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L&T To CNBC-TV18:

L&T Will Be Industry Trendsetter & Market Leader In This Segment

Will Extend Offerings To Plant Services As More Capacity Comes On Stream

Current Nuclear Revenue For L&T Will Increase 3.5x In Next 5 Years

We Need To Get To Stage 2, That Is Faster Scale Up Of Capacities

Plant & Machinery: Around 35% Of Total Cost

Construction & Associated Commissioning Costs Will Take Up Remaining Costs

India’s T&D Is Mature For Large Nuclear Reactors

Market at day’s high, Nifty crosses 23,900 as market makes a smart recovery

Ola Electric Launches S1 X+ 5.2 kWh With 4680 Bharat Cells

The shares of one of the biggest infrastructure companies, L&T, recovered from lows of the day.

While bond and currency markets saw pressure from around the world, Indian markets saw a minor rebound during the day. Government bond yields increased as the rupee saw a significant decline in value relative to the US currency.

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The Indian Air Force and GE Aerospace have reached an agreement for the establishment of an in-country facility for the F404-IN20 engines that power the Light Combat Aircraft Tejas. It is anticipated that the new depot will enhance turnaround times and drastically lessen dependency on foreign repair facilities.

Kernex Systems | Bags Order Worth ₹67.5 Cr From PCMM Office, Patiala

The shares of Puravankara surged over 8% after the company announced its update.

The NTPC Green Energy shares rose after Delhi EV push.

The markets have managed to recover from the lows of the day.

According to highly placed insiders, India’s tax authorities have increased their inspection of the startup ecosystem after discovering alleged misuse of tax exemptions. Several firms have been reported for claiming benefits without engaging in meaningful commercial activity.

MCX buzzing in trade, up over 2% on MS upgrade

The Nifty Midcap 100 has recovered a mammoth 1,300 points from the lows.

Dharmesh Kant, Hd-Research, Chola Securities

On aluminium players

We have two strong players in India. One is Hindalco. Other one is Vedanta. Nalco, again, comparatively very cheap valuation out there as regards to Vedanta valuation multiple.

So all these three company looks well – 17% year to date, aluminium price hike has been there and looks like it’s likely to stay going forward for this entire calendar year.

Last six months, the trade of the commodity play has been quite simple, any declines – 4-5% kind of a stock price decline should be used to add opportunity.

We do think that 10-15% more kind of upside in near term of three to six months for companies like Hindalco, Vedanta and Nalco is very much on the cards.

All three of them is a good basket buy, and we have been recommending that to our clients on periodic basis.

Dharmesh Kant, Hd-Research, Chola Securities

On cement

The Nifty Bank has recovered over 1000 points from the lows of the day, down just 0.90%.

The Nifty index has recovered from the lows of the day. halving its decline.

Here are some of the biggest volume-based movers (higher than 10-day average)

Dharmesh Kant, Hd-Research, Chola Securities

Coal India

We are playing Coal India, more of a buy on declines kind of a strategy with people who prefer dividend yield and risk reward issue does look favourable out there. Otherwise, I don’t think it’s a wealth creator from hereon.

RR Kabel Forays Into The Kitchen Appliances Segment & Expands Its Air Coolers Range

Top Holdings

Stock             Weightage

The Nifty 50 index has recovered from the lows of the past, rising over 250 points.

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