Shares of Jaiprakash Power Ventures Ltd (JP Power) surged as much as 4.7% on Monday to hit Rs 24.75 on the NSE, extending a sharp rally that has seen the stock rise more than 7% over the past week. The fresh upswing comes on the heels of a new 52-week high of Rs 24.86, recorded … Read more
EID Parry is currently forming a Higher High, Higher Low structure, suggesting an ongoing uptrend. However, the stock has surged toward its rising trendline, which may act as a near-term resistance.Notably, the decline in volume during this price rise signals weakening momentum. The stock is trading 25% above its mean, while historically it tends to … Read more
Sanjiv Bhasin, Director, IIFL Securities, says “ this is the time to start to get overweight on Reliance, Apollo Hospital and ICICI. Apollo Hospital is seeing peer groups which are getting listed and their market cap move up whereas this stock has done nothing. Bhasin further says Tata Tele would be the first of two … Read more
Mumbai: Power stocks were among the top gainers on Tuesday, riding the bullish momentum in the past month, as investors bet that the government’s increased thrust on manufacturing would boost the demand for energy. The BSE Power Index, which gained 10% in the last month, rose 1.5% on Tuesday. Analysts believe the favourable government policies … Read more