Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
The National Stock Exchange (NSE) on Wednesday announced the inclusion of eight stocks in the Futures & Options (F&O) segment with effect from 29 October 2021. Meanwhile, the Nifty 50 index was up 165 points or 0.94% at 17,811. Chambal Fertilizers & Chemicals (up 8.15%), Atul (up 5.41%), Firstsource Solutions (up 5.27%), Whirlpool of India (up 5%), Gujarat State Petronet (up 3.72%), Birlasoft (up 3.66%), Laurus Labs (up 3.61%) and SBI Cards and Payment Services (up 2.47%) surged.
The market lot, scheme of strikes and quantity freeze limit of the above-mentioned securities shall be informed to members on 28 October 2021 through a separate circular, NSE said.
Buzzing index
The Nifty Consumer Durables index advanced 3.35% to 28,146. The index had declined 1.32% to end at 27,233.45 yesterday. Titan Company (up 7.56%), Whirlpool of India (up 4.37%), Havells India (up 2.54%), Kajaria Ceramics (up 2.13%), Dixon Technologies (India) (up 1.75%) and Voltas (up 1.11%) advanced.
Stocks in spotlight
Reliance Industries added 0.88% to Rs 2582.80. RIL informed that Reliance Retail Ventures (RRVL) through its wholly-owned subsidiary, 7-India Convenience Retail Limited, has entered into a master franchise agreement with 7-Eleven, Inc. for the launch of 7-Eleven convenience stores in India.
GAIL (India) fell 2.53% to Rs 162.10. Credit ratings agency Moody’s revised its outlook on the state-run company to stable from negative. It has also affirmed the ratings and the Baseline Credit Assessments (BCA) of GAIL at Baa3. The affirmation of GAIL’s issuer ratings reflects the company’s dominant position in the gas transmission business in India, operational and financial links with the government, and very strong financial profile, Moody’s said.
Kalyan Jewellers India jumped 7.63% to Rs 76.15. The company said it saw continued robust momentum in both footfalls and revenue across all its markets in India and Middle East in Q2 FY22. The jewellery retailer said it witnessed revenue growth of about 60% for its India operations during the recently concluded quarter, as compared to the same period in the previous year. Kalyan’s online jewellery platform, Candere, recorded revenue growth of about 45% during the quarter, compared to the same period during the last year.
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