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Oil India shares rose 5% after Avendus Spark gave a "buy" rating with a Rs 630 target, citing volume-led growth and strong earnings potential. The brokerage sees upside despite recent oil price corrections and highlighted ongoing capacity expansion and production visibility. Technicals show bullish momentum.
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Sacheeromes IPO saw strong investor demand, with a GMP surge indicating a likely 40% premium listing. Subscribed over 60 times, the Rs 61.62 crore issue will fund a new plant. The company reported robust FY25 financials and plans expansion in the fragrance and flavour market.
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Adani Power shares fell 1.2% after a five-day, 12% rally, amid profit-booking. Despite muted Q4 results, sentiment remained strong on the back of a Rs 2 billion project win and aggressive expansion plans to scale capacity to 30.67 GW by FY30. Technical indicators stayed bullish, and analysts maintain a strong buy rating despite a 23% one-year decline.
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