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Tata said to consider postponing Tata Play IPO

Updated at : 2023-07-06 14:30:02

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Tata Group is reportedly considering buying back a stake in its content distribution platform from Temasek Holdings as it assesses whether to postpone an IPO planned for the entertainment platform. Discussions with the Singaporean state investor, which currently holds about 20% of the network, could allow it to exit the investment.

"Investor sentiment as measured by our proprietary India Bull-Bear Index has swung from an extreme-bearish reading of 8.2% in mid-March 2023 (Contra BUY time) to an extreme bullish 95.9% reading," CLSA said in its latest strategy report on Thursday.

The Relative Strength Index of the stock stood at 52.14 on Thursday.

Mid-sized companies in India are demonstrating strength and growth potential, as reflected in the surge witnessed by the S&P BSE MidCap index. Stocks of companies such as Abbott India, Colgate-Palmolive, Godrej Properties, and Lodha hit new 52-week highs, showcasing their market appeal and resilience.

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​Now, 19,500 is one level which we are keeping an eye on, in case this is navigated safely in the next couple of days we may very well be headed for 19,800 and possibly 20,000 by the end of this month as well.

Are OMCs in a sweet spot? MK Surana answers

Updated at : 2023-07-06 13:25:02

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​The third part is that whether the OMCs should be rated or which way it is rated. Of course, the analysts are better judge to do that. But I believe, and I have said earlier also that the oil companies are under-priced compared to what the potential they have.

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As Q1FY24 results are set to trickle in, as many as nine penny stocks turned multibaggers in this period

​So you know, is there is this just temporary, I would say that we are expecting about 18 to 20% growth at industry level for the next two years, assuming nothing surprising will happen.

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The Relative Strength Index of the stock stood at 45.04 on Thursday.

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Various studies have shown that the new generation is twice as likely to invest basis the underlying companies’ commitment to making a positive impact through corporate policies that involve environmental, social and governance factors. This mindset reflects a broader recognition of the role that wealth can play in addressing pressing global challenges.

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