Market News
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Energy security should drive adoption of renewables now: Hero Future Energies chief Rahul Munjal
Rahul Munjal of Hero Future Energies said India must shift its renewable energy narrative from climate goals to energy security amid oil supply disruptions. He stressed scaling from gigawatts to terawatts, highlighting green hydrogen, solar, and wind as key to reducing crude oil dependence.
India to invite bids for 220 MWe Small Modular Reactor, boosting nuclear push under green energy transition
India is set to invite bids for its first 220 MWe Bharat Small Modular Reactor (BSMR-200) within six months, a significant stride in boosting nuclear energy for its green transition. Foreign firms can participate with local partners. This pilot project, costing approximately Rs 30 crore per MW, aims to pave the way for future SMR developments.
NTPC Green Energy shares gain the most in a month to retest its IPO price
The recent increase in NTPC Green shares can largely be attributed to the Iran war, which has led to a global energy crisis and a resultant shift to green energy / clean mobility / renewable energy companies.
Organic Recycling Systems signs MoU with ITEL, Chennai
Organic Recycling Systems (ORSL) has entered into a strategic Memorandum of Understanding (MoU) with the Immersive Technology and Entrepreneurship Labs Foundation (ITEL), Chennai, to jointly drive research, innovation, and capacity-building initiatives in bio-energy, waste management, and green technologies.
NTPC signs pact with Octopus Energy to expand global energy play
As per an exchange filing, the agreement establishes a non-binding framework for cooperation aimed at identifying, assessing and pursuing opportunities in electricity distribution and retail, renewable energy and storage, electric vehicle charging infrastructure, digital energy platforms, innovation, research and development, and capacity building.
Valuation Check: 9 mid-cap stocks trading well above their Industry P/E
Stocks trading above their industry price-to-earnings ratio often signal strong growth expectations or investor optimism. A StockEdge valuation scan highlights nine NSE midcap companies, including Lenskart Solutions, NTPC Green Energy and Biocon.
₹11 to ₹1205: Multibagger penny stock turns ₹1 lakh into ₹1.09 crore in five years
Lloyds Metals & Energy has delivered significant returns to investors, with shares rising 10,854% since March 2021. In terms of yearly performance, the stock closed each of the last five years in the green, with four of them standing as multibagger years.
Stocks in news: Nazara Technologies, IndiGo, Hindustan Zinc, NTPC Green, RIL
Indian markets saw a strong rebound on Tuesday, recovering some losses. Global cues improved and crude oil price worries eased. Several companies are in focus today. Nazara Technologies saw a significant block deal. IndiGo's CEO stepped down. RIL is boosting LPG production. Vedanta calls for unlocking domestic resources. NTPC Green Energy added new solar capacity.
Stocks in news: IndiGo, RIL, Torrent Power, ideaForge, NTPC Green
Indian markets experienced a sharp sell-off, extending the downtrend amid global concerns and geopolitical tensions. Nifty faces immediate support at 23,500, with resistance expected around 24,000-24,300. IndiGo flights faced airspace issues, while Reliance Retail acquired 'Pahadi Local'. Torrent Power raised Rs 2,000 crore via NCDs, and ideaForge began drone training for NATO personnel.
TCS shares rise 2% after Tata Group and OpenAI announce strategic partnership
Tata Consultancy Services (TCS) shares surged after announcing a strategic partnership with OpenAI to build AI infrastructure in India and offer joint market solutions. This collaboration aims to boost productivity, enhance software engineering, and position India as a global AI hub by developing AI-ready, green-energy-powered data centers.
Thermax: Surge in order inflows, green energy push to drive earnings
Energy transition opportunities and rising industrial capex to drive future growth
Nifty recovers 200 points from intra-day lows; IT continues outperformance | Closing Bell
Indian equities erased all the intraday losses with Nifty back above 23,500. TCS, Infosys, HCL Tech, Tech Mahindra, Trent are among top gainers on the Nifty, while losers are NTPC, Power Grid Corp, Cipla, Dr Reddy's Labs and L&T. Among sectors IT index up 4%, while auto, metal, Consumer Durables, realty up 0.5% each. However, pharma, healthcare, power, media, energy down 0.5-1%. Nifty Midcap and Smallcap indices down marginally. Catch Lovish Darad in conversation with Market Experts.