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Jupiter Wagons received a Rs 600 crore order from Adani Group s Ambuja Cements and ACC Ltd to manufacture and supply BCFCM Rakes Wagons. Additionally, Jupiter s subsidiary, Jupiter Electric Mobility, launched the JEM Saathi app in partnership with Pulse Energy to enhance their EV ecosystem. Shares of Jupiter Wagons closed 4.7% lower at Rs 318.05 on BSE.

India s potential for growth remains high, and the market can perform well over the next decade. However, there is concern that the current market cycle may have already peaked. The article advises caution with investments, suggesting only moderate risks due to unpredictable global policy changes and the current economic climate.

Donald Trump signed an executive order to pause prosecutions under the Foreign Corrupt Practices Act for Americans accused of bribing foreign officials. This change is seen as beneficial for promoting American investments in India, reducing fears among US companies about being liable for subcontractors actions. This new development could boost Indo-American business collaborations.

4 stocks closed above VWAP on February 11

Updated at : 2025-02-12 09:20:01

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A shift above the VWAP suggests a potential bullish trend, according to stockedge.com s technical scan data.

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JM Financial recommends a buy on Bharti Hexacom with a target price of Rs 1500, driven by improved ARPU and EBITDA. The company s revenue for 3QFY25 exceeded expectations, with significant growth in total income and net profit. The brokerage sees Bharti Hexacom benefiting from future ARPU growth and capex moderation, boosting its equity value.

Dhananjay Sinha highlights Nifty s average earnings growth of 4-5% and valuations of 20-22 times, indicating a high PEG ratio. With concerns over margin pressure and weak demand, the market is cautious. The auto sector shows mixed views, and small to midcaps face significant pressure. Monitoring domestic retail investor flows is crucial for market sustenance.

Hexaware Technologies has raised Rs 2,598 crore from anchor investors ahead of its IPO, which opens today and closes on February 14. The company’s IPO price band is set at Rs 674-708 per share. Analysts recommend subscribing to the IPO for long-term growth, as Hexaware leverages AI to drive productivity and has shown strong financial performance.

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