Torrent Power shares see a 10% drop on Friday — Factors behind the fall

Despite this fall on Friday, shares of Torrent Power are up 57% so far this year. The stock had gained nearly 90% in 2023 as well.

Despite this fall on Friday, shares of Torrent Power are up 57% so far this year. The stock had gained nearly 90% in 2023 as well.

Among these, NBCC has received an order worth ₹200.60 crore from Oil India Ltd., while its wholly-owned subsidiary, HSCC (India) has secured an order worth ₹98.17 crore to set up an e-library.

With this fall, the stock is down 13% so far for the week and is set to snap a six-week gaining streak. With this weekly drop, LTIMindtree shares have erased all the gains they made during the last six weeks.

The equity shares will be allotted to the eligible QIBs at an issue price of ₹2,520 per share – a price which includes a premium of ₹ 2,519 per piece, aggregating to a sum of ₹2,999.99 crore.

Shares of Siemens India are down 13% currently from their recent peak after today’s sharp fall.

Motilal Oswal said that there are multiple growth levers in place for Anant Raj and that it anticipates long-term value creation for the stock despite execution risks.

SEBI has set a 30-day timeline for Asset Management Companies (AMCs) to deploy funds raised through NFOs.

From MTAR Tech to Motilal Oswal, analysts have projected potential upside of up to 50% for these stocks going forward.

Kothari Products is a flagship company of the Kothari Group. It currently commands a market capitalisation of over ₹600 crore.

Before today’s rebound, shares of BASF had corrected 38% from their record high of ₹8,750, which the stock had hit on October this year.