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Ashoka Buildcon Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 2217.71 Crore) operating in Infrastructure sector.

The Nifty Pharma index was trading 0.27 per cent down at 12610.45.

Gold demand in India improved last week as domestic prices dropped to a more than two-week low, while volumes were sombre in other Asian centres. In the spot market, the highest purity gold was sold at Rs 51,630 per 10 grams while silver was priced at Rs 55,224 per kg on Wednesday, according to the Indian Bullion and Jewellers Association.

Stocks that were in focus included names like Jyothy Labs which was up nearly 6 per cent, RBL Bank which gained over 17 per cent, and Solar Industries which hit a fresh 52-week high with strong volumes.

Buy Can Fin Homes, target price Rs 670: IIFL

Updated at : 2022-08-25 10:45:02

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Can Fin Homes Ltd. key Products/Revenue Segments include Interest and Fees & Commission Income for the year ending 31-Mar-2022.

"The timely return of foreign institutional investors, banking credit growth in mid-teens, the progress of monsoon, commentary of corporates on greenfield & brownfield capex & the better than expected first quarter earnings season lays down probability for markets to scale new highs somewhere in this calendar year or financial year."

“Stocks like Siemens, Honeywell Automation, ABB, Hitachi have been on our buying radar since January. We are looking for good returns. In the last four-five years they have not given returns and there will be a lot of capex on the upgradation of machinery. Many of these companies have adopted automation and digitisation. One stock to play auto ancillary plus digitisation is Bosch.”

“Within the oil and gas space, there has been weakness with respect to the PSU gas space. That has favoured Reliance Industries and is reflecting in the stock price. As for its retail segment, they have been doing phenomenally well and so we are overweight on Reliance but generally we are underweight oil and gas. ”

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NDTV on Thursday cited a November 2020 ruling from the Securities and Exchange Board of India (SEBI) barring the Roys from accessing the securities market until Nov. 26, 2022.

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Kalpataru Power Transmissions Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 5575.91 Crore) operating in Power sector.

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