Mid-and small-cap stocks continue to reach unprecedented levels, with the Nifty Midcap 100 index and Nifty Small Cap 100 both hitting all-time highs. The strength in mid- and small-cap stocks is attributed to increased potential benefits from India s rising capital expenditure.
Looking at its calendar-year performances, the stock finished positively in 6 out of last 10 years. Notably, it generated multibagger returns in all these six years, with CY21 leading at a gain of 242%, followed by CY17, CY15, and CY23 with gains of over 166%, 158%, and 157%, respectively.
India s residential sector, which has a potential of at least 637 GW for rooftop solar energy, has installed only a fraction of this capacity, indicating a significant opportunity for growth. Large-scale implementation of rooftop solar systems can create jobs in installation and maintenance of these systems, necessitating skilled labour such as technicians and engineers, and also jobs in domestic solar manufacturing industry, which will create jobs in production, supply chain, and logistics
Suzlon Energy s stock price surpassed ₹50 during intraday trading, reaching ₹50.40 per share and marking a gain of ₹4.5%. This follows a 5% upper circuit in the previous session triggered by the announcement made by Union Finance Minister Nirmala Sitharaman.