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Ravi Singh, Vice President & Head of Research, Share India said gold price hit Rs 49,000 on MCX after US consumer prices jumped in October, the highest since 1990.

“I do not fear a 20-30-40% down move because I think we should expect them in stocks like in stocks like Zomato, Nykaa.”

Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 3638.10 Crore).

Buy EPL, target price Rs 290: ICICI Securities

Updated at : 2021-11-11 10:20:01

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EPL Ltd. key Products/Revenue Segments include Laminated Tubes, Royalty Income, Scrap and Export Incentives for the year ending 31-Mar-2021.

The Dow Jones Industrial Average fell 240.04 points, or 0.66%, to 36,079.94, the S&P 500 lost 38.54 points, or 0.82%, to 4,646.71 and the Nasdaq Composite dropped 263.84 points, or 1.66%, to 15,622.71.

Buy Avenue Supermarts, target price Rs 5100: IIFL

Updated at : 2021-11-11 09:20:02

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Avenue Supermarts Ltd. key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2021.

Buy UPL, target price Rs 800: IIFL

Updated at : 2021-11-11 09:20:02

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UPL Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 58930.83 Crore) operating in Pesticides/Agro Chemicals sector.

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The company currently has pending orders of more than 250,000 units. It is working closely with supply-chain partners to ease supply constraints and accelerate deliveries.

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API Holdings, the parent of online pharmacy PharmEasy, has filed its draft red herring prospectus (DRHP) with market regulator Sebi for a ₹6,250 crore initial public offering (IPO) with a fresh issue of shares. The company may also consider raising ₹1,250 crore via a private placement of shares before filing its red herring prospectus (RHP) and, if that happens, the issue size will be altered accordingly, it said.

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Inflation fears pressured Asian stocks and buoyed the dollar on Thursday after data overnight showed U.S. consumer prices surged at the fastest pace since 1990 last month, boosting the case for faster Federal Reserve policy tightening. Nominal U.S. Treasury yields shot higher, with that on the benchmark 10-year note leaping by the most since February, while real yields, which take inflation into account, dipped to record lows.

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