• Among best performing stocks on the Nifty 500 index
• Up for the sixth straight session
• Best winning streak since December 2019
• Trades at the highest level in nearly 3 months
• Locked in an upper circuit of 5% in nine out of the last 11 trading sessions
• Has not had a single day of losses in the last 11 sessions. (Ended unchanged on May 27, 2020)
• Up 62% in the last 11 trading sessions (From 52-week low of Rs 165 on May 20, 2020)
• Today's volumes are only 0.4 times higher than its 30-day average
• Stock trades in overbought territory with Relative Strength Index (RSI) at 75
• 10 out of the 11 analysts tracking the stock have a buy recommendation; 1 sell call
• Return potential of the stock as per Bloomberg data is 32%

The utility services company plans to expand its network to 20,000 circuit kilometers by FY22 as compared to the current 11,576 kilometers, Bloomberg reports citing the company's annual report.

The company intends to expand its network in order to meet the rising demand.

It also intends to expand its distribution business by bidding for assets when the industry opens up and also increase renewable energy purchases in the Mumbai distribution business.

It aims to raise the share of renewables to 30% of the total power purchase for its Mumbai distribution business by September 2021, compared to the current 3%.

Shares fell as much as 1.77% to Rs 180.55.

• Benchmark indices extend declines
• Nifty down 0.6% at 10,003
• Sensex down 0.6% at 33,893
• Nifty Bank down 1.6% at 20,608
• Nifty Midcap Index down 0.4%
• Nifty Smallcap Index down 0.5%
• India Volatility Index down 0.65% to 29.84
• Nifty Realty, Nifty Media, Nifty FMCG and Nifty Auto among sectoral laggards
• Nifty PSU Bank and Nifty Pharma are off the day's high but hold on to gains of over 1%
• Vedanta remains the top Nifty gainer; up 5.3%
• IndusInd Bank is the top Nifty laggard; down 4.2%
• Market breadth turns adverse with 901 stocks declining on the NSE as compared to 809 gainers

• Sales in April were extremely low.
• Signs of recovery in May.
• Production ramp-up will be done gradually.
• Able to manage sharp drop in business and low collections in April by accessing the Commercial Paper market at competitive rates.
• International operations in Poland have been impacted.
• Plant in Nepal is yet to resume operations.

Shares are trading at the day’s low, falling as much as 1.9% to Rs 506.

In its monthly business update for May, the company reported 1,750 units of power tiller sales, a 24% increase compared to the previous year.

Tractor sales too saw a rise of 20% compared to the previous year to 633 units.

The stock gained as much as 8.65% to Rs 1,200 and is up for the eighth straight day - its longest winning streak since June 2014.