Adani Transmission Ltd is engaged in the business of generation, transmission, and distribution of power throughout India. It develops, owns & operates transmission lines across the states of Gujarat, Rajasthan, Bihar, Jharkhand, Uttar Pradesh, Maharashtra, Haryana, Chhattisgarh, and Madhya Pradesh.   

Around noon today, the core equity indices, i.e. Sensex and Nifty 50 were trading on the lower side as the US markets ended lower by more than a per cent on Friday. 

Thyrocare Technologies Ltd, Oil India Ltd and Omaxe Ltd are today’s mid-day movers. 

Amid poor global cues, the Indian markets kicked off the week on a somewhat lower note. 

The shares of VA Tech Wabag soared 9 per cent on BSE after the company secured an order to design, build & operate (DBO) for 50 MLD (expandableto 100 MLD) Mamelles Sea Water Desalination Project from Société Nationale Des Eaux du Sénégal (SONES), the National Water Company of Senegal, worth about 146 million Euros. This project will help the company to enhance its global position in the desalination market.   

The reasons for the rally in the share prices of all three stocks are unclear as no major announcements have been made by the companies lately. 

Many traders use normal support levels defined by a demand zone to set up stop losses. However, in this method, many traders ignore the speed of volatility.

Mishtann Foods Ltd has altered its record date for bonus shares in its correspondence with the BSE, and the business board has now set the record date for bonus share issue on June 3, 2022, which is today. 

Highest put option open interest contract was added at a strike price of 15800 for expiry on June 9.

All the products that we are into had high realisations on account of robust demand and thus, we expect this demand scenario to continue; asserts Maulik Patel, Chairman and Managing Director, Meghmani Finechem Ltd