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Paytm shares hit a 52-week high after UBS raised its target price to Rs 1,000, maintaining a 'Neutral' stance. The brokerage anticipates revenue-driven growth as cost optimization plateaus. Bernstein also increased its target to Rs 1,000, highlighting potential upside and downside scenarios. Paytm launched an automatic top-up for UPI LITE, streamlining small-value transactions.
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Sudarshan Chemicals' promoters, Pradeep and Subhadra Rathi, sold a 3% stake (28.35 lakh shares) for Rs 197 crore. Buyers included Boon Investment, Jovial Investment, and Blue Diamond Properties. This follows the company's agreement to acquire Germany's Heubach Group. Sudarshan Chemical's shares closed at Rs 986.45 on Wednesday.
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The Indian market is expected to trade higher on 28 November 2024, supported by positive global cues. Nifty futures closed at 24,309, with options data suggesting a range between 23,800 and 24,800. Experts recommended stocks like BEL, CAMS, Deepak Fertilizers, HAL, InterGlobe Aviation, Syngene, and Bank of India for short-term traders.
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