Sat, Jan 2, 2021 7:23 PM
Power Finance Corporation raises borrowing limit to Rs 1.18 lakh crore
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After NTPC Green's Rs 10,000 crore IPO expected around November, almost a dozen more such issues are likely to hit the market over the ensuing months, with state-run energy companies seeking to bolster the capital bases of their newly incorporated green subsidiaries. These IPOs are part of a larger plan of these companies – Coal India, ONGC, SJVN, NHPC, India Oil and NLC India.
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📈 Amid mixed global cues, benchmark indices started on a flat note today. 📊 At 9:16 AM, the Sensex gained 81.47 points or 0.11% at 74,420.91 and the Nifty was up 30.00 points or 0.13% at 22,600.35. 📢Tech Mahindra (⬆️6.50%), Mphasis (⬆️3.83%) and Vedanta (⬆️2.93%) appeared as the top performers on the Nifty50 at open. Bajaj Finance stock is in focus today.
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Despite weak global market sentiments on disappointing forecasts from Facebook and Instagram parent Meta, the Indian stock market ended higher for the fifth straight session on Thursday. Vaishali Parekh's stock recommendations 💰JSW Steel: Buy at ₹905.80, target ₹942, stop loss ₹885; 💰NMDC: Buy at ₹252.25, target ₹265, stop loss ₹247; and 💰HUDCO: Buy at ₹203, target ₹212, stop loss ₹198.
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