Railway PSUs RITES, RVNL jump over 10% on large order updates

Despite the recent recovery, shares of both RITES and RVNL are significantly below their respective peaks.

Despite the recent recovery, shares of both RITES and RVNL are significantly below their respective peaks.

The investors are waiting for the NTPC Green Energy IPO allocation details after the mainboard issue closed with a decent demand. The ₹10,000-crore IPO was open for subscription from November 19 to November 22.

Marketbuzz Podcast: Indian markets may open strongly in the green according to the GIFT Nifty. Watch out for stocks like Reliance Industries, HDFC Bank, Zomato and others.

As of 7 AM, the GIFT Nifty indicated an implied open of over 430 points.

Citi’s price target implies a potential upside of 21% for shares of Reliance Industries and this comes after CLSA, earlier this month, projected a 30% upside.

US stocks rose on Friday, with the S&P 500 gaining 0.4% as beneficiaries of the incoming administration’s looser regulation and business-friendly stance climbed.

Brightcom Group also recently conducted its Annual General Meeting (AGM), where it said all the proposals were passed and also conducted an investor call, the transcript for which will also be shared to the exchanges.

Stock Market LIVE Update: Indian equities, struggling for the last two months for momentum, saw a sharp upmove on Friday, ahead of the counting. The Nifty reversed its losses for the week to end sharply higher as well. This, coupled…

A round-up of all the stocks to watch out for as trading kicks off on Monday: Zomato, Adani stocks, Cochin Shipyard, RITES, and more.

Summons have been sent to Adani’s Shantivan Farm residence in Ahmedabad and his nephew Sagar’s Bodakdev residence in the same city for a reply to SEC within 21 days.