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On the upside, immediate resistance is expected at 25,250. Stocks such as Coforge, Balrampur Chini, JK Lakshmi Cement, Divis Lab, Torrent Pharma, Titan, Ipca Labs, and Lal PathLabs could attract support-based buying, said analysts.
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Housebuilders say they have thousands of social homes ready to be built but no customers to buy them.
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The Adani Group, India's second-biggest cement maker, had entered the sector by acquiring Holcim's India operations in 2022. As with Holcim, Adani intends to move fast to close the deal, said the people cited. Ambuja Cements had cash and cash equivalents of Rs 18,299 crore on June 30, 2024. However, the Indian conglomerate may opt out of a deal if it becomes a full sale process involving other contenders, one of the persons said.
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