Electrical Sector
Wire stocks rally: Polycab, Finolex gain up to 200% in 18 mths; key levels
Most of the stocks are now seen testing the 20-DMA; trade along this key moving average is likely to dictate the near-term trend for electric wire-related stocks; suggest charts.
 "Wire stocks rally: Polycab, Finolex gain up to 200% in 18 mths; key levels")
Copper rally hits scrap companies to electric gear manufacturers
Apart from hedging and price hikes, companies have also had to resort to stocking up on inventory
 "Copper rally hits scrap companies to electric gear manufacturers")
Schneider Group-owned Lauritz Knudsen to invest Rs 850 crore in 3 years
L&T Switchgear, the electrical and automation arm of L&T, which Schneider Electric acquired in 2020, is rebranded as Lauritz Knudsen
 "Schneider Group-owned Lauritz Knudsen to invest Rs 850 crore in 3 years")
77% employers likely used more apprentices in second half of 2022: Report
Moreover, the trend to hire apprentices has seen a growth in Tier II and Tier III non- metro cities as well
 "77% employers likely used more apprentices in second half of 2022: Report")
DCX Systems soars 48% on debut, shares worth Rs 1,090 crore change hands
Strong debut follows huge response to IPO, which was oversubscribed nearly 70 times
 "DCX Systems soars 48% on debut, shares worth Rs 1,090 crore change hands")
Crompton Greaves plans to raise up to Rs 925 cr via debt securities
The board is scheduled to meet on Monday, June 13, 2022, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing
 "Crompton Greaves plans to raise up to Rs 925 cr via debt securities")
Luminous aims Rs 6,000-cr turnover by FY25, to invest Rs 500 cr in 3 yrs
Luminous Power aims to achieve a target of Rs 6,000 crore turnover in the next five years, helped by its solar and the home electrical businesses, said a top company official
 "Luminous aims Rs 6,000-cr turnover by FY25, to invest Rs 500 cr in 3 yrs")
Inventory inching up relative to sales across sectors, FMCG less affected
Festive season, supply chain issues may have been contributing factors leading to higher inventory
 "Inventory inching up relative to sales across sectors, FMCG less affected")
Electric equipment sector seeks govt's intervention for relief against dues
IEEMA is the representative body for the industry
 "Electric equipment sector seeks govt's intervention for relief against dues")
Seasonal demand uptick critical for consumer electrical firms
Players with a diversified portfolio such as Havells are better placed compared to pure AC players given near term uncertainties
 "Seasonal demand uptick critical for consumer electrical firms")
Alfanar buys Crompton Greaves' automation biz for Rs 880 crore
B2B automation business has been on the block since the sale of CG's international power business materialised in March this year
 "Alfanar buys Crompton Greaves' automation biz for Rs 880 crore")
