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Ipca’s export formulations business grew by 89 per cent to 1,500 crore. Sales of HCQ for the quarter totalled Rs 200 crore. The share price of Ipca in the past six months has risen by 27 per cent to Rs 2,034 from Rs 1,599. Shares of the other two companies have also risen by about a fifth since the pandemic struck.
Buy Asian Paints, target price Rs 2140: Motilal OswalAsian Paints Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 195719.51 Crore) operating in Building Materials sector.
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… Read MoreBuy Tech Mahindra, target price Rs 865: Motilal OswalTech Mahindra Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 79468.11 Crore) operating in IT Software sector.
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… Read MoreStocks in the news: Infibeam Avenues, IndusInd Bank, Tata Motors, Britannia, SBI and RILIndusInd Bank registered lukewarm performance on credit with loans and advances growing a meagre 2% to nearly Rs 2 lakh crore at the end of the September quarter,
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… Read MoreGDP may fall by only 6-7% in Q2: Motilal OswalAccording to the recent Bloomberg consensus, the market expects another double-digit decline (of 11 per cent ) in India’s real GDP growth in the second quarter after a 23.9 per cent contraction in the first quarter ended June… Read MoreRaise taxes on rich to spend on poor: Joseph StiglitzThe Indian government had earlier rejected a proposal put up by the Indian Revenue Service Association to levy higher taxes on the uber-rich to meet the revenue shortfall. The government also took stern action against three o… Read More
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