Latest news with #GodawariPower
Mint
6 days ago
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 12 August 2025
Breakout stocks buy or sell: The Indian stock market recorded strong gains on Monday, August 11, driven by broad-based buying despite mixed signals from global markets. The Sensex closed at 80,604.08, gaining 746 points, or 0.93 per cent, while the Nifty 50 advanced 222 points, or 0.91 per cent, to finish at 24,585.05. Among broader indices, the BSE Midcap rose 0.79 per cent, and the Smallcap index ended 0.35 per cent higher. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has turned positive after the decent oil back in the Nifty 50 index from 24,350 levels. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index has ended close to 24,600 and the 50-stock index is facing hurdle at 24,650 range. For more improvement in Dalal Street mood, the Nifty index needs to break above 24,650 on a closing basis. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Godawari Power and Ispat Limited, Kalpataru Projects International Ltd, Nava, V Guard Industries, and Sapphire Foods India. 1] Godawari Power and Ispat Limited: Buy at ₹ 196.57, target ₹ 210, stop loss ₹ 189; 2] Kalpataru Projects International Ltd: Buy at ₹ 1237.8, target ₹ 1325, stop loss ₹ 1194; 3] Nava: Buy at ₹ 625.85, target ₹ 675, stop loss ₹ 600; 4] V Guard Industries: Buy at ₹ 362.85, target ₹ 388, stop loss ₹ 350; 5] Sapphire Foods India: Buy at ₹ 323.6, target ₹ 350, stop loss ₹ 312. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
17-07-2025
- Business
- Business Standard
Godawari Power jumps 6% after securing approval for Raipur steel plant
Godawari Power and Ispat shares advanced 6 per cent on Thursday, logging an intraday high at ₹197.65 per share on BSE. At 12:31 PM, Godawari Power share price was trading 3.86 per cent higher at ₹193.5 per share on the BSE. In comparison, the BSE Sensex was down 0.16 per cent at 82,505.28. The company's market capitalisation stood at ₹12,950.16 crore. The 52-week high of the stock was at ₹253.6 per share, and the 52-week low of the stock was at ₹145.55 per share. What led to the surge in Godawari Power shares? The stock jumped after the Ministry of Environment & Forests & Climate Change, Government of India, gave clearance to the company for setting up its steel plant in Raipur, Chhattisgarh. The capacity of the plant is two million tons (2 x 1 million tons each) per annum. "We wish to inform you that the Ministry of Environment & Forests & Climate Change, Government of India, Impact Assessment Division Industrial Projects has accorded environment clearance vide minutes of 7th meeting of EAC meeting held on 09.07.2025 (minutes of the meeting uploaded on Ministry's Website on 16.07.2025) for setting up of Integrated Steel plant having capacity of 2 million tons (2xl million ton each) per annum," the filing read. About Godawari Power & Ispat Godawari Power & Ispat (GPIL), formerly known as Ispat Godawari Ltd. (IGL), was established in 1999 to develop an integrated steel plant with captive power generation facilities. As a leading player in the steel industry, GPIL specialises in the production of mild steel wires and has a strong presence in the long product segment. The company's operations encompass the entire manufacturing value chain, from raw materials to finished steel products. Godawari Power produces sponge iron, billets, Ferro alloys, wire rods (through its subsidiary), steel wires, oxygen gas, fly ash bricks, and pellets. Additionally, the company has secured rights for iron ore and coal mining for captive use, further solidifying its position as a fully integrated steel manufacturer.
