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A growth-focused budget that stimulates spending and addresses fiscal priorities could drive market sentiment and set the stage for FY26 growth.
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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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