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Bharat Forge said the consolidated results are not comparable with those of the last fiscal due to its alignment of accounting periods of all the subsidiaries, associates and joint ventures for a better presentation of the operating performance of the group.

“There is a one-off gain of almost Rs 149 crore on account of the pre redemption of the preference shares. Margins have been slightly sober but overall we expect the environment to improve from this quarter onwards because of the sudden drop in the prices of commodities and its impact on our FMCG businesses like biscuits etc. ”

How investible are NFTs?

Updated at : 2022-08-11 15:25:03

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As such he concludes that NFTs are similar to the IPOs, earning a high first-day return with abnormally high volume. However, the size of the data set, time period and variables are not statistically significant to statistically prove anything.

Buy NHPC, target price Rs 46: ICICI Securities

Updated at : 2022-08-11 14:45:01

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NHPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 35258.07 Crore) operating in Power sector.

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"It is extremely heartening that our Strategy of focusing on industrial, international and cash accretive projects has been reaping the desired benefits. We have been consistently improving our operating margins through execution efficiencies," company Chairman, Managing Director and Group CEO, Rajiv Mittal said.

“We are in a bear market rally. The fundamentals are still very poor, the outlook is still very poor. We saw all the earnings reports come out, good earnings and good revenue in some cases but the outlook remains poor across the board. It is too early to say the deck is clear. I see some more headwind ahead. We will have to wait and see but in the near term it is good.”

Goldman Sachs said the next catalyst could be the potential resolution of the user onboarding ban on Paytm Payments Bank (PPBL), which Paytm recently mentioned is making good progress.

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The stock quoted a 52-week high price of Rs 3550.0 and a 52-week low of Rs 899.6.

Data showed Maruti Suzuki and Bajaj Auto are the most widely covered stocks on the Street, with54 analysts covering the two stocks, while Grasim Industries and Bajaj Finserv are the least covered stocks (10 analysts covering these stocks). Here are Nifty50 stocks ranked by their popularity:

Marico shares gain 0.7% as Sensex rises

Updated at : 2022-08-11 14:45:01

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A total of 12,730 shares changed hands on the counter till 01:14PM (IST)

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