power, as a key advantage.
Kirloskar Oil hits the upper circuit, but upside may be limited here on
Kirloskar Oil Engines shares surged to their daily limit following a substantial order from data-centre firm HyperNext for 192 megawatts of power systems. Analysts see this deal as a significant validation of the company's capabilities, potentially boosting its market share in high-horsepower segments. While near-term gains might be tempered by the recent rally, the stock remains a promising investment with analysts maintaining 'Buy' ratings and revised price targets.
Kirloskar Oil Engines shares hit 20% upper circuit. JM Financial sees more upside
Kirloskar Oil Engines shares surged 20% after winning a substantial order from HyperNext for 96 units of its 2,500 kVA power systems, enhancing its position in the data centre market dominated by Cummins. JM Financial and Motilal Oswal raised target prices, citing strong growth potential.
Can hydrogen power mining? Hindustan Zinc begins feasibility studies
The company said that the the collaboration aims to evaluate innovative technologies that can support the transition towards low-carbon and future-ready mining.
Power Grid Share Price Live Updates: Power Grid's Trading Volume Exceeds Weekly Average
Power Mech Projects shares gain 5% as company secures ₹1,009 crore JSW Thermal Energy contract
Power Mech Projects shares rose 5% after securing a ₹1,008.90 crore order from JSW Thermal Energy for civil and structural works in West Bengal. The contract, to be completed in 36 months, enhances the company’s order book amid a series of recent large contract wins.
Resonia wins Telangana transmission project to boost renewable energy connectivity
Resonia, formerly Sterlite Power's transmission arm, has secured a significant project in Telangana from Power Finance Corporation. This initiative aims to bolster power transmission links between Andhra Pradesh and Telangana, improving grid flexibility and facilitating the integration of renewable energy from the Kurnool REZ. The project involves establishing a new substation and enhancing existing infrastructure to support this crucial connectivity.
AMFI Categorisation: Vedanta Aluminium may get largecap status; Vedanta Power, Physicswallah, others to enter smallcaps - Mint
AMFI Categorisation: Vedanta Aluminium may get largecap status; Vedanta Power, Physicswallah, others to enter smallcapsMint
Power Mech projects gains after bagging Rs 1,009-cr order from JSW Thermal Energy
Power Mech Projects rallied 3.29% to Rs 2,934.05 after the company announced that it had secured a contract worth Rs 1,008.90 crore from JSW Thermal Energy.