Happy Forging News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Happy Forgings is an Indian business that specializes in creating and delivering complex heavy forge and highly accurate machined components.

Feb24 dispatches exceeded expectations for all segments, except tractors. PV wholesales grew 17% YoY, led by healthy demand in UVs. 2W domestic wholesales increased 21% YoY. CV volumes remained flat YoY. Tractor demand remains challenging. The PV and 2W segments are expected to perform well.

54 companies will have their shareholder lock-ins worth $13.52 billion lifted, leading to a series of block deals.

Devang Mehta says: “I have never seen this type of manufacturing revolution. My sense is, for a lot of these ancillary power companies, earnings are still to come. A lot of these companies have rerated on the price to earnings (PE) basis. Otherwise, you will find a lot of companies at 40, 50, 60, 80 PE.”

Going 'long' is becoming an overcrowded trade on Dalal Street, and any negative trigger could lead to a sharp correction, warn experts. However, given the strong momentum, particularly in IT stocks, the downside could be protected in the immediate term. 'With the Nifty50 surging to new life-time highs, the bulls remain in control. Further upsides are likely once the immediate resistance of 21,492 is taken out.