UltraTech Cement will acquire a 26% stake in AMPIN C&I Power Eight for up to Rs 25.50 crore. This investment supports UltraTech’s green energy goals and aims to optimize energy costs while meeting regulatory requirements. AMPIN C&I Power Eight is developing a 75 MWp DC/50 MW AC solar power project in Rajasthan.
Don’t rush in; China may be willing to talk but better stick to largecaps: Nischal Maheshwari
Market expert Nischal Maheshwari suggests sticking to large-cap quality stocks amidst ongoing trade negotiations. China has expressed openness to talks with the US, contingent on respectful engagement. Maheshwari advises caution regarding IT stocks, anticipating continued uncertainty and deferred decisions until the second half of next year, recommending a wait-and-see approach.
Positive Breakout: These 9 stocks cross above their 200 DMAs
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Market should remain strong as crude, commodity and currency working in India’s favour: Deven Choksey
Deven Choksey suggests India’s economy is poised for growth due to favorable conditions like lower production costs and strong domestic demand. The market is expected to remain strong, with the Nifty potentially trading between 21,800 and 23,800. Telecom and realty sectors are also showing promise, while travel and hospitality stocks are adequately priced.
ICICI Lombard shares in focus after Q4 profit dips 2% to Rs 510 crore
ICICI Lombard witnessed a slight dip in net profit, reporting Rs 510 crore for the quarter ended March 31, despite a rise in total income and gross direct premium income. The board recommended a final dividend of Rs 7 per share.
NHPC shares in focus on starting operation of 107 MW solar capacity at Bikaner
NHPC shares are in focus following the commencement of commercial operations for a 107 MW solar power capacity in Rajasthan. Additionally, trial runs for all units of the Parbati-II HE Project in Himachal Pradesh have been successfully completed, with commercial operations already declared for three units earlier this month.
Does it still make sense to have a larger allocation to largecaps? Chakri Lokapriya answers
LGT Wealth’s CIO-Equities, Chakri Lokapriya, suggests a multicap approach, highlighting value in mid and small-caps after recent market volatility. He favors domestic-facing companies like Tata Consumer and Voltas, financials benefiting from government spending, and industrials. Cement companies like UltraTech are also promising. While IT faces discretionary spending uncertainty, chemicals offer an advantage due to favorable tariffs compared to China.
Ceat among 4 stocks that rose above VWAP
BOJ Ueda warns of heightened uncertainty from US tariff policy
Bank of Japan Governor Kazuo Ueda warned that rising global and domestic uncertainty, driven by U.S. tariff policies, could weigh on economies, pledging careful monetary policy to meet the 2% inflation goal.
China and Hong Kong shares rally after tariff relief
China and Hong Kong stocks surged on Monday following the U.S. decision to grant tariff exclusions on certain electronics, boosting tech shares. The CSI300 Index and Shanghai Composite Index saw gains, while Hong Kong’s Hang Seng climbed significantly. Apple suppliers, including Foxconn and Goertek, experienced a rally.