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Mangal Compusolution has launched its SME IPO to raise Rs 16 crore, offering shares at Rs 45 apiece. The IT hardware equipment rental and sales company aims to list on NSE SME. The IPO opened on November 12 and closes on November 14, with a potential listing date of November 20.
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Nykaa is predicted to experience a threefold increase in net profit for the second quarter, reaching Rs 1900 crore in revenue. This surge is attributed to the success of their beauty and personal care (BPC) sector. The fashion vertical also showed growth, with revenue growth in the early twenties.
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Indian benchmark indices closed relatively flat on Monday, impacted by several factors including persistent selling by foreign institutional investors (FII), underwhelming quarterly earnings reports, and weak performance in Asian markets. Analysts suggest investors avoid buying Hindalco, ONGC, and Asian Paints at current prices due to various technical indicators and market trends.
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