Latest news with #PowerGridCorporation
Time of India
5 days ago
- Health
- Time of India
Vizianagaram attracts Rs 20 crore in CSR funding for various works
Visakhapatnam: Vizianagaram district administration has attracted about Rs 20 crore in CSR (corporate social responsibility) funding from various private and govt organisations in the past few days due to its proactive measures. Tired of too many ads? go ad free now Collector Dr BR Ambedkar said that the Axis Bank will provide Rs 15 crore for the development of 40 water tanks in the district. The selected 40 tanks in the Nellimarla, Garividi, Gurla, and Merakamudidam mandals within the Champavathi river basin will be dredged, their embankments strengthened, plantations carried out, and check dams constructed. Similarly, the nuclear power corporation of India has sanctioned Rs 1 crore for medical equipment at the medical college. The company has also approved Rs 54.5 lakh for additional classrooms in govt schools in Nadipalli and Chintapalli villages of Pusapatirega mandal. Bharat Dynamics Limited has sanctioned Rs 1 crore for classroom projects in 37 govt schools, Rs 14.5 lakh for basic amenities in social welfare hostels, and Rs 7.16 lakh for medical equipment at Gajapathinagaram area hospital. Power Grid Corporation has donated a generator to the blood bank run by the Indian Red Cross Society. The district collector stated that these funds will contribute significantly to the development of education, healthcare, and social welfare sectors in the district.
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Business Standard
14-05-2025
- Business
- Business Standard
REC, NTPC, Powergrid: Are power stocks losing steam? Here's what charts say
Shares of state-run power companies namely - NTPC, Power Grid Corporation and Rural Electrification Corporation (REC) - are seen trading below the key short-term moving averages, with weak signals from key momentum oscillators. As such, these stocks could witness selling pressure in the near-term, suggests technical charts. Here's a detailed analysis on each of these power stocks, with key support and resistance levels to track. REC Current Price: ₹390 Downside Risk: 23.1% Support: ₹390; ₹349 Resistance: ₹417; ₹439 REC stock has witnessed negative crossovers on the key momentum oscillators - both on the daily and weekly charts. The stock at present is seen seeking support around the lower-end of the Bollinger Bands on the daily scale at ₹390 levels. On the weekly scale, the stock is seen testing the 100-Week Moving Average (100-WMA), which stands at ₹397. Break and sustained trade below the same can drag the stock towards ₹349 levels; below which a steeper fall towards ₹300-mark cannot be ruled out. The short-term bias for the stock is expected to remain negative as long as the stock trades below ₹439, with near resistance seen around ₹417 levels. CLICK HERE FOR THE CHART NTPC Current Price: ₹341 Downside Risk: 16.7% Support: ₹334; ₹325 Resistance: ₹353; ₹362; ₹368 NTPC stock is seen trading below its 20- and 50-DMAs, which stand at ₹352.70 and ₹345.60 levels, respectively. The overall bias for the stock is expected to remain negative as long as the stock trades below ₹362 - ₹368 resistance zone. On the downside, the stock has near support at ₹334 and ₹325 levels; below which a dip towards ₹298 levels seems likely, suggests the weekly chart. CLICK HERE FOR THE CHART Powergrid Corporation Current Price: ₹296 Downside Risk: 11.2% Support: ₹290; ₹287; ₹284; ₹270 Resistance: ₹308 Power Grid Corporation stock is seen trading below its 200-Day Moving Average for the third straight trading session. The stock now seems on course to test the short-term trend line support, which also coincides with the 50- and the 100-DMA around ₹290 levels. In case, the stock breaks and trades consistently below ₹290, it could extend the fall towards ₹263 levels. Interim support can be anticipated around ₹287, ₹284 and ₹270 levels. The near-term bias is expected to remain tepid as long as the stock trades below the 200-DMA, which stands at ₹308. CLICK HERE FOR THE CHART
