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Buy Marico, target price Rs 610: ICICI Direct

Updated at : 2022-09-23 14:20:01

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For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 2575 crore, up 17.85 per cent from last quarter total income of Rs 2185 crore and up 0.90 per cent from last year same quarter total income of Rs 2552.00 crore.

“We are pleased to inform that Sterling and Wilson Renewable Energy along with its consortium partner Sun Africa, have signed an MoU with the government of the Federal Republic of Nigeria to deliver the development, design, construction and commissioning

In the spot market, the highest purity gold was sold at Rs 49,745 per 10 grams while silver was priced at Rs 57,056 per kg on Wednesday, according to the Indian Bullion and Jewellers Association.

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Krishna joined Rishabh Pant, Virender Sehwag, Zaheer Khan, Smriti Mandhana, Cheteshwar Pujara, Ruturaj Gaikwad, M Siraj, Shafali Verma, Rashid Khan, Jason Holder, Quinton De Kock, and many others as player partners of the platform.

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”We see the business model as continuing to show strong traction, and within our internet coverage, view Paytm as one of the most compelling growth stories at an attractive price,” Goldman said in a report.

InterGlobe shares fall 1.35% as Nifty drops

Updated at : 2022-09-23 14:20:01

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The stock quoted a 52-week high price of Rs 2379.0 and a 52-week low of Rs 1513.3.

A sharp correction in natural rubber and crude prices to drive a sharp margin recovery from 3QFY23 and EPS upgrades. We expect margin to recover from 2HFY23, with a softening in underlying RM prices.

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“In the next three to six months, the dust should settle, whether there is a hard landing or soft landing in the US. Post that, I do not think IT is going back to the pre-Covid levels. It should stabilise somewhere here or may be 5-10% lower and that is broadly my view for banking as well as for IT,”

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Interest rates were sharply hiked through the week, with the Fed delivering its third consecutive 75 basis-point increase on Wednesday and Switzerland exiting the era of negative interest rates on Thursday, with its first hike in 15 years.

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The company across its verticals is adapting changes to address the ever-changing consumer preferences and consumption patterns. Moreover, the company is looking at opportunities whether it be via M&As or capital allocation for driving exports. Also, the company via its integrated consumer goods manufacturing and logistics (ICML) focuses to augment supply-chain efficiencies.

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