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Patel Engineering's stock soared after securing two significant Letters of Intent worth Rs 798.19 crore for coal excavation and transportation projects in Chhattisgarh. Awarded by South Eastern Coalfields Limited, these nine-year contracts involve extensive overburden removal, coal handling, and logistics. This win further solidifies the company's position in crucial infrastructure development for public sector undertakings.
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Reliance Infrastructure surged 5% to hit the upper circuit for the second consecutive session, extending its rebound after a sharp six-day decline. Despite the recovery, the stock remains under pressuredown 27% in a month and nearly 60% from its 52-week highwhile technical indicators continue to signal broader weakness.
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News and Media
Gold and silver prices opened lower due to profit booking and market volatility, even as expectations of December Fed rate cuts and a weaker dollar provided support. Gold February futures on MCX fell 0.41% to 1,27,248 per 10 grams, while silver March futures dropped 0.36% to 1,64,349 per kg.
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News and Media
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