Wed, Oct 30, 2024 11:01 AM
RITES stock jumps 3% on MoU with SAIL-Bokaro Steel Plant
A Flip by Avya Verma
The National Stock Exchange of India on October 30 said it crossed a significant milestone in October 2024 as the total number of client codes at the exchange (accounts) surpassed 20 crore. "This is an impressive growth in eight months, having been 16.9 crore just eight months earlier," said NSE in a statement. Among states, Maharashtra leads with the highest number of accounts at 3.6 crore.
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Prabhudas Lilladher's research report on Greenpanel Industries. We downward revise our FY25 earnings estimates by 6.9% to account for weak performance in Q2FY25 and rising domestic competition, impacting MDF realization. GREENP has guided for domestic MDF volume growth of 15-18% (YoY) in H2FY25. However, we have considered MDF volume growth at 16% for H2FY25.
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Marico's inline numbers were driven by stable volume growth, positive pricing, and a favorable portfolio mix. Estimates for FY25-27 were cut due to peaked-out margins and sluggishness in Saffola/VAHO sales. The company's strong innovation funnel and diversification plans led to an upgrade to Accumulate with a target price of Rs693.
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