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South Korean defence stocks surge as high as 30% amidst ongoing US-Iran war
Defence stocks globally had seen a sharp surge on Monday with the escalation of the war in the Middle East. Indian stocks such as Paras Defence and ideaForge were up between 6% to 7%, while others such as Solar Industries and Bharat Electronics gained between 2% to 4%.
Top 10 stocks that bucked the trend in a weak market session
In a weak session, Tejas Networks jumped over 19% intraday, topping the charts, with ideaForge and Solar Industries close behind, as MCX, Muthoot Finance and others bucked the broader sell-off.
Oswal Solar Energy receives order worth Rs 39.40 cr
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Waaree Energies to Premiere Energies: Which solar stocks to bet on amid supply glut & US duty overhang?
Indian solar stocks face pressure from oversupply and a US duty overhang, impacting companies like Waaree Energies and Premier Energies. While domestic module capacity outstrips demand, new US tariffs on certain imports add uncertainty. Experts suggest integrated players and those with diversified markets are better positioned for the evolving sector.
Watch | Gurmeet Chadha & Devina Mehra on market strategy amid West Asia tensions
Devina Mehra, Founder, Chairperson and Managing Director of First Global and Gurmeet Chadha, Managing Partner & CIO of Complete Circle say geopolitical tensions may trigger short-term volatility but not a lasting bear market. Mehra advises using market dips to deploy cash, noting past conflicts fade from markets and crude spikes are usually temporary. She prefers autos, pharma and select cyclicals. Chadha remains overweight defence, citing opportunities in Solar Industries, Bharat Electronics and Zen Technologies, while also watching refiners amid oil price swings.
Andhra Pradesh okays Adani solar power deal, with rider
Adani Andhra solar deal: CM Naidu had kept the decision in abeyance and the state was examining the financial impact of cancelling the power supply agreement. Last year, Andhra Pradesh had realised the adverse financial implications of such a move and was trying to look for options.
GAIL to invest Rs 1,736 crore in wind power project in Maharashtra
State-run GAIL (India) Ltd has approved an investment of Rs 1,736.25 crore to set up a 178.2 MW wind power project in Maharashtra, expanding its renewable portfolio as it targets net zero carbon emissions by 2035. The project will add to its existing wind and solar capacity. GAIL aims to raise renewable capacity to 3.4 GW by 2035 and is also investing in green hydrogen and compressed biogas.
Jefferies cuts First Solar stock price target on weak guidance By Investing.com - Investing.com India
Jefferies cuts First Solar stock price target on weak guidance By Investing.comInvesting.com India
From US dependency to African opportunity: India's solar industry has new export option post-duty blow.
A new countervailing duty by the US on Indian solar modules are reshaping trade patterns. India's renewable energy ministry sees Africa as a strong alternative for both module exports and for developers setting up projects.
Waaree Energies, Premier Energies Share Price Rebound: Solar Stocks Stabilise in Stock Market Today - Samco
Waaree Energies, Premier Energies Share Price Rebound: Solar Stocks Stabilise in Stock Market TodaySamco
US, China challenge ‘Make in India’ factory incentives
India’s manufacturing push under the production-linked incentive (PLI) scheme is facing global scrutiny, with the US and China challenging subsidies they say distort trade. The US has imposed preliminary 126% duties on Indian solar imports over alleged unfair subsidies, a move analysts say could shut Indian panel makers out of the US market.
Waaree, Premier Energies shares rise 2% as brokers brush off US CVD fears
Indian solar energy stocks saw gains on Thursday. Brokerages reassured investors, downplaying the impact of new US import duties. Companies like Waaree Energies and Premier Energies are expected to remain largely unaffected. This is due to their sourcing strategies and limited reliance on Indian-made solar cells for US exports.