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  • September 11, 2023

Indian Railway Finance Corporation (IRFC)

Indian Railway Finance Corporation (IRFC)share price rose 10% to touch a 52-week high of ₹84.76 apiece on BSE.
ITI share price hits new 52-week high on launch of its own laptop, Micro PC in partnership with Intel Corp
ITI share price surges over 17% on announcement of new laptop and micro PC brand ‘SMAASH’ in partnership with Intel.
ITI share price today opened at ₹125.70 apiece on BSE.

ITI share price surged over 17% to hit a 52-week high on Monday’s trading session after the company announced about its own laptop and micro PC brand  ‘SMAASH’ in partnership with Intel Corporation. ITI share price today opened at ₹125.70 apiece on BSE. ITI stock price gained nearly 1% in its early trade today. Following the news of its debut of two new products at noon, the stock price jumped by over 10% to 17%.

According to Rajesh Bhosale – Equity Technical and Derivative Analyst, Angel One, ITI stock has seen strong positive momentum up 15% with strong volumes. Overall this counters has been in a strong uptrend and expected to continue perfrormance in near term. Immediate support is ₹135 and ₹165 is next possible target.

The company stated in its filing that ‘SMAASH’ matches international quality and performance and the products are already in use, and despite tough competition against MNC brands like Acer, HP, Dell, and Lenovo, the company has won many tenders.

The company also stated that it had a Memorandum of Understanding (MoU) with Intel Corporation, with whom it has jointly designed and manufactured its products.

All required certifications, including those from the BIS (Bureau of Indian Standards), ROHS (Restriction of Hazardous Substances), BEE (Bureau of Energy Efficiency), CE (European Conformity), FCC (Federal Communication Commission), and others, have been obtained by SMAASH products. SMAASH laptops and PCs are designed and manufactured for consistent performance, the company said. 

Rajesh Rai, Chairman and Managing Director of ITI Ltd said– “I am very elated to state that we have developed SMAASH, our branded laptop and Mini PC. Our talented Palakkad Team has put in all-out efforts to make this feat possible. SMAASH brand is being received well and is helping us win tenders in cut throat markets.

Stocks to watch this week: RIL, Maruti, HDFC Bank among nine technical picks; do you own any?

Domestic equity benchmarks the Sensex and the Nifty are up over 3 per cent in September so far, but analysts warn that the rally may not be sustained due to unsupportive fundamentals.

Risk emanating from sticky inflation, elevated interest rates and weakening global economic growth continue to loom. 

Domestic equity market benchmarks the Sensex and the Nifty have been in the green in September so far. Both indices are up over 3 per cent this month so far and analysts expect them to hit their all-time highs soon. However, the ongoing rally may not be sustained as the fundamentals are not supportive at this point.

Railway stocks IRFC, Ircon, Rail Vikas Nigam hit 52-week high; here’s why

Railway Stocks News: Rail stocks surge as US, EU, and India agree on the Mideast-India Rail and Shipping Corridor at the G-20 summit.

Railway Stocks News: Three railway stocks were in focus on Monday’s trading session following the historic US, European Union (EU) agreed on the Mideast-India Rail and Shipping Corridor at the G-20. The US inked an agreement with India, Middle Eastern nations, and the EU with the goal of linking them through a system of railways and marine lines. Ircon International share price surged 19.3% to touch a 52-week high of ₹159.25

he momentum is strongly in favours of bulls but post a strong move in just 10 day, the indicators are in overbought. Hence. ideally one should avoid for short term as risk reward not lucrative, better wait for any dip to enter the stocks from a long term be view, advised Bhosale.a piece, Rail Vikas Nigam share price jumped 17.6% to hit a 52-week high of ₹191.40

CAMS share price rises over 5% as top brokerages see up to 16% upside

CAMS share price rose as top brokerages are optimistic about the future performance of CAMS stock due to the company’s growing capabilities. Brokerage firm Kotak Institutional Equities upgraded the stock to an ‘add’ rating.In the last one year, CAMS share price has lost nearly a per cent while the Sensex has gained over 11 per cent. 

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