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Shares of Inox Wind rose nearly 4% after Motilal Oswal initiated coverage with a Buy rating and a target price of Rs 210. The brokerage cited strong order visibility, robust O&M capacity, and vertically integrated operations as key strengths, projecting a 21% upside from current levels and long-term potential in Indias growing wind energy market.
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News and Media
RITES shares surged over 6% to Rs 296 following the announcement of a USD 3.6 million international contract from African Rail Company. This order involves supplying and commissioning two fully overhauled ALCO diesel-electric locomotives for deployment in Zimbabwe, Mozambique, and Botswana. The project, expected to be completed within 9 months, includes warranty support and technical deployment.
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Standard Chartered Bank's Steve Englander analyzes market reactions to the potential passage of the Trump tax bill. He notes uncertainty in equities and the dollar. The market anticipates a benign resolution to the tariff deadline. Focus shifts to growth and profits, with AI potentially influencing market tone. The dollar's future is uncertain, influenced by yields and risk premiums.
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RBL Bank shares: The stock, which has surged over 21% in the past month and more than 64% in the last six months, extended its winning streak by rising for the eighth time in nine sessions. It closed on Tuesday at Rs 259.95, up 4.6%, with a market capitalization of Rs 15,831.21 crore.
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News and Media
AstraZeneca Pharma India shares saw a rise after Imfinzi got approval for expanded use. The CDSCO approved it as a first-line treatment for specific endometrial cancer cases. This follows AstraZeneca's strong Q4 earnings, with a significant jump in net profit and revenue. The company attributes this to its focus on innovation.
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News and Media
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