Sterling & Wilson Solar share price rallied 3.4 percent on December 12 after its Australian subsidiary executed a AUD 170.60-million order.The stock closed at Rs 286.90 on the BSE after rallying 5 percent intraday.The engineering company informed exchanges that Sterling & Wilson Solar Australia Pty Ltd had executed a definitive contract for engineering, construction and procurement for a 144 MW DC solar farm.Close Overall, the stock has underperformed since its listing in August, falling 63 percent from its issue price of Rs 780 due to delay in debt repayment by promoters. related news Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win D- Street Buzz: PSU banks surge on likely resolution of 4 NPA cases; Indiabulls Housing most active "The board of directors on November 14 approved a request received from the promoters of the company ie Shapoorji … [Read more...] about Sterling & Wilson Solar share price gains 3% after Australian arm executes order
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Reliance Industries share price gains as CLSA maintains buy with target above Rs 2,000
Reliance Industries share price was up 1.5 percent in the morning trade on December 13 after broking house CLSA maintained a buy rating with a target at Rs 2,010 per share.According to CLSA, despite being a growth leader, the company trades near the bottom range of PE & PEG and it is the most attractively priced largecap growth stock in India.It is an attractive GARP bet among the largecaps and ranks second only to IndusInd Bank on the basis of FY19-22e PBT growth, it added.Close On FY21 PE and three-year growth shows that despite being the growth leader, the company's PE is higher than only four other names and at a 49 percent discount to the average, it added. related news ITDC jumps 9% on merger with Kumarakruppa Frontier Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win The company ranked seventh in the CLSA's big caps (ex China-A shares) with a market … [Read more...] about Reliance Industries share price gains as CLSA maintains buy with target above Rs 2,000
DLF share price at 52-week high after Jefferies adds stock to its portfolio
DLF share price gained 2 percent in the morning trade on December 13 after Jefferies’ Christopher Wood in his GREED & Fear report said he will introduce investment in the Delhi-based real estate company with a 5 percent weightage.The stock touched a fresh 52-week high of Rs 229.50 on the BSE. It has rallied 42 percent in the last three months after the corporate tax rate cut, reduction in debt and hope of growth in the rental business.It was quoting at Rs 226.55, up Rs 1.65, or 0.73 percent at 1012 hours.Close Wood, a top-ranked market strategist whose weekly GREED & Fear report has a huge following, is the global head of equity strategy at Jefferies Global. related news Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win D- Street Buzz: PSU banks surge on likely resolution of 4 NPA cases; Indiabulls Housing most active In November Morgan … [Read more...] about DLF share price at 52-week high after Jefferies adds stock to its portfolio
Wipro share price gains 2% on multi-year cyber governance contract from Tokyo’s Olympus
Shares of Wipro gained more than 2 percent intraday on December 13 after the company said it has signed a multi-year cyber governance contract with Tokyo's Olympus.Olympus, a global medtech company, is passionate about optical and digital solutions for the medical, life sciences and industrial equipment industries as well as cameras and audio products."Wipro has been awarded a strategic multi-year cyber governance, cloud and infrastructure services transformation engagement by Olympus," the Bangalore-based IT company said in its BSE filing.Close For this transformation, Wipro said it would leverage its SHINRAI delivery framework, which is designed specifically for engagements in Japan. "It has stringent quality processes and ensures reliable and predictable delivery to improve customer satisfaction and experience." related news Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December BGR Energy share price locked in 20% upper circuit on Rs … [Read more...] about Wipro share price gains 2% on multi-year cyber governance contract from Tokyo’s Olympus
Hikal share price jumps 12% as Panoli plant receives EIR from USFDA
Shares of pharma company Hikal rallied more than 12 percent on December 12 after its Panoli plant received Establishment Inspection Report (EIR) from the US health regulator.The stock closed at Rs 114.30 on the BSE, up Rs 12.65, or 12.44 percent.The pharmaceutical manufacturing facility at Panoli in Gujarat was recently inspected by the US Food and Drug Administration in compliance with their requirements.Close The five-day detailed inspection was carried out during the period September 9-13 this year, the company said in its BSE filing. related news Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win D- Street Buzz: PSU banks surge on likely resolution of 4 NPA cases; Indiabulls Housing most active The inspection confirmed the site to be compliant with the principles and guidelines of Current Good Manufacturing Practices (CGMP), it added.Hikal said the inspection … [Read more...] about Hikal share price jumps 12% as Panoli plant receives EIR from USFDA
