Bajaj Steel Industries has started operations at its new plant in Nagpur. The facility has an annual production capacity of 25,000 MT and focuses on manufacturing pre-engineered and pre-fabricated steel buildings. The plant became operational on November 27, 2024. The company’s total order position currently stands at Rs 5,270 crore, reflecting strong demand across its business segments.
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The shares of Persistent Systems hit a 52-week high on November 27 but later moved into the red territory to be among the top losers on the sectoral Nifty IT index. However, brokerage firm JPMorgan retained its overweight stance on the IT stock with a target price of ₹6,900, implying a potential upside of 15.5% from the closing price on November 26.
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Emerging-market stocks rose, reversing earlier losses, as speculation intensified that China’s authorities will roll out fresh stimulus measures next month amid the threat of US imposed tariffs. The MSCI Emerging Markets Index, a key gauge for developing-nation stocks, erased a decline of as much as 0.4% to trade 0.3% higher by 7:33 a.m. in London.
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