In Q2FY21, the company won an irrigation order worth Rs 196 crore under waterworks in UP and a mining contract in Odisha for Rs 33 crore. At this point in time, the company is majorly focussing on waterworks and expects significant new orders coming over the next few months.

During the quarter Q2FY21, the company secured orders worth Rs 7,402 crore in a joint venture, out of which, HCC’s contract share stood at Rs 3,337 crore. At the end of Q2FY21, the registered order backlog stood at Rs 18,995 crore.

The company informed that Aurobindo Pharma USA, Inc., a wholly-owned subsidiary of the company & Natrol LLC, USA, a wholly-owned step-down subsidiary of the company had entered into a definitive agreement with an affiliate of New Mountain Capital LLC, NY and Jarrow Formulas Inc., to dispose of Natrol LLC, USA, including its business assets as a going concern with related assets, liabilities, products, brands & employees.

Indian markets witnessed a fabulous run in the month of November. Nifty had advanced 11.39 per cent, while the broader markets had outperformed Nifty by logging gains of 15.52 per cent (Nifty Mid-cap) and 12.96 per cent (Nifty Small-cap).

We expect Nifty to trade in the range of 12,700-13,145 in the coming week. Meanwhile, traders would be better off focussing on a stock-specific approach.

New Fund Offers (NFOs) that are open for subscription.

PGIM India Mid-Cap Opportunities Fund is a mid-cap offering from PGIM India Mutual Fund. Read on to check the performance review of this fund.

Ashok Leyland has teamed up with Hitachi ABB Power Grids listed as ABB Power Products & Systems India Ltd along with Indian Institute of Technology Madras (IITM) for an e-mobility pilot.

Considering the daily timeframe, the stock of Indiabulls Real Estate has given a pennant pattern breakout on the daily timeframe. The height of the pennant’s pole is almost 16 points. This breakout was confirmed by the robust volumes.

Interestingly, the RSI has also given a neckline breakout of inverted head & shoulders pattern, which is a very bullish sign. The stochastic is also suggesting a bullish momentum as the fast stochastic line is trading below its slow stochastic line.