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Citi has maintained a "buy" call on GAIL, setting a target price of Rs 250. In Q1 results, the company saw a strong performance driven by transmission and trading, with notable gains in gas transmission volumes and margins. Gas trading also performed well, though the petchem and LPG segments fell short of expectations.

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Tata Consumer Products saw a 28.3% drop in standalone net profit to Rs. 188.08 crores in Q1 FY25. However, revenue increased by 20.8% to Rs. 2923.41 crores. The company acquired 99.99% equity in Organic India Private Limited. Key segments such as India foods and coffee posted significant growth. Profit before tax fell by 21%.

Indus Towers reported a 43% rise in net profit to Rs 1,926 crore for its fiscal first quarter, mainly due to tower additions from Bharti Airtel’s 5G rollout and overdue collections from Vodafone Idea. Quarterly revenue increased 4.3% to Rs 7,383 crore. The company also approved a share buyback program worth Rs 2,640 crore.

While traders are booking profits at higher levels, the expectation of dovish comments from the US Fed and Bank of England in the upcoming policy meetings this week is supporting the optimism, analysts say.

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KEI Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 38867.44 Crore) operating in Cables sector.

Bank of Japan raises policy rate to 0.25%

Updated at : 2024-07-31 10:35:01

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The move was widely expected, and the yen gained sharply against the dollar ahead of Wednesday’s decision, trading at 152.75. But the dollar rebounded slightly after the decision, to 153.09 yen.

The Nifty index traded in its narrowest range in eight sessions, closing at 24,857 on Tuesday. Aarti Industries showed a bullish breakout, and Hindustan Petroleum indicated strong buying interest, poised for further gains. Analysts suggest accumulating these stocks for short-term gains based on technical and derivative indicators.

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Apart from SBI and Canara Bank, lenders to the company include Union Bank of India, ICICI Bank, HDFC Bank, Axis Bank and Bank of Baroda, Bank of Maharashtra, Indian Overseas Bank, Punjab National Bank and Bank of Maharashtra.

Hero Motocorp, Oberoi Realty, and 14 other companies had locked August 1 as the record date for determining shareholders eligible for dividend payments. Investors had to purchase shares by July 31 to qualify. The list includes companies like Aditya Birla Sun Life AMC and Bayer CropScience, which offered substantial dividends per share, drawing investor attention.

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