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Shares of Adani Power surged 9% to Rs 687 on the NSE on September 19, driven by renewed investor enthusiasm. Analysts cite three key catalysts for a potential 30% upside, including Morgan Stanleys overweight rating, the companys plan to expand operational capacity from 18.15 GW to 41.9 GW by FY32, and a $2227 billion investment in under-construction projects.
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JSW Energy shares surged following the announcement of JSW Neo Energy's acquisition of Tidong Power Generation for Rs 39 crore, supporting its 30 GW renewable energy target by FY 2030. Additionally, GE Power's boiler business demerger into JSW Energy, with a share exchange ratio, further fueled investor optimism.
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On Friday, gold and silver prices on the MCX rebounded from early lows, while international gold prices remained flat. The Federal Reserve's rate cut failed to meet dovish expectations, leaving investors awaiting further cues on U.S. policy. Manoj Kumar Jain suggests specific trading ranges for gold and silver on the MCX, advising to sell silver around Rs 1,27,500.
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