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Hyundai Motor India is gearing up for a landmark initial public offering (IPO) on Tuesday which is expected to raise approximately Rs 27,000 crore, marking a significant milestone in the Indian automotive sector. Here are ten key insights to help you understand what makes this offering noteworthy:
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L&T's shares rose 2% to Rs 3,555 after JP Morgan gave an 'overweight' rating and set a target price of Rs 4,360. JP Morgan believes L&T is well-positioned for growth in India and the Middle East. The company reported strong earnings growth and an increase in revenue in Q1 FY24.
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Domestic markets exhibited a mixed trend and ended with a negative bias last week. Analysts said the market is currently in a phase of consolidation due to premium valuations and a subdued outlook for Q2 results. In this setup, here are 4 stocks to buy in short term for up to 13% return.
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