Page 4 - Pfc News Today

​In Wednesdays trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.

Union Power Minister R K Singh emphasized that gratuitous load shedding will be penalized as it is considered an insult to the people of the country. During a two-day review meeting of top power and energy officials, Singh highlighted the need to eliminate load shedding and urged distribution companies (discoms) to enhance capacity, sign power purchase agreements (PPAs), and improve efficiency.

Last week, JPL sought the bankruptcy courts approval to participate in the sale process of Lanco Amarkantak. On Friday, the Amaravati bench of National Company Law Tribunal (NCLT) directed JPL to submit a plan by Tuesday (January 16) to lenders along with a ₹100-crore bank guarantee. The NCLT will hear Wednesday JPLs petition whether it can participate in the sale process.

Public sector stocks have emerged as notable outliers, garnering favor from investors in the last 1 year. The Nifty PSE index has soared 81 percent in this period as against a 21 percent rise in benchmark Nifty.

The brokerage also pointed out that in the market dynamics of the period, notable category shifts occurred, with 8 Midcaps transitioning to Largecaps and 12 Smallcaps advancing to the Midcap category.

The Reserve Bank of India approved Power Finance Corporation to establish a wholly-owned finance subsidiary at Gujarats GIFT Citys International Financial Services Centre. This move is anticipated to broaden PFCs global reach and business prospects, as per the companys announcement. PFC operates as an infrastructure finance entity under the Ministry of Power.

The RP invited lenders to vote on whether to consider Adanis unsolicited offer since he has already filed an application with the NCLT. In the last week of December, lenders unanimously voted to consider the offer. KPMG-backed RP Saurabh Kumar Tikmani has applied to the NCLT seeking direction on holding an auction with Adanis offer as an anchor bid. The tribunal is scheduled to hear the matter on January 16.

Open interest indicates that bulls are likely to dominate the following counters. In Thursdays trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup.

Data from the Ministry of Power showed that all current payments of gencos are up-to-date and the legacy dues of gencos have come down by 63 percent from Rs. 1.396 lakh crore to Rs. 51,268 crore in just over a year since the late payment surcharge rules were notified.

The S&P BSE 100 index will also see a dynamic shift as seven counters will change. As per IIFL, it is an active largecap benchmark. Tata Elxsi, Adani Power, Voltas, Bandhan Bank, Mphasis, Crompton Greaves Consumer Electricals and ACC are to be dropped from the index