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The announcement comes as the US president is set to impose new tariffs on trading partners from 2 April.
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SG Finserve shares surged 20% to Rs 432.6 on Tuesday after veteran investor Madhusudan Murlidhar Kela acquired a 1.7% stake in a bulk deal. Meanwhile, Dinesh Pareekh sold a 0.53% stake. Additionally, ace investor Ashish Kacholia held a 1.14% stake in the company as of December 2024. The stock's rally reflects investor confidence in the company.
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The Shenzhen-based firm says revenue for last year came in at $107bn, boosted by sales of its hybrid vehicles.
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News and Media
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