Fri, Nov 8, 2024 6:14 PM
Indian rupee to depreciate further after Trump's win, say experts
A Flip by Shubhangi Gupta
📌The top gainers in the Nifty index included Mahindra & Mahindra (up 2.89%), Titan Company (up 2.10%), Tech Mahindra (up 1.84%), Infosys (up 1.49%), and Nestle India (up 1.45%). 📌Conversely, the top losers were Trent (down 3.18%), Coal India (down 2.60%), Asian Paints (down 2.58%), Tata Steel (down 2.24%), and Shriram Finance (down 2.03%).
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Shares of 📌Amara Raja Energy and 📌Exide Industries have been on a consistent downward trajectory over the past five months. Their recent financial results for the September quarter have failed to boost investor sentiment. At current levels, Amara Raja Energy's stock is trading at a 27% decline from its recent peak of ₹1,775. Exide Industries' shares are down 30% from their high of ₹620.
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DCX Systems secures a Rs 460.30 crore order from Lockheed Martin USA for electrical assemblies, building on a prior Rs 16.53 crore deal, and strengthening its position with top global defence contractors. The company's order book stands at Rs 1,937 crore, with a growing pipeline, as India's defence sector is expected to reach $70 billion by 2030.
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