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SAIL's shares surged 3.5% to Rs 103.65 on BSE post-Q3FY25 results showing a 66% YoY drop in net profit to Rs 142 crore. The revenue from operations increased 5% to Rs 24,490 crore. EBITDA improved slightly to Rs 2,389 crore, though PAT fell 84% versus Q2FY25.
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The catalysts as well as potential drivers for the re-rating will be assessed and evaluated relative to current price, which makes it easier to implement portfolio decisions both from a buy as well as sell perspective.
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In the NSE list of stocks, six stocks with a market cap of over Rs 1,000 crore are witnessing Death Crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stocks short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks' 50-day SMA crossed below their 200-day SMAs on February 11. Take a look:
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MSCI's February 2025 index review adds Hyundai Motor India to the MSCI Global Standard Index, while Adani Green Energy is removed. IndusInd Bank and Varun Beverages see significant weight increases. In the MSCI India Smallcap Index, 19 companies like CarTrade Tech are added, and several stocks experience weight adjustments.
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Amwill Healthcare's shares will debut on the BSE SME platform with an IPO price of Rs 111 each. The IPO saw moderate investor interest, driven by institutional support. Amwill focuses on derma-cosmetic products, outsourcing manufacturing and distribution to third parties. Indias $14 billion beauty industry is growing rapidly due to online sales and a trend toward personalised products.
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