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Bloomberg Quint
1d
255
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NACDAC Listing: Most Subscribed SME Stock Makes Bumper Debut At Upper Limit
- Shares of NACDAC Infrastructure Ltd. made a bumper debut on BSE SME with a premium of 90% over the issue price.
- Bidders who were allotted at least one lot of the IPO would have made profits of Rs 1,26,000 with their investment of Rs 1,40,000 turning to Rs 2,66,000.
- The NACDAC Infrastructure IPO became the most subscribed SME IPO in India’s history, with massive oversubscriptions from investors.
- NACDAC Infrastructure Ltd. plans to use the IPO proceeds for working capital requirements and general corporate purposes.
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Bloomberg Quint
1d
304
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TRAI Data - Subscriber Trends Normalise For Bharti Airtel In October 2024: Motilal Oswal
- Reliance Jio's inactive wireless subscribers' cleanup continues; subs recover for Bharti Airtel, according to TRAI data.
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Bloomberg Quint
1d
353
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Stocks To Buy Today: ITC, Devyani International, Sun Pharma, Alkem Labs And More
- Angel One's Singh has recommended buying Star Cement stock at Rs 230 to Rs 232 per share, with a price target at Rs 269. The stop loss for the stock should be at Rs 209. The stock has risen by 37.01% in the past 12 months and crossed over 33.35% in this year to date period.
- SBICAP Securities' Sudeep Shah has suggested buying Amber Enterprises India at Rs 6,900 with a target of Rs 7,150, keeping the stop loss at Rs 6,760. Amber Enterprises share price has risen 127.14% in the past 12 months, and 122.38% year-to-date.
- Shah also has a buy call on pharmaceutical company Jubilant Ingrevia at Rs 800, with a target price of Rs 845. Stop loss for the counter should be pegged at Rs 780.
- Nilesh Jain recommends buying Devyani International stock with the target at Rs 184 and keeping the stop loss at Rs 173. The scrip has fallen 6.49% in the past 12 months.
- Alkem Labs stock has received a 'buy' call from Angel One's Singh. The market expert recommends buying the stock at a price of Rs 5,450, with the target at Rs 5,667 per share and stop loss at Rs 5,337.
- Aditya Arora from Adlytick.in has a buy call on ITC at Rs 474, with a target price of Rs 490. Stop loss for the counter should be pegged at Rs 558. The stock has given 4.04% returns in the past 12 months.
- Arora also recommends buying Sun Pharma stock at Rs 1,815 with the target at Rs 1,865 and then Rs 1,875. He calls for keeping the stop loss at Rs 1,760. The scrip has risen 45.48% in the past 12 months.
- Buy recommendations have been made for ITC Ltd., Devyani International Ltd., Sun Pharmaceutical Industries Ltd., Alkem Laboratories Ltd., and more. These stocks could see an upside of as much as 14% from current levels.
- Of the 23 analysts tracking Alkem Labs stock, 10 recommend 'buy', eight 'hold' and five 'sell'. The consensus 12-month analysts' price target for the share is Rs 5,720.32, implying an upside potential of 4.3%.
- Of the 38 analysts tracking ITC stock, 33 recommend 'buy', three 'hold' and two 'sell'. The consensus 12-month price target for the share is Rs 539.49, implying an upside potential of 13.8%.
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Bloomberg Quint
1d
335
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Life Insurance Sector Check - Navigating The Changes In Surrender Charges: Motilal Oswal
- Motilal Oswal believes that companies with a higher proportion of non-bancassurance channels in their distribution mix like ICICI Prudential, LIC will outperform.
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Bloomberg Quint
1d
350
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Christmas 2024 Bank Holiday: Banks To Remain Shut On Dec. 25 In These States; Full List Here
- Banks across India will remain closed on December 25, 2024, for Christmas celebrations.
- Internet banking and other related services will continue to function without any disruptions.
- In addition to December 25, banks will also remain shut on December 26 in Mizoram, Nagaland, and Meghalaya on account of Christmas celebrations.
- Banks in Nagaland will remain closed from December 24 to December 27 for Christmas celebrations.
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Bloomberg Quint
1d
116
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Stocks To Buy: Maruti Suzuki, Hyundai Motor India, M&M Among Motilal Oswal's Top Picks In Auto OEMs
- Maruti Suzuki is Motilal Oswal's top pick among auto OEMs as it continues to be a play on the rural recovery with attractive valuation.
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Bloomberg Quint
1d
308
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MTNL Share Price Snaps Three-Day Fall As Company Approves Voluntary Retirement Scheme
- MTNL share price snapped its three-day fall and rose following the company's approval of a voluntary retirement scheme
- The company aims to reduce employee costs by offering a voluntary retirement scheme to employees aged 45 years and above
- In the quarter ended September, the company reported an employee benefit expense of Rs 145.96 crore
- Before the rise, the stock had fallen nearly 8% in three sessions
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Bloomberg Quint
1d
37
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IIT Alumni's SME IPO Put On Hold By BSE After Social Media Complaints
- BSE has put on hold the bidding for Solar91 Cleantech Ltd.'s SME IPO due to media queries.
- The company's valuation soared 150% within one month, raising concerns among investors.
- This is the third SME IPO to come under scrutiny ahead of its listing.
- BSE's action follows Sebi's approval of tighter regulations for SME IPOs.
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2 Likes
Bloomberg Quint
1d
214
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Rupee Slips To Record Low As Dollar Continues To Edge Higher
- Indian rupee opened at 85.10 against US dollar, depreciated 3 paise to touch a new low of 85.15.
- Rupee's weakening attributed to persistent dollar demand and global pressures.
- Thin trading volumes expected during holiday season, but dollar index likely to remain elevated.
- Rupee anticipated to trade within a range of 84.70 to 85.20 in the coming days.
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12 Likes
Bloomberg Quint
1d
799
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Non-Life Insurance Sector Sees Growth In Premiums And Improved Claims Ratio In 2023-24: IRDAI
- The non-life insurance sector in India experienced growth in premiums and improved claims ratio in 2023-24, according to the IRDAI's annual report.
- The net incurred claims to net earned premium ratio for the non-life insurance industry stood at 82.52% in 2023-24.
- Public sector general insurers saw an 8.88% increase in their contribution, rising from Rs 82,891 crore in 2022-23 to Rs 90,252 crore in 2023-24.
- Private sector insurers, including standalone health insurers, underwrote Rs 1.88 lakh crore, up from Rs 1.58 lakh crore in 2022-23.
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Bloomberg Quint
1d
184
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Sagility Receives Another Initiation — JPMorgan 'Overweight' On Stock
- Sagility India Ltd. receives an 'overweight' coverage initiation from JPMorgan with a 16% potential upside on structural tailwinds and deep domain expertise.
- The IT-enabled services firm is expected to benefit from rising outsourcing and its strong client relationships.
- Sagility is a play on the US healthcare operations spending, which is under-penetrated in outsourcing at 22%.
- The stock has risen 59% since its listing on Nov. 12, and two analysts have a 'buy' rating on the stock.
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11 Likes
Bloomberg Quint
1d
135
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Stocks To Buy: Motilal Oswal Maintains 'Buy' On Cummins, Kirloskar Oil Engines; Here's Why
- Motilal Oswal maintains 'Buy' rating on Cummins and Kirloskar Oil Engines.
- Both companies are well equipped to tide over the emission norm transition.
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8 Likes
Bloomberg Quint
1d
131
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Zaggle Prepaid Approves Allotment Of 1.13 Crore Shares Via QIP
- Zaggle Prepaid Ocean Services Ltd. has approved the allotment of 1.13 crore shares to qualified institutional buyers.
- The shares were allotted at an issue price of Rs 523.20 per equity share, reflecting a 5% discount on the floor price.
- The allotment resulted in an increase in the company's paid-up equity share capital from Rs 12.28 crore to Rs 13.42 crore.
- Motilal Oswal Investment Advisors, Equirus Capital, and Nuvama Wealth Management were the book-running lead managers for the transaction.
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HRKatha
1d
335
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115 TISS faculty members get contracts extended till March
- 115 faculty members of Tata Institute of Social Sciences (TISS) have had their contracts extended till March 2025.
- These faculty members were appointed under projects funded by the Tata Education Trust (TET) and were selected through a rigorous process.
- Earlier this year, some faculty members were dismissed due to lack of funds, but the dismissal order was withdrawn and funding was extended till the end of this year.
- A sustainability committee has been formed to find long-term solutions for the projects.
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Bloomberg Quint
1d
530
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Swiggy’s Incognito Mode: Chicken Biryani Tops 2024 Secret Orders
- Swiggy's Incognito Mode revealed that Chicken Biryani was the top secret order in 2024, with over 25,000 orders placed.
- Bengaluru had the highest number of secret orders under Incognito Mode, with 54,064 orders.
- Swiggy introduced the Incognito Mode feature on September 6, allowing users to place private orders for food and quick commerce.
- Incognito Mode ensures that orders remain private and hidden from the order history after delivery.
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