Wed, Jan 20, 2021 5:40 PM
Karda Constructions recorded a robust turnaround with 23% YoY growth
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Foreign investors are loading up on options to hedge their equity portfolio against a slide in benchmark indices as they worry that Prime Minister Narendra Modi's party may not achieve the landslide victory predicted by opinion polls just weeks ago. The last major poll had estimated that the ruling Bharatiya Janata Party (BJP) party would win 342 seats, comfortably above the 272 majority required.
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TBO Tek IPO listing date has been scheduled for tomorrow (Wed, May 15). TBO Tek IPO allotment has been finalised. TBO Tek IPO allotment date was scheduled for Monday, May 13. For those who have been allocated shares, the crediting of shares to demat accounts will take place today, Tue, May 14. The process of refunding those who have not yet received their shares will likewise be completed soon.
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According to stock market experts, Canara Bank and Union Bank shares may look attractive from a valuation perspective, but in the wake of the high-interest rate regime peaking out, one needs to look at the CASA while choosing a bank stock. They said that a lower cost of funding would enable a banking stock to deliver higher returns in the medium to long term as their fair value would be higher.
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