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Torrent Power's share price rose 6.66% after winning a 150MW wind-solar hybrid project valued at ₹1,825 crore. The company plans to surpass capacity to meet CUF conditions, leading to a surge in stock price and marking the second consecutive order win.
TCS numbers better than estimates, order book lower than expected. North American market and BFSI facing challenges. Commentary on client decision making, budgeting cycle, and pricing critical. Headcount reduced, campus hiring still a focus. AI and AI.cloud-led demand driving sector growth. Resilient stock pick in midcap IT space: ER&D and platform product companies with growth in AI and mobility platforms.
Waaree Renewable Technologies' stock has been on a bullish trend, gaining 50% in the last six trading sessions. In CY23, the company's shares saw a meteoric rise of over 296%, and in CY22, it generated a return of 63.62%.
The project duration is four years, with possible extension of another two years. The total cost of the order is Rs 110.61 crore.
The company's shares this year so far have risen nearly 115%. Following three consecutive months of lacklustre performance from December to February, the stock made a strong comeback. Over the next nine months, it recorded gains in eight of them.