It has been nearly two years since the launch of the first exchange-traded REITs in India. So, can we say that it is the best way to have exposure in real estate? Let’s find out.

Interestingly, the 14-period daily RSI has also given a downward sloping trendline breakout, which is a very bullish sign. The daily MACD stays bullish as it is trading above its zero line and signal line. The histogram is suggesting a pickup in the upside momentum.

IIFL Finance was picked by our Bollinger Band squeeze scanner, which suggests that the stock is near a consolidation breakout. Bollinger Band squeeze occurs when the volatility falls to low levels and the band narrows. A volatility contraction or narrowing of the bands can foreshadow a significant advance or decline.

Garden Reach Shipbuilders & Engineers Ltd announced that it has signed a contract on January 13, 2021 with Transport & Harbours Department, Ministry of Public Works (Government of Guyana). The signed contract is for designing, construction and supply of an ocean-going passenger and cargo vessel by Garden Reach Shipbuilders & Engineers Limited. The approximate cost of the contract is Rs 93 crore. 

Adani Group has informed the bourses that it has won another hybrid annuity road project from National Highways Authority of India (NHAI). Adani Enterprises Limited (AEL) had recently participated in a tender issued by NHAI under hybrid annuity model (HAM) and received a letter of award (LoA) from the highway's authority for a road project in the state of Kerala.

The construction arm of L&T has secured significant orders from many of its prestigious clients for various businesses.

On Thursday, Sensex closed up by 0.19 per cent or by 91.84 points at 49,584.16 levels while Nifty rose by 0.21 per cent or 30.75 points to settle at 14,595.60 levels.  

The share price of Steel Authority of India (SAIL) slumped more than 9 per cent on January 14, a day after the government decided to sell up to 10 per cent stake in the company. 

On Thursday, Vaishali Pharma announced that it has recorded yet another bulk order worth Rs 32 crore pertaining to the supply of the pharma & consumable products such as PPE kits, which forms a part of the COVID-19 medical kit.

Datamatics Global Services on Thursday announced that it has successfully implemented its digital workspace solution for UTI mutual fund, which involves digitising two of its critical processes to achieve a seamless flow of information, higher transparency, and agility across multiple offices.