Stock Market Today: With a quote barely 3 points higher than Nifty 50 futures at 24,135 levels, the GIFT Nifty futures also suggested a milder beginning. Even if the market looks to be in a solid bull run, oscillators on all major time frames are in overbought territory, making the next move in the coming week potentially difficult. Overbought conditions frequently point to possible innate signals, but in the short run, a cool-down is not completely ruled out. While shorting the market and placing contra-bets are not recommended, it is advisable to take some profits because a correction either in price or time is expected.
Stock Market Today: Stocks in focus
JSW Energy
An Indian power firm called JSW Energy Limited produces, transmits, and trades electricity. It belongs to the JSW Group. SJVN has given a letter of award for 300 MW of wind-solar hybrid power projects to JSW Neo Energy, a wholly owned subsidiary of JSW Energy. The goal of this project is to put up 1,500 MW of wind-solar hybrid power projects connected to the ISTS (Hybrid-2).
Godrej Properties
One of the top three developers in Delhi-NCR, Bangalore, Mumbai, and Pune is Godrej Properties Limited, a real estate firm with its headquarters located in Mumbai, India. An 11-acre plot of land in Pune has been purchased by Godrej Properties under leasing. This area might be developed for 2.2 million square feet, generating an estimated Rs 1,800 crore in revenue.
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