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9 penny stocks have delivered extraordinary returns, soaring up to 400% in just six months since FY26 began. Nine of these low-priced, actively traded small-cap stocks more than doubled investors’ wealth, highlighting their explosive growth potential. However, investors are cautioned about the high risks associated with these volatile assets.
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Indian equity benchmarks ended the week higher, led by Nifty and Bank Nifty. Axis Securities’ top technical picks—Poonawalla Fincorp, Bank of Baroda, JK Paper—show 8–18% upside potential.
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Vedanta Ltd achieved record production highs in Q2 FY26, including its highest-ever quarterly aluminum output at 617 kt and alumina production at 653 kt, a 31% YoY jump. Zinc India and Zinc International also reported best-ever mined metal figures. Pig iron output surged 26%.
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Kotak Mahindra Bank announced strong provisional financial results for the second quarter ending September 30. The bank reported a 14.4% year-on-year growth in average total deposits, reaching Rs 5,10,138 crore, and a 14.6% increase in average net advances. Period-end net advances rose 15.8%, while CASA balances grew 11.2%. Following the announcement, the bank’s shares closed 1.8% higher.
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Markets recovered last week. Nifty and Sensex gained nearly one percent. RBI kept the repo rate unchanged. GDP growth estimates were upgraded. Bank Nifty showed outperformance. Analyst Sudeep Shah provided an outlook. Nifty faces resistance at 25,050-25,100. Bank Nifty targets 56,200 and 57,000. DIIs supported markets amid FII outflows. Banking and PSU sectors lead.
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