Tue, Feb 20, 2024 12:51 PM
Ahmedabad civic body seals 3,500 shops over pending property tax
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Vishal Fabrics Ltd acquired a 37.72 per cent stake (1,170,500 shares at Rs 135 per share) in Chiripal Textile Mills Pvt Ltd on March 30, 2024, for a total of Rs 158.02 crore. This acquisition makes Chiripal Textile Mills an associate company of Vishal Fabrics. Chiripal Textile Mills is a manufacturer and trader of various yarns and fabrics, with a turnover of Rs 539.03 cr for the financial year.
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Dr Reddy’s plans to launch more than 20 products in the US in the financial year 2024-25, the Indian generic drug manufacturer said in a post- earnings call after reporting better-than-expected profit for the March quarter. The company introduced 21 new molecules in the US in FY24, which drove a 28.8% on-year growth in sales in that country to Rs 32.6 billion (approximately $393 million).
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Bull call ratio spread for May series recommended by Bhatt: ✅Position: Buy 1 lot of MuthootFin 1700 CE at Rs 50-52 ✅Sell 2 lots of MuthootFin 1,780 CE at Rs 25-27 ✅Max profit expected is Rs 40,000 in the range of Rs 1,720-1,780 ✅Zero downside risk ✅Margin Required: Rs.131000 ✅Profit Potential: 30% on Margin ✅Holding Period: Until May expiry.
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