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JSW Energy's Q4 earnings are anticipated to show a strong sequential recovery, with net sales expected to reach 29.89 crore, reflecting both QoQ and YoY growth. EBITDA is projected to remain stable, while adjusted PAT is forecast to rise significantly QoQ but modestly YoY. Weak coal prices and merchant tariffs may impact overall earnings.
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Virtual Galaxy Infotech's IPO saw overwhelming demand, being subscribed over 200 times, fueled by strong investor interest across all categories. Allotment finalization is expected today, with investors eagerly awaiting results and a robust grey market premium of 53%. The IPO comprised a fresh issue of 6.57 million shares, aiming to raise Rs 93.29 crore, with listing scheduled for May 19.
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Oil prices declined on Thursday due to potential US-Iran nuclear deal. There was also an unexpected increase in US crude oil inventories. An Iranian official expressed willingness for a deal with the US if sanctions are lifted. Saudi Arabia supports the US-Iran nuclear talks. The US issued sanctions targeting Iran's ballistic missile component manufacturing.
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