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Hero MotoCorp is expected to post strong Q2 results, driven by festive demand, volume recovery, and a richer product mix. Brokerages project double-digit growth in revenue and profit, aided by higher ASPs, stable input costs, and improved margins. Analysts remain upbeat on Hero’s festive momentum and EV strategy.
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Awfis CEO Amit Ramani addressed market concerns, clarifying that company-wide debt stands at 21 crores, a decrease from the previous year, while profitability and EBITDA have seen significant year-on-year growth.
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Groww’s successful stock listing highlights a major change in how Indians invest. Digital platforms like Groww make investing simple, like online shopping. This has brought many middle-class individuals into the stock market. The trend shows a growing confidence in equities as a way to build wealth. This shift is reshaping India’s financial landscape.
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Aequs Ltd. raised around ₹144 crore through a pre-IPO placement by issuing 1.16 crore shares at ₹123.97 each to marquee investors, including SBI Funds Management, DSP India Fund, and Think India Opportunities Master Fund.
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The Nifty index recovered strongly after early losses, closing with gains of 120 points near 25,700. Analysts maintain a bullish view, suggesting a Bull Call Spread amid sustained market momentum.
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Tenneco Clean Air India’s Rs 3,600 crore IPO opened for subscription on Wednesday, offering over 9 crore shares in a complete offer for sale. The issue, priced between ₹378–₹397 per share, closes on November 14, with allotment on November 17 and listing slated for November 19.
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The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) said it has approved six new real estate projects involving a proposed investment of Rs 863.94 crore across five districts of the state.
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Japan’s Nikkei share average rose on Wednesday, extending gains after SoftBank Group trimmed losses, while Sony Group helped the broader Topix to close at a fresh high on a robust annual profit forecast.
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Info Edge India reported a significant 1,260% surge in its Q2 net profit, reaching Rs 316 crore compared to Rs 23 crore in the previous year. Revenue from operations also climbed 15% to Rs 805 crore. The company’s diverse businesses, including recruitment, real estate, matchmaking, and education, contributed to this strong financial performance.
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European shares hit a record high on Wednesday as investors were relieved by a potential end to a historic U.S. government shutdown and also assessed corporate updates from UK’s SSE and France’s Edenred.
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