Investors are betting on improvement in the financials of the company even as the stock at the current market price is expensively priced at over 297 PE multiple. 

Securities & Exchange Board of India (SEBI) is the watchdog of the securities market, which takes various measures to protect the interest of investors in the security market. 

When we meet investors in India, one of the most widely discussed topics is as to ‘which state has the maximum investing population?’ 

Interestingly, the step has been taken for a total list of 538 stocks, of which, the circuit limit of 158 stocks have been revised to 20 per cent including Bajaj Electricals, HFCL, Jindal Poly Films, Morepen Laboratories, Adani Power, Coromandel Engineering, Fineotex Chemicals, and Angel Broking.   

NHPC announced that it is incorporating a joint venture (JV) company with Jammu & Kashmir State Power Development Corporation Limited (JKSPDCL). The name of the joint venture company is Ratle Hydroelectric Power Corporation Limited.  

While BSE Energy index rose by 2.29 per cent since the onset of June 2021, the shares of a Gujarat-based natural gas transmission company skyrocketed by around 11 per cent for the same period of time.  

The pump market in India by revenue is expected to grow at a CAGR of over 7 per cent during the period 2021–2026 and the demand may be due to the increasing application of pumps in several end-user sectors, says Dinesh Patidar, Chairman and Managing Director, Shakti Pumps India Ltd.  

On Friday, Mahindra & Mahindra announced that its subsidiary, Mahindra Telephonics Integrated Systems (a JV between Mahindra Defence Systems Limited & US-based Telephonics Corporation) signed a contract with the Indian Ministry of Defence for the procurement of 11 airport surveillance radars (ARS).  

The global pharma major, Lupin Limited announced today that it has launched the authorised generic version of Brovana inhalation solution (Arformoterol Tartrate) of Sunovion Pharmaceuticals in the strengths of 15 mcg/2ml unit dose vials.   

The key market and economic news that impacted financial markets during the week.