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WeWork India addressed multiple governance concerns raised by InGovern, clarifying issues on IPO structure, profitability route, promoter litigation, lease accounting, related-party transactions, and brand licensing. The company affirmed compliance with SEBI norms and maintained strong operational performance and transparency.
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Tata Technologies, down nearly 40% from its 52-week high, was upgraded by PL Capital from Sell to Reduce after strong Q2 results led by aerospace and industrial machinery growth. Despite halved PE, near-term risks persist, though long-term digital engineering and EV prospects remain promising.
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Indian markets are experiencing a cheerful mood. Nifty has broken out of its consolidation phase, indicating potential for new highs. Bank Nifty is already in uncharted territory. Analysts suggest a ‘buy on dip’ strategy. IndusInd Bank and Dr Reddy’s are highlighted as stock recommendations with good risk-reward potential. Investors can look forward to further market...
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HDFC AMC’s MD and CEO Navneet Munot says Indian markets remain resilient, driven by disciplined SIP investors and robust domestic flows. In Samvat 2082, he expects an earnings-led recovery, stable macro fundamentals, and growing financial inclusion. Active management, balanced portfolios, and long-term patience will define India’s next phase of wealth creation.
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Japan’s Nikkei share gauge surged to a record high on Monday as fiscal expansionist Sanae Takaichi was set to become the country’s next prime minister with a new political coalition in place.
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European shares rose nearly 1% on Monday, underpinned by strong performances among banks and defence stocks, as investors digested a couple of corporate earnings and assessed sector-specific momentum and macro signals.
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Brokerages highlight nine technical stock picks for Diwali Samvat 2082, projecting up to 28% upside across banking, infrastructure, metals, and IT counters.
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CEAT Ltd shares surged to a 52-week high after reporting strong Q2 results, with net profit up 54% and revenue rising 12% YoY. EBITDA margins improved, aided by GST reductions and robust domestic demand. Growth was driven by replacement and OEM segments, with strong performance across PV, two-wheeler, and farm tyres.
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Gurmeet Chadha criticises NSE and BSE for keeping broader market operations open on Diwali, calling it “greed” as many intermediaries had to work. While Diwali is being celebrated across India on Monday, October 20, stock markets will remain closed on October 21 and 22 on account of Laxmi Pujan and Diwali Balipratipada.
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Indian equities are poised for a new growth phase after a period of correction, according to Axis Mutual Fund’s Karthik Kumar. He sees green shoots of recovery, with earnings downgrades bottoming out and supportive government and RBI policies aiding corporate earnings. Improved earnings could attract foreign investors back to the market.
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