Latest news with #RaviSingh
India Today
2 days ago
- Business
- India Today
Reliance Power shares surge 8% today, 23% in last week. Should you buy?
Shares of Reliance Power rose nearly 8% on Monday to hit a new one-year high of Rs 62.80. This is the third day in a row that the stock has gone up. Over the past five trading sessions, the stock has gained 23%, showing strong buying share price has seen a steady climb over different time periods. In the last month, it has been up by 54.90%.Over the last six months, it has gone up by 59.92%. The stock has more than doubled in a year with a 141.40% rise. Over the last five years, the rise has been massive; 2,602.61%.WHY IS THE STOCK RISING?The recent gains in Reliance Power's share price come after some major business developments. One of the key triggers was a letter of award (LOA) received by its subsidiary, Reliance NU Energies, from SJVN Ltd, a public sector company. The LOA is for setting up a 350 MW solar power project with a 175 MW/700 MWh battery energy storage system. This project will be connected to the inter-state transmission system (ISTS).Earlier, Reliance Power also entered into a joint venture with Druk Holding and Investments (DHI) of Bhutan. Together, they will build India's largest solar power project worth Rs 2,000 crore. The 500 MW project will be developed through a 50:50 partnership using the Build-Own-Operate (BOO) model. These moves are seen as a shift towards clean energy and have boosted investor EXPERTS WEIGH INSeveral analysts are positive on the stock's trend. Ravi Singh, Senior Vice President of Retail Research at Religare Broking, said the next price target is Rs 65, with a stop loss at Rs Krishan, Senior Analyst at Angel One, noted that Reliance Power has been on a rising trend for the fourth week in a row. He said the momentum may continue and advised using trailing stop losses to protect profits. He believes the Rs 54–52 range could act as a support S Patel, Technical Research Analyst at Anand Rathi, said the stock has support at Rs 60 and faces resistance at Rs 65. If it moves above Rs 65, it could rise to Rs 68. For now, he sees it trading in the Rs 58–68 INDICATORS AND FUNDAMENTALSThe stock is trading above all key moving averages — including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day simple moving averages (SMA). This is usually seen as a positive 14-day Relative Strength Index (RSI) stands at 80.47. An RSI above 70 is considered overbought, which means the stock could see some correction or profit-booking in the short at the financial ratios, the stock has a high price-to-earnings (P/E) ratio of 386.88 and a price-to-book (P/B) ratio of 2.71. The earnings per share (EPS) is at Rs 0.16 and return on equity (RoE) is 0.71. These figures suggest that while the stock is in demand, the valuation remains quite high compared to to data from Trendlyne, the stock has a one-year beta of 1.3. A beta above 1 means the stock is more volatile than the of May 7, 2025, promoters held a 24.98% stake in Reliance Power, which is led by Anil The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Perth Now
27-05-2025
- Business
- Perth Now
High-end Perth steakhouse to take diners to another world
City steakhouse Meat & Wine Co. is temporarily closing for renovation. Part of the Seagrass Boutique Hospitality Group founded by South African-born meat lover Bradley Michel, the CBD diner which opened in the former Palace Hotel in 2018 will unveil a 'sophisticated redesign celebrating its African-inspired heritage' on June 2. 'In pursuit of an elevated and immersive dining experience for its discerning clientele, including Perth's esteemed steak aficionados, corporate professionals and Perth residents, The Palace's 'ballroom' (is) temporarily closed until June 2nd for an exciting and unique transformation,' the restaurant group said in a press release. The revitalised interior comes courtesy of the COOOP, an international architectural and design company. 'Patrons will dine under Acacia trees', a reference to the African landscape which takes centre stage in the new-look dining room. Other new furnishings include high-back banquette seating, as well as state-of-the-art sound and lighting systems. Meat & Wine Co. in the city back in 2018. Credit: Daniel Wilkins / The Sunday Times COOOP Australia principal and creative director Callie Van Der Merwe said the refurbishment aimed to connect the baroque style of the old ballroom with the contemporary elements of Meat & Wine Co. dining rooms. The ground floor restaurant at 108 St Georges Terrace will also relaunch with a winter menu starring dry-aged steak with confit garlic and bone marrow. The city steakhouse's refresh follows news of Seagrass' expansion in the WA hospitality market. The company has already acquired the South Perth site previously home to iconic local restaurant Coco's for its second Meat & Wine Co. outlet in WA, due to open in late 2025. There are also plans for a Meat & Wine Co. in Margaret River, as well as three new Hunter & Barrel outlets in the next few years. Perth meat lovers can expect more Meat & Wine Co. restaurants to open in the next few years. Credit: Supplied In 2024, the hospitality business split into SeagrassBHG and Blue Coral Concepts, which oversees more casual dining options Italian Street Kitchen, Ribs & Burgers and the Five Guys burger chain. The West Australian understands that Ribs & Burgers is also poised to refresh and relaunch its Perth restaurant. Seagrass also owns the high-end 6Head steakhouse at Elizabeth Quay. Seagrass chief executive Ravi Singh said in 2024 that the hospitality group was 'bullish about WA', saying there was room in Perth for 6Head, Meat & Wine Co. and Hunter & Barrel. 'All three brands have got a space in the market,' he said. 'Perth is a living example where we've got the three brands within 250m of each other and all three are roaring successes.' Seagrass Boutique Hospitality Group chief executive Ravi Singh. Credit: Supplied / TheWest According to figures provided by Seagrass, Hunter & Barrel's Perth restaurant enjoyed an impressive 21.1 per cent increase in revenue in July to November 2024 compared to the same period in 2023. The total number of patrons dining at the Raine Square diner rose by more than 9 per cent. Meanwhile, Meat & Wine Co. in Perth earned 4.5 per cent more income in the same timeframes with a 2 per cent lift in clientele.
West Australian
27-05-2025
- Business
- West Australian
City steakhouse Meat & Wine Co. closes for African-inspired refresh as Seagrass fires up WA expansion
City steakhouse Meat & Wine Co. is temporarily closing for renovation. Part of the Seagrass Boutique Hospitality Group founded by South African-born meat lover Bradley Michel, the CBD diner which opened in the former Palace Hotel in 2018 will unveil a 'sophisticated redesign celebrating its African-inspired heritage' on June 2. 'In pursuit of an elevated and immersive dining experience for its discerning clientele, including Perth's esteemed steak aficionados, corporate professionals and Perth residents, The Palace's 'ballroom' (is) temporarily closed until June 2nd for an exciting and unique transformation,' the restaurant group said in a press release. The revitalised interior comes courtesy of the COOOP, an international architectural and design company. 'Patrons will dine under Acacia trees', a reference to the African landscape which takes centre stage in the new-look dining room. Other new furnishings include high-back banquette seating, as well as state-of-the-art sound and lighting systems. Meat & Wine Co. in the city back in 2018. Credit: Daniel Wilkins / The Sunday Times COOOP Australia principal and creative director Callie Van Der Merwe said the refurbishment aimed to connect the baroque style of the old ballroom with the contemporary elements of Meat & Wine Co. dining rooms. The ground floor restaurant at 108 St Georges Terrace will also relaunch with a winter menu starring dry-aged steak with confit garlic and bone marrow. The city steakhouse's refresh follows news of Seagrass' expansion in the WA hospitality market. The company has already acquired the South Perth site previously home to iconic local restaurant Coco's for its second Meat & Wine Co. outlet in WA, due to open in late 2025. There are also plans for a Meat & Wine Co. in Margaret River, as well as three new Hunter & Barrel outlets in the next few years. Perth meat lovers can expect more Meat & Wine Co. restaurants to open in the next few years. Credit: Supplied In 2024, the hospitality business split into SeagrassBHG and Blue Coral Concepts, which oversees more casual dining options Italian Street Kitchen, Ribs & Burgers and the Five Guys burger chain. The West Australian understands that Ribs & Burgers is also poised to refresh and relaunch its Perth restaurant. Seagrass also owns the high-end 6Head steakhouse at Elizabeth Quay. Seagrass chief executive Ravi Singh said in 2024 that the hospitality group was 'bullish about WA', saying there was room in Perth for 6Head, Meat & Wine Co. and Hunter & Barrel. 'All three brands have got a space in the market,' he said. 'Perth is a living example where we've got the three brands within 250m of each other and all three are roaring successes.' Seagrass Boutique Hospitality Group chief executive Ravi Singh. Credit: Supplied / TheWest According to figures provided by Seagrass, Hunter & Barrel's Perth restaurant enjoyed an impressive 21.1 per cent increase in revenue in July to November 2024 compared to the same period in 2023. The total number of patrons dining at the Raine Square diner rose by more than 9 per cent. Meanwhile, Meat & Wine Co. in Perth earned 4.5 per cent more income in the same timeframes with a 2 per cent lift in clientele.
&w=3840&q=100)
Business Standard
22-05-2025
- Business
- Business Standard
Why Sensex fell 1000pts, Nifty below 24,550 on May 22? Check reasons here
Why are Sensex, Nifty falling today? Indian benchmark indices – Sensex and Nifty – declined in trade on Thursday, May 22, 2025, primarily due to the global market weakness and renewed concerns over US fiscal health. The BSE Sensex fell as much as 1.23 per cent or 1,004.95 points to 80,727.11. Similarly, the NSE Nifty50 dropped 1.22 per cent or 304.35 points to 24,509.10. Broader markets, too, slipped. As of 11:30 AM, the Nifty SmallCap 100 index was down 0.40 per cent, while the Nifty MidCap 100 index slipped 0.68 per cent. Kranthi Bathini, equity strategist at WealthMills Securities, explained that the market downturn is primarily driven by weakness in global markets. Added to this are concerns over US debt, which could have a ripple effect on other economies, and a natural correction after last month's rally—together forming the key triggers behind the current decline. Echoing a similar view, Ravi Singh, SVP of retail research at Religare Broking said Indian benchmark indices started the day on a negative note, as global investor confidence weakened due US fiscal uncertainties and rising Treasury yields. Additionally, the earnings of Indian companies present a mixed outlook for fiscal year 2026. Given this, here are the top reasons behind the stock market's fall: Weak global cues Asia-Pacific markets fell Thursday, tracking overnight declines on Wall Street as investors grew cautious over mounting US fiscal concerns. At last check, Japan's Nikkei was down over 0.7 per cent, while the Topix slipped 0.5 per cent. South Korea's Kospi dropped 1.1 per cent, and Australia's ASX 200 was down 0.4 per cent. On Wall Street, all three major indexes closed lower. Investors reacted negatively to a surge in Treasury yields, triggered by concerns that a new US budget bill would further stress the country's already major deficit. The Dow Jones Industrial Average lost 1.91 per cent to 41,860.44. The S&P 500 shed 1.61 per cent to 5,844.61. The Nasdaq Composite slid 1.41 per cent to 18,872.64. The 30-year Treasury bond yield last traded near 5.09 per cent, hitting its highest level since October 2023. Meanwhile, the 10-year benchmark yield stood at 4.59 per cent. US debt woes Gita Gopinath, first deputy managing director of the International Monetary Fund (IMF), has warned that the United States is running excessively large fiscal deficits and must urgently address its 'ever-increasing' debt burden. Her remarks were published in an interview with The Financial Times on Wednesday. Gopinath's comments came shortly after Moody's downgraded the US sovereign credit rating, citing the federal government's inability to manage its growing $36 trillion debt and persistently high deficits. READ MORE Most sectors fall Barring Nifty Media, all other sectoral indices were in the red zone (trading negatively). Nifty Auto was the top laggard, down 1.4 per cent, followed by Nifty FMCG and IT, which declined 1.27 per cent and 1.11 per cent, respectively. Other sectors including Pharma, PSU Banks, Private Banks, Consumer Durables, and Oil & Gas also posted losses in the range of 0.5 to 1 per cent. Technicals According to Singh, both the Nifty and Sensex witnessed selling pressure and are down nearly 1 per cent. Notably, the Nifty has begun trading below its strong support level of 24,800, which is now likely to act as a key resistance in the near-term. Jigar S Patel, senior manager of equity research at Anand Rathi explained that Nifty recently broke below the key support level of 24,800, following a double top formation on the hourly chart, accompanied by bearish divergence. This breakdown triggered a sharp pullback of nearly 200 points. 'Looking ahead, the 24,800–25,000 zone will act as a critical resistance, while support is now seen in the 24,600–24,500 range. A sustained move above or below these levels will determine the next directional bias.' Patel added.
Time of India
21-05-2025
- General
- Time of India
Wildlife census in Varanasi division from May 26
1 2 Varanasi: As per guidelines of the govt of India, a wildlife census will be conducted in Varanasi division from May 26 to June 14. The census will cover all forest areas within and outside national parks and wildlife sanctuaries, as well as areas outside the forests. The census will include herbivorous wildlife such as barasingha, blackbuck, chinkara, and rhinoceros, along with bears. The Zoological Survey of India, the Botanical Survey of India, NGOs related to wildlife, unpaid wildlife wardens, colleges, and universities will be involved in the census. For the wildlife census, duty lists and responsibilities for officials and employees were received from the state headquarters. The Chief Wildlife Warden, Uttar Pradesh, Lucknow, will be the chief organiser of the census, while the Forest Conservator of the Varanasi Division the main organiser and will be responsible for ensuring smooth conduct of the census. Organisers will also be responsible for providing appropriate training to other officials/employees involved in the census in their respective areas and arranging materials. They will conduct the census in their areas as per the instructions of the chief organiser and send the compiled information of their subordinate forest divisions to the chief organiser within the stipulated time. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Didn't Anyone Tell You About This Power Saver? elecTrick - Save upto 80% on Power Bill Pre-Order Undo All concerned Divisional Forest Officers of Varanasi, Ghazipur, and Chandauli will be organisers in their respective divisions and will provide appropriate training to their subordinates. They will divide their divisions into census units, prepare duty lists, and distribute materials and other necessary forms for the census. They will ensure the census forms are filled out at the range level as per instructions and send the compiled census report, duly signed by the Sub-Divisional Forest Officer and themselves, to the Forest Conservator. Ravi Singh, Conservator of Forest of Varanasi Division, said that the main objective of the census is to make it transparent so that the wildlife data obtained is as close to reality as possible. The division or area where the wildlife census is being conducted should be divided into small census units in such a way that each census unit can be completed by the enumerator from 5am to evening in one day. Each census party should have two enumerators, and information should be filled out in the 'Wildlife Census Form 2025' for different species. The first wildlife census will be conducted on May 26, the second on June 2, and third on June 9.
