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Eleganz Interiors' SME IPO opens for subscription today, planning to raise approximately Rs 78 crore through fresh equity sale of 60.05 lakh shares. The issue price is set between Rs 123-130 per share, with bids open until February 11. Funds will be used for debt repayment, working capital, and corporate purposes.
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Shares of Aster DM Healthcare, GPT Infraprojects, Indian Toners & Developers, and Suraj Ltd will be in focus as February 10 is the record date for determining dividend eligibility. Investors must purchase shares by today under the T+1 settlement cycle to qualify for these dividends.
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Life Insurance Corp is forecasted to show mid single-digit profit growth in Q3 FY24, despite a likely decline in annual premium equivalent. Analysts predict a 5% YoY profit increase, while APE might drop by 19%. The stock currently faces downward pressure, trading below key moving averages.
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