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Ashok Leyland's shares experienced a slight dip after the allotment of bonus shares in a 1:1 ratio, increasing the total outstanding shares. Trading commenced on the newly issued shares, which rank equally with existing ones. Technical indicators present a mixed outlook, with the RSI in neutral territory and the stock trading above its 30-day SMA, suggesting potential medium-term strength.
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News and Media
Savy Infra and Logistics will launch its IPO on Monday, July 21, to raise up to Rs 69.98 crore at the upper price band of Rs 120. The issue comprises 58.32 lakh equity shares and will be listed on NSE Emerge. The proceeds will fund working capital and general corporate purposes.
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News and Media
Raymond shares: The brokerage stated that Raymonds shift toward becoming a precision manufacturing-centric firm, particularly through its aerospace and auto components divisions, sets the stage for strong multi-year growth.
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News and Media
Ixigo shares: Ixigo recorded a 73% year-on-year rise in revenue from operations, reaching 314.5 crore in the June quarter. Net profit grew by 27% YoY to 19 crore, while gross transaction value (GTV) rose 55% to 4,644.7 crore, driven by strong performance in the flight and bus segments (up 81%) and a 30% increase in train GTV.
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News and Media
Nuvoco Vistas shares: The East India-based cement company reported a significant jump in consolidated net profit for the AprilJune quarter, rising to 133.16 crore from 2.84 crore a year ago. Operating revenue increased by nearly 9% to 2,872.70 crore.
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News and Media
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