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State-run Mazagon Dock Shipbuilders and Indian Railway Finance Corporation (IRFC) occupy top slots in the list of 20 best-performing midcap stocks, which also features Fertilizers and Chemicals Travancore (FACT), Macrotech Developers, Vodafone Idea, Sun TV Network and Adani Power.

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“October has been good, better than expected. The industry is doing well and we continue to outperform the industry. We are looking forward to a strong Q3 as well. You know that we will be building up stock in the market by December as well. So it is Dussehra, Diwali, and then the build-up for the summer so it looks like a positive outlook.”

EBIT stood at Rs 30.64 crore in Q2 FY24, compared to Rs 15.85 crore in Q2 FY23, improving 93.37% YoY. EBIT margin for the quarter increased to 9.91% compared to 9.11% in Q2 FY23. Improvement in operational efficiency and supply chain measures helped improve the margins.

“Some pockets of stocks are looking good on the charts. I would recommend Persistent. One can buy Persistent at current levels and keep a stop loss of Rs 6,000. On the higher side, Persistent may test the level of Rs 6,395 and Rs 6,530. The second stock is NAM India Limited, currently trading at 387 somewhere and one can keep a Rs 27 stop loss that is 360.”

A total of 178,613 shares changed hands on the counter till 01:39PM (IST)

Sugar Prices surged ahead of the festive season and wedding season. The government took various measures such as imposing restrictions on the sugar export in order to control rising sugar prices. During the festive season, the government is not expecting any sharp increase in any food-related items. We expect that the measured will not hit ethanol blending as the government is focused and committed to 20% ethanol blending by 2025."

The total volume in DeFi is currently $4.17 billion, 10.2% of the total crypto market 24-hour volume. The volume of all stablecoins is now $36.65 billion, which is 89.63% of the total crypto market 24-hour volume.

The stock quoted a 52-week high price of Rs 5590.0 and a 52-week low of Rs 4120.0.