Kirloskar Oil Engines has received a major order from HyperNext for 192 MW of power systems, but analysts warn that the upside may be limited due to its recent run-up. The company has gained significant market share in HHP and brokerage firms have upgraded the stock’s rating and raised price targets.
Kirloskar Oil Engines sees a 20% surge in its shares amid a major order from HyperNext and significant market share expansion in the high-horsepower segment. Learn more about the company’s long-term prospects and growth potential in the data centre market.
The Central Bureau of Investigation (CBI) has arrested two former CEOs in connection with a massive bank fraud case, causing a combined loss of Rs 7,623 crore to multiple public sector banks. Read more about the case, key decision-makers, market impact, and FAQs.
The Central Bureau of Investigation (CBI) has made significant arrests in a major bank fraud case involving former CEOs of Reliance Commercial Finance Limited and Reliance Home Finance Limited. The alleged fraud amounts to Rs 7,623 crore in multiple public sector banks.
State-run oil marketing companies (OMCs) in India are poised to see improved profitability as falling crude oil prices lift fuel marketing margins, with composite margins on petrol and diesel sales now above pre-conflict levels, according to a JP Morgan report.
Falling crude oil prices are set to improve profitability for oil marketing companies in India, with composite margins on petrol and diesel sales above pre-conflict levels, according to a JP Morgan report. However, rising debt levels and uncertainty over fuel taxes limit the sector’s long-term outlook.
The Indian stock market is holding steady in mid-session trade, with the Nifty 50 and Sensex continuing to rise amid broad market participation. Cipla, Dr. Reddy’s Laboratories, and Infosys are among the top gainers on the Nifty 50. Learn more about the current market trend and top-performing stocks.
Iris Clothings Limited, a leading Howrah-based kidswear maker, has entered the quick commerce segment to boost its sales and expand its reach. The company has partnered with one of India’s dominant quick commerce platforms to deliver products within a short time frame, providing a unique opportunity to tap into the growing demand for kidswear products.
The Nifty 50 has opened the week with a gap-up and is trading higher, with a positive outlook and potential rise to 24,400 in the coming sessions. Traders can go long now at 24,135, with a stop-loss at 24,040 and a potential exit at 24,285.
Nifty 50 has opened the week with a gap-up, trading higher at 24,120 with a positive outlook. Key intraday support levels are in the 24,060-24,050 region, with a potential rise to 24,200 in the coming sessions. Traders can go long now at 24,135, accumulating on dips at 24,105 and keeping a stop-loss at 24,040.
