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Motilal Oswal believes that the pivot towards managing lifecycle engineering can structurally improve the quality of Cyient's revenue; however, the key monitorable remain the success rate and execution within its marquee accounts.
The volatility comes amid concerns surrounding slowdown in sugar production and supply, in the face of the forthcoming bustling festive season.
Tempsens Instruments IPO is set to list on Aug. 28, with the latest GMP indicating a potential 102.67% premium over the issue price of Rs 300.
MPSC has cancelled the Drug Inspector recruitment process after allegations of a question-paper leak, with a fresh exam to be held for eligible candidates.
Deloitte will pay $21.5 million to settle a US DOJ probe into its DEI practices and claims by the American Alliance for Equal Rights.
Jefferies has raised Hindustan Zinc's target price to Rs 750, implying 31% total shareholder return, while trimming Hindalco's outlook on weaker aluminium prices.
The NSE Nifty 50 rose as much as 0.1% to 24,357.05. The BSE Sensex rose as much as 273 points to 77,929.64.
The civic body's new safety measures come ahead of Ganeshotsav, when thousands of idols are transported across Mumbai, including several large and heavy installations.
Pitti's revenue growth is expected to be supported by the capex, recent trade deals between India and the US, as well as Europe, adds the brokerage.
With bidding closing August 27, Hy-Tech Engineers leads the IPO pack with a stellar 56.6% GMP and 17x subscription. Here's how the three issues compare.
