Shares of IT company Newgen Software extended their winning streak for the ninth consecutive session surging 35% during the period to hit a lifetime record-high mark during intraday on Friday, May 3. Newgen Software has given multi bagger returns to investors over the last 1-3 year time periods. During the March quarter, its net profit surpassed the ₹100 crore- mark for the first time ever.
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Motilal Oswal's research report on Atul. Management highlighted that there was pricing pressure, although volumes have improved in some of the businesses that have done well throughout FY24. A couple of subsidiaries have suffered losses at the PBT level, which has led to a decline in earnings of the consolidated entity.
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Sebi had constituted various working groups to recommend measures to simplify and ease compliances. As part of these efforts, a working group was made to review the present regulatory framework under Sebi (portfolio managers) regulations, 2020 and recommend measures to promote ease of doing business for portfolio managers.
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