ESAB India Ltd, part of the industrial product space, has rallied by about 30% in a month pushing the stock to a fresh record high in November and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock now for a target of levels above … Read more
Indian market recouped losses and closed flat with a positive bias on Monday. The S&P BSE Sensex settled above 65,400 levels while the Nifty50 managed to hold on to 19,400 levels. Sectorally, buying was seen in IT and FMCG stocks while selling was seen in metal, power, public sector and realty stocks. Stocks that were … Read more
ET Intelligence Group: Austria-based RHI Magnesita, the world’s largest supplier of refractories, is looking to raise capital in its Indian subsidiary to fund expansion and upgrade the recently acquired assets in India. It acquired refractory makers Dalmia OCL and Hi-Tech Chemicals in the December quarter, tripling its capacity to nearly 500,000 tonnes.These developments are positive … Read more