News for Optiemus Infracom Limited (OPTIEMUS.BO)

Optiemus Infracom invests ₹21 crore in BIGTech, a joint venture for glass manufacturing, to enhance brand image and value.

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Optiemus Infracom hit an all-time high of Rs 788 as the shares surged 17% in Monday's intraday trade amid heavy volumes

Shares of Optiemus Infracom rose over 12% to their record high today  after the firm said it has forayed into manufacturing of telecom equipment. Optiemus Infracom stock surged 12.58% to Rs 569.50 against the previous close of Rs 505.85 on BSE. Market cap of the firm stood at Rs 4812 crore.

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Through this project, it is also targeting a service revenue of around ₹600-900 crore by the end of calendar year 2025

A wholly owned subsidiary of Optiemus Infracom Ltd. launched a range of drones in the agricultural and mapping category on Thursday. It will be powered by components designed and manufactured in India, according to the exchange filing. Optiemus Unmanned Systems Pvt. will be adopting a strategy of 'drone as a service' to reach out to target markets. Optiemus Infracom will invest around Rs 140 crore in the project and expects a service revenue around Rs 600–900 crore by 2025.

Corning and Optiemus partner to establish India’s first high-quality cover-glass facility for mobile electronics in Tamil Nadu.

The company plans to build drones that cater to a wide range of applications, including defence, healthcare, agriculture, logistics, mining,railways, and oil and gas.

The 70:30 joint venture between Optiemus and Corning will soon apply for the scheme for the promotion of manufacturing of electronic components and semiconductors (SPECS), seeking incentives from the Indian government.

The market is due for a short term upward pull back in the near term. It has formed a long legged doji formation, which may see trending activity on either side, says Amol Athawale, Vice President - Technical Research, Kotak Securities.

On the upside, we expect the Nifty to target levels of 19,650. In terms of levels, crucial support zone is placed at 19,330 – 19,300 and immediate hurdle is placed at 19,520 – 19,550

Amid mixed global cues, weak monsoons in August and rising crude oil prices, the benchmarks remained under pressure, however, strong GDP and Manufacturing data boosted investors sentiment on Friday

For Nifty the crucial support zone on the downside is placed at 19350 – 19290 and on the upside, resistance is placed at 19530 – 19500.

For optimism to return to the markets, a move above 19,600 and a calm international scenario are essential. There is ambiguity in the markets. Experts suggest caution at every step.

Foreign institutional investors (FIIs) offloaded equities worth Rs 3545.64 crore, while domestic institutional investors (DIIs) bought equities worth Rs 5,617.33 crore in this week.

The BSE Sensex climbed 772.01 points or 1.25 percent to end at 62,501.69, and the Nifty50 added 295.9 points or 1.62 percent to close at 18,499.30. The Sensex and the Nifty added 1 percent and 0.77 percent so far this month

Foreign institutional investors (FIIs) bought equities worth Rs 3,230.49 crore, while domestic institutional investors (DIIs) bought equities worth Rs 3,482.21 crore this week

As long as Nifty is trading above 17,900 the uptrend formation is likely to continue and could move up till 18,150-18,250, says Amol Athawale, Technical Analyst (DVP), Kotak Securities.