JSW Cement plans to invest around Rs 3,000 crore to set up a greenfield, integrated manufacturing facility in the Nagaur district of Rajasthan, the JSW Group-owned company said on May 21.The investment would be funded through a combination of equity and long-term debt, the company said.Indian cement makers are bullish on the demand environment amid increased government spending on infrastructure, ...

Oil and Natural Gas Corporation (ONGC) reported a 78 percent surge in its consolidated net profit for the fourth quarter of FY24 from last year. The explorer’s revenue from operations, however, increased slightly during the January-March 2024 period.ONGC reported a 1.6 percent slide in crude oil production in FY24 from last year despite the government’s call to boost domestic production to red...

Shares of Bharat Electronics Ltd (BEL) zoomed 8 percent to hit a fresh record high of Rs 283 apiece on NSE on May 21, a day after the company reported above-estimate earnings for the quarter ended March 2024, driven by better-than-expected EBITDA margin, PAT and strong revenue growth.Up-fronting of order inflows led to a beat in overall order inflows for the company.The state-owned company reporte...

Bata India’s derivative data reveals a long build-up with an open interest addition in futures and put writing at Rs 1,300 strike. The open interest in futures is at 41 lakhs, with a significant addition in the last two sessions.The stock is currently trading at around Rs 1,374, up by 0.80 points. According to Avdhut Bagkar, Head of Technical and Derivative Research at Stoxbox, the at-the-money ...

Second order effectAs Vodafone begins repaying the money it owes various parties, including the government, some HNIs have resumed loading up on shares of Indus Towers. The Silent Investor is said to be leading the charge of the bull brigade, having bought some more stock last week. It is not clear yet how much of Indus’s dues will be cleared by Vodafone in the foreseeable future.  Analysts are...