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United Spirits shares down 2.05% as Nifty gains

Updated at : 2024-08-12 14:20:02

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The stock quoted a 52-week high price of Rs 1480.0 and low of Rs 976.0.

A "small, hidden, and obscure" Mauritius-based investment vehicle, IPE Plus Fund, has become embroiled in allegations made by Hindenburg Research. The US-based short-seller, in its latest report, claimed that IPE Plus Fund was established by Ahuja through the wealth management firm India Infoline (IIFL). The report further alleged that the Sebi chief and her husband, Dhaval Buch, invested in this fund in June 2015, and that it was also utilized by Vinod Adani, the brother of billionaire Gautam Adani.

2 sectors Aditya Arora is bullish on for near term

Updated at : 2024-08-12 14:20:02

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If you look at the charts of Sharda Cropchem, then we have seen good upsurge today and stock has given breakout above levels of June 2023. So, positionally and technically this stock turns positive today and for a proper run and for a proper breakout, one must wait for a breakout above levels like 610 where the momentum could emerge in this counter

The inclusion is anticipated to generate passive inflows of $1,239 million, as estimated by JM Financial. In a note, the brokerage indicated the possibility of these 8 additions, based on late July prices, while estimating no exclusions in this reshuffle.

ACC shares drop 0.99% as Sensex rises

Updated at : 2024-08-12 14:20:02

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A total of 11,719 shares changed hands on the counter till 01:59PM (IST)

BEL shares drop 0.11% as Sensex rises

Updated at : 2024-08-12 13:35:02

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On the technical charts, the RSI of the stock stood at 46.77.

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As of 30-Jun-2024, promoters held 73.15 per cent stake in the company, while FIIs held 5.51 per cent and domestic institutional investors had 1.91 per cent.

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Bharat Dynamics’ Q1 profit after tax was Rs 7.21 crore, compared to Rs 41.81 crore in the same quarter last year. The PSU defense company’s revenue from operations in Q1FY25 dropped by 35.8% year-on-year to Rs 191.16 crore, down from Rs 297.72 crore. The company also reported an increased EBITDA loss of Rs 52.3 crore for the quarter ended June 2024, up from a loss of Rs 32.6 crore in the corresponding quarter of the previous financial year.

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RVNL shares spiked 10% to Rs 569.6 after an 8.4% decline following its Q1 results, which reported a 35% drop in net profit and a 27% fall in revenue. Despite this, shares rebounded by 9.3% by 11:30 am. Technical indicators show mixed signals, with the stock trading above several SMAs.

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