Stock market update: Power stocks up as market rises

NEW DELHI: Power stocks were trading higher on Tuesday at 10:45AM Inox wind(up 6.55%), Inox Wind Energy(up 5.45%), ADANIGREEN(up 5.09%), Transformers and Rectifiers(India)(up 5.05%), Jaiprakash Power Ventures(up 4.30%), NLC India(up 3.67%), KEC International(up 2.63%), Orient Green Power Company(up 1.92%), Kalpataru Projects International(up 1.60%) and RTNPOWER(up 1.41%) were among the top gainers.

Swan Energy, Esab India among 6 overbought stocks with RSI above 70

Every investor and trader strives to make informed decisions when it comes to stocks. One essential tool in this journey is the Relative Strength Index (RSI). This article provides insights into what RSI is, its significance in stock analysis, and features 6 stocks that have entered the overbought territory. The Relative Strength Index (RSI) is […]

Chinese electric carmaker BYD posts record quarterly profit

BEIJING: China’s top electric carmaker BYD announced a record quarterly profit Monday, underscoring the firm’s growing dominance in a high-tech sector that is fiercely contested by both domestic and foreign competitors. The Shenzhen-based firm posted a profit of 10.4 billion yuan ($1.42 billion) for the July-September period, its highest-ever earnings during a single quarter and […]

Solar cushion helps India’s renewable energy firms to offset wind shortfall: Moody’s

Indian renewable energy companies with diversified portfolios in solar projects are able to tolerate generation shortfalls in wind projects, according to a report by Moody’s. The report states that rated issuers have sufficient financial flexibility to absorb moderate project underperformance. The credit quality of these companies is further strengthened by strong sponsors, including sovereign wealth […]

Panasonic cuts battery unit’s profit outlook, warns on high-end EV sales

Panasonic Holdings, which supplies batteries for Tesla, said on Monday it had cut automotive battery production in Japan in the September quarter and shrank the division’s annual profit forecast by 15%, underscoring a global slowdown in EV sales. The company’s less positive outlook for its battery segment follows similar warnings by several automakers and suppliers, […]