“Margin improvement is volatile as the small impact on utilisation for its network impacts the margin as pricing power is limited,” said the brokerage, while slashing its target price from ₹600 to ₹488.
Knack Packaging’s Rs 439.5-crore IPO was subscribed 73 times on the final day of bidding, led by strong demand from QIBs. The grey market premium
Tesla shares plunged over 7% despite the EV maker reporting record second-quarter deliveries that beat Wall Street estimates. Analysts attributed the sell-off to profit booking
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