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Daburs Q3 consolidated profit rose 1.8% YoY to Rs 515.82 crore, with revenue growing 3% YoY to Rs 3,355.25 crore. The companys rural distribution network expanded significantly, leading to higher growth in rural areas. Brokerage firms Morgan Stanley and JP Morgan have maintained cautious views, citing inflation and challenges in the Healthcare and Beverage segments.
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In the Nifty500 pack, 10 stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on January 30, 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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The third quarter earnings results will be announced by 134 companies, with key players such as Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta, and Marico in focus. Nestle's profits are expected to show marginal growth, while IndusInd Bank may see a significant decline in PAT due to slower loan growth and rising slippages.
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