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Waaree Energies reported a robust Q4, with net profit surging 34.1% YoY to Rs 618.9 crore, driven by a 36.4% rise in revenue to Rs 4,003.9 crore. EBITDA more than doubled, and module production increased significantly. The company's board approved capacity expansions in Texas and Pune to support future growth, while analysts suggest a 'Hold' rating on the stock.
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News and Media
The Q4 earnings season is gaining traction, with LTIMindtree, Bajaj Housing Finance, and Tata Tele Services among 28 companies set to announce results. Bajaj Housing is expected to report strong profit growth, potentially up 61% to 613 crore. However, LTIMindtree anticipates flat revenues due to weakness in travel and hi-tech sectors, impacting margins despite cost-cutting efforts.
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News and Media
Indian benchmark indices experienced a sixth consecutive day of gains, fueled by banking and FMCG sectors and foreign investment inflows. Viral Chheda of SSJ Finance and Securities suggests a buy-on-dips strategy for HCL Tech, Nestle, and Bajaj Housing, anticipating significant upside potential over the next 10-12 months, while advising on stop-loss levels to manage risk.
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News and Media
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