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Indian engineering conglomerate Escorts expects sustainable growth in its three core businesses for the rest of the year with its 16-17% margin forecast for the railway sector viewed as sustainable, according to CFO Bharat Madan. While it may not achieve the 20% margin seen in Q1 due to varying product mixes, expansion of demand will push growth next year. Mid-single digit growth is predicted for both the tractor and domestic industries, although subdued demand will continue in overseas markets due to general recessionary conditions.

Dhawan picked up a 1.66% stake in Religare Enterprises (REL) - a diversified financial services group giving services across verticals viz. loans to SMEs, affordable housing finance, health insurance and retail broking. The value of his holding in the company stands at Rs 94.3 crore, according to Trendlyne data.

The stock market continues to witness intriguing movements as some stocks have demonstrated remarkable growth by crossing their 200-day Simple Moving Average (SMA) on 1st August 2023. These achievements are sparking interest among investors, signaling potential growth opportunities in the market.

JAPAN-STOCKS/Japanese shares post biggest one-day drop this year; US rating cut weighs

A total of 27,690 shares changed hands on the counter till 01:24PM (IST).

The primary objective of this bill is to clearly define boundaries for oversight of the industry between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) and remove any ambiguity which might cause differences in verdict or uncertainty for stakeholders.

The stock quoted a 52-week high price of Rs 428.8 and a 52-week low of Rs 251.25.

I think we as an industry and we as a country are a large consumption led economy so I think with the digital rails of distribution now coming with ONDC and all that is going to be a large segment for Indian start-ups to kind of the profit pool to target.

In terms of price action, the stock is trading below the 5-DMA but above 10,20,30,50,100, and 200-DMA on the daily charts, which is a positive sign for the bulls.

A total of 25,724 shares changed hands on the counter till 12:48PM (IST)