Fri, Sep 20, 2024 10:49 AM
Radhakishan Damani offloads 1 lakh shares in this midcap stock
A Flip by Shubhangi Gupta
Japan's Nikkei share average rose on Friday and logged its best week since mid-August, but gains were capped as the yen strengthened after the Bank of Japan set the stage for future interest rate hikes The tech-heavy Nikkei ended the day up 1.53% at 37,723.91, with chip-sector stocks rallying in line with their U.S. peers. The index advanced 1.57% for the week.
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PPF account holders must know that having multiple accounts is against the rules, and irregular accounts will be merged with the primary account, with excess balance refunded without interest. Minors' irregular accounts will earn post office savings bank interest, while NRIs must close their accounts after maturity, with no extension allowed.
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JM Financial raises Axis Bank's target price to ₹1,450 per share, implying a 17% upside, citing strong growth in net interest income, robust provision buffers, and a solid liquidity profile. Axis Bank's strategic move to enhance its share of deposits that will reprice within six months to one year is expected to mitigate the impact on net interest margins from potential future rate cuts.
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