US Stock Reports, Quotes and News
Energy Mission Machineries Share Price: Energy Mission Machineries debuted on the NSE SME platform with a premium of 165%, opening at Rs 366 compared to the issue price of Rs 138. The IPO received overwhelming investor interest, oversubscribed 320 times.
Jyoti Vaswani discusses the potential of multi-billion dollar enterprises in the green energy space and its impact on equity markets. She provides insights on the US Fed moves, RBI, inflation, Q4 earnings, management commentary, Nifty performance as well as May trends. Vaswani says that since FY24 has seen a broad-based rally, FY 25 can be expected to be driven by sustained corporate earnings growth and policy continuity.
Suzlon Energy\’s shares are poised to receive a $14 million boost from passive inflows due to increased weightage in the MSCI global standard index, as per Nuvama report.
JSW Energy Share Price: JSW Energy shares surged 5.8% on BSE after Q4 results. Brokerages raised target prices, with Jefferies maintaining a buy rating at a Rs 690 target price.
Rajiv Jain\’s GQG empire in India has expanded to $11 billion, diversifying beyond Adani stocks to include stocks from various sectors like energy, banks, real estate. The portfolio now comprises a wide range of stocks.
Rajiv Jain\’s GQG empire in India has expanded to $11 billion, diversifying beyond Adani stocks to include stocks from various sectors like energy, banks, real estate. The portfolio now comprises a wide range of stocks.
KP Energy on Monday posted a 60 per cent rise in its consolidated net profit at Rs 24.89 crore during the quarter ended March 2024 on account of increased income. It had reported a net profit of Rs 15.48 crore in the January-March period of preceding 2022-23 financial year, the company said in an exchange filing.
The finance cost of the non-banking financial company rose in tandem with the revenue to ₹847 crore. Loan disbursement in the quarter was ₹12,869.35 crore up around 14% from the corresponding period last year.
Kenneth Andrade anticipates significant growth in the power market, emphasizing massive investments in energy capex equivalent to India\’s GDP over the next 15 years. He discusses the impact on various sectors and the rationale behind his pharma holdings, focusing on profitability potential. Andrade says he is avoiding banks because he chooses to be on the asset side and not on the liability side.
Sterling & Wilson Renewable Energy Limited (SWREL) has posted a net profit of Rs 1.40 crore during the quarter ended March 2024 on account of increased income.
Liberty Energy (ticker: LBRT) has reported strong financial performance in the first quarter of 2024, with revenue reaching $1.1 billion and adjusted EBITDA standing at $245 million.
Paytm will be a high conviction exclusion, causing outflows of $77 million from India, the domestic brokerages\’ note said. Paytm\’s exclusion comes after a nearly 40% correction in the share price following RBI\’s ban on its Paytm Payments Bank. Meanwhile, Berger has yielded nearly 9% returns over 1 year.