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Thanks to the easing of input cost pressures, a majority of companies that are part of the Nifty 500 index saw their operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), grow faster than sales in the last quarter.

“As far as the growth across all the zones is concerned, we are very happy that we are growing across all the zones in India, particularly in the Eastern zone where the growth is around 22%. But in the West and South, the growth is much higher, more than 30% because our base there is slightly lower and we have much more to do. So the North region is growing.”

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Indian shares were flat on Friday, weighed down by a drop in IT stocks after a recent rally

Companies that witnessed highest selling by superstar investors of D-Street

According to market sources, Flair Writing shares are commanding a premium of Rs 86 in the unlisted market. The IPO comprises a fresh issue of Rs 292 crore and an offer for sale (OFS) of Rs 301 crore. The price band of this public issue is fixed at Rs 288-304.

The shares of Tata Technologies are in high demand in the unlisted market, commanding a premium of over 80% as compared to the IPO price. Analysts are overwhelmingly positive on the issue and picked it as the standout among all the other offers which hit the Street this week. Tata Technologies is a pure-play manufacturing-focused engineering research and development (ER&D) company, primarily focused on the automotive industry.

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Eurozone government bond yields were set to close the week higher as investors balanced recession fears against comments from European Central Bank policymakers pushing against market expectations for rate cuts in 2024.

“In my opinion till the time Nifty Futures are trading about 19750-19800, it is on the way towards 20,000 plus market next year in two or three trading sessions. In my opinion, it is a buy on dips market. One can buy the current level. We have rather recommended a few points lower Nifty to our clients as well.”

“The Reserve Bank of India just wants balanced growth between all segments. So what it is saying is that on the unsecured personal loan, perhaps the 24% growth rate should be lower and closer to the overall growth rates of 15% but still 15-20% growth rate is very strong growth.”

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