In today s trade, the stock hit a new 52-week high of ₹219.70 apiece following India Ratings and Research (Ind-Ra) upgrading the company outlook to ‘positive’ from ‘stable’ while maintaining the long-term issuer rating at IND A plus.
From being totally under the control of the bulls, Dalal street has seen occasional sightings of bears in the last four weeks. While the reasons have been different at various points of time, the first indication that bears might be getting up from their sleep are surely on the wall. So it would be better to add “ caution” to your dictionary when looking at the stock market. The caution is also getting reflected in the overall count of stocks which have seen an improvement in their score. Also more importantly, it is time to take a step back, think and then make a decision both when buying and selling any stock. These selected stocks depict a strong upward trajectory in their overall average score. This implies that there has been a significant improvement in their market outlook in the given time frame.
The third order for Rs 2,324 crores received from North Bihar Power Distribution Co Ltd., is for the Advanced Metering Infrastructure Project. This order with a duration of 9 years and 3 months is required to be executed by NCC itself.