The rupee opened at 84.70/$1 versus 85.37 per dollar close on the previous day (Friday). The initial optimism seen in the rupee on Tuesday came on the back of US-China trade agreement and a ceasefire agreement between India and Pakistan.
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.
Analysts at Nomura and Jefferies, however, maintain ‘Buy’ ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts
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