Market Update at 11:20 AM: In the ongoing trading session, Benchmark indices are trading on a negative note with Sensex significantly declining by 0.61 per cent, while Nifty also plunged by 0.54 per cent. Similarly, in the broader indices Nifty Midcap experience substantial losses of 1.24 per cent, while Nifty Smallcap has plummeted by 1.51 per cent.
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📌Kalyan Jewellers disclosed a consolidated net profit of Rs 1,374.93 cr for Q4 📌SBI reported a standalone net profit of Rs 20,698.35 cr, up by 24% Y-o-Y 📌Piramal Pharma recorded 102.1% YoY rise in net profit, totaling Rs 101.3 cr in Q4 📌Vedanta’s subsidiary CIHL purchased additional 46.57% stake in AvanStrate for JPY 12.2 billion 📌Andhra Paper has entered into an agreement with Valmet AB
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In November last year, Nike announced a quarterly dividend of $0.37 per share. This meant it was the 22nd straight year that the business raised its payout. There are few companies out there that can match that kind of track record of providing a rising income stream over such an extended period of time. Credit goes to Nike's strong underlying fundamentals.
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