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Manufacturing: India is on the cusp of the Manufacturing up-cycle and is expected to gain further boost from the policy continuity post the General Election 2024.

In Q2 FY24, the firm reported a 3.4% rise in profit at Rs 394.3 crore against Rs 381.2 crore in the year-ago period. The revenue in Q2 FY24, however, climbed only marginally to Rs 4,914.3 crore, as compared to Rs 4,908.9 crore in the preceding year.

The Relative Strength Index of the stock stood at 67.72 on Wednesday.

Chakri Lokapriya says: “In terms of the industrial space, the power sector or the infrastructure space, there is a multi-year shift to green energy, shift to infrastructure spending, which goes to some of the PSUs like NTPC, NLC getting the first orders. BHEL will continue to win orders. There is still enough money to be made in the industrials and the financial space within the PSUs.”

The total volume in DeFi is currently $6.98 billion, 9.69% of the total crypto market 24-hour volume. The volume of all stablecoins is now $63.22 billion, which is 87.8% of the total crypto market 24-hour volume.

A total of 42,380 shares changed hands on the counter till 12:43PM (IST)

To evaluate the consistency of high-performing stocks, ETMarkets conducted backtesting on those that achieved a minimum 20% return in the last four quarters of 2023.

The stock quoted a 52-week high price of Rs 346.9 and a 52-week low of Rs 182.45.

Shares of VST Industries shot up over 6% and hit their 52-week high of Rs 4,324.70 on the NSE on Wednesday following an additional 1.44% stake purchase by Radhakishan Damani on Tuesday. The billionaire investor and founder of Avenue Supermarts is already the largest shareholder in the company.

Shipping Corporation of India Ltd., incorporated in the year 1950, is a Mid Cap company (having a market cap of Rs 8149.15 Crore) operating in Shipping sector.