Stocks in Focus Today: Reliance Power, Tata Steel, IRFC, PC Jeweller,


Today, several notable stocks are making headlines amid a challenging market environment, driven by escalating tensions in the Middle East. The BSE Sensex has dropped sharply by 1,264.2 points, settling at 83,002.09, while the Nifty has fallen by 345.3 points to 25,451.60 in early trading.


**Reliance Power/-

Reliance Power continues to draw investor interest, hitting the upper circuit limit with shares priced at Rs 53.65. Under Anil Ambani's leadership, the stock has surged over 80% in just one month, marking it as a standout performer in these turbulent times.


**Tata Steel/-

Tata Steel shares are enjoying a boost of more than 1%, thanks to a recent upgrade from Morgan Stanley, which adjusted its rating to 'equal-weight' and set a price target of Rs 175. This positive outlook is a bright spot amidst the broader market declines, suggesting robust fundamentals for the company.


**IRFC/-

On the flip side, shares of Indian Railway Finance Corporation (IRFC) are down about 2%, trading at Rs 152.50. Despite the dip, IRFC has had an impressive year, with its stock climbing nearly 100%. As a key player in financing Indian Railways, the company has been pivotal in supporting its expansion since its inception in 1986.

**Infosys/-

Shares of Infosys are slightly lower at Rs 1,893.70 as investors await its quarterly results for July-September 2024, set to be announced later this month. The IT giant has seen its stock rise by 28% over the past six months and 32% year-on-year, highlighting its resilience in the tech sector.


**PC Jeweller/-

PC Jeweller is making waves with a nearly 3% increase in its shares, currently priced at Rs 173.90. The stock has been on a remarkable trajectory, gaining 190% over the last six months and over 550% in the past year, reflecting a strong demand in the jewelry market.


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