Pitti Engineering News Today

Financial stocks powered up Indian blue-chip indices on Thursday, taking them to all-time highs. Short-term moving averages are expected to support the indices on any decline. Nifty formed a long bull candle on the daily chart. The MACD showed bearish signs on the counters of Vadilal Industries, Bharat Rasayan, Godrej Properties, Maithan Alloys, Mrs Bectors Food Specialities, Astral, and Ajanta Pharma.

Pitti Engineering: Reports 60% rise in net profit, plans to raise ₹360 crore through debentures for growth.

As part of the overall consideration, PEL will infuse upto Rs 40 crore as funding into BCIPL, on closing date, to repay the existing debt in BCIPL.

Investors are anticipating the release of the key CPI data after market hours, as equity benchmark indices Sensex...

BCIPL is a manufacturer of electrical laminations and aluminum die cast rotors for AC/DC motors, Alternators, Pumps, Home Appliances, Electrical Vehicle etc

The shares of the companies they invested in rallied up to 1,766% in the year

2023 was the year when the equity market rewarded investors not only with a handsome return of 20% but also for the eighth successive time in a row.

Neeraj Chadawar says: Based on this manufacturing theme, we identified four stocks for 2024. These are Pitti Engineering, Archean Chemical, Sansera Engineering and Amber Enterprises. Our second theme is PSU banks. We believe that PSU banks are in a bright spot and they will continue their growth momentum in 2024 also and under the PSU banking theme, we like SBI

For the new calendar year 2024, the brokerage firm has picked 9 stocks within the broader themes of manufacturing, PSU banks, NBFCs, IT services, and consumption. The nine stocks recommended by Axis are Pitti Engineering, Sansera Engineering, Archean Chemicals, Amber Enterprises, JK Lakshmi Cement, SBI, Manappuram Finance, Cyient, and Westlife Foodworld.

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