stock market
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ICICI Bank stock surges over 2% after strong Q4 results
Shares of ICICI Bank hit a lifetime high on the NSE at ₹1,136.90 on Monday’s trade after the company’s March quarter consolidated net profit grew 18.5 per cent to ₹11,672 crore, helped by lower provisions. The stock was trading at ₹1,138.85 on the NSE, higher by 2.79 per cent as of 11.53 am.
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Techno Electric & Engineering secures new orders for ₹4,063 crore; stock surges 5%
Techno Electric & Engineering has bagged new orders for ₹4,063 crore. The stock surged 5.22 per cent on the NSE as of 1.21 pm to trade at ₹1,020.
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Intellect Design’s iGBT powers Jordan Kuwait bank’s digital transformation
Intellect Design Arena Ltd.’s shares were up by 0.07 per cent after the company reported that its transaction banking specialist, Intellect Global Transaction Banking (iGTB) with Jordan Kuwait Banks implemented a fully integrated Corporate Banking platform. It is powered by eMACH.ai with 50 per cent coverage amongst active transaction banks in the country.
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F&O Tracker: Bounce-back prospects emerge in indices
Nifty 50 (22,147) and Bank Nifty (47,574) lost 1.7 per cent and 2 per cent respectively last week. Consequently, the futures contract of these indices too fell. Below is an analysis of futures and options data and projection for this week.
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F&O Strategy: Manappuram Finance: Calendar bull-call spread
The long-term outlook remains positive for the stock of Manappuram Finance (₹188.15). A conclusive close above ₹207 will reconfirm the bullish trend. In that case, the stock can record new highs.
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Talbros Automotive hits upper circuit on NSE, JV bags ₹1,000 crore contract
Talbros Automotive Components Ltd (TACL) stock surged after its joint venture company secured an order from a European OEM.