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The Relative Strength Index of the stock stood at 63.57 on Tuesday.

With an improved growth profile and optimal capital utilisation, with benefits of a likely credit rating upgrade, the move is unlikely to be earnings or return on equity (RoE) dilutive, said analysts. Prashant Kumar, MD & CEO at YES Bank told ET NOW earlier this week that the fundraising would be a turning point for his bank.

Triveni Turbine rallies 14% after robust Q1 numbers

Updated at : 2022-08-02 14:25:03

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Triveni Turbine Limited (TTL) has core competency in the area of industrial steam turbines, designing and manufacturing them up to 100 megawatt size. In a separate statement, Dhruv M Sawhney, Chairman and Managing Director, Triveni Turbine said, "The company has started FY23 on a positive note. During the quarter, we have reported yet another record order booking in a single quarter of Rs 360 crore, which will boost our performance in the year."

“JLR is not the issue with Tata Motors. The domestic business is doing well for them. They have taken a very clear lead as far as EVS are concerned. Mahindra & Mahindra surprisingly has done extremely well on the SUV front and have changed the outlook on the company and now is more of a four-wheeler than a tractor company.”

Concor share price down 0.63 per cent

Updated at : 2022-08-02 14:25:03

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A total of 42,500 shares changed hands on the counter till 01:09PM (IST).

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Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 438073.46 Crore) operating in NBFC sector.

In the spot market, the highest purity gold was sold at Rs 51,668 per 10 grams while silver was priced at Rs 58,379 per kg on Monday, according to the Indian Bullion and Jewellers Association.

BofA Securities maintained its buy rating on the stock with a target price of Rs 82. It said that Zomato had a stable quarter despite headwinds but the overhang from the lock-up expiry remains. "Q1FY23 revenue/EBITDA was better than expectations and adjusted EBITDA was breakeven in the food delivery segment with the focus on cost control clearly visible. The Zomato-Blinkit deal remains on track," it said.

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Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 271630.39 Crore) operating in Auto sector.

Kansai Nerolac shares zoom 19% as Q1 PAT rises 36%

Updated at : 2022-08-02 13:25:03

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The company reported a 36.51 per cent increase in its consolidated net profit to Rs 152.05 crore for the first quarter ended June 30, 2022. It had posted a net profit of Rs 111.38 crore in the April-June period a year ago.

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