India’s services sector growth jumped to its highest pace in over thirteen years in July, according to a private survey. According to S&P Global, India’s services purchasing managers’ index (PMI) grew to its highest level since June 2010 to 62.3 in July. A reading above 50 shows an expansion in the sector. The… Continue reading July PMI services rises sharpest since June 2010 on robust global demand
Tag: robust
Power stocks may surge up to 12% on robust trend
Shares of power sector displayed a robust momentum on Tuesday, with NTPC hitting a new historic peak and Orient Green Power Company surging 14 per cent. Similarly, Jaiprakash Power, Urja Global and RattanIndia Power gained over 6 per cent, respectively. So far this year, NTPC has soared 36 per cent, Torrent Power zoomed… Continue reading Power stocks may surge up to 12% on robust trend
Services, retail demand keeps credit offtake robust in June: RBI data
The pace of credit offtake continued to be robust in June 2023, with sectors clocking year-on year (YoY) growth of between 8.1 per cent and 26.7 per cent. Reserve Bank of India (RBI) data showed the services sector clocked a pace of 26.7 per cent in June against 12.8 per cent a year… Continue reading Services, retail demand keeps credit offtake robust in June: RBI data
ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results
Shares of ACC hit five month high of Rs 2,021.85, up 4 per cent on the BSE in Monday’s intra-day trade, extending its previous week’s gain amid a robust set of earnings for the quarter ended June 2023 (Q1FY24). The stock of Adani Group was trading higher for a sixth straight day, surging 14 per… Continue reading ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results