According to analysts, dominant shareholders, including founders, raising stakes in companies is often considered to be a positive indicator and could hint at anticipated strong growth in earnings.
Waaree Energies shares fell nearly 5% after a US Customs ruling triggered concerns over reputational impact despite the company’s clarification. JM Financial retained its ‘Add’
The proposed merger of Power Finance Corporation and REC will create India’s largest power sector financing institution with a combined loan book exceeding Rs 11
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