Fri, Feb 16, 2024 10:42 AM
Polysil Irrigation Systems lists at 3.7% premium to IPO price on NSE SME
A Flip by Shubhangi Gupta
India's equity benchmark indices dipped on Thursday, reversing the previous day's gains, as rising yields on US bonds and continued selling by foreigners kept investors on the edge. The spike in the US 10-year Treasury to a four-month high soon after the election of Donald Trump as the US President has raised concerns that the US Federal Reserve may slow down rate-cutting plans.
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Vaishali Parekh said that the Nifty 50 Spot for today has support at 24,000 points, while the resistance lies at 24,500 points. Stock recommendations- 📌ITI: Buy at ₹266.50; Target at ₹300; Stop Loss at ₹250. 📌KEC International: Buy at ₹1,050.70; Target at ₹1,150; Stop Loss at ₹970. 📌Computer Age Management Services: Buy at ₹4,662.50; Target at ₹5,000; Stop Loss at ₹4,550.
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📌Cochin Shipyard posted a net profit of Rs 189 crore in the second quarter. 📌AB Fashion reported a net loss of Rs 215 crore in the September quarter. 📌SAIL reported a net profit of Rs 897 crore in the quarter ended September 2024. 📌Indian Hotels posted a net profit of Rs 554 crore in the September quarter. 📌Astral reported a net profit of Rs 109 crore in the quarter ended September 2024.
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