Stay updated with breaking news from Mech Projects. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Power Mech Projects stock rose 3.64% to Rs 5,398 against the previous close of Rs 5208.05 on BSE. Market cap of Power Mech Projects climbed to Rs 8357 crore.
On Tuesday, 1536 stocks advanced, 2301 declined and 92 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.67, indicating negative closing of stocks in broader markets.
The recent budget unfolds promising fiscal metrics, signaling a shift towards fiscal prudence. With a noteworthy reduction in the fiscal deficit to 5.8% of GDP for the current year and a targeted 5.1% for the next, the government displays a commitment to financial responsibility. This approach extends to the reduction in net borrowings, promising improved funds availability for the private sector.
Traders are advised to accumulate longs in Nifty with stop-loss of 21,500 on the closing basis.
On Monday, 2252 stocks advanced, 1671 declined and 141 remained unchanged, with an advance decline ratio of 1.34 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.