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Grasim Industries surged 4.4% on Tuesday after Morgan Stanley upgraded the stock to Overweight and raised its target price to Rs 3,500, implying a 28.5% upside. The brokerage also named it a top pick, citing strong prospects in the paints segment, which has exceeded expectations since launch, and highlighted multiple growth opportunities driving long-term value.
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Promoter pledged shares were reduced by 0.9 percentage point, from 17.8% in Q3 to 16.9% in Q4 FY25.
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Indian investors are now more mature. They are accepting market ups and downs. They are investing for the long run. SIP investments are strong. Passive funds are becoming popular. Defence sector is growing due to government support and new technology. Groww Asset Management focuses on long-term investments. Geopolitical issues are impacting global markets. India is doing well.
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Protean eGov Technologies has secured a Rs 100 crore work order from the Bima Sugam India Federation to serve as the Technology Solution Provider for its unified digital insurance marketplace. The 72-month domestic contract involves end-to-end development, integration, and support of the platform, strengthening Proteans position in Indias Digital Public Infrastructure (DPI) ecosystem.
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In the NSE Midcap pack, seven stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 9, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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