Although the management of Sterling & Wilson did not share any specific numbers with respect to Reliance, they are expecting the conclude the orders soon
Sterling & Wilson shares are currently trading above their 50-day and 200-day simple moving averages (SMAs). After Mondays rally, the stock now trades in a strongly overbought zone as suggested by Trendlyne. The days RSI and MFI are at 81.2 and 92.3, respectively.
The unit, along with the Nigerian Government have announced a collaboration to enhance the country's power landscape, Nigeria's power minister Adebayo Adelabu said.
Sterling & Wilson could see a V-shaped earnings turnaround from FY24 as old loss-making orders get grandfathered and new, large and profitable orders power operational leverage, said Nuvama