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Top related persons:
Tesla - 1 Urja - 1 Prashanth Tapse - 1 Shinjini - 1
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BENGALURU Delaware United States Bengaluru
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Urja - 1 Gurugram - 1 Tesla Power - 1 U.S - 1 Mehta - 1 Sethuraman NR - 1 Thomson - 1

Search resuls for: "Prashanth Tapse"


5 mentions found


☆ Indian small-cap Urja Global jumps on Tesla-deal confusion
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, June 12 (Reuters) - Shares of Indian small-cap renewable energy company Urja Global (URJA.NS) jumped nearly 40% in two sessions following a deal with Gurugram-based Tesla Power India, which some investors mistook for U.S. automaker Tesla (TSLA.O). Urja on June 8 said it signed an agreement to manufacture and supply batteries with Tesla Power India, which has global headquarters in Delaware in the United States. "Investors misinterpreted this deal with the real Tesla, leading Urja stock to rally," said Prashanth Tapse, vice president of research at Mehta Equities. Urja shares were up 27.6% this year at 12.70 rupees. The small-cap stock was down 52% in 2022.
Persons: Tesla, Urja, Prashanth Tapse, Shinjini Organizations: Urja, Gurugram, Tesla Power, U.S, Mehta, Sethuraman NR, Thomson Locations: BENGALURU, Delaware, United States, Bengaluru
☆ Auto, realty stocks power Indian shares ahead of March quarter earnings
  + stars: | 2023-04-10 | by ( Bharath Rajeswaran | ) www.reuters.com   time to read: +2 min
BENGALURU, April 10 (Reuters) - Indian shares advanced on Monday, aided by auto and realty stocks following strong quarterly business updates, but rising odds of a U.S. Federal Reserve rate hike in May capped gains. The Nifty 50 (.NSEI) rose 0.28% at 17,647.70, as of 9:51 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.24% to 59,975.11. Ten of the 13 major sectoral indexes advanced, with auto stocks (.NIFTYAUTO) rising over 1%. Wall Street equities rose on Thursday in a truncated week, ahead of U.S. jobs data, which was released on Friday. The market is pricing in 68.3% chance of a 25 basis point rate hike in May, up from 49.2% on Thursday, according to CME's FedWatch Tool.
☆ Indian shares fall ahead of inflation data; Adani stocks slide
  + stars: | 2023-02-13 | by ( ) www.reuters.com   time to read: +2 min
BENGALURU, Feb 13 (Reuters) - Indian shares were off to a muted start on Monday, ahead of domestic retail inflation data due later in the day and U.S. inflation data due tomorrow, while the ongoing uncertainty and spillover effects from the Adani Group's market rout continued to create an overhang. Investors await India's retail inflation data for January, due today. A Reuters poll of economists showed that India's annual retail inflation rose from a 12-month low in December, but stayed within the 6% upper limit of RBI's tolerance band in January. India's market regulator is probing the group's links to some of the investors in its scrapped $2.5 billion share sale of the flagship Adani Enterprises. ($1 = 82.5250 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman, Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
☆ Indian shares open lower, weighed down by China, rate worries
  + stars: | 2022-11-21 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Nov 21 (Reuters) - India's shares opened lower on Monday, dragged down by auto, IT and consumer stocks, while the likelihood of tighter U.S. monetary policy and worsening COVID-19 infection numbers in China weighed on sentiment. The S&P BSE Sensex (.BSESN) shed 0.57% to 61,309.82 as of 0348 GMT, while the NSE Nifty 50 index (.NSEI) lost 0.51% to 18,214.45. The MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 1.25%Oil prices hovered at two-month lows, in part due to concerns over China's demand. Foreign institutional investors sold 7.51 billion Indian rupees ($91.79 million)($92 million) worth of equities on Friday, while domestic investors bought 8.90 billion rupees ($109 million) of shares, per provisional NSE data. ($1 = 81.8200 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
☆ Indian shares down on concerns over Fed's rate posture
  + stars: | 2022-11-17 | by ( Praveen Paramasivam | ) www.reuters.com   time to read: +2 min
BENGALURU, Nov 17 (Reuters) - Indian shares slipped on Thursday, mirroring the weakness in Asian peers, amid growing signs that the Federal Reserve might not temper its aggressive monetary policy anytime soon. Meanwhile, Asia-Pacific shares ex-Japan (.MIAPJ0000PUS) slid a steeper 1.47%, with analysts pinning the smaller drop in local equities to India's fiscal health and economic growth prospects. San Francisco Fed President Mary Daly even said a pause was off the table. The Fed's stance could trigger "bouts of volatility," said Prashanth Tapse, vice president of research at Mehta Equities. "Traders are not uncomfortable with the high valuation of Indian markets, hence periodic profit-taking will continue."
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