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The Nifty Bank Index, currently trading at 47,773.25, is exhibiting a near-term downtrend on the charts. Support levels are anticipated around 47,000 and 46,200, suggesting potential areas where selling pressure could subside temporarily. Given this scenario, the recommended trading strategy would be to sell on rallies. The indication of a negative trend is...

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Paytm parent One 97 Communications confirmed that it has terminated 'nearly all agreements' between the company and Paytm Payments Banks. Paytm shares fell nearly 3 percent on April 10 after Surinder Chawla stepped down as the Paytm Payments Bank managing director and chief executive citing personal reasons and to explore better career prospects. Chawla will be...

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HDFC Bank Ltd on April 4 reported 1.6 percent growth in advances during January-March quarter of the financial year 2023-24. Total advances of the country’s largest private sector bank stood at Rs 25.08 lakh crore. Deposits grew 7.5 percent sequentially to Rs 23.8 lakh crore. The numbers are not comparable year-on-year as HDFC Bank concluded the merger with...

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The stock of the Adani Group integrated power utilities company is quoting higher for the fourth straight trading days, surging 18 per cent during this period Shares of Adani Power hit a record high of Rs 611.75, as they rallied 4 per cent on the BSE in Wednesday’s intra-day trade on a healthy business outlook in otherwise a weak market. The stock of the Adani...

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Honasa Consumer hits new peak, zooms 20% post strong Q2 earnings The stock price of Honasa has zoomed 65 per cent from Rs 256.10 touched on November 10, in intra-day trade on the BSE. Shares of Honasa Consumer hit a new high at Rs 422.50, as they zoomed 20 per cent on the BSE in Friday’s intra-day trade after the company reported a strong 93 per cent year-on-year...

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Newgen Software locks at 5% upper limit, hits new high on bonus issue plan Around 19,000 equity shares have changed hands and there are pending buy orders for nearly 30,000 shares on the NSE and BSE, the data shows Shares of Newgen Software Technologies hit a new high of Rs 1,304.70 as they were locked in the 5-per cent upper circuit on the BSE on Monday at...

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Campus Activewear tanks 10%; hits new low on weak Q2 results The company experienced subdued performance amid reduced sales volumes during the quarter due to a difficult macro-economic environment and some channel inventory correction . Shares of Campus Activewear hit a new low of Rs 237.70, as they slipped 10 per cent on the BSE in Friday’s intra-day trade...

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Inox Wind soars 9%, hits 7-year high on Monday; what's driving the rally? Shares of Inox Wind hit their highest level since July 2016 after its customer, NTPC Renewable Energy, announced the successful commissioning of 50 MW out of 150 MW Dayapar Wind Energy Project

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Suzlon Energy hits 9-year high; up 5% on strong Q2 results, order book CRISIL expects profitability of Suzlon to grow further and achieve Ebitda above Rs 750 crore in FY24, driven by increasing fleet base of O&M business and positive tailwinds in Indian wind sector Shares of Suzlon Energy hit nine-year high of Rs 34.44, up 5 per cent on the BSE in Friday's...

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KPIT Tech hits record high, surges 11% after raising FY24 growth outlook KPIT increased FY24 CC growth outlook to 37%+ from 27%-30% earlier and EBITDA outlook increased to 20%+ from 19%-20% earlier. Shares of #KPITTechnologies hit a record high of Rs 1,249.95, as they rallied 5 per cent on the BSE in Tuesday’s intra-day trade in an otherwise volatile market...

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M&M Finance slides to 6-month low, down 11% on disappointing Q2 margins The company said the margins were impacted by higher borrowing rates coupled with change in portfolio mix in favour of better credit quality customers. Shares of Mahindra & Mahindra Financial Services (M&M Finance) hit a six-month low of Rs 246.05, as they tanked 11 per cent on the BSE in...

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Sonata Software surges 6% in weak market on healthy Q2, 1:1 bonus issue The board also declared an interim dividend of Rs 7 per share (700 per cent on par value of Rs 1) for the financial year 2023-24 Shares of Sonata Software surged 6 per cent to Rs 1,101.50 on the BSE in Thursday’s intra-day weak market on the back of heavy volumes after the company reported a...

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Mahindra Logistics slips 6%, hits 52-week low on disappointing Q2 results The management expects to report better performance in Q3 due to positive demand uptick in festive season, accelerating margins due to synergies with the acquired B2B business and cost reduction Shares of Mahindra Logistics (MLL) hit a 52-week low of Rs 347.15, down 6 per cent on the BSE...

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ITC sinks 3% after Q2 results in sharpest single-day decline in 12 weeks The festive season, increase in rural wages, and government spending on infrastructure are expected to propel rural demand ahead Shares of ITC slipped 3 per cent to Rs 437.80 on the BSE in Friday’s intra-day trade on reporting a lower-than-expected rise in consolidated net profit for the...

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HBL Power soars 8%, hits new high on healthy outlook; up 208% in 6 months CARE Ratings expects total operational income of HBL to grow over 25% YoY (backed by strong demand) in FY24 along with sustaining its operating margins. Shares of HBL Power Systems hit a record high of Rs 309.80, as they rallied 8 per cent on the BSE in Wednesday’s intra-day trade on...

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TCS hits 52-week high, gains 1% in weak market on share buyback plan Shares of Tata Consultancy Services (TCS) hit a 52-week high of Rs 3,634.70, up 1 per cent on the BSE in Monday's intraday trade, in an otherwise weak market after the company announced that it will consider a proposal to buyback equity shares at the meeting to be held on October 11, 2023. The...

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EMS hits new high, soars 16% in 2 days; commands 46% premium to issue price A combined 1.22 million equity shares representing 2.5 per cent of total equity of EMS have changed hands in first 25 minutes of trade on the NSE and BSE. Shares of EMS hit a new high of Rs 322.20, as they rallied 6 per cent on the BSE in Friday’s intra-day trade on the back of heavy...

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Nestle India surges 4% in weak market on stock split, interim dividend plan Nestle India said the board will meet on October 19 to consider a stock split and interim dividend. Shares of Nestle India surged 4 per cent to Rs 23,333.65 on the BSE in Wednesday’s intra-day trade in an otherwise weak market after the company announced that the board will meet on...