Market News

Rane Steering Systems to acquire 26% stake in Hexa Energy BH Eleven

India Cements acquires 12.48% stake in FPEL Services

The acquisition is for the purposes of meeting the Company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws.

MTAR Tech share price falls 11% as US client faces project uncertainty

The sharp decline in MTAR Technologies shares today followed reports that Crusoe Energy Systems LLC has paused work on a project in Wyoming, for which Bloom Energy was contracted as fuel cell supplier

Stock Crash: MTAR Tech shares drop 11% as key customer faces setback in 1.8 GW data centre project

MTAR Technologies shares fell after Crusoe Energy paused a 1.8 GW data centre project that was expected to deploy 900 MW of Bloom Energy fuel cells. Bloom Energy accounts for an estimated 55%-65% of MTAR's revenue.

Fueling Demand: Inside India’s ethanol mobility revolution in reverse

India is launching an ambitious green mobility initiative. The country is establishing E100 fuel stations nationwide before flex-fuel vehicles become common. This strategy aims to reduce oil imports and boost the rural economy. Major automakers are now introducing flex-fuel cars and motorcycles. This rapid development marks a significant shift in India's energy landscape.

MTAR Tech shares crash 9% after 280% rally in a year. What’s spooking investors today?

MTAR Technologies shares fell sharply after its key client, Bloom Energy, saw its stock tumble in the US market following the suspension of a major data centre project. The facility was expected to be powered by 900 MW of Bloom Energy fuel cells alongside grid electricity. The selloff in MTAR comes despite the stock rallying more than 280% over the past year.

Data Center infra plays are the hot market trades - What is driving this buzz

While analysts are bullish on stocks like CG Power, Hitachi Energy India and GE Vernova T&D to play the data center infrastructure theme, they are more cautious on stocks like Siemens Energy.

Adani Power or NTPC? Macquarie initiates coverage on 3 power stocks, hikes target prices for 3 others

As rising temperatures drive electricity demand across India, Macquarie sees the power sector entering a broad regulatory and operational reset. The brokerage initiated coverage on JSW Energy with an ‘Outperform’ rating and a Rs 720 target, while assigning ‘Neutral’ ratings to Adani Power and Adani Energy Solutions. NTPC emerged as its top sector pick, with a revised target price of Rs 480.

Macquarie bets on $85 billion grid capex opportunity; Check out its top picks

Macquarie said India's power sector is entering a multi-year investment cycle as the country expands its transmission infrastructure to accommodate growing electricity consumption and renewable energy capacity.

Adani Energy, JSW Energy to Adani Power: Energy stocks rise after Macquarie’s bullish calls

Macquarie’s preferred picks in the energy sector include NTPC, JSW Energy, Power Grid Corporation of India, Adani Green Energy, Adani Power, and Adani Energy Solutions.

Hitachi Energy India Rises As Macquarie Initiates Coverage With 'Outperform' — Check Target Price

Macquarie sees Hitachi Energy India as a key beneficiary of India's grid modernisation push and the rapid rise of AI-driven data centre capex.

Nifty 50 target cut by Citi to 26,000 - Key risk factors, top picks explained

Citi has highlighted Financials, Telecom, Healthcare, Defence and Utilities as their key "overweights", while IT Services, Staples, Metals are their top "underweights." It has also added Hitachi Energy into its list of top picks having initiated coverage on the stock recently.