Latest news with #FertilizersandChemicalsTravancoreLtd
Mint
24-07-2025
- Business
- Mint
Nagaraj Shetti suggests KPR Mill, FACT shares to buy in the short term; do you own?
Stock market today: Domestic stock markets began the day flat on Thursday, with expectations that investor sentiment will improve as India and the UK are set to officially announce the Free Trade Agreement (FTA) later today. This anticipated optimism is bolstered by recent global events, such as the trade agreement between the US and Japan. At 11:59 IST, the Nifty 50 index was trading at 25,038 . 15, down by 178.35 points or 0.73%, whereas the BSE Sensex was trading at 82,090.44, reflecting a slip of 644.59 points or 0.79%. Analysts indicated that investors are optimistic about the India-UK FTA and the US-Japan agreement that reduced tariffs. The overall sentiment is positive, and any additional trade news before August 1 could stimulate a market surge. According to Nagaraj Shetti of HDFC Securities, is in the process of forming a new lower top of the pattern. Shetti recommends two stocks to buy in the short-term. Here's what Shetti says about the overall market. After showing a sustainable upmove towards the crucial overhead resistance of 25,250 levels yesterday, Nifty 50 was not able to surpass the said hurdle so far today and slipped into weakness. The negative chart pattern like lower highs and lows is still intact and presently Nifty 50 is in the process of forming a new lower top of the pattern. However, a decisive move only above 25,250-25,300 could negate this bearish sentiment. Immediate support is placed at 25,050 levels. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - K.P.R. Mill Limited, and Fertilizers and Chemicals Travancore Ltd (FACT). After witnessing a range bound action in the last few weeks, the stock price witnessed a sustainable upside breakout recently and closed higher. Volume has started to expand during upside breakout in the stock price and daily RSI shows positive indication. The stock price has bounced back sharply on Thursday after a healthy downward correction of the last one week. We observe formation of higher bottom at the swing low of ₹ 940 levels recently. Volume pattern and momentum oscillators are indicating positive bias for the stock price ahead. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Time of India
29-04-2025
- Business
- Time of India
Petrochemical park in Kochi expected to be operational by yearend
Kochi: Petrochemical park project at Ambalamugal, which is the only major industrial project coming up in Kochi in decades, is set for completion by the yearend. Of the 25 plots allotted for setting up industrial units, construction of five units was completed. As per deadline, Kinfra, nodal agency for the project, should complete the development of infrastructure and allocate land to industrial units by July 2024. "Now, works are progressing fast. Investment to the tune of hundreds of crores was pumped in by the firms which have agreed to start business. Govt will provide all infrastructure facilities like water, waste treatment, electricity, etc.," industries minister P Rajeeve said. "We expect that the park can be commissioned by the end of the year. Once fully operational, it is expected to generate 20,000 employment opportunities," he added. A PVC pipe unit, a bitumen plant and a formaldehyde unit will soon begin operations from the park. Work on administrative block, internal roads and other facilities is nearing completion. Drainages, water treatment plants, common sewage treatment plants, common effluent treatment plants, rainwater harvesting systems and solid waste management facilities for industrial units functioning from the park will be arranged as part of the Rs 128 crore infrastructure development for the project. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cost Of Amusement Park Equipment From Mexico Might Surprise You - See Tips Amusement Park Equipment | search ads Click Here Undo State govt purchased 491 acres from Fertilizers and Chemicals Travancore Ltd (FACT) at Ambalamugal for the park. Kerala Infrastructure Investment Fund Board (KIIFB) allotted Rs 977 crore required for the purchase of land. Of the 491 acres, govt gave 170 acres for the proposed polyol project by BPCL Kochi Refinery. The petrochemical park project is coming up on the remaining land. Propylene derivatives are the major raw materials required for units to come up in the petrochemical park. Propylene derivatives are the byproducts at the propylene derivative petrochemical project (PDPP) of Kochi Refinery at Ambalamugal, which was dedicated to nation by Prime Minister Narendra Modi in Feb 2021. Units manufacturing adhesives, medicines, napkins, etc., will come up in the park. Industries which use propylene derivatives such as acrylates, oxo-alcohol and acrylic acid as raw materials will also be set up at the petrochemical park.
