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Apex Ecotech's SME IPO opens today, seeking to raise Rs 25.54 crore by offering 34.99 lakh shares at Rs 71-73 apiece. The water and wastewater management company plans to list on NSE SME. The IPO closes November 29, with allotment expected December 2 and listing December 4. Proceeds will fund working capital and general corporate purposes.
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Indian benchmark indices closed lower on Tuesday, mirroring global trends. However, Angel One, Zomato, and Hitachi Energy saw gains. Analysts suggest Angel One could reach Rs 3225, Hitachi Energy Rs 13,900, and Zomato could rally above Rs 300. Investors are advised to maintain stop losses.
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The replacement program was driven by pressure from the administration of former President Barack Obama to hold utilities across the U.S. accountable for aging pipeline systems following a 2010 explosion in California that killed eight people.
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