Latest news with #IIFL
Time of India
6 days ago
- Business
- Time of India
c HPCL, Canara Bank among top 4 trading ideas for 29 May 2025
The Indian market is likely to trade in the green on Thursday, tracking positive global cues. The Nifty future closed negatively with losses of 0.46% at 24,747 levels on Wednesday. India VIX fell 2.7% to close at 18.02 in the previous trading session. On the options front, the maximum Call OI is placed at 24,800 and then towards 25,000 strikes while the maximum Put OI is placed at 24,500 and then towards 24,700 strikes. Call writing is seen at 24,800 and then towards 25,300 strikes, while Put writing is seen at 24,750 and then towards 24,700 strikes. 'Options data suggests a broader trading range in between 24,300 to 25,300 zones while an immediate range between 24,500 to 25,000 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited , said. 'Nifty formed a small bodied bearish candle and an inside bar on the daily frame on Wednesday,' he added. 'Now the index has to hold above 24,700 zones for an up move towards 24,900 then 25,100 zones else weakness could be seen towards 24,600 then 24,450 zones,' recommended Taparia. We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Jaynit Vora, CMT - Research Analyst, IIFL told ETBureau Deepak Fertilizers Ltd: Buy| Target Rs 1520| Stop Loss Rs 1390 HPCL : Buy| Target Rs 438| Stop Loss Rs 404 Canara Bank : Buy| Target Rs 117| Stop Loss Rs 107 F&O Strategy – Siemens: Buy| Target Rs 3495| Stop Loss Rs 3225 Expert: Kunal Bothra, Market Expert told ETNow MFSL: Buy| Target Rs 1550| Stop Loss Rs 1475 Container Corp: Buy| Target Rs 800| Stop Loss Rs 755 Union Bank of India : Buy| Target Rs 150| Stop Loss Rs 139 ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
India Gazette
6 days ago
- Business
- India Gazette
Spot power prices dropped to zero in India on May 25, reflecting risk of 'Solar Maximum': Report
New Delhi [India], May 28 (ANI): In an unprecedented development, India's spot power prices fell to zero on May 25 because of the subdued weekend demand, says a report by IIFL Capital. The situation came due to the twin impact of early monsoon rains and a huge 25-gigawatt solar capacity addition over the past year. According to the IIFL Capital report, the situation was further compounded by limited thermal power backup, which created a rare surplus that sent prices on the power exchange tumbling to the bottom. The situation arises because India has not created a sufficient pumped or battery power storage system to store the surplus power generation. The IIFL report analysed the impact of the incident on various parts of the energy ecosystem. In India, we need both Pumped Storage Projects and Battery Energy Storage Systems that will benefit from surplus renewable energy (RE) supply available at very low prices. The situation is positive for the Commercial and Industrial (C&I) storage players, especially those with access to captive demand (TPWR, JSWEL, etc.), allowing RE capacity addition irrespective of grid-level supply constraints. The current situation is also beneficial for the exchanges as higher liquidity and lower prices equate with higher exchange volumes. The government is also actively promoting energy storage solutions, including both Pumped Storage Projects (PSPs) and Battery Energy Storage Systems (BESS), to improve grid stability and harness renewable energy sources. Specifically, the Ministry of Power and the Central Electricity Authority (CEA) are involved in approving Detailed Project Reports (DPRs) for PSPs and formulating schemes for BESS, like the Viability Gap Funding scheme. The report says green hydrogen and centres will sustain future growth. 'In addition to increased dependence on pumped storage and battery projects, we expect accelerated forays into adjacencies like green hydrogen, centres, and electricity-intensive manufacturing processes to sustain growth and enhance value capture.' It adds that the increasing requirement for adding larger storage capacities to RE projects will firm up supply and forward integration into adjacencies for enhanced value capture. It will also materially drive up capex per MW. Recent government data suggests India added a total power-generating capacity of 13,495 megawatts (MW) in the first quarter (1Q) of 2025, in which renewables accounted for 78.9 per cent of all new capacity additions. Solar power was the main contributor to this growth, accounting for 57.7 per cent of the total capacity addition. (ANI)
Mint
27-05-2025
- Business
- Mint
BEL, HAL to Mazagon Dock: Defence stocks rise after Rajnath Singh's nod for 5th generation fighter planes
Defence stocks in focus: Defence stocks, which are already flying high so far this month, witnessed a further leg up on Tuesday, May 27, rising as much as 10% after the government approved the Advanced Medium Combat Aircraft (AMCA) Programme Execution Model. The rise in defence stocks also added to the gains in the Nifty India Defence index, driving it higher for the fifth straight session. The 18 stocks pack added over 1% to hit a fresh record high of 8,728.20 in intraday trade today. So far this month, the index has gained 21%, adding to 11.5% rally seen in April and a 25% jump recorded in March. Garden Reach Ship Builders shares were among the top gainers, rising nearly 5%. Bharat Dynamics, Mazagon Dock, Hindustan Aeronautics and Bharat Electronics (BEL) gained between 0.5% to 3% in intraday deals. Defence Minister Rajnath Singh on Tuesday approved a framework for building the country's most advanced stealth fighter jet. This development holds significance against the backdrop of growing military conflict with Pakistan. According to Ministry of Defence's statement, the recent approval will provide a significant push towards enhancing India's indigenous defence capabilities and fostering a robust domestic aerospace industrial ecosystem. India will partner with a domestic firm for the stealth fighter programme, and companies can bid independently or as a joint venture, the defence ministry said in a statement, adding that the bids would be open for both private and state-owned firms. The project is crucial for the Indian Air Force, whose squadrons of mainly Russian and ex-Soviet aircraft have fallen to 31 from an approved strength of 42 at a time when rival China is expanding its air force rapidly, said a Reuters report. Pakistan has one of China's most advanced warplanes, the J-10, in its arsenal. Investor sentiment toward defence stocks has remains strong, buoyed by expectations of increased government spending in the sector amid rising tensions with Pakistan. Additionally, March quarter earnings from defence companies have largely met analysts' forecasts, lending further support to the ongoing rally on Dalal Street. The renewed interest in defence counters—after a period of relative quiet—was sparked by India's recent airstrikes on terror camps in Pakistan and Pakistan-occupied Kashmir (PoK) on May 7. The operation, dubbed 'Operation Sindoor,' showcased the capabilities of India's indigenously developed defence systems, which not only took out key airbases across the border but also intercepted enemy drones and missiles with precision. According to analysts at IIFL, as quoted by Bloomberg, the sector could outperform others, with strong order visibility and positive sentiment helping sustain premium valuations. Besides increased spending on defense locally, global budgets too are growing, creating export markets for Indian companies, they say. Bharat Electronics is IIFL's top pick by virtue of having the best execution track record among state-owned companies, the Bloomberg report added. (With inputs from agencies) Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
25-05-2025
- Business
- Time of India
IIFL Finance gets RBI approval to open branches in Jammu & Kashmir
IIFL Finance has secured regulatory approvals to open branches and extend credit services in Jammu & Kashmir, aiming to provide crucial financial access to underserved communities. This initiative supports the revival of small businesses and households, complementing IIFL's existing CSR activities in the region focused on education, healthcare, and community empowerment. Tired of too many ads? Remove Ads NBFC firm IIFL Finance has said it has received the necessary regulatory approvals for opening branches and expanding its credit services to the Union Territory of Jammu & Kashmir . This approval is a timely step towards delivering essential financial services in unbanked and underbanked areas, where access to formal credit has historically been limited, IIFL Finance said in a on the development, IIFL Finance founder and MD Nirmal Jain said, "The management decision to commence operations in Jammu & Kashmir reflects our long-standing commitment to bringing financial access to unserved and underserved communities. The approval to open branches comes at a critical time when people in the region have been facing disruptions in their livelihoods."By offering credit solutions tailored to local needs, he said, IIFL Finance aims to support the revival of small businesses and support households in the presence in Jammu & Kashmir complements its Corporate Social Responsibility activities in the state, including ongoing programs in Kupwara, Baramulla, Srinagar, and other areas that focus on education, skill development, healthcare and community empowerment. IIFL Foundation has been present in Kashmir for over a decade. It initially supported with incubator machines at the LD Hospital during the Kashmir floods, it added.
Economic Times
22-05-2025
- Business
- Economic Times
Stocks to buy today: Tata Steel, KIMS among top 4 trading ideas for 22 May 2025
Live Events We have collated a list of stocks from the F&O basket along with cash market from various experts for traders who have a short-term trading horizon: Expert: Jaynit Vora, CMT - Research Analyst, IIFL told ETBureau F&O Strategy – (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Indian market is likely to trade lower on Thursday, tracking muted global Nifty future closed positively with gains of 0.17% at 24,817 levels on Wednesday. India VIX rose nearly 1% to close at 17.55 in the previous trading the options front, the maximum Call OI is placed at 26,000 and then towards 25,000 strikes, while the maximum Put OI is placed at 24,000 and then towards 24,800 writing is seen at 24,800 and then towards 24,850 strikes, while Put writing is seen at 24,800 and then towards 24,400 strikes.'Options data suggests a broader trading range in between 24,200 to 25,200 zones while an immediate range between 24,600 to 25,000 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, facing consistent selling pressure at higher levels, notable support-based buying was seen around the 24700 zone, which helped cap the downside.'On the daily chart, Nifty formed a small-bodied bullish candle on Wednesday with wicks on both ends, indicating buying interest at lower levels,' he added.'Now Nifty has to hold above 24,700 zones for an up move towards 25,000 then 25,100 zones while supports have placed at 24,700 then 24,550 zones,' recommended Target Rs 170| Stop Loss Rs 156Buy| Target Rs 704| Stop Loss Rs 635Buy| Target Rs 1720| Stop Loss Rs 1598Buy| Target Rs 2180| Stop Loss Rs 2030: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
