The shares of one of India's leading steel producers received a sell recommendation from Kotak Institutional Equities, with a projected downside of 43%.The company has a market capitalization of ₹61,669 crores. Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatna of the country's Central [...]
This large cap stock reached its 52- week today during the trading session after the board approved sale and transfer of Beawar Transmission Limited. The share prices of REC closed at Rs. 245.75 levels. The stock jumped 2% to reach its 52- week high of Rs. 249.25 per share. The stock gave a multibagger return [...]
Shares of a Maharatna company notched 4.64 percent gains after its shares received a double upgrade from global brokerage UBS. Its shares reached a 52-week high of ₹ 122.95 apiece and were trading at ₹ 121.65 apiece at 01:21 PM on Monday. GAIL (India), an integrated natural gas company is a Government of India undertaking. [...]
Shares of Maharatna, with a market value of Rs 49,399 crore, rose 8.7 percent to a 52-week high of Rs 188.70 per share after the company announced strong June quarter financial results. At 2:00 p.m., REC Limited shares were trading at Rs 188.30 a share on the National stock exchange, up 8.50 Rs or 14.75 [...]
Power Grid Corporation of India Ltd. (PGCIL) is a ‘Maharatna’ status public sector company (PSU) under the Ministry of Power, Government of India. The government holds a 51.34% stake in this CPSU which is engaged in the business of power transmission. It is the largest electric power transmission utility in India with a transmission network [...]
The shares of Maharatna PSU, REC Limited, opened at Rs 116.15 levels and gained as much as 5 percent to trade at Rs 121.15 levels on Tuesday. The scrip gained after the company reported its quarterly results and announced an interim dividend. In Q3FY23, their total income stood at Rs 9,795.24 Crore which declined by [...]
ICICI Securities is bullish on the shares of Bharat Heavy Electricals Limited (BHEL), a mid-cap Maharatna company. The company’s shares were trading at ₹ 55.15 apiece at 11:35 AM on Tuesday. In its research report dated September 22, 2022, the brokerage has maintained a buy call on the shares, with a target price of ₹ [...]
