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Hindustan Times
19 minutes ago
- Hindustan Times
PM Modi receives Ghana's highest state honour 'Officer of the Order of the Star'
Prime Minister Narendra Modi on Wednesday (local time) conferred the national honour of Ghana, Officer of the Order of the Star of Ghana, by its President, John Dramani Mahama, in recognition of his "distinguished" statesmanship and influential global leadership, Ministry of External Affairs said in an official statement. Prime Minister Narendra Modi meets Ghana President John Mahama, at Kotoka International Airport in Accra on Wednesday(DPR PMO) Accepting the award on behalf of 1.4 billion Indians, Prime Minister dedicated the honour to the aspirations of the youth of India, its cultural traditions and diversity, and to the historical ties between Ghana and India. PM Modi also thanked the people and government of Ghana for this special gesture. Noting that the shared democratic values and traditions of the two countries would continue to nurture the partnership, the Prime Minister stated that the award further deepens the friendship between the two countries and places new responsibility on him to embrace and advance bilateral ties. Prime Minister affirmed he was confident that his historic State Visit to Ghana would impart a new momentum to India-Ghana ties, the MEA statement added. Earlier, Prime Minister Narendra Modi announced India will establish a Skill Development Centre to train youth and support Ghana's 'Feed Ghana' programme as part of a broader plan to strengthen ties between the two countries. During a joint press briefing with Ghanaian President John Mahama, PM Modi said India would expand cooperation with Ghana in key sectors including agriculture, education, defence, healthcare and digital payments. "Today, we have decided to double the ITEC and ICCR scholarships for Ghana. Work will be done to establish a Skill Development Centre for vocational education of youth," PM Modi said. "In the agricultural sector, we would be happy to cooperate with President Mahama's 'Feed Ghana' programme. Through Jan Aushadhi Kendra, India proposes to provide 'affordable healthcare, reliable care' to the citizens of Ghana. We discussed cooperation in vaccine production," he added. The Prime Minister also said that India plans to double trade with Ghana within the next five years and offer its digital payments system, Bharat UPI, to boost financial connectivity. The Prime Minister also said that India plans to double trade with Ghana within the next five years and offer its digital payments system, Bharat UPI, to boost financial connectivity. President Mahama earlier in the day welcomed the Indian Prime Minister and said the visit reflected the long-standing friendship between the countries. "This visit is a testament to the deep-rooted historical ties between Ghana and India founded on the visionary leadership of Ghana's first President Dr. Kwame Nkrumah and India's former Prime Minister Pandit Jawaharlal Nehru, as well as the ever-growing bonds of friendship and cooperation that exist between our two sisterly countries for the mutual benefit of our people," he said. This is the first visit by an Indian Prime Minister to Ghana in over 30 years. The trip is expected to deepen the India-Ghana partnership and signal New Delhi's continued engagement with Africa and the Global South.
Mint
19 minutes ago
- Mint
Stocks to trade today: Trade Brains Portal recommends two green energy stocks for 3 July
The Nifty 50 began Wednesday on a positive note but spent the majority of the day in a bearish trend, closing 0.35% lower as investors remained wary ahead of the US's impending tariff deadline of 8 July. The BSE Sensex fell similarly, closing 0.34% lower. Today, we recommend two stocks from the green energy sector, which is gaining traction amid a global push for sustainability. NTPC Green Energy Ltd Current price: ₹106 Target price: ₹130 in 12-14 months Stop-loss: ₹90 Why NTPC Green Energy is recommended: NTPC Green Energy is India's largest renewable energy public sector enterprise (apart from hydro) in terms of operating capacity, and serves as the umbrella organisation for NTPC's green business initiatives. To guide NTPC's green energy path and meet its ambitious target of 60 GW by FY32, NGEL works on both organic and inorganic initiatives. Energy storage, hybrid power, solar power, wind power, and green hydrogen are all part of NGEL's diverse business portfolio. The company, which has a capacity of more than 3.4 GW, has commissioned 17 projects and has 24 projects underway. NGEL reported revenue from operations of ₹2,210 crore for FY25, up 12.5% from ₹1,963 crore in FY24. Ebitda stood at ₹2,173 crore, up 19.4% from ₹1,819 crore in the previous year. Profit after tax rose 38% to ₹474 crore. In the auction conducted by Solar Energy Corporation of India Ltd for the construction of 2,000 MW of inter-state transmission system-connected solar photovoltaic power plants, NTPC Renewable Energy Ltd, a fully owned subsidiary of NTPC Green Energy, secured a 500 MW solar power contract. The installation of energy storage systems with a combined capacity of 1,000 MW/4,000 MWh is also up for auction. To build renewable energy projects in Bihar, such as ground-mounted and floating solar arrays, battery energy storage systems, and green hydrogen mobility initiatives, the company has signed a memorandum of understanding with Bihar's industries department. NTPC Renewable Energy has also won a 1,000 MW solar PV power project auction from Uttar Pradesh Power Corporation Ltd. As of April, the company had a competitive tariff-based bid order book for the construction of 3.5 GW of continuously operational hybrid projects, 0.2 GW of wind projects, and 9.8 GW of solar projects. By 2032, the NTPC group intends to use NGEL to boost its renewable energy capacity to 60 GW. Risk factor: NTPC Green Energy is exposed to timing and cost overruns in these under-construction assets: around 13.5 GW of capacity is under construction in NGEL and its subsidiaries, around 1.9 GW is under construction in Ayana, and another 1.8 GW in other joint ventures. The company's primary method of project execution is engineering, procurement, and construction, and includes mechanisms for obtaining liquidated damages for commissioning delays. It is still exposed to cost increases for projects not yet awarded. NHPC Ltd Current price: ₹84 Target price: ₹105 in 12-14 months Stop-loss: ₹73 Why NHPC is recommended: NHPC, India's largest hydropower development company, was founded in 1975 and is equipped to handle all aspects of hydro power project development, from planning to commissioning. In addition to developing numerous renewable energy projects, NHPC has expanded into solar and wind energy. It has operations in 15 states and two union territories. Of the company's 24 active projects, 21 are hydro projects, one is wind, and two are solar. The company reported revenue from operations of ₹8,994 crore for FY25, up 7% from ₹8,397 crore in the year before. But profit after tax fell to ₹3,084 crore from ₹3,722 crore. On a combined basis, capital expenditure amounted to ₹11,596 crore in FY25, slightly lower than the projected capex of ₹11,762 crore. The company has 8,140 MW of installed capacity (7,771 MW hydro, and 369 MW renewable energy) through 30 power plants. It is currently working on 9,897 MW of projects, including 1,383 MW of solar and 8,514 MW of hydro. In India, NHPC accounts for 16% of the installed hydroelectric capacity. Of the 47,928 MW of hydroelectric power in India, NHPC has a capacity of 7,771 MW. In April, the Parbati-II hydroelectric project (800 MW) was fully commissioned by NHPC. The company's largest operational power plant is now the Parbati-II power station. NHPC is also building pumped storage projects in Andhra Pradesh, Odisha, Madhya Pradesh, Chhattisgarh, Gujarat, Tripura, Punjab, Rajasthan, and Maharashtra. Risk factors: Given NHPC's exposure to state distribution utilities and departments with a moderate-to-weak credit profile, the company is subject to counterparty credit risk. Debtors have accumulated in the past, particularly from Jammu and Kashmir Power Corporation Ltd. The company is exposed to project execution and funding-related concerns when contemplating major capital expenditure plans in the hydro and renewable segment because it has already experienced cost and schedule overruns for the 2,000-MW Subansiri Lower and 800-MW Parbati II projects. Market recap — 2 July The Nifty 50 began Wednesday's trading session on a slightly positive note at 25,588.30, but spent the majority of the day in a bearish trend, closing at 25,453.40, down 88.40 points, or 0.35%. At 61.34, the RSI was well below the 70-point overbought level. On the daily chart, the index ended above the 20, 50, 100, and 200-day moving averages. The BSE Sensex had a similar pattern, opening at 83,790.72 and falling 287.60 points, or 0.34%, to close at 83,409.69, after reaching an intraday low of 83,150.77. The Sensex's RSI was 60.16, and it continued to be above each of the four primary EMAs. Investor attitude on Wednesday was conflicted due to the impending US tariff deadline. While macroeconomic factors like PMI, inflation, the repo rate decrease, and government spending are bolstering market resilience, investors are turning their focus to the impending first-quarter corporate earnings results. On Wednesday, several sectoral indices saw negative finishes. One of the worst losers was the Nifty Realty index, which dropped 1.44% or 14.15 points, closing at 970.05. Stocks like Phoenix Mills, which fell 3.32%, Brigade Enterprises, which fell 3.25%, Prestige Estate Projects, and Anant Raj, which both fell by more than 2%, were the main causes of the downturn. Among the worst losers was the Nifty Finance index, which closed Wednesday at 26,861 after dropping 0.97%, or 262.50 points. Profit-booking and increased valuation worries caused stocks such as Bajaj Finserv, HDFC Life Insurance, Shriram Finance, and Cholamandalam Investment to drop by over 2%. Stocks of Bank of Maharashtra (which fell by more than 2.14%), Bank of Baroda, and Bank of India (which fell by 1.81% and 1.51%, respectively), caused the Nifty PSU Bank index to close at 7,193.65, down 0.83% or 59.95 points. The Nifty Metal index was one of the biggest winners on Wednesday, rising 134.65 points, or 1.41%, to close at 9,699.2. Tata Steel, SAIL, JSW Steel, and Welspun Corp. saw the biggest gains, rising more than 2.5%. The Nifty Consumer Durable index also finished higher, closing at 38,908 after rising 399.95 points, or 1.04%. With gains of almost 3%, Dixon Technologies, Blue Star, PG Electroplast, and Kajaria Ceramics were among the top gainers. Asian markets ended Wednesday with mixed results. At 3,075.06, South Korea's Kospi fell 14.59 points, or 0.47%. The Nikkei 225 in Japan closed at 39,762.48 after falling 223.85 points, or 0.56%. At 24,221.41, the Hang Seng Index ended the day up 149.13 points, or 0.62%. Dow Jones Futures were up 138.19 points, or 0.31%, at 44,631.14 as of 4:50 pm. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
33 minutes ago
- Mint
Best stocks to buy today, 3 July, recommended by NeoTrader's Raja Venkatraman
The market caught a fever as the Trump effect dominated the proceedings, thus causing some turbulence. As trends try to make their way ahead, the damage control required by market participants is quite demanding. Here are two stocks to buy or sell as recommended by NeoTrader's Raja Venkatraman for today: GODREJAGRO: Buy CMP and on dips to ₹783 | Stop ₹773 | Target ₹875-895 HEIDELBERG: Buy CMP and dips to 205 | Stop 202 | Target 240-255 Market update On 3 July 2025, Indian equity markets staged a modest rebound following the previous session's decline, with the Nifty 50 closing at 25,580.65, up 0.50%, and the Sensex reclaiming ground to end at 84,032, rising 0.75%. The recovery was led by broad-based buying across key sectors, particularly metals, auto, and FMCG, which helped offset continued weakness in financials and realty. Tata Steel and JSW Steel extended their gains, buoyed by firm global commodity cues and expectations of improved domestic demand. Maruti Suzuki and Asian Paints also contributed to the upside, reflecting resilience in consumption-linked counters. However, banking stocks remained subdued, with IndusInd Bank and HDFC Life continuing to face selling pressure amid concerns over margin compression and regulatory headwinds. The Nifty Metal Index surged over 1.5%, while auto and FMCG indices added close to 1% each. On the flip side, PSU banks and realty stocks lagged, reflecting cautious sentiment ahead of upcoming macroeconomic data releases. Also Read: Have ₹10,000 to invest? Here are four stocks to explore for the long term. Market breadth improved slightly, with midcap and smallcap indices recovering 0.3%, signalling selective buying interest. Overall, the session reflected a buy-on-dips approach, with traders eyeing a potential breakout above the 25,600-25,700 resistance zone in the coming days. Outlook for trading Currently, the market is stressed at higher levels as there are no encouraging triggers that can help the markets move confidently higher. The constant lack of participation highlights that the trends are getting tired. With the constant geopolitical tensions emanating since April began, the possibility of continued volatility is very much on the cards. At the moment, no cues are emerging that can help give us a hint of the near-term volatility that one can expect. In the last article, we highlighted the importance of the 25,500 zone. The range is getting tighter, and the readings from the Option Data suggest that PCR has moved to 0.62 once again, highlighting that the trends are witnessing a sell-off at every rise. We observe that the Call Writing has shifted lower now to 25500. With notable Put writing seen at 25000 post 25400, we are now at an important point for the days ahead. Despite the best intentions, the market is unable to conjure up enough strength to continue its upward march. With the 25,365 zone, which is the monthly TC Pivot level being held, we can expect a revival in momentum to rise as long as this level is not violated. The steady attempt to buy on every dip has once again given people a reason to hold on to the bullish side of the markets for now. With no clarity on the future course of action, we should be looking at participating with a neutral bias. Trends continue to remain two-phased and require us to balance both sides of the trend. Hence, the situation demands a pragmatic approach to benefit from market participation. Also Read: Torrent Pharma bet big on JB Chemicals, but can the acquisition deliver? Results season is about to get underway, but the global impact of the worrying macro factors driving up the volatility, we need to see how to navigate the current trends. While market continues to offer umpteen opportunities sector rotation will be at work and hence, we have selected candidates that are displaying steady action from both sides until new signals to the contrary emerge. Two stocks to trade, recommended by NeoTrader's Raja Venkatraman: Godrej Agrovet Ltd (Cmp 803.85) Why it's recommended: Last quarter Godrej Agrovet demonstrated a mixed performance as it faced margin pressures due to fluctuating raw material costs, heightened competition in the infrastructure sector, and demand volatility in real estate. After enduring these challenges, the volumes began to pick up in the last few weeks to show some strong showing in the last few days. A strong closing on Wednesday augurs a BUY. Key metrics: P/E: 29.86 | 52-week high: ₹877.85 | Volume: 539.44K. Technical analysis: Support at ₹725, resistance at ₹950. Risk factors: Input cost inflation, particularly impacting soybean prices, and challenges in its subsidiary. Buy: CMP and dips to ₹783. Target price: ₹875-895 in 1 month. Stop loss: ₹773. Also Read: Zomato stock rebounds 30%—but is the rally built to last? Heidelbergcement India Ltd (Cmp 214.54) Why it's recommended: Heidelberg remains a key player from the midcap space in cement industry, benefiting from increasing data consumption and strong subscriber additions. After being in a range for more than five months the stock has given a strong breakout above key resistance zones around 204, with volumes signalling strong bullish interest. Key metrics: P/E: 45.54 | 52-week high: ₹258 | Volume: 860.34 K Technical analysis: Support at ₹186, resistance at ₹222. Risk factors: Poor long-term growth and underperformance in the market. Buy: CMP and dips to ₹205. Target price: ₹240-255 in 1 month. Stop loss: ₹202. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
