Sensex Trades Marginally Higher, Dow Futures Down By 10 Points

The recent price volatility in the bullion market has rattled many traders. Even with the recent volatility in prices, gold remains among the best-performing commodities this year to combat the fallout from the coronavirus pandemic.

Moving on to stock-specific news...

Among the buzzing stocks, today is ISGEC Heavy Engineering.

ISGEC Heavy Engineering has bagged an order for two gas-fired boilers from the Naval Project, Indian Navy.

The scope of work includes manufacturing of two 40 tons per hour (TPH) boilers on a turnkey basis. The announcement was made after market hours yesterday.

With over 850 high capacity and high-pressure boiler installations across 48 countries, ISGEC's boiler business vertical has a wide experience in captive power and independent power plants, with a wide variety of fuel options ranging from agri-waste to oil & gas.

Last week, the company received an order for a 175 KLPD (kilolitre per day) multi-feed distillery from Dwarikesh Sugar Industries for their site at Bareilly, Uttar Pradesh.

The project included an order for a 40 TPH incineration boiler and a 5 MW power plant with an extraction/condensing type turbine on a turnkey basis.

ISGEC Heavy Engineering is a diversified heavy engineering company engaged in manufacturing and project businesses with an extensive global presence

We will keep you posted on more updates from this space. Stay tuned.

At the time of writing, ISGEC Heavy Engineering shares were trading down by 0.1% on the BSE.

Speaking of the stock market, Brijesh Bhatia, Research Analyst at Fast Profits Report, shares his three-step strategy to profitably 'buy the dip', in his latest video for Fast Profits Daily.

Moving on to news from the banking sector...

Canara Bank Launches QIP to Raise Rs 25 bn

Canara Bank has launched a qualified institutional placement (QIP) to raise funds up to Rs 25 bn, the public sector lender said in a regulatory filing.

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