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Sterling & Wilson Renewable Energy reported a net profit of Rs 8.57 crore for the second quarter ending September 2024, reversing a net loss of Rs 54.51 crore in Q2FY24. Revenue rose by 35.7% to Rs 1,030.49 crore YoY. The company’s shares have surged 25% in 2024 and 79% over two years.

HDFC Life Insurance shares trade around Rs 740, showing potential for upward momentum if it surpasses Rs 750, with Rs 730 acting as critical support. RSI and moving averages indicate a bullish trend, and a Broken Wing Options strategy is suggested for potential gains.

Brokerage firms recommend various strategies for HCL Tech, HDFC Bank, RIL, and Maruti Suzuki. Nuvama and Jefferies advocate buys for HCL Tech and HDFC Bank, respectively. HSBC also favors Maruti, while Investec maintains a sell rating on HCL Tech. Analysts highlight growth prospects and market dynamics influencing valuations.

Indian equity indices traded higher on Tuesday, supported by banking and IT stocks gains and a fall in crude oil prices. The BSE Sensex increased by 237 points and the Nifty50 was up by 65 points. A decline in oil prices benefits India, a major oil importer. Angel One shares also jumped due to strong quarterly performance.

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The Federal Bank, Kalyan Jewellers India, Oberoi Realty, markets news, stock market news, Federal Bank shares.

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