Market Bizzz

Waaree Renewable Technologies secures a Rs 262 crore solar power project from Waaree Energies for 170 MW AC capacity. Despite last year’s stock underperformance, the company has displayed impressive returns over the last five years. The latest financials show a net profit of Rs 53.48 crore.

Garden Reach Shipbuilders & Engineers (GRSE) signed a contract with Carsten Rehder of Germany for the construction and delivery of the 7th and 8th Multi-purpose vessels (MPVs), worth approximately 108 million USD. Each vessel, designed to transport cargo including large windmill blades, will have a capacity of 7,500 metric tonnes.

NCC shares: Over the past year, NCC’s shares have fallen by 13.15%. Year-to-date, the stock has declined by 25.73%. In the last six months, the price has dropped by 34.57%, and over the past three months, it has decreased by 28.27%. However, in the last month, the stock has seen a recovery, rising by 10.25%.

Apollo Hospitals shares: Apollo Hospitals reported a 52% year-on-year (YoY) rise in its consolidated net profit, reaching Rs 372 crore for the December 2024 quarter, boosted by higher sales. The company had posted a net profit of Rs 245 crore in the corresponding quarter of the previous fiscal year.

Market Expert Sunil Subramaniam highlights the role of Domestic Institutional Investors (DIIs) in driving recent market recovery, aided by a substantial cash reserve and upcoming tax cuts. He suggests investing in rate-sensitive sectors, primarily banking and consumer discretionary stocks, due to favorable economic conditions including anticipated interest rate cuts and improved liquidity.

One of the biggest milestones of IOC 6.0 was the Guinness World Record set by Jainam Broking Limited for conducting the Largest Financial Investment Session, Jainam Broking said in a release.

Foreign institutional investors (FIIs) have shifted their strategy in India, showing signs of renewed interest in Indian equities with significant net buying on March 21. Improved domestic fundamentals such as growth pick-up and declining inflation, along with positive sentiment in the debt market, are influencing this change.