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Nomura has kept a 'Buy' rating on Axis Bank, highlighting its attractive valuations and strong RoA/RoE outlook, with a target price of Rs 1,230, implying a 20% upside.
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News and Media
ITI Ltd shares surged 5% to Rs 284 after receiving a revised order to transfer 22.258 acres of land for Rs 200 crore. The company received Rs 100 crore upfront, with the balance pending statutory formalities. Despite short-term gains, the stock remains down 25.66% YTD and trades below key moving averages.
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News and Media
Shares of JSW Energy rose by 4.8% after Morgan Stanley gave an 'overweight rating' with a target price of Rs 545. The brokerage cited strong market share gains and projected an EBITDA CAGR of 24% for FY24-28. JSW Energy's renewable energy segment is expected to grow EBITDA by 52%. Despite recent profit declines, the stock showed a modest yearly increase.
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News and Media
Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 106.41.
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News and Media
JM Financial shares surged 4% to hit an intraday high of Rs 108 following the announcement of a Rs 230 crore tax refund from the Income Tax Department of India. This refund pertains to the assessment year 2008-09 and will positively impact the company's financials.
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News and Media
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