The brokerage, however, reduced the target price to ₹525 from ₹590 as REC is expected to see mid-teen growth instead of the 20% forecast earlier. The revised target price offers 39% upside potential from Monday’s closing price of ₹378.
NSE has revised lot sizes for derivative contracts on Bank Nifty (from 30 to 35) and Nifty Midcap Select (from 120 to 140), effective July
ACC reported a 4% YoY increase in consolidated net profit, reaching Rs 375 crore, with revenue from operations rising 18% to Rs 6,015 crore. Volume
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