Sun, Nov 15, 2020 9:56 PM
Grofers looking at 4-fold rise in gross merchandise Rs by 2022
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Amid nervousness in the market during voting for the third phase of the Lok Sabha election, Indian benchmark equity indices closed lower on Tuesday, dragged by index heavyweight Reliance Industries, banking and auto stocks.The 30-share BSE benchmark Sensex declined 384 points or 0.52% to settle at 60,432. The broader NSE Nifty dropped 140 points or 0.62% to end at 22,302.
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Amazon (NASDAQ: AMZN) stock has more than doubled since bottoming out in 2022. Supporting those gains is a substantial improvement in the company's profits, which is still a catalyst for the stock. Following another strong earnings report last month, Loop Capital analyst Rob Sanderson raised the price target on the shares from $215 to $225. That implies a 21% upside from the current price.
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Plant-based speciality products company Sanstar has received SEBI's go-ahead to float an initial public offering, an update with the markets regulator showed on May 7. The proposed initial public offering (IPO) comprises a fresh issue of 4 crore shares and an offer-for-sale (OFS) of up to 80 lakh shares by its promoters and promoter group selling shareholders, according to the DRHP.
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