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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 court's 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 JPL's 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.