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On the technical charts, the 200-day moving average of the stock stood at Rs 627.04.

Tata Power posted a nearly 90 per cent jump in its consolidated net profit to Rs 883.54 crore for the April-June quarter of the current fiscal driven by higher income. The power generating firm had posted a net profit of Rs 465.69 crore in the same quarter of 2021-22.

Promoters held 74.03 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 8.42 per cent and 5.09 per cent, respectively.

Solar Industries India Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 25331.33 Crore) operating in Chemicals sector.

Dynamic Cables manufactures power infra cables that include LT, HT, EHVC, power control and instrumentation cables, flexible & industrial cables, solar cables, and railway signalling cables.

On Monday and Tuesday, the shares of the company took a strong hit after the one-year mandatory lock-in period for promoters, shareholders, and others ended. The lock-in period refers to that period for which investments cannot be sold or redeemed.

The stock has outperformed the benchmark index by a wide margin, especially in the short term and experts are of the view that the momentum is likely to continue in the near future.

Total revenue from operations increased to Rs 14,638.78 crore for the quarter ended June 2022 as against Rs 10,310.21 crore in June 2021, up by 42 per cent year-on-year (YoY).

A total of 16,028 shares changed hands on the counter till 12:48PM (IST).

As per rule-of-thumb, recession is defined as two consecutive quarters with negative GDP readings. However looking at it the other way, a recession is a broad-based contraction that affects many sectors of the economy. The US economy as yet does not reflect that.