Mon, Mar 4, 2024 4:53 PM
Marketmind: Stocks hold records with Powell in view, Nikkei tops 40k
A Flip by Avya Verma
Stock Check: Marico share price slumped nearly 20% from its 52-week high level of ₹719.85, which was recorded on 3 October 2024. The Mumbai-based company is a top Indian FMCG company that exports to more than 25 countries. The company’s range of products consists of brands like Parachute, Saffola, and Livon. Marico share price has corrected nearly 12% in the last three months.
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NTPC Green will primarily invest in solar capacities to reach its 60 GW renewable energy target, which it plans to achieve two years in advance by 2030, said NTPC Ltd CMD Gurdeep Singh. “We are more bullish on solar than wind energy. This is because solar is available throughout the year, about 340 days a year. On the other hand, wind is available in some parts of the country."
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India's steel sector faces profitability concerns due to dumping, depressing global prices, and may require an anti-dumping duty. Industry inventory levels have increased from 15 to 30 days, driven by a 41% year-on-year surge in imports in H1FY25. To avoid becoming a net importer by 2030, India needs Rs 10 lakh crore in private investment to increase capacity by 120 million tonnes.
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